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Are you managing your stock? And other news

Clear Vision • Oct 09, 2015

Do You Want Some Warm & Fuzzies?

Clear Vision in conjunction with Lifeline Toowoomba are raising money for a local Toowoomba family with their Back To School Supplies for 2016.

This local family have five children ranging from Year 12 to Prep and with the father severely injuring his arm and being unable to work life has gotten tough. Back to School time is expensive and with 5 school aged children the costs can easily run past $1000 when you start adding in shoes, uniforms, text books and backpacks.

We are asking our clients to create some “warm & fuzzy feelings” by helping us raise money for this family. You may notice at the bottom of our invoices is a new donation section, simply tick the box and write the amount you would like to help with.

Alternatively come and see Melissa at Reception for over the counter donations, or call us if you can help in other ways. We would love to hear from you!

Gossip…

Paul has recently come back from another holiday….. this man has more holidays than Tony Abbott is about to have! This time he went to Daydream Island with his family…lots of pool time and cocktails!

Justin went on the train to Spring Bluff for the Carnival of Flowers with his family. The gardens at Spring Bluff are looking amazing as usual and the tunnels provided lots of screaming entertainment for the kids!

Office of State Revenue Website Changes

The Office of State Revenue website has closed but the content can now be found on the Qld Government website. This move is to provide a one-stop shop for all government agencies.
All bookmarks to the OSR website you may already have saved will still redirect to the new web page, however if you wish to save the new website address below is the new link:
www.qld.gov.au/payrolltax. The new link for the Qld Land Tax to bookmark if used regularly is below:www.qld.gov.au/landtax
Financial Performance
As accountants and business advisors we often get asked by business owners how often they should be reviewing their financial performance.

While the answer will always be unique to the individual and business involved there is one thing we know for sure. Whether you spend a little time or a lot of time reviewing your financial performance you will always be better off than the business owner who does nothing!

Many business owners miss the opportunity for ongoing business improvement by failing to consider their financial performance other than at tax time.

That’s why Clear Vision has developed a dedicated, multi-level Financial Performance Monitoring Program to assist its business clients.

Drawing on your financial data, our business and accounting expertise and your knowledge of your business we offer three levels of performance monitoring and recommendations including:
1. Monthly Online/Email Review
2. Quarterly Face to Face
3. Monthly Face to Face
Contact Justin Searle to discuss which Financial Performance Monitoring level best suits your business.
Are You Managing Your Stock?

Anyone with stock in their business knows it’s a cash killer and also knows it’s critical to making money. Quite often it’s the biggest asset in the business and quite often it’s the hardest asset to sell when it’s time to sell the business. What are the issues?

Quite simply stock needs to managed. It’s the biggest asset in a business and when asked, under 5% of business have a formal stock management process. Biggest asset, biggest cash killer, no management =/ robust business practices. By working with Clear Vision Accountancy Group, we can help you develop and put in place an effective Stock Management Process. As part of this process, we can put in place Key Performance Indicators that allows you to manage your stock on a weekly basis (depending on your needs – sometimes monthly is more appropriate). The best part is, you take action much more quickly when business isn’t as effective as expected – that helps cashflow.

Embracing the Bright Side: Finding Joy in Everyday Moments

By Caroline Gillies • 07 Mar, 2024
In a world that often feels chaotic and uncertain, it's easy to get caught up in the hustle and bustle of life, forgetting to pause and appreciate the simple joys that surround us. But amidst the challenges and hardships, there is always a glimmer of light waiting to shine through the darkness. Today, let's embark on a journey to explore the uplifting and positive aspects of life, reminding ourselves of the beauty that exists in every moment. Gratitude: A Key to Happiness Gratitude is a powerful tool that can transform even the most mundane of days into something extraordinary. Take a moment each day to reflect on the things you're grateful for, whether it's the warmth of the sun on your face, the laughter of loved ones, or the beauty of nature. By shifting your focus to the blessings in your life, you'll find that joy naturally follows. Embracing Imperfection Life is messy, unpredictable, and imperfect – and that's what makes it beautiful. Instead of striving for perfection, embrace the flaws and quirks that make you unique. Celebrate your successes, no matter how small, and learn from your mistakes with grace and humility. Remember, it's okay to stumble along the way – it's all part of the journey. Finding Joy in the Little Things Happiness doesn't always come from grand gestures or monumental achievements. Often, it's the little things that bring the most joy – a kind word from a stranger, a hug from a friend, or a quiet moment spent watching the sunset. Pay attention to the small moments of beauty and wonder that pepper your day, and you'll find that happiness is never far away. Spreading Kindness and Love In a world that can sometimes feel cold and indifferent, kindness is like a ray of sunshine breaking through the clouds. Make it a priority to spread love and positivity wherever you go, whether it's through a simple act of kindness or a heartfelt compliment. By lifting others up, you'll find that you lift yourself up in the process. Cultivating Inner Peace True happiness comes from within, rooted in a sense of peace and contentment that transcends external circumstances. Take time each day to nourish your mind, body, and spirit – whether through meditation, mindfulness, or simply taking a walk in nature. Cultivate a sense of inner peace that will sustain you through life's ups and downs, allowing you to navigate challenges with grace and resilience. Embrace the Journey Life is a journey filled with twists and turns, highs and lows, but it's also a journey filled with beauty, wonder, and endless possibilities. By embracing the bright side of life, finding joy in everyday moments, and spreading love and kindness wherever we go, we can create a world that is a little brighter, a little kinder, and a little more beautiful for us all. So let's embark on this journey together, with open hearts and open minds, ready to embrace all that life has to offer.

Boosting Your Superannuation: Seven Powerful Strategies

By Caroline Gillies • 22 Feb, 2024
Boosting Your Superannuation: Seven Powerful Strategies

Changes to Company details and ASIC – How to avoid a fee

By Caroline Gillies • 19 Oct, 2023
When it comes to being a Director of a company, there are administrative requirements that must be complied with, including keeping ASIC in the loop. We all hate paying unnecessary fees, and ASIC loves to charge fees. To avoid late fees, ASIC must be told about any changes to company details, including your business or residential address, within 28 days. If your company's information changes, please let us know so we can notify ASIC on your behalf. Example: Jarryd gets a late fee Jarryd recently moved his company to a new storefront. In the rush of changing to his new principal place of business, he forgot to update his address details with ASIC. A month later, Jarryd logged into his online account to change his address to reflect the address of his new principal place of business. Because it was outside the 28 day timeframe, the company was charged a $93 late fee. If he had waited longer and lodged the change of address more than a month late, the company would have been charged a $387 late fee. To avoid fees in the future, Jarryd realises it's important to update his details as soon as they change. In summary, be like Jarryd and realise the importance of advising Clear Vision Accountancy Group of any changes. Example supplied by ASIC
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