GPK Partners

Weathering the storm? Small businesses are particularly vulnerable in tough economic times. We can help with strategies for healthy cash flow, so you can continue to thrive. #smallbusiness

DIY accounting might sound like a good economy, but investing in an accountant could be the best financial decision you make as a business owner. #businessadvice #SmallBusiness #accounting

When time really is money, it’s worth finding ways to reduce tedious and repetitive admin tasks – and better tech is usually the answer. Ready to automate jobs, digitise data and free up time? We can help.

Bank reconciliations ensure the accuracy of your organisation's financial statements and helps maintain financial integrity. Get into the habit of doing it often. Putting it off can mean bad things for your business records! #SmallBusiness #banking

Tax time is right around the corner – make sure you have your receipts ready! 👀👀 If you’re planning to claim deductions for work-related expenses, you must have records. In most cases, a bank or credit card statement (on its own) is not enough evidence to support a claim. You’ll need receipts, and in some cases, other evidence such as a logbook (for car expenses) and a record of your work hours (if you work from home).

Are you making any of these accounting mistakes? We’ve outlined the top 5 accounting pitfalls that small business owners trip over, so you don’t have to make the same mistakes #businessadvice #SmallBusiness #accounting

The end of the financial year is fast approaching and now is a great time to review your current position, plan for the end-of- year tax obligations and reflect on what will you do differently this year to enable your business to thrive. Conducting a past-year review with our experienced accountants will provide valuable insights for this year's goal-setting. We can help. Get in touch today. #businessstrategy

🔎 Deductions reduce your taxable income (which reduces the amount of tax you need to pay). 👉 They are not an automatic refund. For example – Edward earns a total of $60K for the 2023-24 income year. Because he’s kept on top of his records, he’s able to claim a total of $1,000 in deductions in his tax return. This means the tax he owes is based on his income being $59K, rather than $60K. But remember, you must have spent the money and weren’t reimbursed, the expenses must directly relate to earning your income, and you must have records to support your claims.

Bookkeeping doesn't need to be a long drawn-out mundane task of operating a business. We’ve got some top hacks for maximising your bookkeeping, and the options for outsourcing this job to the professionals. #SmallBiz #SMB #accounting #bookkeeping

Customers like it when brands are funny. But are you doing enough to use humour in your company’s marketing? Here are some top hacks for being funny as a marketer while maintaining professionalism. #businessadvice #SmallBusiness #SmallBiz #SMB #marketing #humour #funny