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Marketing Strategy Day!! When I was working through my big ol strategy with my 'advisory committee' we recognised that we needed to prioritise a marketing plan for 2020 (and beyond). This is critical to us achieving the rest of our goals for the business. So, I called in the big guns. I have a wonderful woman helping me out who popped over today and absolutely inspired me! Have you had a think yet about what you want to achieve in 2020? What will you start doing, stop doing and keep doing? (and why?) If you want to get together and chat through your strategy, let me know. xxx Lauren #accountant #tax #creative #art #artist #creativeaccountant #adelaide #therealthiel #charteredaccountant #strategy #mondaymadness
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Instead of task lists are you busy writing Christmas present lists? HOT TIP: make something, buy local, buy environmentally and socially friendly products only, donate the money instead, or DO something with your loved ones instead of getting them more 'things'. Christmas is not actually about gifts, but it is a nice time to recognise the love we have for each other and to give generously. Also... don't forget about your to-do list because life doesn't just stop because its Christmas! Maybe this is your busiest time of year! Let me know if you need a hand with the inventory management or bookkeeping to ease the workload. xxx Lauren #accountant #tax #creative #art #artist #creativeaccountant #adelaide #therealthiel #charteredaccountant #christmasgifts #buylocal #smallbusiness #giving #generosity
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Going into business with a friend or your life partner? Some accountants joke that this is a more serious decision than getting married... and to be honest (unfortunately) some business relationships last longer than marriages. One thing is for sure, it similarly comes with big opportunities and big risks too. A lot of people go into business together assuming they will be friends or lovers forever... but what happens (to the business and working relationship) if things turn sour? Do you know what the company constitution says? Do you even have a partnership agreement in place? This is something super important. Please be sure to speak to an accountant and/or lawyer about what you are planning to do, with you, and what your exit strategy is. My recommendation is to create the exit plan when when you still like each other. Here to help if you are looking at doing this or if you are already in business together. It's never too late... until it is. xxx Lauren #accountant #tax #creative #art #artist #creativeaccountant #adelaide #therealthiel #charteredaccountant #loversandfriends #mixingbusinesswithpleasure #pleasurablebusiness #worklifebalance #partnership #escapeplan
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Fun fact: if you are a sole trader, all of the business profits are generally taxable income in your own name. If you run a Company, then you can be an employee of the Company and better control or measure what will be the taxable income in your own name at the end of the financial year. Keen to learn more about entities, structures, payroll or tax savings tips? Book a consult, check out my Tax 1010 course online, or give me a buzz. There is no magical right answer that applies to everyone. Accountants need to know you, your family and your business in order to provide you the best advice! xxx Lauren #accountant #tax #creative #art #artist #creativeaccountant #adelaide #therealthiel #charteredaccountant #company #ptyltd #payroll #xeroexpert #taxableincome
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What do I do with my coaching clients? Thank you for asking. One thing I have helped a few with this month has been improving their invoicing and accounts receivable processes. For some, this involved teaching them the difference between cash and accrual accounting. For others it was about syncing their shopify websites to Xero to better manage stock. And for others it was about setting up online payments in Xero so that their customer experience was streamlined and their receivable days decreased. Need a hand with Xero and managing your processes? Hit me up today to book in for January! Start the new year in the right way. xxx Lauren #accountant #tax #creative #art #artist #creativeaccountant #adelaide #therealthiel #charteredaccountant #coachLauren #coachingclients #financialfitness #xeroexpert
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Do you know the difference between all the different entity types? Did you know that as a sole trader you are technically your business (same legal entity = same tax return)? There is a super handy little guide to all of this on my website. Go check it out and let me know if you have questions. If you need help setting up or restructuring, flick me an email! xxx Lauren #accountant #tax #creative #art #artist #creativeaccountant #adelaide #therealthiel #charteredaccountant #ptyltd #company #soletrader #smallbusiness
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I love being a student. Big fan of continuous learning over here. You are never too old to learn! Right now, I am a student in two ways - I am (still) finishing my property tax law course with TAFE, and am also studying ballroom partner dancing! Guess which one I like most... while I do love tax and accounting, dancing is always going to win that battle 😝 What are you reading and learning and trying out right now? xxx Lauren #accountant #tax #creative #art #artist #creativeaccountant #adelaide #therealthiel #charteredaccountant #dancingqueen #accountingqueen
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So many fun social things happening this December! If that equally excites you and scares you, because cash-flow, hit me up and we can chat about some of my hot tips on how to ease the pain and improve the flow. We can even chat about a personal plan for 2020. xxx Lauren #accountant #tax #creative #art #artist #creativeaccountant #adelaide #therealthiel #charteredaccountant #partytime #cashflow #cashpoor #richdadpoordad #hottips
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One thing I do not mind about travelling, is doing my work from the comfort of my hotel/airbnb room. There is something lovely about the super cosy beds. I try not to work from my bedroom at home... apparently it's not good for your sleeping (and other things - wink wink). But on the road, when it's just me, I love to get all snuggly and warm and smash out emails! So... now is the perfect time to get in touch and book in for some consults or goal setting workshops in the new year! xxx Lauren p.s. I am actually hungover and not doing emails right now! #accountant #tax #creative #art #artist #creativeaccountant #adelaide #therealthiel #charteredaccountant #hotelmotel #sleepin #hungover
