If you run an ecommerce business, you’ll know the importance of having accurate (and stress-free) finances. But managing your sales channels together with your accounting software can be messy – and cost you hours. Luckily, there are some pretty great operational tools in place that easily integrate with your Xero suite, and our accounting team…
I’ve recently returned for my first international holiday since COVID – a hiking trip in the Canadian Rockies with the family. For the first time since I can remember, I intentionally switched off from work. I turned on my ‘OOO’. Deleted all work apps from my phone. “Lost” my passwords. I couldn’t even login to…
By Andrew Law (Head of Tax) and Simon Davis (Head of Business Development) It’s not often that tax legislation gets anyone’s motor running, but a new proposal from the Federal Government that would exempt electric cars from fringe benefits tax (FBT) has people talking – and it might finally shift Australia’s transition towards EVs into…
Want to make your business more appealing to jobseekers, and incentivise your current employees to stick around and keep bringing their A-game? Then you should be looking at ways for your team to share in your company’s success. Over the past several years, we’ve had ongoing conversations here at SBO Financial about how we can…
When asked how to improve the profitability of a business, the default response by your typical robot accountant is to “restructure your costs”. Translated to non-accountant terms, that means slash your overhead expenses and fire staff. They’ll offer a bunch of recommendations like replacing the espresso machine with instant coffee, or cancelling the annual staff…
McDonalds have designed and optimised their menu to maximise profitability. Here’s how you can do the same.
Forget Bitcoin – vending machines are where the riches are at. Here’s how I almost bought a vending machine business.
You’ve probably noticed there’s a bit of doom and gloom around the economy at the moment – but it doesn’t have to be a dark time for your business. Here’s how you can prepare for the challenge ahead.
What’s it really like working at SBO Financial? Here are my key takeaways from my first 24 months working at an accounting firm that does things a little differently.
Revenue isn’t the only metric of “success” – what you should be really looking at is your gross profit margin. Here’s why sales really don’t fix everything.