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With the cleaning industry being such a competitive environment where landing a successful contract can all but sqeeze out high profits it’s even more important to run a tight financial ship.
Big and small cleaning services companies also need to adhere to established standards for cleaning systems, for chemicals, products and machinery manufacture, training and auditing standards. They have all been specifically developed for particular needs, and they just don’t fit into one basket and can cause a nightmare for your budget, if not managed carefully.
Then you’re managing contractors and staff, and a myriad of other things required to liaise with client companies and staff supervisors can make for a very long day indeed.
Like any other business owner, a cleaner also needs to keep up with their accounting, bookkeeping and administration duties to run a successful business. You need to have the cashflow to pay your providers, workers and contractors and meet all other financial obligations… and if you don’t have your financial house in order, you may inadvertently run into trouble.
While GST, BAS and tax payments often represent some of the largest financial obligations for cleaning companies, many end up paying too much tax and may even incur fines for non-compliance.
Your business needs solid foundations, just like a building. There could be nooks and crannys that require special attention during the building or renovation process. However, mostly you can use standard practices to get a building up to scratch again, and so it is with running a business.
Here at Straight Talk Accounting & Tax, we have created simple processes to help air conditioner installer tradies not just to manage their tax obligations. We specialise in making it easy for air conditioner installers to manage their cashflow, estimates and invoicing to maximise their profits and build their business.
When you follow our processes step-by-step, you’ll also find that you will free up time by establishing accounting and job management systems you can use ‘on-the-go’ that allow you to make use of idle time you have on most days when you’re travelling to and from jobs, waiting at the counter to be served, for the client to get there for inspection before you can move on.
We also help you pick the right accounting software that matches your business needs and bookkeeping skills. Poor record keeping of financial transactions is one of the biggest spanners in the works of keeping your business profitable and reducing your tax obligations. That’s why we take it even one step further and actually teach you how to use the accounting or bookkeeping software.
That’s not all we do, we also provide strategic advice and practical business solutions that could give you a serious competitive advantage in your industry. If you want to boost your profits to build your business we can offer you the experience, technical tax knowledge and most importantly, an intimate understanding of the air conditioner industry to help you establish and work with your numbers while minimising risk and reducing your tax burden.
Together we can work through best and worst case scenarios of your business profitability and look at your 5 critical business numbers that show where your business is at. This will show you what works and what is not profitable in your business right now. Armed with this solid information, you will then be able to make sensible business decisions based on real data, rather than making a stab in the dark. If you want to take it one step further, we can also help you benchmark your business against your competition and chart a course for you to grow your business safely with minimal risk.
The list below will give you an overview of the range of accounting, taxation and business advice services we can provide:
In business, numbers always do the talking, but you have to know how to interpret them and how and where to obtain them in the first place. However, numbers alone don’t give the full picture. You have your aspirations and responsibilities as a person or head of the family, life is what happens in and around business. We know that the air conditioner industry has inherent risks and it is important to look at how you can address them, be that through creating the proper business structure or putting in place the strategies required to protect your assets.
If you are concerned about working out how you can put a dollar away for a rainy day, then we can help you with that, too. We have a team of trusted experts in the areas of financing, insurance, financial planning, Self-Managed Superannuation Funds, mortgage brokers, and legal advice that we can call on if you need it.
To fast track the success of your air conditioner installer business and leave your competitors behind, contact us today. We’ll get back to you promptly to start the conversation.
If you want more and get a taste before you commit, we are offering a FREE ‘Tax Review and Profit Booster Session’. This is a one-on-one 60 minute consultation where we look at your last 3 years of tax returns and identify strategies you can run with immediately to make a start in the right direction.
To arrange your FREE session, please call us on (07) 3399 8844 and book your complimentary consultation with Straight Talk Accounting & Tax or click on the link at the top of this page to schedule a 30-minute meeting.
