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The Cash Flow Reality Check: Are You Prepared for What’s Coming?

Walk through any shopping strip in Australia right now and you’ll see it. Empty shops. Quiet cafes. Even the petrol station attendants are checking twice when you hand over your card, bracing for that awkward “declined” moment. If you’re a business owner feeling the squeeze, you’re not imagining things. Your customers are tightening their belts, […]

3 October 2025

Resources

The Overlooked Role of a Financial Adviser

For most business owners, your business is not just your job; it’s your primary source of income and long-term wealth creation. And it demands a lot from you. Your business finances live in one world, managed with the help of your accountant, who keeps you on track with growth, cash flow, and compliance. But what […]

31 July 2025

The Business Owner’s Guide to Using Your Super to Buy Property

You’ve probably heard it before: “You can’t borrow money inside superannuation.” It’s one of those financial myths that keeps doing the rounds, stopping business owners from exploring what could be a game-changing strategy for their future. Here’s the truth: You absolutely can use your super to buy property, and you can even borrow to do […]

29 July 2025

How To Know When You’ve Outgrown Your Accountant

Running a business is challenging enough without having to chase your accountant for answers. Yet for many growing businesses, this scenario becomes all too familiar. The question isn’t whether you need accounting support; it’s whether your current accountant can keep pace with your ambitions. So, how do you know when it’s time to make a […]

24 June 2025

What Does a Business Coach Do? We Asked Mick Denehey to Explain

What’s the difference between a business coach, a business advisor, and an accountant? That’s a question Collins SBA’s own business coach, Mick Denehey, sat down to discuss. It can be lonely at the top. That’s one of the things we hear most often when we sit down with our clients. That’s especially the case for […]

21 May 2025

News

Media Release: Collins SBA Announces Strategic Partnership

From Left: Scott Atkins (Acumon), Andrew Pearce (Collins SBA), Christian Tapp (Acumon) and Jono Elliot (Collins SBA) and Luna in a cone. FOR IMMEDIATE RELEASE Hobart, TAS – 09 October 2024 – Collins SBA, a leading provider of financial services based in Hobart, Tasmania, is excited to announce a strategic partnership with Acumon, an accounting […]

8 October 2024

News

What brings you joy? Childhood Records to Master Athletics.

Image Source: Cathy McKeown At Collins SBA we are committed to helping Australian business owners to live their best life. We are very proud of our own Cathy McKeown who inspires us everyday with her own best life! For many of us, childhood passions fade into memories as life takes over. But sometimes, a spark […]

4 October 2024

Collins SBA Announces Strategic Partnership to Launch an Innovative Shared Services Centre.

From Left: Scott Atkins (Acumon), Andrew Pearce (Collins SBA), Christian Tapp (Acumon) and Jono Elliott (Collins SBA) and Luna in a cone. At Collins SBA, we believe that the best service comes from understanding the real needs of our clients. For Christian Tapp and Scott Atkins, Founders of Acumon, this meant stepping back from the day-to-day […]

1 October 2024

Points of Interest for Business Owners – Treasurer’s Budget Speech 2024-25

Summary of the 2024-25 Tasmania’s Treasurer’s Budget. Cost of Living Relief for Small Businesses: — $300 power bill credit for small businesses, lowering immediate costs. — The Small Business Energy Audit Program ($1.8 million) helps reduce long-term energy costs, improving operating efficiency. Why care?: Direct financial support and long-term savings increase profitability and reduce operating […]

12 September 2024

3 Inspiring Ways to Create a Valuable Culture in Your Business

Many factors drive the value of your business, but perhaps the most important is how your business would perform without you. To get your business to flourish when you’re not around, you need owner-like effort from your team. Inspiring owner-like effort comes from cultivating a vibrant culture inside your business. Here are three ways to […]

29 July 2024

Just Add Capital: Preparing Your Business For Investment

If you are looking to attract an investor or an acquirer one day, expect them to dig into your sales and marketing process. If your business sells to other businesses, an investor will want to know where you get your leads from and how much each costs to generate. They’ll want to know what technology […]

18 July 2024

How First Impressions Can Impact Your Business Value

When potential acquirers first evaluate your business, most will quickly categorise into a specific industry. This initial classification can significantly impact the value they place on your business. Some industries are inherently perceived as more valuable than others, and if your business is placed in a less favorable category, it can be challenging to change […]

18 July 2024

Embrace Change: Organise your life and business

It’s crucial to take stock of what’s shifting, what’s about to shift and what you want to shift in your life or business. Whether you’re planning for a major milestone like buying your first home, investing in property, navigating a divorce, caring for aging parents, sending your kids to university or welcoming a new child […]

14 July 2024

Growth V’s Value in Business

We live in a business world where growth is worshipped. Entrepreneurs measure themselves by how many people they employ and dream about making lists whose sole criteria is revenue growth. However, if your endgame is to sell your business to a strategic acquirer one day, indiscriminate revenue growth may not result in a commensurate spike […]

12 July 2024

Strong Protection Against Superannuation Scams Needed

Superannuation fraud has become a critical issue, as illustrated by the experience of Lee Braz, who lost his life savings to sophisticated scammers. This alarming trend underscores the urgent need for enhanced security measures to protect consumers as reported by Michael Atkin, National Consumer Affairs Reporter, ABC News. Lee Braz, in his 50s, was diligent […]

1 July 2024

Estate Planning for Every Stage of Life

Estate planning is often associated with the end of life, but it is, in reality, a crucial process that spans every stage of life. From young adults starting their careers to retirees enjoying their golden years, having a comprehensive estate plan ensures that your assets are protected, your wishes are honored, and your legacy is […]

1 July 2024

A Guide to Personal and Business Risk Planning

Uncertainty is a constant. Whether it’s economic shifts, health concerns, or unexpected life events, the unpredictability of the future underscores the importance of risk planning. Risk planning is not about fearing the future; it’s about being prepared for it. By strategically managing risks, both personal and business, you can safeguard your financial stability and peace […]

1 July 2024

Kickstart Your Financial Year: Top 3 Tips for Success

As we embark on a new financial year, it’s the perfect time to reassess and plan for the year ahead. Whether you’re an individual looking to optimise your finances or a business owner aiming to drive growth, these three key areas deserve your attention. 1. Set Clear Financial Goals For Individuals: Define what you want to […]

1 July 2024

The Balancing Act: Inactive Superannuation Funds and Cancelled Insurance

In 2019, Australian Government launched Protecting Your Superannuation Package (PYSP). The goal was to shield your balance from being nibbled away by insurance costs. So what does this mean and what actions can you take? >> Inactivity Alert The PYSP prevents insurance cover for inactive super accounts – those that haven’t seen a contribution or […]

13 May 2024

Jess has a deep-seated ethos of giving back!

Jessica Roberts hails from Colebrook, a rural town in the Southern Midlands in the central region of Tasmania. Colebrook has a population of approximately 300 people. And it’s Jessica’s (Jess) commitment to volunteering, which spans over a decade that reflects a deep-seated ethos of giving back in the wider community. Over the past few years, she […]

13 May 2024

How your financial planner will support you and your loved ones.

As we navigate life’s milestones, including retirement and estate planning, it’s crucial to understand how financial advisers can support us and our loved ones. Here’s a breakdown of key insights from a recent article published on Professional Planner that sheds light on how financial planning can benefit you and your family. Compassionate Support: Financial advisers are not […]

22 April 2024

What is the magic number you will need to retire with?

Retirement planning can seem like a puzzle with pieces that don’t always fit. According to a recent report from Colonial First State (CFS), the average Australian believes they need a hefty $1.6 million saved up for a comfortable retirement. Kelly Power, the Chief Executive of CFS Superannuation finds this figure surprising, especially since it jumps […]

22 April 2024

Failing to have a director identification number: ASIC brings first action

The Australian Securities and Investments Commission (ASIC) has taken significant step in enforcing director compliance. Although the facts of this matter are not public this action acts as a stark reminder that all company directors, including the directors of a special purpose company that acts as the trustees of an SMSF, must have a director […]

5 April 2024

Build your resilience and adaptability muscles!

Change is the only constant! And yet our ability to navigate through it with resilience and adaptability is constantly challenged. Resilience isn’t just about bouncing back it’s also about bouncing forward, stronger and more capable than ever before. Here are 3 steps to to think about and practice in 2024 . . . Embrace a […]

13 March 2024

Tax Compliance: Minimise and Maximise

Tax compliance is not just about meeting deadlines. It’s about ensuring your business adheres to regulations while maximising efficiency. The fear of inadvertently missing deadlines, misinterpreting laws and facing penalties can keep you on the edge! Anxious days and nights? Imagine the stress of managing your business while juggling tax responsibilities. Am I taking advantage […]

13 March 2024

The Beginners Guide to Insurance Planning.

Getting organised before the end of the financial year isn’t just about number crunching. This is an opportunity to secure your business and loved ones against unforeseen circumstances. By reviewing, assessing, and choosing the right insurance policies and providers, you’re not just protecting your business and your family but also setting a foundation for future […]

13 March 2024

Cash Flow Management: The Heartbeat of Your Business

Picture cash flow management as the lifeline that keeps your business thriving, enabling day-to-day operations and fueling growth. Yet for many business owners, managing cash flow can feel like navigating turbulent waters, causing restless nights and endless worries. The Sleepless Nights Picture this: You’ve landed a big client, but they pay on a 60-day term. […]

13 March 2024

From Shame to Spirits Soaring: Tom’s Distillery Takes Flight

Tom* is a man with passion for whisky and a nose for the perfect blend. He has poured his heart and soul into his small-batch distillery named “Distell the Truth.” The reality of running a business wasn’t as smooth as his whisky. The books were a mess, expenses were spiraling and Tom felt increasingly overwhelmed […]

13 March 2024

Shame-Free Leadership: Navigating People Challenges with Confidence

Leaders are often expected to be invincible, to have all the answers and to navigate even the most complex people challenges with unyielding confidence. But the reality is, leading people is messy and fraught with difficulties. We encounter conflicts, miscommunications, and situations that leave us feeling overwhelmed and unsure. This is where the often-unwelcome emotion […]

13 March 2024

One Hidden Thing That Drives Your Company’s Value

You already know that your company’s revenue and profits play a big role in how much your business is worth. Do you also know the role cash flow plays in your valuation? Cash v’s Profits Cash flow is different than profits in that it measures the cash coming in and out of your business rather […]

13 March 2024

Safeguarding Your Business and Loved Ones: The Crucial Link Between Financial Wellness and Protection

The pursuit of financial wellness isn’t just about thriving in the market; it’s also about ensuring the security of your business and the welfare of those closet to you. Financial wellness isn’t a standalone concept; it intertwines with the protection and stability of your business and your loved ones. Understanding the Synergy. The core dimensions […]

13 March 2024

The Confidence-Productivity Loop: 3 ways to practice

Confidence is a force that can propel success. The Confidence-Productivity Loop is a phenomenon where a leader’s assurance not only enhances their own performance but can create a ripple effect throughout an entire business. The Impact of Confidence on Productivity. Confidence isn’t just a personal attribute; it’s a catalyst for productivity for an entire team. […]

13 March 2024

The surprisingly simple ways to integrate wellness into your business strategy

The pursuit of success often consumes every waking moment of a business owners life! The bottom line, customer satisfaction, and growth targets become the focal points, while personal wellbeing takes a backseat. However, a paradigm shift is underway, recognising that a focus on wellbeing isn’t just a personal endeavour but a crucial business strategy. Dr. […]

3 March 2024

Three alternatives to New Years Resolutions you can try in 2024.

Traditionally the arrival of a new year was accompanied by a flurry of resolutions – bold declarations of change, a promise to overhaul bad habits and a commitment to big aspirational goals. But what if the approach could be a little different? Here are 3 alternatives to think about . . . Themes. Instead of […]

7 January 2024

25% of business owners log over 60 hours per week: the grind and mindset

Talk to any business owner and you will notice many common threads. Entrepreneurs who prefer to learn by trial and error – and by getting their hands dirty. Entrepreneur Magazine suggests that 25% of all business owners log over 60 hours of work a week. Yet, in the ever-evolving landscape of business, the wisdom lies […]

22 November 2023

Setting realistic expectations: walking a tightrope & juggling pine cones?

The Christmas period can come with weighty loads of expectations – business milestones, family gatherings and personal goals to fulfill. For business owners balancing these expectations, it can feel like walking a tightrope while you are juggling pine cones. The pressure to balance personal and professional expectations can be overwhelming. The myth of perfection. It’s […]

15 November 2023

Navigating the Christmas Rush: Tips for Business Owners

And so begins the festivity and excitement of this time of year! For business owners it often comes with a surge of pressures. Balancing the joyful spirit of Christmas with the demands of running a business can be overwhelming. Do you have strategies in place to help you navigate this busy time while maintaining your […]

14 November 2023

TAM and Targets: Marketing plans for small to medium size businesses

Are you thinking or planning about your 2024 marketing plans? Terms like Total Addressable Market (or TAM) and Target Market may surface in your planning and you could be tempted to use them interchangeably. However, your TAM and your target market are related but slightly different. Your TAM is an estimate of the total size […]

13 November 2023

Introduction to 3-way forecast and budgeting for business owners

The ability to navigate financial challenges is a skill that sets successful business owners apart. Check out this intro to 3-way forecast and budgeting and how it can help sustainable growth and stability. Let’s take a swing at explaining further using a golf analogy: Teeing off: The scorecard or your profit and loss statement. […]

13 November 2023

5 practical ways to make an impact: for teams in small to medium businesses

This is a great time of year to start ‘giving and receiving’ and making a positive impact in the community. Five practical ideas to get your inspiration flowing! 1. Partner with a local charity or nonprofit organisation that aligns with your business values and mission. Whether it’s providing meals, collecting toys or contributing to a […]

9 November 2023

The Importance of Financial Literacy for Small to Medium Business Owners

Running a small to medium sized business can be exciting and challenging! Founders and owners must juggle various responsibilities, make critical decisions and navigate the complexity of finances. Financial literacy is a crucial skill that can significantly impact the success and sustainability of a business. Better Decision Making Financial literacy empowers business owners with the […]

8 November 2023

Navigating your financial journey: How a financial planner prioritises goals and develops a winning strategy

When our clients ask ‘how will you help me prioritise my financial goals and develop a plan to achieve them?” We know they are seeking assurance that we have a structured approach to addressing their financial needs. Our goal is to empower you to take control of your financial future and make informed choices and […]

27 October 2023

Empowering your financial future: How a Financial Planner can help achieve your life and financial goals

As a financial planner and adviser the question “can you help achieve my life and financial goals?” is both pivotal and profound. It reflects a client’s desire for a secure and fulfilling future, and it’s a testament to their recognition of the importance of professional guidance. Helping someone achieve their life and financial goals is […]

27 October 2023

One overlooked metric that could transform your company’s value

You know gross margin impacts your profit, but have you considered the impact it has on the value of your company? When assessing your company’s value, acquirers and investors will often scrutinise your gross profit margin. Gross profit margin is the difference between a company’s revenue and its cost of goods sold. In other words, […]

24 October 2023

Sustainable gift inspiration & ideas for family, friends and team members!

Are you keen to show your appreciation to family, friends and team members and contribute to a more environmentally friendly community? Sustainable gift ideas to kick start your inspiration for Christmas this year! 1. Reusable Water Bottles: Although not a new idea, high-quality, reusable water bottles made from materials like stainless steel or glass can […]

24 October 2023

Preparing and budgeting for Christmas this year!

Are you thinking about your plans for Christmas? Preparing for Christmas can be a daunting task, but with the right strategies, you can ensure your life and business stays on track – financially. Start Early The key to a successful Christmas budget is starting early. Ideally, you should begin now, if you haven’t already. By […]

24 October 2023

What makes a great accountant over and above number crunching?

In the realm of finance and business, accountants play a pivotal role in ensuring that organisations maintain financial health and adhere to regulatory requirements. However, not all accountants are created equal. What sets a great accountant apart from the rest? Let’s delve into the qualities and skills that define a truly exceptional accountant. Expert knowledge: A […]

17 October 2023

The role of a financial planner in my life: clarity, confidence and control

When it comes to managing your financial affairs, especially if you’re a small to medium business owner or a professional with a complex financial life, the expertise of a financial planner can be a game-changer. These experts not only help you secure your current financial situation but also strategise for future growth and prosperity. Here’s […]

17 October 2023

Is it worth paying for a business coach?

Whether it’s worth paying for a business coach depends on various factors, including your specific needs, budget, and willingness to invest in your personal and professional development. Here are some aspects to consider when making this decision: >> Clarity of goals If you have clear business goals but are unsure how to achieve them, a […]

12 October 2023

3 ways to flip repeat customers into subscribers

Repeat business drives the value of your company and you can categorise sales into one of two buckets. Bucket one: Re–occurring revenue comes from customers who purchase from your sporadically. They’re satisfied with what you offer, and they buy regularly yet not according to a specific timeline. Bucket two: Recurring revenue is predictable, and you […]

12 October 2023

Asking for help: a business owner’s journey to success

At Collins SBA, we believe in the profound impact of helping people achieve greater fulfillment, wellbeing, and success. We empower individuals with clarity, confidence, and control to reach their full potential. This ethos extends to our work with business owners. Meet Jodie who has a passion for helping people Jodie Kent’s career has always been […]

12 October 2023

Navigating the insurance market: how to choose

Insurance is your financial safety net, providing you with peace of mind in times of unexpected challenges. Whether you’re considering life insurance, disability coverage, or protection for your business, selecting the right insurance provider is crucial. The market is saturated with options, making it important to know how to choose the right one for your […]

11 October 2023

What is the crucial factor when building a valuable business?

If you aspire to build a valuable company, one crucial factor is to ensure your business can operate independently without your constant involvement! Embarking on this journey can feel daunting. Let’s explore three cost-effective, simple strategies to set your business on a path to autonomy and allowing it to thrive without your constant presence. 1. […]

5 October 2023

The social wellbeing connection and business owners

We know that business success isn’t just about the bottom line or profit margins. It’s also about the relationships you build along the way. These relationships, whether with employees, partners, or the broader community, play a pivotal role in shaping your business’s reputation and long-term success. Exploring social wellbeing in business – where building strong […]

25 September 2023

Putting you first: the role of financial planners

Taking care of finance, where numbers and investments dominate discussions, one fundamental principle should never be overlooked: your best interests should always come first. This principle lies at the heart of financial planning and underscores the importance of trust and integrity in the relationship between clients and financial planners. At its core, the role of […]

24 September 2023

5 strategies for small and medium business owners to achieve independence!

In our experience many small and medium business owners often find themselves at the heart of every operation. The day-to-day responsibilities can be overwhelming, leaving little room for strategic thinking or, more importantly, the freedom to take a break and enjoy life outside of work. But what if we told you there was a way […]

22 September 2023

Valuable exit strategy tips for business owners from a top entrepreneur!

Entrepreneur Anthony Lacavera is renowned for his success in founding and exiting multiple businesses, has a wealth of experience to share with small to medium business owners. His tips, drawn from his journey in building and selling companies, offer valuable lessons for entrepreneurs looking to make their ventures more successful. In this article, we’ll explore […]

22 September 2023

How to protect your equity when your business is thirsty for cash

When it comes to financing the growth of your business, you may find yourself facing a difficult choice between the lesser of two evils. Selling shares in your business can provide an immediate cash injection, but it means giving up some of your valuable equity stake. Borrowing money from a bank, on the other hand, […]

21 September 2023

How first impressions can drive the value of your business

The initial impression customers have your business often influences how much they decide to spend with your business. This is well known, but have you ever considered how first impressions affect they way potential investors value your business? When raising capital, investors’ initial perception of your business significantly impacts their valuation, affecting both the equity […]

21 September 2023

The future of accounting: staying ahead of industry trends

Like most professions the world of accounting is constantly involving. It’s crucial for business owners to stay ahead of the curve, keeping up with the latest laws, regulations and best practices in accounting. Embracing technological advancements One of the most significant shifts in accounting is the adoption of advanced technologies. Automation, artificial intelligence, and cloud-based […]

21 September 2023

Business success: strategies for growth and profitability.

In the fast paced world of business, achieving growth and profitability is the goal! However, many small and medium business owners find themselves wrestling with underperforming businesses, wondering how to turn the tide and steer their businesses towards success. Could the key lie in strategic planning and critical examination of your organisation structure? Identifying Underperformance […]

21 September 2023

Estate planning essentials for business owners.

Estate planning is a topic that often gets overlooked or postponed, particularly by busy business owners. The demands of running a successful business can be all-consuming, having little time for contemplating what will happen to your assets and business interests when you are no longer around. Estate planning is not a matter to be taken […]

21 September 2023

Empowering small to medium business owners: clarity, confidence and control you deserve

Running a small to medium business is a journey filled with highs and lows! As the owner, you are the driving force behind your businesses growth. However, the path isn’t always straightforward, and sometimes confusion, indecision and uncertainty can often cloud your vision. Let’s explore how expert advisers can support the life of a business […]

21 August 2023

Driving business growth: 5 business accounting services

Is growth your ultimate goal? Achieving sustainable growth requires a comprehensive understanding of your financials. From strategic tax planning to 3-way forecasting and budgeting, every decision impacts the trajectory of your business. 1. The crucial role of accounting in business growth: Accounting is the backbone of any business. It provides the foundation for informed decision-making […]

20 August 2023

A business tale: finding freedom with business accounting

Keith is the passionate business owner of a bakery named Sweet Moments. He found himself juggling way more than flour and sugar. With a constant stream of orders, customers, his team and baking experiements, Keith’s days seemed to blend together in the whirlwind. Amidst all of the daily hustle, there was one thing that was […]

14 August 2023

A business tale: more than money

Lydia is a passionate and dedicated business owner. She is the proud owner of a cosy bookstore and café that has been in the family for generations. Over the years the bookstore and café has weathered a few storms and adapted to changing times, but now she faces new challenges as she plans for the […]

14 August 2023

A business tale: navigating business succession with grace

Once upon a time three close friends – Adam, Jared and Belinda decided to turn their shared passion of crafting unique furniture into a business. Over the years, their small workshop evolved into “Art and Home Creations,” which is a successful destination for home furnishings. As they approached a crossroad of business ownership, the trio […]

14 August 2023

Business Growth: Right people?

You pour your heart and soul into building your business. You work long hours, wear multiple hats and sometimes find yourself micro-managing every aspect of your business. Despite your hard work and dedication, you might still feel overwhelmed and occasionally experience fear, when thinking about the future. In our experience, many business owners feel like […]

12 August 2023

Business Design: Pave the path to growth

As a business owner and entrepreneur you wear many hats and navigate numerous challenges – most days! Your time is precious and the pursuit of your next big milestone requires your undivided attention. Our Business Design services and support has a goal of helping you optimise your operations, empower strategic planning elevate your business. For […]

7 August 2023

Smooth Sailing to Financial Compliance

Your dedication to your business and the pursuit of the next big milestone leaves you with little time to navigate the complexities of accounting compliance. That’s where we come in. 1. Business Activity Statements Staying on top of monthly, quarterly and annual business activity statements can be a daunting task. Our expert team can support your BAS preparation […]

7 August 2023

Financial Empowerment: Wealth Planning

As a business owner, time is a very precious commodity. You are juggling multiple responsibilities, striving for growth and pushing your business to the next milestone. Amidst the whirlwind, it’s easy to overlook an aspect that can impact your success: wealth planning. Each of our client’s business journey is unique. Our team offers oversight, management, and advice […]

6 August 2023

Break free: can you escape the chains of your business?

Business owners often tell us they are ‘chained to their business’ to express the feeling of being overwhelmed, consumed, or trapped by the demands of their business. We understand this feeling to be a sense of being tied down, unable to break free or take time off without consequences to the business. There are several […]

31 July 2023

4 strategies for business owners to safeguard cash flow from future superannuation changes

Change is on the horizon for business owners due the recent Federal budget announcement altering the frequency and timing of paying super for employees moving forward. Starting from 1 July 2026, all employers will be required to pay their employees’ superannuation at the same time as their regular salary or wages. This change aims to […]

29 July 2023

The Power of Video Statements of Advice

An innovative approach to delivering financial guidance has been making waves in the financial services industry. In 2022, The Financial Planning Association of Australia released a video toolkit to guide members in creating a video Statement of Advice that would benefit the service to clients more efficiently. The Statement of Advice among other financial advice […]

28 July 2023

Common pitfalls an owner or founder faces during business valuations

Business valuations can be a complex and much longer process than maybe you think. In our experience, there are several common pitfalls that a business owner or founder will face during the process. Here are just a few: > Overvaluing or undervaluing: it’s very common that a business overestimates or underestimates the value of their […]

25 July 2023

Dignity Drive: behind the scenes with the team at Collins SBA

We are helping women and girls, who are doing it tough have dignified access to period products. Donations at Collins SBA from August 1st. Share the Dignity works to make a real, on-the-ground difference to the lives of women, girls and those who menstruate who are experiencing or at risk of homelessness, domestic violence or […]

24 July 2023

Tools for Business Growth and Sustainability

Navigating the sea of success! We love a yacht analogy, especially when talking about the tools for growth and sustainability. >> Business Governance: Guiding your yacht Like the captain of your own yacht, you need great governance, especially when you are in turbulent seas. From establishing clear organisational structures to defining roles and responsibilities, business […]

24 July 2023

Protect: Your income and a financial safety net

Are you planning for the unplanned? Income protection can be the financial safety net you need if you experience an accident or illness that means you can no longer work. A common misconception about income protection insurance is that it’s only for high income earners, but this is not the case. An inability to keep […]

22 July 2023

Business Insurance: Questions to ask

Insurance plays a crucial role in mitigating risks and providing financial protection when unforeseen circumstances arise. By asking the right questions you can gain a deeper understanding of how insurance policies can protect your business in times of adversity. >> Key Person Insurance Key Person Insurance is designed to protect your business in the event […]

18 July 2023

Talk with your Business Coach

Running a business comes with unique challenges and opportunities. Partnering with a Business Coach can be a game-changer. Check out these questions to consider asking your own Business Coach or Business Mentor. >> Business Governance Establishing best practices and working on your business is fundamental for successful businesses. When discussing with your business coach, consider asking: […]

18 July 2023

Ask the questions: Financial Advice

Securing your financial future requires planning and not leaving to chance. Don’t hesitate to ask your financial planner these questions, because asking the rights questions will ensure that you receive tailored solutions. Make informed decisions with confidence, clarity and control about your financial future for generations to come. >> Strategic estate planning Planning for the […]

18 July 2023

In Business? Ask your accountant

In the ever-evolving landscape of business, staying compliant with accounting regulations is a mandatory. As a business owner, you understand the significance of accurate financial management and adherence to laws and regulations. To assist you in navigating the intricacies of accounting compliance, we have compiled a list of essential questions to ask your accountant. >> […]

18 July 2023

Best Practice, Business Owners & the Collins SBA Team

Imagine you’re a chef opening a new restaurant. You’re passionate about creating delicious dishes and providing an exceptional dining experience. Now, the world of cooking is vast and diverse, with countless recipes, techniques, and ingredients to choose from. Best practices are like a trusted recipe book that has been passed down through generations of successful […]

18 July 2023

Senior Manager (Accounting): Must Love People

Pictured (Centre) Andrew – Head of Growth, Director with students from UTAS At Collins SBA, we are really proud of our innovative approaches and employee-owned model. As a leading accounting, business coaching, and financial planning business, we’re on a mission to transform the way our clients achieve their goals. Join our exceptional team of professionals […]

19 June 2023

Financial planning for business owners: securing your future

You dedicate countless hours and endless effort to ensure your business is successful. Amidst the daily whirlwind, ensure you take time out for future financial planning. By being proactive you can secure a stable future for yourself and your loved ones. Please find practical insights to help you get started: 1. Setting Financial Goals The […]

18 June 2023

Non financial success: cultivating wellbeing for time-strapped business owners

When you own and manage a business, it’s easy to get caught up in the pursuit of financial success – because you have to! Taking time out to recognise long-term success will also extend beyond monetary achievements is important as well. 1. Recognise the importance of wellbeing and how it encompass physical, mental and emotional […]

15 June 2023

Can business owners unlock clarity & confidence by asking the right questions?

Success can sometimes hinge on making informed decisions and taking calculated risks. To navigate complexity we must learn to ask the right questions. We explore how business owners ask powerful questions to drive growth, innovation and help with decision making. 1. Do you need a new perspective? Asking the right questions enables business owners to […]

13 June 2023

Goals Shift. Values Persist: Explore how business owners align goals with values.

Goals shift. Values persist – a simple way of saying goals may change. Values don’t. Business owners, on an entrepreneurial journey are not solely defined by their goals but also the values they uphold. While goals may change and adapt to the shifting landscape of business, core values remain constant, guiding decisions and shaping the […]

13 June 2023

Valuations: what are the common pitfalls for business owners?

Business valuations can be a complex and a much longer process than you think. In our experience, there are several common pitfalls that a business owner or founder will face during the process. Here are just a few: > Overvaluing or undervaluing: it’s very common that a business overestimates or underestimates the value of their […]

31 May 2023

SBA Insurance: joint venture with risk insurance specialists

Collins SBA announces SBA Insurance: a new joint venture with personal risk insurance specialists MBS Insurance. In recent years, there has been significant change within the Australian Life insurance industry. For several reasons, and of most concern to our clients, premiums across the market have increased considerably, impacting many policy holders. It has become increasingly […]

29 May 2023

Expert assistance for discretionary trusts: annual distribution minutes made easier

Unlock the benefits of discretionary trusts while navigating the technical complexities effortlessly with our professional accounting and advisory services. We have experience maximising asset protection and delivering on tax planning strategies for business owners and individuals. Understanding annual distribution minutes: Before 30 June each year, it’s crucial for a discretionary trust to allocate the […]

22 May 2023

Practical Guide: maximising tax deductions for energy efficient upgrades

As a business owner, you have the opportunity to claim additional tax deductions for investments that promote electrification and energy efficiency. This guide will help you understand and leverage this incentive to its fullest potential. Here’s what you need to know: Eligibility: Your business must have an annual turnover of less than $50 million. The […]

22 May 2023

Can you reclaim your precious time with a business coach?

Yes is the short answer. Time is a precious commodity and business owners wear multiple hats. The struggle is constant to balance operational tasks, growth strategies and your personal life can leave you feeling overwhelmed. Let’s explore if partnering with a business coach would enable you to buy back time and unlock the full potential of your […]

16 May 2023

EOFY: Have you checked if you are eligible to claim a tax deduction on your income protection insurance?

With EOFY fast approaching, you may want to check if you can claim a tax deduction for the cost of your income protection insurance premiums. Please check with your accountant, or review your insurance policy, to determine what level of deduction you may be able to claim with the ATO. And note only the premiums you […]

11 May 2023

Trauma insurance is one type of personal insurance than can help protect you while you’re still alive

In 2021, it was estimated that 150, 752 new cases of cancer were diagnosed in Australia. That equates to almost 400 people a day. How do you keep your household running or cover the costs of medical expenses if you’re unable to work during your recovery? Trauma insurance provides a lump sum payment upon the diagnosis […]

11 May 2023

Do you need life insurance at your stage of life?

Life insurance can be valuable at various life stages, whether you’re young and single, starting a family or transitioning to retirement. Are you in your 20s or 30s and single? When you’re young, single and healthy, life insurance is probably the furthest thing from your mind. After all, you’re in the prime of your life […]

11 May 2023

Why life’s big milestones are a reason to consider life insurance

Traditionally, life’s big milestones were often summed up as getting married, buying a house, having a baby and later settling into retirement. And while all of these are still momentous and memorable life moments, today we think of milestones being things like: >> launching your own business >> investing in a property >> choosing to […]

11 May 2023

Do you feel chained to your business? Think about becoming unchained.

When our client’s tell us they feel ‘chained’ to their business, often they explain they are feeling trapped or constrained by the day to day demands. The feeling may relate to the amount of time or energy required to keep their business running smoothly, the financial investment required to keep the business afloat or a […]

9 May 2023

Binding vs. non-binding beneficiaries: which is right for you?

What will happen when the unplanned happens? When taking out a life insurance policy, it’s important to consider who should be the beneficiary and not the role they play. What is a life insurance beneficiary? A life insurance beneficiary is the person/s who will receive your life insurance payment should you pass away. What happens […]

8 May 2023

Don’t be a bottleneck: signs your small business needs to delegate more

As a business owner, it’s important to build a business that can operate independently of you. This not only allows you to take time off and avoid burnout but also makes your business more valuable if you ever decide to sell it. It can be easy to fall into the trap of becoming too reliant […]

3 May 2023

The confidence conundrum: navigating uncertainty as a leader

You own a small business and its been running successfully for several years. However due to [insert challenge here] you have been forced to adjust your open times. You are keeping the business afloat but you are worried for how long the situation will last and whether you will be able to recover. As the […]

3 May 2023

From good to great: How a business coach can take your business to the next level

As a business owner, you are always looking for ways to grow and improve your business. You have a vision of what you want to achieve, but sometimes it can be difficult to turn that vision into a reality. This is where a business coach can be a valuable asset. A business coach can help […]

2 May 2023

We are searching for you: experienced Financial Adviser

The role purpose Collins SBA is an employee-owned accounting, business coaching and financial planning company with a great team and big goals! We are looking for experienced Financial Advisers to join our team. As an experienced Financial Adviser, you will be responsible for providing expert financial advice and guidance to our clients on investments, savings, […]

24 April 2023

The curious business owner: how a sense of wonder will drive success.

Curiosity is an essential trait for any business owner. It can be the driving force behind innovation, creativity, and problem-solving. When you are curious, you’re always looking for new ways to improve your business, stay ahead of the competition and meet your customer’s needs. Here a few reasons why curiosity if important: >> Curiosity fuels innovation […]

18 April 2023

The why and what of creating a legacy for business owners

Planning for the future is important for whatever life stage you are at. Estate planning is a major part of your overall financial plan and is so much more that just writing a will. Estate planning is the process of setting up your estate so your assets (such as property, shares and insurances) pass onto […]

17 April 2023

Asset protection strategies that every business owner needs to know

Asset protection simply refers to the legal strategies and plans used to safeguard an individual or business’s assets from risks such as lawsuits, creditors and financial liabilities. The goal is to minimise the exposure of assets to potential risks and protect them from being lost. This work can involve legal, financial and insurance tools. Business […]

10 April 2023

Protecting your business: Estate planning for business owners

Estate planning is the process of arranging for the management of a person’s assets and obligations in the event of their incapacitation or death. It may involve creating legal documents such as wills, trusts, powers of attorney and health directives. Overall, estate planning is an essential process that allows individuals to protect their assets, minimise […]

10 April 2023

Mastering the art of discretionary and non-discretionary spending for business owners

Managing your discretionary and non-discretionary spending is crucial to achieving financial stability. Non-discretionary spending refers to the expenses that are necessary and cannot be easily eliminated or reduced. Discretionary spending is the expenses that are optional and can be reduced without affecting your basic needs. Tips to help you manage your spending more effectively: > […]

24 March 2023

Compassion: 5 ways to do it in your business

Compassion is a feeling of deep sympathy, empathy, and concern for others who are suffering, struggling or in pain. It is the ability to recognise and connect with what others are managing, and respond in a way that shows care, understanding and kindness. Compassion is the willingness to be present with others, to listen, to […]

23 March 2023

Are there benefits to paying more super?

Once upon a time, there was a business owner named Karly, who had been running her successful bakery for over 30 years. While she loved creating delicious pastries and cakes, she had been dreaming of travelling the world. She started to share her travelling itinerary with her team, which included visiting Paris for the first […]

19 March 2023

I know my growing business is ready to get organised and more efficient, but where do I start?

Having a process in place can help you grow your business by becoming more organised, efficient and productive. And here are a few steps to help get you started: 1. Identify areas of your business that need a process: the area could be sales ad marketing, customer service, accounting or human resources. 2. Determine the […]

16 March 2023

Business owners tap into accountability coaching for focus, to develop & increase productivity.

Is it time to tap into accountability coaching to help you reach your goals and commitments? Accountability and business coaches provide support, guidance, and motivation to help business owners stay focused and take consistent action towards their desired outcomes. Coaches may also provide feedback on progress, help you overcome obstacles and offer measures to keep […]

14 March 2023

How do you learn how to run a business?

This is a very common question! Learning how to run a business can be a challenging and overwhelming experience but also a very rewarding process. 1. Research and read. Read books, articles and download white papers on entrepreneurship and business management. Ask for recommendations on the best business books to read! 2. Find a mentor […]

13 March 2023

Red flags and insolvency: why is this happening?

Insolvency refers to a financial state in which an individual or organisation is unable to meet their financial obligations and pay their debts as they become due. Insolvency occurs when an entity’s liabilities exceed its assets or when it is unable to generate enough cash flow to pay its debts. Insolvency can be cause by […]

13 March 2023

Breaking the Silence: Overcoming the Stigma of Seeking Financial Guidance

Financial advice is often seen as a luxury reserved for the wealthy or those facing dire financial straits. However, the truth is that everyone can benefit from seeking financial guidance, regardless of their income or net worth. Why the Shame? There are many reasons why business owners may feel ashamed about seeking financial advice. Some […]

13 March 2023

How to access specialist financial services and/or business advice

Please consider what support you need for business recovery, transition, growth or other strategies. The small business advice and financial guidance program, Business Tasmania grant provides eligible businesses with access to expert services and support. For more information, please click here. Eligible applicants receive a grant of between $750 and $1500 to obtain financial or business […]

1 March 2023

How to get over that feeling of overwhelm in your business

Feeling overwhelmed typically means feeling like you have too much to handle or manage all at once, and that you don’t have the resources like time, energy or support to manage it all effectively. People can experience overwhelm in a variety of situations, and not uncommon to hear from business owners when they are trying […]

1 March 2023

Are you a leader who practices gratitude in the work place?

Practicing gratitude in the professional work environment is not only possible but also highly recommended! Showing gratitude can help build positive relationships, boost morale and improve overall satisfaction. A few examples on how to practice gratitude at work: Express thanks: show your appreciation by thanking your team members for their hard work, support and contributions […]

28 February 2023

Resilience: are you a business owner or founder that bounces back?

Resilience is the ability to bounce back from adversity or difficult situations. With the fast-paced and changing world we all live, play and work in – resilience is more important than ever. At the heart of the issue of our struggle to ask for help, is our desire to maintain an image of competence and […]

28 February 2023

For people who find it hard to ask for help

Asking for help is a sign of strength, not weakness. Please don’t hesitate to reach out to others when you need assistance or support. Do you struggle asking for help? At the heart of the issue of our struggle to ask for help, is our desire to maintain an image of competence and self-sufficiency. We […]

28 February 2023

Are you a micro-managing boss?

Micro-managing can be harmful to your team’s productivity, creativity and morale, and it’s important to recognise whether you’re engaging in this behaviour so that you can address it. Please answer the following questions honestly and with self-reflection: 1. Do you find yourself frequently checking in on your team members, even when they haven’t asked for […]

28 February 2023

Find your voice with Anna Mckay at Collins SBA

Picture: Anna Mckay, Client Services Coordinator, Collins SBA “We have come a long way in terms of achieving equality, however, there is still lots to do! Finding our voice is essential to continuing to make progress towards a more equitable world,” – Anna Mckay, Client Services Coordinator, Collins SBA. In her role, Anna provides direct […]

27 February 2023

Embracing equity with Sarah Clifford at Collins SBA

Picture: Sarah Clifford, HR Manager, Collins SBA “Embracing equity is an important step towards creating a more just and equitable world for everyone,” says Sarah Clifford, HR Manager at Collins SBA. In her role at Collins SBA, Sarah has a vision that every team member is supported to be the very best version of themselves […]

27 February 2023

Empowering Women Entrepreneurs: Can we support CALD Business Owners?

Picture: Dionie Lippis, Senior Accountant, Collins SBA The Multicultural Council of Tasmania (MCOT) organises Women’s Networking Sessions at the Multicultural Hub in collaboration with community organisations across Tasmania. The theme for the next networking session is “Female Entrepreneurship” and Dionie Lippis, Senior Accountant at Collins SBA will join entrepreneurs Penny Lamprey and Andrea Romeo as […]

22 February 2023

Deductions: tips to managing deductions in your business.

Deductions are expenses that you can subtract from your taxable income to reduce the amount of tax owed. There are two (2) types of deductions – standard and itemised. Standard deductions are a flat amount that you can claim without itemising your deductions. Itemised are specific expenses to claim to help lower your taxable income. […]

7 February 2023

Business Owner v’s Employee: The key differences during tax planning

Business strategy, financial management and marketing and sales! You have started your business and you have successfully transitioned from an employee to a business owner. What are the key differences to think about during tax planning? The key differences between a business owner and an employee during tax planning: Business owners often have more control […]

7 February 2023

What are the top five (5) things I need to think about before the end of the financial year?

The end of financial year or EFOY is when our financial year comes to a close in Australia. This is the time to reconcile accounts, record transactions, close the books and calculate financial performance for the year. This information is used for tax purposes and for preparing financial statements that will summarise the financial activity […]

7 February 2023

Operation Shine with Alice, Dionie & Team

We are absolutely convinced that collaboration and teamwork foster healthy work relationships based on trust, care and remarkable experiences. We share these experiences with our partners, friends, team and clients. Operation Shine is an internal campaign, with a goal of shining the light on others. Last year, we asked for five (5) volunteers from our […]

7 February 2023

Operation Shine at ZooDoo with Lydia & Team

6 February 2023

50 ways to spend your tax savings!

In our experience, many business owners often feel guilty about spending money, unless the money is spent on growing the business. This could be a combination of fear of misallocating funds, personal financial concerns or moral and ethical considerations. Please find 50 ways you could spend your tax savings this year: 1. Invest in […]

3 February 2023

What is an ESOP and should you be investigating?

ESOP or Employee Share Ownership Plans refer to an arrangement in which an employer provides employees with an ownership interest in the business, usually in the form of shares or share options. A key goal of ESOP is to align the interests of the employees and the business, as well as to provide employees […]

31 January 2023

The signs you are getting ready to hire and build your leadership team!

Are you consistently feeling busy but you are not meeting all the demands in your life? You may see all the signs that indicate you are ready to start building your leadership team. This can be equal parts exciting, liberating or even scary. Will you ignore and soldier on or start asking the hard questions? […]

19 January 2023

What are the significant life events and why does it matter?

Each major life milestone is an opportunity for growth, self-discovery and personal fulfilment. Recognising the significance of each milestone and actively working to make the most of them can help to make our lives more meaningful. We can also be more self-aware of when we need to ask for help and build a personal and […]

19 January 2023

You need a new process for [blank] but where do you start?

You have discovered that a process you implemented 18 months ago is not being followed by your team or you are ready to use feedback to improve it? The purpose of process mapping is to clearly identify and understand areas for improvement and then communicate to others. There are common frameworks available to help with […]

19 January 2023

Partnership status: just friends?

Partnership programs or a business agreement between two or more businesses is a great way to collaborate or leverage your sales and marketing efforts and provide added value to your customers or clients. Partnership programs can take many forms such as referral partnerships, reseller partnerships and strategic partnerships. In summary: >> Referral partnerships is where […]

17 January 2023

Does giving and receiving feedback make a difference?

Feedback is a powerful tool that can help a business across many areas. Feedback helps improve communication and collaboration within teams, which can lead to more effective decision-making and problem-solving. Giving and receiving feedback will help foster a culture of growth and development, where team members feel their contributions are valued and that they have […]

16 January 2023

Have you lost mojo for your business?

Losing motivation or “mojo” for your business can be a difficult and frustrating situation to be in, but there are several things you can try to regain your motivation and reignite your passion for your business. In the Big Small Business Survey* 58% of small business owners said they had experienced a mental health challenge […]

12 January 2023

Planning and allocating your marketing budget: business owners

Our customers and clients needs and wants are changing so quickly and so are the channels we can use to reach them. If you are managing your marketing budget, a mid financial year and start of the calendar year is a great time to check in on your budget and performance of each channel. Here […]

4 January 2023

The classics: The Top 5 business books to read and why

These five (5) books are considered ‘classics’ in the business world and are widely recommended because of their practical and actionable advice. The books are relevant to business owners, entrepreneurs and career professionals and cover subjects like productivity, decision-making, innovation and habit formation. The 7 habits of Highly Effective People is a well-known […]

3 January 2023

Is it time to get financially fit?

Financial fitness refers to being in a state of financial health or stability. It means having the financial resources and skills to manage your money effectively, meet your financial goals, and live within your means. Financial fitness can involve having a budget, saving money, investing wisely, and having a plan for managing and paying off […]

2 January 2023

Some of the challenges you may encounter when selling your business

Selling a business can be complex and a challenging process. There is no-one size fits all answer of when you should sell your business. Some of the factors include your personal goals and circumstances, the current state of the business and the market conditions. Some of the challenges you may encounter include: FINDING A BUYER: […]

19 December 2022

Ideas for things to do when you retire or sell your business!

You have thought about this time for a long time? The chance to sell your business and retire. Have you thought about how you will spend your week and how much you will need in the future to ensure all of your ideas come true? Things to do when you retire: TRAVEL: if you […]

19 December 2022

Money in. Money out. Cashflow and your business

Cash flow is the movement of money into and out of a business. Cash flow is important for a business because it is a key indicator of financial health. By monitoring and managing cash flow effectively, businesses can make informed decisions and take the necessary steps to ensure their long-term success. Tips for managing cash […]

18 December 2022

What questions should I ask a Financial Planner?

A Financial Planner or Financial Adviser is a qualified professional who helps individuals and businesses make smart decisions about their money. A Financial Planner should have professional certifications including Certified Financial Planner® (CFP) designation. Financial Planners and Financial Advisers use their expertise to help clients set financial goals and develop a plan to achieve those […]

15 December 2022

Checklist: policies and procedures for a growing business

Specific policies and procedures for your business will depend on a number of factors, such as the size of your business, the industry you’re in, and the laws and regulations that apply to your business. It’s always a good idea to consult with a lawyer or other professional to make sure you have the right […]

14 December 2022

How does my business find my target audience?

Who are you targeting and why? Work through the below recommendations to start your target audience plan. Ensure you are identifying and engaging with the right customer or client for your business. 1. Clearly articulate the products or services that your business offers and the unique value they provide to your customers or clients. […]

14 December 2022

I feel like I am carrying all the load in our business!

If you are carrying all the load in your business and feeling overwhelmed, (or carrying a boulder or two during your day) there are several steps you can take to manage your workload and manage some of the stress. By trying some of these steps, it may help you manage your workload more effectively and […]

14 December 2022

Let’s chat: is it time to check with your accountant?

Accountants track, report, and analyse financial transactions. Our team at Collins SBA use their knowledge and expertise with accounting principles and practices to help businesses and individuals manage their financial affairs and make informed decisions. It’s their experience with complexity that makes them different. These questions will help you have an informed conversation with your […]

14 December 2022

What questions should I ask a bookkeeper?

A bookkeeper is someone who is responsible for keeping financial records organised and up to date. Bookkeepers also play a critical role in maintaining the integrity of a company’s financial records and helping to ensure its financial health. If you are looking for a bookkeeper, try the following questions to get the conversation started: […]

13 December 2022

Can you destress when you are stressed?

Stress is a common response of challenging or new situations. Stress can be mental and physical. Your body releases stress hormones like adrenaline, which may help you respond to a stressful situation. What else can you do to relieve stress? Try exercise. Exercise releases endorphins, which have mood-boosting effects. Spend time with friends and loved […]

6 December 2022

How can I use data in my business?

You know data is important but you are not sure where to start? Try the following ideas to get started in how to use data, insights and analysis to grow your business. Collect data about your customers or clients including their demographics, preferences, and buying habits. This information can help you better understand your target […]

6 December 2022

What questions should I ask my Business Coach?

Stuck on ideas on how to utilise time with your Business Coach? Or are you thinking about a Business Coach and need help in getting started? Try the following as prompts to get the conversation flowing . . . What are some ways I can improve my business? What are some common mistakes businesses like […]

6 December 2022

10 ways top performing leaders regain their focus

Top performers take the initiative and refocus on improving their own habits so everyone benefits from their actions and investment in their own wellbeing. Try these ten (10) tips to help you get back on track. Make a list of your goals and what you need to do to achieve them. This will help you […]

6 December 2022

5 tips to help business owners find more time in the day

If you are managing multiple priorities and need a little more time in your day, then these five (5) tips are for you! Swap busy for ‘unbusy’ and do something you love. Try getting up earlier to start your day off with a little peace and quiet. This can also help you get ahead of […]

6 December 2022

Enhancing the reputation of members working in the public practice sector.

The Public Practice Advisory Committee (PPAC) for CPA Australia provides management with advice and a forum for consultation on issues relating to the public practice sector, as well as advice on the development of strategies, regulations and support services so that it can manage and enhance the reputation of members working in the public practice sector. Andrew […]

10 November 2022

Cashflow tips with Business Coach, Mike Denehey

Continued interest rate rises, cost of living increasing and economic uncertainty, managing your cashflow both personally and in your business is now more important than ever before. TIP 1: Forecast your cashflow monthly for the next 12 months Estimate your income with assumptions or formula’s if possible Estimate your expenses based on what you currently […]

30 October 2022

Spotlight: Variety – the Children’s Charity, Tasmania

Variety – the Children’s Charity supports kids and families who are facing many challenges through sickness, disadvantage or living with additional needs. Their work allows kids to gain mobility, to get out and about in the community, to communicate, achieve independence and increase their self-esteem. In 2022, the Collins SBA team supported team members Bruno Palermo, […]

27 October 2022

Taking Care of Business – Finalists

Congratulations to our clients who have recently been nominated as finalists in the 2022 Tasmanian Tourism Awards. The Awards are designed to encourage and recognise innovation, excellence, quality and sustainability in tourism, while providing a benchmark for industry best practice. Coordinated by Tourism Industry Council Tasmania (TICT) each year for and on behalf of the Tasmanian tourism […]

16 October 2022

Will you? Directors, Divorce, Death…

A great plan will help you stay focused and prepare for unplanned events such as change to directorships, a divorce or even death. In the busyness of your day, week or years you may overlook time to check whether you have a will or consider if anything needs changing? As your business grows and becomes […]

9 October 2022

Five (5) important controls for busy Business owners

Our lives are a mixture of positive and negative events. Knowing this, what are the safety nets? And there may be a trade off. Do you feel empowered to make financial wellbeing decisions based on both and do you feel in control? Financial stress or that feeling of not being control can come at anytime! […]

12 September 2022

Have you prioritised your financial wellbeing this year?

According to research*, a person’s wellbeing can be measured against 8 dimensions of wellness. Each dimension whether physical, emotional, spiritual, social, intellectual, social, occupational or financial will mean something different to everyone. Understanding what it means to you can help you uncover what you value in life, where your strengths are and what you might […]

12 September 2022

6 non-financial indicators business owners use to improve value

Do you frequently get into the data and the detail to assess and prioritise what area needs the most action and when? Financial analysis is not the only way to determine value or even performance of your business. Typically when we assess business performance it may include business profitability, cashflow, debt levels, efficiency and understanding […]

15 August 2022

Maximise value: marketing and sales

Most people who go into business are very good at what they do, be it as an engineer, process improvement specialist or architect, but many don’t necessarily have marketing and sales skills. Craig West, Founder of Succession Plus says one of the key issues for any business owner is having a clear marketing and sales […]

15 August 2022

Unplanned events and business owners

Many people avoid talking about death, wills or selling their business and many families are left inheriting a burden when an unplanned event happens. Craig West, Founder of Succession Plus says with ‘no succession plan in place many people are left with a business that can’t survive without the owner.’ So they close the doors, […]

15 August 2022

An apple a day won’t keep payroll tax away

Key factors in deciding that payments to Doctors were subject to Payroll Tax. Reported earlier this year, Fletch Heinemann, Partner at Cooper Grace Ward Lawyers said the decision in case Thomas and Naaz (NSW) started alarm bells ringing for medical and allied health practices and their advisers. The report says that some practices are structured […]

13 August 2022

M3 Framework and the business owner

The M3 Framework designed by experts in the psychology of entrepreneurs at significant points of transition or exit. Business owners are hardwired to build and run a business! A business owners life, business and wealth are interwoven, and not easily separated. Significant transitions expose owners and their businesses to both internal and external threats and […]

12 August 2022

Media Release: The numbers from Dark Mofo

Dark Mofo affect leads to landmark June occupancy. This year’s Dark Mofo has paved the way for record breaking June occupancy levels for Tasmania’s accommodation providers. The world-renowned two-week event attracted more than 300,000 people to 45 ticketed performances, with 65 per cent of the 72,000 tickets sold snapped up by interstate tourists. This led […]

8 August 2022

Let’s Chat: Total Freight Solutions are taking care of business

Total Freight Solutions are improving warehousing and distribution for other businesses and saving them money. Michael Denehey, Business Coach at Collins SBA started working with the founders of Total Freight Solutions (TFS) over 15 years ago. “At this time, TFS was operating out of a garage in the backyard. I am incredibly proud of the […]

10 July 2022

Market Emojis: Situation horrible or opportunity?

There is a rollercoaster of emojis currently being discussed at around kitchen tables, local bars and cafes – situation horrible or an opportunity? In 2018, Rob Isbitts, a senior contributor for Forbes and ex Wall Street Banker, reimagined the highs and lows of market change with emoji’s. He suggested that we can never know for […]

20 June 2022

Let’s Chat: Bigger and better with Total Freight Solutions

Bigger, better and keeping pace with increasing demand. Total Freight Solutions provide international and domestic freight and 3rd Party Logistics (3PL) services to Tasmanian and Queensland businesses. Established in 2005, they are a family owned company with a global reach focussed on providing excellence in customer service. Old fashioned values utilising today’s resources and technology […]

20 June 2022

Can you get more comfortable with uncertainty?

When things go as planned, we feel a sense of control. But factors beyond our control can leave us feeling anxious or even stressed. To say we are all feeling a little uncertain may be an understatement given the daily headlines of falling share prices and interest hikes. Interestingly, a report released named Macquarie Bank […]

20 June 2022

Revitalising Local Hospitality Venues Grant Program

Tasmanian hospitality venues have received another major boost as momentum continues to build within the industry after two years of dealing with the Covid-19 pandemic. Confidence is returning across the sector following the easing of restrictions in recent months and the State Government’s announcement of a new Revitalising Local Hospitality Venues Grant Program will further […]

20 June 2022

Tasmanian businesses are encouraged to share their views.

Feedback is being sought from business owners, employees, business advisers and representative organisations across Tasmania. Tasmanian businesses are encouraged to share their views on the opportunities and challenges relating to growing a business in Tasmania. The Business Growth Strategy 2022-26 will establish priorities and action areas for government and the private sector to support business […]

20 June 2022

Let’s Chat: ALL4 are taking care of business

ALL4 deliver the perfect blend of fun and adventure in a truly unique, world class destination. Thank you to Sam and Rachel, business owners of ALL4 for taking the time to chat with Rob Cameron, Business Adviser, Collins SBA. Owners, Sam and Rachel of ALL4 since 2010, provide all-terrain vehicles (ARV) which offer unique experiences […]

26 May 2022

We are searching and hiring: Client Services Coordinator – Accounting

The role purpose The purpose of this role is to provide high level administrative support to the professional accounting team at Collins SBA. Our Client Services Coordinator are confident to work with other team members and our valued clients. Many have experience working in the financial services industry. Key Responsibilities Our team members typically have […]

4 May 2022

2022 Tax Position: empowering people with choice and control

We asked our valued clients four (4) questions regarding tax planning strategies this year: (1) How well do you know your tax position? (2) Is knowing your tax position important to you? (3) If there were actions to legally reduce the tax payable this financial year, would you take those steps? And the last question […]

3 May 2022

Moving on after blood, sweat and tears.

Exit and business succession planning is about maintaining control over how and when you leave and on what terms. We are frequently asked ‘what are the top things to think about’ regarding succession planning and exiting your business. We include: (1) Minimising your tax (2) Securing your future income (3) Provide a smooth transition for […]

3 May 2022

2022 Tax refund planning & spending

Are you already anticipating your tax refund? Like many people around Australia, you are already thinking about ways to spend your tax refund this year or you are completely organised and have already received! Ten (10) ways people use their tax refunds: (1) Pay debts like credit cards or high interest loans (2) Buy equipment […]

2 May 2022

Client Executive Summary

1. Rate increases We are talking about the following options and strategies including: Consider reverting to interest only loans to maximise cash flow on “good debt” like property, shares and businesses Increasing principal repayments on “bad debt” for example non-deductibles like home loans Reviewing budgets particularly for recurring expenses that are direct debited Business owners […]

1 May 2022

Business coaching: have you thought about your business exit goal?

A successful exit can be defined as one that meets the business owner’s individual needs and desires. For some business owners a successful exit goal is about selling the business for maximum dollars. For others financial outcomes are not their first priority as they are looking for stewardship exits – by looking after their employees, […]

19 April 2022

Six (6) D’s of business ownership & how to protect a business from a D-event.

Do the D-events resonate with you? If you are a property investor or have an interest you may be familiar with the three (3) sacred D’s which relate to life events that create “highly motivated vendors.” 1. Death 2. Divorce 3. Debt Deceased Estates are prime targets, as the primary decision maker is usually an […]

13 April 2022

Taking care of business with Craig Hawkins, Owner & Managing Director, Seahorse World, Beauty Point

“I was looking to re-focus on the important aspects of running my business. It was great to get this help now, not only for this year, but beyond and without having to spend too much time completing forms.” Craig Hawkins, Owner and Managing Director, Seahorse World, Beauty Point, 2002 “Applications for the state government grants […]

4 April 2022

Business coaching: are you building a business that works without you?

Do you remember why you started your business? Maybe you had a vision for the meaningful impact or lifestyle you wanted to create? We often find small to medium business owners find themselves working in a high pressured job and stuck in the ‘day-to-day’. You find yourself doing everything, when you should be leading everything. […]

1 April 2022

Business advice: are they your mate, your brother, sister or an investor?

If you own your company jointly with another person, regardless of whether they are your mate, your brother, sister or an investor, you need to have a shareholders’ agreement in place. A shareholders’ agreement acts as a roadmap for how you want decisions of the shareholders and directors of the company to be made and, […]

31 March 2022

For many their greatest asset, but often the most difficult to unlock.

How can you maximise value of your business and achieve a successful exit? Business succession and exit planning is one of the most important yet most misunderstood financial strategies for any business owner. It relates directly to your ability as a business owner to extract the maximum amount of value from your business when it […]

30 March 2022

Can you get your team to think and act like business owners?

Can you increase productivity and maximise employee retention asks Mike Denehey, Adviser. An innovative way to gain productivity and retention benefits is to invite employees to invest in your business through a share plan, also known as an Employee Share Ownership Plan or ESOP. ESOP’s are increasingly being used by business owners who want to […]

29 March 2022

Buying a business – the value of valuation

What are the risks asks Rob Cameron, Adviser. One of the biggest risks when purchasing a new business is the risk of overpaying. Once you’ve overpaid for a business, it’s very hard to turn it into a good deal and your financial returns can be decimated. Because of this, it’s critical to get some good […]

29 March 2022

Mandatory Director ID: support and resources

What has changed and where do I find support? Director Identification Numbers (director ID) are a requirement for all company directors, designed to help combat illegal activity by making it easier to trace directors’ relationships with companies. Once you have obtained your own director ID, you can view it online, and update your details at […]

21 March 2022

We are searching and hiring – Client Services Coordinator

The role purpose The purpose of this role is to actively support a Senior Adviser by providing financial planning administrative assistance which includes the ability to confidently communicate with clients. The role requires an understanding of the importance of working closely with other team members and external professionals to ensure our clients receive a seamless […]

16 March 2022

Let’s Chat: Zoodoo are taking care of business

Zoodoo has a vision of a healthy planet that is home to wildlife, wild places and people. We agree this is a fantastic vision to support and when COVID hit the business hard in 2020 and the goal also became one of survival. Earlier that same year, the close-knit team did a shout out to […]

30 June 2020

Taking Care of Business: minimise tax burden and maximise tax opportunity

Pictured: Bruno Palermo, CA, Senior Adviser at Collins SBA We understand that tax time can be a stressful period for business owners and individuals. Even more so for Lawyers given the unique and complex circumstances of their businesses. In our experience, taking proactive steps to get your financial house in order will help minimise any […]

5 June 2020

Shaping a better future: ethical investing as a catalyst for change

Ethical investing has the power to shape a better future by serving as a catalyst for change in business practices. Let’s explore the potential of ethical investments to drive systemic change, influence company behaviour, and promote greater sustainability. Ethical Investing also known as socially responsible investing (SRI) or sustainable investing goes beyond traditional financial considerations. […]

18 May 2020

The ripple effect: how ethical investing influences communities

Ethical investing has the power to go beyond individual financial gains and create a ripple effect that positivelt influences communities. Let’s explore the role of ethical investments in fostering sustainable communities and showcase the transformative impact that ethical investments can have when financial decisions align with social and environmental values. Ethical Investing also known as […]

18 May 2020

Beyond profit: the broader impact of ethical investing

In the world of investing, the pursuit of financial returns has long been the primary focus. However, ethical investing has paved the way for a paradigm shift, highlighting the multi-dimensional benefit’s that extend beyond mere profitability. Let’s explore the broader impact that ethical investments can have on society, the environment and corporate governance Ethical Investing […]

18 May 2020

The power of values: investing in alignment with personal beliefs

The power of personal values cannot be underestimated when we discuss ethical investing. Your values often serve as the foundation of ouyr decision-making process, guiding your actions and shaping your business philosophy. Investing in companies that share similar values can not only drive positive change but also support meaningful causes that resonate with your core […]

18 May 2020

Understanding ethical investing: a path to purposeful growth

In today’s ever-changing business landscape, ethical investing has emerged as a powerful tool for individuals and businesses to create positive impact while achieving financial goals. At Collins SBA we understand the important of ethical investing and it’s relevance to the communities and businesses we serve. We also recognise that our clients who are small to […]

18 May 2020

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Liability limited by a scheme approved under Professional Standards Legislation. Please note that SBA Advice is not responsible for the advice and services provided by SBA Financial Group Pty Ltd Collins SBA is a registered trading name of SBA Wealth Management Pty Ltd | ACN 160 881 587 Authorised Representative of SBA Advice Pty Ltd AFSL 488301 | ABN 44 611 373 383. Crafted with care by Hunt & Hawk & Pixel Fish.