Improving Your Business
We are unlike most accounting firms, in that we focus on advising on the financial growth and development of your small business, when we prepare your yearly financial statements and tax return.
That is why we say our firm is:
“More than Tax Accountants”
Yearly Financial Summary
This service forms part of your yearly fee to complete your business tax returns.
We provide in Chart Form, the performance of your business key financial indicators over a number of years. The key performance indicators, normally include:
- Gross Income
- Gross Profit
- Gross Profit Percentage
- Top Six Overheads
- Owner’s Profit
- Owner’s Profit Percentage
Comparison is made to industry benchmarks where relevant.
Our firm, a number of years ago, undertook a research study into the Owner’s Profit Percentage in a number of similar industries. We found that most small business’s fall into three distinct categories:
- Retail (Owner’s Profit of between 10 to 15%)
- Trades and Manufacturing (Owner’s Profit of between 20 to 30%)
- Service and Professionals (Owner’s Profit of between 30% and 50%)
This information has greatly helped us assist in improving the profit performance of many small businesses, irrespective of the industry they were in. Therefore, as a result of this study, we are very confident we can provide very good financial management advice to the majority of small businesses.
Example of our Yearly Financial Summaries.
We have chosen a retail business, Florist.
Click HERE to view the PDF of the Yearly Financial Summary
Information Sheets
We enclose information sheets that will assist and educate you on improving the key financial performance indicators of your business:
- What is a Breakeven Point and should you know what your Breakeven Point is?
- Gross Profit and Tables – a quick reference guide
- Cash Flow and Financial Management Issues when you start a Small Business
- Why is Gross Profit important for Small Business?
- Improve Your Understanding of the Balance Sheet
- Improve Your Understanding of the Profit & Loss Statement
- Where Your Profits have been Spent!