Just how important is the right accountant to the success of a small business in Australia?

Consider this: In a recent survey of nearly 400 small business owners, accountants were judged to be more important to the success of their firms than any other professional service provider. Accountants ranked higher than attorneys, bankers, insurance agents and technology and staffing consultants.

The demands that companies in the early growth stage place on key personnel are often overwhelming. Developing a more systematic approach and incorporating time management techniques can help ease this burden, while making business operations more efficient and effective.

Research has shown that our most profound regrets are things we fail to do, rather than things we've done that quite don't work out. For example, we might regret that we didn't learn a new language, become more physically fit or take a dream vacation.

Stay up-to-date with tax changes in Australia affecting small businesses. Covered in this update is information regarding tax deductions, how to define workers in the gig economy and recent information about tax on shares.

There is a common denominator shared between unsuccessful enterprises: Failure to create and implement effective and repeatable business processes. These systems are a critical aspect of any professionalised business, as they greatly enhance efficiency and productivity while also radically improving the client, partner and employee experience. 

Unfortunately for many small business owners, enjoying the holidays with friends and family is all but impossible. Instead of basking in the spirit of the season, they are terrified at the prospect of taking time off -- afraid that detaching from their business for any significant length of time will leave them in a precarious financial position.