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Blog » February 2017

February 2017

Do you cringe when an employee says – how can I Salary Package my wages?

I had the great pleasure of hearing Paul Mather from FBT Solutions talk on all things FBT and the one area that still causes a lot of confusion for me is Salary Sacrificing.  I asked Paul if he would write an easy to understand blog for Uniting Bookkeepers..

In this blog, Paul looks at creating the win- win situation for employers and their employees through understanding, policy and compliance

With grateful thanks from Uniting Bookkeepers here is the blog from Paul Mather ......................................................................

Based on our experience, there are three key components to ensure a successful Salary Packaging Offering.

  • Employer
  • Employee
  • Fringe Benefits Tax
Posted: 21/02/2017 6:52:01 PM by Julie Ferguson | with 0 comments

Business Coaching, Mentoring or Mastermind groups – What, Who, Where, When and Why!

Everyone I know who has had success in business and life has had a mentor or coach at some point.  It comes with the territory of transitioning through sabotage patterns, dealing with negative self-talk and not knowing how to take the next step.

Business stability and growth comes from basic five pillars:

  • The Business Plan
  • The Marketing Strategy
  • The Business Management System
  • Motivation
  • Accountability

If coaching or mentoring is something that you have been toying with then you almost certainly will have one or more of these pain points happening:

  • Need more time
  • Need more responsive clients
  • Need more accurate and productive staff
  • Need less stress, and/or
  • Need more profit with less effort. 
Posted: 10/02/2017 11:33:16 AM by Julie Ferguson | with 0 comments

KPIs - why they need to be both carefully designed and carefully implemented

As bookkeepers I’m sure you’re well aware of the value Key Performance Indicators can play in monitoring and driving desirable activity.  If not I strongly suggest you become familiar with the concept of KPIs – a great start is the extensive list of KPIs attached to this blog.

And don’t feel daunted by the options.  Start by picking a maximum of 5 of the more commonly used KPIs as separately shown at the beginning of the document.  Once you are familiar with them you can start considering getting in to more and more detail – remember the ultimate aim is for you to be providing your clients with the critical information they need to make better decision.

Well constructed KPIs provide business owners & managers a lot more detail than just a simple reconciled P&L or Balance Sheet.

Posted: 2/02/2017 10:04:05 AM by Julie Ferguson | with 1 comments

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