Elephant Advisory
Elephant Advisory
  • Видео 58
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Top 4 Bookkeeping Tips for Startup Businesses | Small Business Bookkeeping
Starting a new business can be both exciting and challenging. One aspect that requires careful attention is bookkeeping. In this blog post, we will share four essential bookkeeping tips for startup businesses to help you stay organized and financially informed.
1. Choose the Right Accounting Software
The first step in establishing a solid bookkeeping foundation is selecting the right accounting software. We highly recommend Xero, a user-friendly and efficient cloud-based accounting solution. Xero streamlines financial tasks and provides real-time access to your business's financial information. With Xero, you can save time and make informed decisions quickly.
2. Reconcile Transactions Daily
R...
Просмотров: 43

Видео

5 Key Elements to Consider When Refinancing Your Home Loan
Просмотров 246 месяцев назад
Refinancing your home loan can be a smart financial move that helps you save money and achieve your long-term goals. In today's blog post, we'll walk you through five crucial elements to consider when refinancing your home loan in Australia. 1. Term of the Loan The first important factor to think about is the term of your loan. In Australia, mortgages are typically offered as 30-year loans, and...
Accounting Tips for Success in the Hospitality and Retail Industry | Hospitality Accounting Tips
Просмотров 197 месяцев назад
It's a crucial time of the year for hospitality businesses. If you're a business owner in the hospitality or retail industry, you know how fast-paced and dynamic these sectors can be. Keeping track of finances and managing your accounting effectively can make a significant difference in the success of your business. In this blog post, we'll share five essential accounting tips tailored to the s...
Top SMSF Administration Tips for Successful Retirement Planning | Self-Managed Super Fund Advice
Просмотров 207 месяцев назад
Are you a trustee of a Self-Managed Superannuation Fund (SMSF) looking for expert advice to ensure smooth administration and compliance? You've come to the right place! In this blog post, we'll share the top SMSF administration tips to help you maximize your retirement benefits and navigate the complexities of managing your fund effectively. Tip #1: Develop and Review Your Investment Strategy A...
The Top 8 Tips for First Home Buyers in Australia | First Home Buyer Finance
Просмотров 458 месяцев назад
Are you a first-time home buyer in Australia feeling overwhelmed by the complex process of buying your dream property? Don't worry; we've got you covered! In this blog post, we'll share our top eight tips to help you navigate the challenges and achieve your goal of becoming a proud homeowner. Let's dive in! Tip #1: Determine Your Budget The first step in the home-buying journey is to understand...
Sole Trader vs Partnership vs Trust vs Company | Small Business Structures Explained
Просмотров 3189 месяцев назад
Running a small business comes with its fair share of financial responsibilities, and choosing the right tax structure can significantly impact your business's bottom line. In today's blog post, we'll provide a brief overview of the four main small business tax structures commonly used in Australia to help you make an informed decision. 1. Sole Trader The sole trader structure is the simplest a...
Our Five Best Tax Tips For Tradies | Tradie Accounting Tips
Просмотров 11110 месяцев назад
In this video, our accounting expert Sam provides the top five accounting tax tips for tradies: 1. Separate Business and Personal Accounts: It is recommended to have separate business and personal accounts to avoid missing deductions and confusion around transactions. Keeping personal and business finances separate makes it easier for the accountant to reconcile and review transactions effectiv...
How To Avoid Lender's Mortgage Insurance As A Doctor, Lawyer or Accountant
Просмотров 40Год назад
Shehan is back to discuss the tips and tricks around getting a home loan as a professional. For most borrowers, getting a home loan without a 20% deposit comes with a hefty price tag. Lender's Mortgage Insurance is a premium paid by the borrower to protect the risk of the lender from making a loss in the unlikely case of a default. However, if you're a doctor, lawyer or accounting professional,...
Top Five Cash Flow Management Tips For New Businesses
Просмотров 101Год назад
Welcome back to the Elephant Advisory RUclips channel. With poor cash flow management the single leading cause of small business failures, it is critical to have a plan to ensure your business stays afloat. Today, Accounting Director Oz is here to share his five best cash flow tips for businesses that are starting out. 0:00 Introduction 0:18 1. Separate your business and personal finances 1:10 ...
The Top 5 Tax Planning Tips for Small Business Owners 2023
Просмотров 168Год назад
With the end of the financial year approaching, we're joined by Head of Accounting Oz Karabadjak who's here to discuss the strategies that can reduce your next tax bill. By implementing our top 5 tax planning tips for 2023, you can help minimise your tax liabilities and effectively manage the cash flow of your small business. If you have any questions, please get in touch to hear from Oz or one...
5 Tips I Would Give Myself If I Was Restarting My Property Journey Today
Просмотров 25Год назад
This week's episode is a bit more personal, and it involves going back in time to the start of Shehan's property journey. So much has changed over the last 15 years in the Australian property market that it is hard to know where to begin. Safe to say; a lot of lessons have been learned. In this video, Shehan shares the five tips he would give to himself if he was restarting his property journey...
Porter Davis' Collapse | 5 Tips To Manage A Successful Construction Process
Просмотров 55Год назад
Porter Davis' Collapse | 5 Tips To Manage A Successful Construction Process
What Is Our Home Loan Process? | An Eight Stage Walkthrough
Просмотров 96Год назад
What Is Our Home Loan Process? | An Eight Stage Walkthrough
Do Lenders Accept Bonuses? | How Bonus Income Can Increase Your Borrowing Capacity
Просмотров 37Год назад
Do Lenders Accept Bonuses? | How Bonus Income Can Increase Your Borrowing Capacity
Small Business Forecasting | The Downfall Of Silicon Valley Bank & How To Avoid The Same Fate
Просмотров 62Год назад
Small Business Forecasting | The Downfall Of Silicon Valley Bank & How To Avoid The Same Fate
How Do I Own 10 Properties? | Our 10 Best Tips To Finance A Large Property Portfolio
Просмотров 35Год назад
How Do I Own 10 Properties? | Our 10 Best Tips To Finance A Large Property Portfolio
8 Things You Need To Know About Lender's Mortgage Insurance | LMI Explained
Просмотров 86Год назад
8 Things You Need To Know About Lender's Mortgage Insurance | LMI Explained
How To Find The Perfect Small Business Accountant: Ask These Five Questions
Просмотров 204Год назад
How To Find The Perfect Small Business Accountant: Ask These Five Questions
Property Auctions | Eight Tips To Make Sure You Win Your Next Auction
Просмотров 31Год назад
Property Auctions | Eight Tips To Make Sure You Win Your Next Auction
The 6 Ways A Virtual CFO Can Transform Your Business
Просмотров 68Год назад
The 6 Ways A Virtual CFO Can Transform Your Business
The 12 Key Costs of Buying a Property in Australia
Просмотров 45Год назад
The 12 Key Costs of Buying a Property in Australia
How to Build the Simplest Business Plan in 2023: The SSS Approach
Просмотров 43Год назад
How to Build the Simplest Business Plan in 2023: The SSS Approach
How long does the home loan process take in Australia?
Просмотров 47Год назад
How long does the home loan process take in Australia?
What is LVR and How Do I Calculate It?
Просмотров 49Год назад
What is LVR and How Do I Calculate It?
Welcome to the Elephant Advisory Youtube channel!
Просмотров 103Год назад
Welcome to the Elephant Advisory RUclips channel!
Understanding Your Debt-to-Income Ratio: The Key to Financial Health
Просмотров 77Год назад
Understanding Your Debt-to-Income Ratio: The Key to Financial Health
Secrets from a mortgage broker: How the home loan industry has changed
Просмотров 84Год назад
Secrets from a mortgage broker: How the home loan industry has changed
Is 2023 the right time to buy property?
Просмотров 29Год назад
Is 2023 the right time to buy property?
Networking and collaboration tips to drive your business's growth
Просмотров 52Год назад
Networking and collaboration tips to drive your business's growth
Worried about perpetual interest rate rises? Our quick guide to fixed rates.
Просмотров 52Год назад
Worried about perpetual interest rate rises? Our quick guide to fixed rates.

Комментарии

  • @agustinmarcel1721
    @agustinmarcel1721 Месяц назад

    Dude, leave the guy talk! The info is great but you interrupt him so much!

  • @xxbridgetrubyxx
    @xxbridgetrubyxx Месяц назад

    I rarely comment on RUclips videos. I am an avid podcast listener. I will be subscribing to your podcast ASAP. At 32 I have had 3-4 businesses as well as a company, and never have I understood the structures better than I do now from your explanation of sole trade vs compan vs trust!! I found this as I embark on applying for a new ABN to subcontract as a beauty/tattooist in a new town after selling my business of 9 years in 2023. THANK YOU SO MUCH. I can't wait to learn more from you guys 🫶🏽

  • @Warlowisnumberone
    @Warlowisnumberone 2 месяца назад

    Awesome video thanks

  • @jimmyrustler1353
    @jimmyrustler1353 4 месяца назад

    Great video but the other guy interrupted way too much and that made it rough

  • @lachlanbell8773
    @lachlanbell8773 4 месяца назад

    Good work lads , fast enough to get!

  • @ItsJustSimpleAsThat_Ang
    @ItsJustSimpleAsThat_Ang Год назад

    The only thing with a specialist, you don’t know if you are getting the generic or a CPA that is going to really work for your money. So yes you want someone with a specialty but if a cpa knows how to do taxes for business then does it matter?

    • @ElephantAdvisory
      @ElephantAdvisory 10 месяцев назад

      Great comment and you’re spot on. Ultimately a great accountant is a great accountant, the only time it can be valuable is if your in a dynamic industry where tax laws maybe changing. As an example the health space in Australia has seen a number of nuance changes that a firm dedicate might be across more (key world might).

  • @habibm231
    @habibm231 Год назад

    Great advice and reminders. thank you for that.

  • @donashley6210
    @donashley6210 Год назад

    Certainly, sound advice from a pro

  • @presleycarelyn8142
    @presleycarelyn8142 2 года назад

    🌟 promosm