Success in today’s business climate sometimes requires you to push aside your passion for your business and spend time sorting out your finances – not a pleasant thought! But not to worry, we’re here to help. Did you realise that a major part of managing your finances can be taken care of using one very … Read more
Clayton
Clayton Wood
Clayton has run Business Edge Advisors since 2013. The practice has been on the border since 1988, and he took it over with the same idea it started with: a business owner should be able to ring their accountant and get a straight answer.
Most of his week goes on trade and small business owners around Albury and Wodonga, working through the things that actually decide whether a year went well. What structure to be in, what to do before 30 June, and whether the numbers on the screen mean what the owner thinks they mean. He writes here about the questions that come up most often, in the same words he would use across the desk.
Registered Tax Agent 20651000. Level 1, 561 Olive Street, Albury NSW 2640.
What he writes about
- Tax, which is mostly what you can claim, what gets knocked back, and what changed this year.
- Xero and bookkeeping, for owners who would rather the software did the work.
- Business planning, being the part that happens before the numbers are already bad.
- Individual returns, because a lot of business clients started as a personal return.
Investing in a rental property doesn’t have to be a lot of extra work, but when done properly, property investing can generate a lot of paperwork and email correspondence. So what should you keep, and what do you throw out? Keeping your records organised is important in the running of your investment properties and any … Read more
We’re giving away over 40 Regent Cinema star passes over the coming months, simply follow us on Facebook to see how you can win. Share our pages and contestants with your friends and get them involved too. We will also be giving away a chance to win a free Tax Return, valued at $150. The … Read more
There’s five key things that all business owners MUST consider RIGHT NOW. Three of them are brilliant wealth creation ideas. Please read on! 30 June is only 13 weeks after the beginning of April. It’s not a long time at all. This year let’s try and use all of them. Too often, we end up … Read more
It goes without saying that a business needs cash flow to keep operating. If too many customers forget, delay or refuse to pay, your business could end up in serious trouble! Debt collection is an aspect of cash flow management where a lot of businesses under perform. However, it doesn’t have to be difficult. If … Read more
What’s an exit strategy? Having a well prepared business plan is an important step, however ensuring you have an exit plan is more important. Businesses that have been prepared for an owner’s exit are significantly more likely to succeed than unprepared businesses. If you fail to plan, you are planning to fail You need to … Read more
Not only are these legal ways to cut your tax bill, they’ll give you more money to build your wealth. While the taxman is targeting investors hiding assets overseas, there are much less complicated ways to cut your tax bill. Here are 6 legal tax-minimising strategies that you can easily use – and they can … Read more
If you were to watch the news recently (by recently I mean in the last 2 decades) you would think that Australia maybe about to lose its ‘Lucky Country’ tag. However research released by Credit Suisse Research Institute has Australia fairing very well in the wealth rankings. The richest nations in the world are classed … Read more
As we finish the silly season, it’s common to look back and reflect on the year that was. While everyone is busy looking back and celebrating the highs and (hopefully) learning lessons from the lows we’re all about looking forward. That’s how you get ahead – when everyone is looking back you need to look forward, so … Read more
We would like to thank our clients and network of associates that have helped us over the past 18 months. It’s our clients that we are here for and help us achieve our goals, because we only succeed when they succeed. It’s been a great start to the business and transitioning from Graham Fuller & … Read more