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Latest News2023-04-05T12:08:29+10:00

Strategies and Best Practices for Improving Cash Flow in Construction and Manufacturing Businesses

Maintaining a healthy cash flow is crucial for the success and sustainability of any business, particularly in the construction and manufacturing industries. These sectors often face unique challenges that can impact cash flow, such as project-based billing, inventory management, and supplier payment terms. If you operate in the construction or manufacturing space and are looking [...]

By |August 8th, 2023|Categories: Business Management, Financial Planning|

Safeguarding Your Success: Asset Protection Strategies for Medical Professionals

As a medical professional, you dedicate your career to providing quality care and saving lives. However, it's also important you remain mindful of protecting your hard-earned assets. Asset protection is a crucial aspect of planning for all those in business, but is particularly important for those who work in the medical industry. By implementing effective [...]

By |July 26th, 2023|Categories: Business Management, Financial Planning|

Financial Reporting: Understanding Stock and Work in Progress in Construction and Manufacturing

When it comes to running a business, accurate financial reporting is important. But for construction and manufacturing companies, it's even more essential. Businesses within these industries face their own unique set of challenges, like dealing with stock and work-in-progress (WIP) for projects, which often become major headaches if you’re not on top of your financial [...]

By |July 19th, 2023|Categories: Building & Construction, Business Management, Financial Planning, General News|

6 Changes to Your Business & Personal Tax Returns From July 1st

Are you ready for tax season? Well, whether you're excited or dreading it, there are some important changes coming to the Australian tax system on July 1st, 2023. These changes could have a significant impact on your bottom line, so it's important to be aware of them. To help you get more clarity on what [...]

By |June 29th, 2023|Categories: Business Management, Financial Planning, General News, Tax Saving|

5 Ways to Boost Productivity in your Manufacturing Business

For many Australian businesses, we understand how challenging it can be to navigate the tough conditions in today's manufacturing sector. Rising input costs and constant downward pricing pressures can really put a strain on a business. While it's important to focus on increasing sales, there are other strategies that can have an immediate impact on your [...]

By |May 29th, 2023|Categories: Business Management, Financial Planning|

5 Most Common Tax Mistakes & How to Avoid Them

As a small business owner, you deal with a multitude of obstacles. Throw taxes into the mix, and it can be a minefield trying to navigate in conjunction with your everyday business activities. We understand it’s not easy and sometimes mistakes are made, which can be costly for you and may also put you on [...]

By |May 18th, 2023|Categories: Business Management, Financial Planning, Tax Saving|

5 Minutes With… Christian Foster

Christian began his accounting journey at Hoffman Kelly in January 2021, where he initially worked for four days a week while finishing his degree.  Progressing to a full-time role after his studies is a significant milestone that demonstrates Christian's hard work, dedication, and value to the Hoffman Kelly team. We sat down with Christian to [...]

By |April 24th, 2023|Categories: 5 Minutes with.......|

Tax Time Strategies with Hoffman Kelly

As a small business owner, you know managing finances is crucial to the success of your business. However, when it comes to tax planning, it's easy to feel overwhelmed and unsure of where to start. With the end of the financial year fast approaching, don’t leave it too late to get on top of your [...]

By |April 20th, 2023|Categories: Business Management, Financial Planning, Tax Saving|

6 Steps to Drive Profitability in the Construction Space

Construction industry businesses, this article is for you! Whether you're a master of residential or commercial projects, or specialise in plumbing, plastering or pool installations, don't miss out on these essential pointers.  One of the biggest challenges you’ll encounter as a business owner is maintaining steady profitability. It may seem daunting, but there's a simple [...]

By |April 11th, 2023|Categories: Building & Construction, Business Management, Financial Planning|
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