About
I have taken off the suit & lost the tie!
As a corporate world escapee, Paul is a independent, experienced chartered accountant, business consultant, with solid financial business experience, passionate about helping SME's realise their dreams & potential. He enjoys sharing the love with like-minded, new age entrepreneurs. Offering strategic business advice and strong financial management to SME's with a personalised touch, that helps you understand your numbers in simple language. Your in-house business partner who you can rely on and trust, available 24/7 when you want and for how long you want in a flexible, economical relationship - mobile to you, virtual or face to face, utlising cloud services so you know the status of your business in real time. Your Cloud-based Finance Operator (CFO)!
Solutions
Fat-free start-ups
You don't have to feed consultants too much in this cyber-age. It can be done online super fast without the hole in your pockets! Business structuring, selecting the right business entity, applying for business registrations, securing your intellectual property, tax planning - all done in the most economical manner - lean, simple, affordable. The online tools are all there and I offer effective, well planned, structural guidance and advice with your business's bigger picture in mind.
Business Planning
Most SME's fail as they don't have a business plan. I prepare you strategic business plan or lean business canvas model so you have clarity and discipline with your business objectives. It need not be an extensive document and can be as little as one page canvas. I customise your plan so it provides you with the greatest value and you can contribute and work on it together through my cloud-based software. Help visualise your dreams!
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Popular Q&A
How do I obtain government grants for my small business?
Hi Ananda, you will be surprised how many government grants are available (100's) at local, state and federal government levels that are currently being under-utilised. Also, corporates offers grants where they see your business contributing to...
What word do you use when searching on Google an Accountant?
It depends what you are seeking and for what purpose: "Bookkeeper" for record keeping, account processing, invoicing, payments, cash books, banking, administration, BAS preparation etc. More junior level finance & administration, not normally...
Does anyone have any tips on how I can save on tax?
Hi Ananda, It would help to know what business you are in and its size/turnover. Here's a few tips to get your mind ticking: 1. Keep your personal and business expenses separate. I recommend separate bank accounts and credit cards etc. Mix them...
How do I get my own domain name?
I use www.netregistry.com.au and they also run a cheaper subsidiary www.ziphosting.com.au if you just want the domain name reserved with some basic hosting (you will need hosting as well if you want your site to go live and set up email accounts)....
Is accounting software such as MYOB, Xero or Saasu an overkill?
Hi Robin, i think it is a basic requirement of any small business. without it how will you know how your business is performing at any given time, how will you invoice customers, how will you manage your cash, how will you protect your assets, how...
Does every small business need an accountant ?
Of course, SME's will struggle without one. 95% of SME's fail through lack of expertise, resources, skills and time in their business. You should be proactive in business and know how it is performing at any given time so you can make the most...
What are the tax implications for those starting a business while employed?
Employees are paid a salary or wage by a company and subject to PAYG tax withheld at tax rates depending on the salary level. The annual payment summary showing gross wages and PAYG tax paid is included in the employee's individual tax return. Their...
What is the difference between an accountant and a bookkeeper?
Bookkeepers are not qualified accountants but may have a business degree background or completed a bookkeeping course. They generally perform transactional-based processes such as accounts payable and receivable, bank reconciliations, some basic...
Do I really need an accountant for my small business?
Me! Your accountant is the most trusted source of information in a SME. I find that businesses that try and get by without one get into all sorts of a mess - admin chaos or inefficient, or lose sight of their business goals Fact: 99% of all...
What are the most popular SME accounting software?
Yes, I agree Saasu and Xero are the 2 leaders in the cloud-based accounting software market. MYOB was not built for cloud and was very successful prior with SME's but more expensive for software, support maintenance costs. It has released a cloud...
Is the cost to build an online store tax deductible?
Hi Nick, Put simply & generally speaking, all business related costs will become tax deductible at some point (either outright or depreciated/amortised over time), it comes down to the "timing" of when these costs will be tax...