Blog Layout

๐‚๐ฅ๐ข๐ž๐ง๐ญ ๐’๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ ๐’๐ญ๐จ๐ซ๐ฒ - ๐“๐ซ๐š๐๐ž ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ

John Reilly • September 16, 2024

Client Success Story - Trade Business

We have a new tradie client who started business about 18 months ago.  It is a father and son operation, with the unique situation of the son being the qualified tradesman and the father having years of trade experience. 


As with many young tradesmen starting their own business, they are purely focused on getting the work done timely and correctly, without much thought of the rest of the issues of running a business. 


Having the father with a vested interest has really made this business work.    We have worked with the father on setting up the quoting and invoicing processes and discussed the costings used for materials, charge rates of labour and allowances for overs.  We have also emphasised the need to stop work and get variations approved before continuing. 


With the calmer head of the father, he has focused on all aspects of running the business properly, including paying all taxes and super in time, if not early.  Cash flow management has been excellent. 


Their success has meant they are now looking to buy a small factory to operate their business.

By John Reilly April 15, 2025
Your obligations under GST
By John Reilly April 8, 2025
Have you checked your Supplier's ABN?
By John Reilly March 31, 2025
You can't always claim all the GST you have paid?
By John Reilly March 24, 2025
How do you calculate your Car's Fringe Benefits Tax?
By John Reilly March 17, 2025
Electric & Hybrid Vehicle Exemptions
By John Reilly March 10, 2025
Is your Motor Vehicle exempt from FBT?
By John Reilly March 4, 2025
Are you completing your log book correctly?
By John Reilly February 24, 2025
Getting money out of your company?
By John Reilly February 17, 2025
How is your BAS different now that you operate as a company?
By John Reilly February 10, 2025
Paying company tax? What's different to being a sole trader?
More Posts
Share by: