Accounting

Is it time for you to get a business budget? Budgeting might sound irrelevant to you if your business is performing reasonably well financially, you are making payments when needed, up to date with BAS and hitting all your obligations. However, we’re here to tell you that getting a business budget for the New Year […]

The QLD Government has established a new round of funding providing small business owners access to professional advice and support. You can receive matched funding up to $5000 (ex GST) to engage us for up to 3 months to help establish or develop your business. Are you eligible? have a business name registered within the […]

So what’s your Profit Margin..? Do you know… Should you know…? The straight answer is YES. You definitely should, most importantly so you know how much you need to sell to hit your goals. Knowing whether you’re making money is important right? We think so! So here’s all you need to know on your profit […]

When planning your next business promotion or sales tactic, discounting may be an easy campaign to implement. It doesn’t take much thought, offers your client perceived value and may allow you to drum up some new business quickly if you are in a slum. While discounting is commonplace, it actually isn’t really doing your business […]

The advancements in technology coupled with our ever strengthening infrastructure has given us something like never before; the cloud environment. With this comes unprecedented levels of innovation and the business landscape has changed more than it has in the last 5 years than it has in the last 20. Of particular note, our complex society […]

Paying tax is about as high on a lot of our priority lists as routine dental checks and doing our washing. We know it needs to be done, however, we like to put it off until we’re nearly clothesless and full of cavities… Pairing this with trying to keep up with new rules and regulations […]

A common problem within small business is cash-flow. Whether you’re in the trade industry, professional services industry, manufacturing or transport, it doesn’t matter what you do, there is a good chance your business could run into issues with cash-flow at some stage in its lifetime. A lot of the time you could be doing everything […]

‘It’s nearly end of the financial year again and I’m not where I said I wanted to be’… Does this sound familiar? It’s easy to say we want to reach a certain goal or hit a certain target in our business, it’s another thing to plan it, implement it and stay accountable. Staying where it’s […]

What makes a great accountant? Empire Accountants – Now Servicing the Gold Coast Recently, we’ve had 3 new clients come to us that all share a common problem. They have been fined and penalised by the ATO for late lodgement of BAS returns, due to their previous accountant not completing and lodging their BAS on […]

Spending $1000’s on getting your own Client Relationship Management (CRM) software developed isn’t generally necessary for small business needs and there are so many different platforms available today that finding a CRM suitable for your business should be fairly simple… right? We have found that this isn’t always the case, and maybe it is because […]

Partners, COI’s, alliances, business bud’s, fellow crazy people… Whatever you want to call them, one thing is for sure, having friends in business is crucial for growth and development. 5 Reasons why business alliances are so important 1.Referrals There isn’t a cheaper, better qualified lead than a referral from a trusted friend or partner. A study […]

For those of you that haven’t met the newest addition to the team yet, we thought we would create a little introduction for you to get to know him better! Leonard became the newest member of The Empire team in July, right before we moved to our new premises. Leonard is an EXCELLENT accountant that probably […]

As technology keeps developing and more and more people move to cloud based software in their business, more choices are available for CRM, quoting, accounting and workflow management systems. Meaning we as business owners are left to make the choices of what will work most effectively for our business. Now unfortunately when it comes to these […]

Want to grow your business this new financial year?  

What are the reasons you are in business? Is it to work for yourself, have more freedom (HA!) or because you love what you do and know you’re the best at it? Whatever your reason may be, at the end of the day to continue doing what you love doing or being your own boss […]

Marketing is not solely promoting a product or service, creatively communicating your brand or looking after your customers. It is a mixture of everything your business stands for and how it operates, and a big part of that is your numbers. Knowing your business numbers such as turnover, profit margin and average dollar sale are […]

But what do the numbers ACTUALLY mean? An Accountants greatest tool in their toolbox is the numbers. Our profession is based on compiling transactions, by following a set of rules, which gives us a report that tells us a very important story. Our schooling is based on understanding this concept and then applying it to […]

Accountants aren’t usually considered the most colourful of folk. The wallflower of the finance world, it’s easy to think we’re all number crunchers and spreadsheet lovers who let their hair down but once a year, sometime past June; who spend too much time face-to-face with your money and your paper work and not enough face-to-face […]

Starting a business? Let’s talk Cash flow. One of the most important tools when starting out in business is a cash flow forecast. Staying close to your business numbers especially in the early days is vital. So what is a cash flow forecast? Generally speaking, a cash flow forecast is a financial tool that predicts […]