If your business could get more out of your numbers, you would have more time to do what you do best, you’d increase your profits and set yourself up for the future.

Stock levels, profit margins, overheads, sales projections – the numbers side of things is what Baker Taylor is best at.

We talk about 5 key concepts: cash flow, working capital timeline, profit v cash, quick ratios and the power of one.

If you can get on top of these concepts, your numbers will start working for you almost immediately.

It’s important to remember that one of your business partners is the Australian Taxation Office. You need to give them a share of your profits regularly.

Our job is to ensure that the tax you pay is fair – you don’t want to be giving the ATO more than you should. You also don’t want to be breaking the law.

Fortunately, there are many ways to reduce the ATO’s share of your profits, through a combination of common sense and a thorough understanding of the law.

Baker Taylor has an orderly planned approach to tax minimisation.

Caught up in the day-to-day bustle that is running your business, it can be easy to lose sight of some of the challenges you are going to face down the road.

This is why it’s so important to instill regular planning and strategy sessions into your business practices, and starting taking steps today to prepare yourself for not only where you want to be, but also some of the potential threats to your success.

Dealing with an issue when it’s right on top of you is asking for stress, trouble, and expenses that you might not be able to afford.

Future proofing your assets, preparing for retirement and minimising risks are all things we need to start thinking about now.