Are you managing your stock? And other news

Clear Vision • October 9, 2015

Do You Want Some Warm & Fuzzies?

Clear Vision in conjunction with Lifeline Toowoomba are raising money for a local Toowoomba family with their Back To School Supplies for 2016.

This local family have five children ranging from Year 12 to Prep and with the father severely injuring his arm and being unable to work life has gotten tough. Back to School time is expensive and with 5 school aged children the costs can easily run past $1000 when you start adding in shoes, uniforms, text books and backpacks.

We are asking our clients to create some “warm & fuzzy feelings” by helping us raise money for this family. You may notice at the bottom of our invoices is a new donation section, simply tick the box and write the amount you would like to help with.

Alternatively come and see Melissa at Reception for over the counter donations, or call us if you can help in other ways. We would love to hear from you!

Gossip…

Paul has recently come back from another holiday….. this man has more holidays than Tony Abbott is about to have! This time he went to Daydream Island with his family…lots of pool time and cocktails!

Justin went on the train to Spring Bluff for the Carnival of Flowers with his family. The gardens at Spring Bluff are looking amazing as usual and the tunnels provided lots of screaming entertainment for the kids!

Office of State Revenue Website Changes

The Office of State Revenue website has closed but the content can now be found on the Qld Government website. This move is to provide a one-stop shop for all government agencies.
All bookmarks to the OSR website you may already have saved will still redirect to the new web page, however if you wish to save the new website address below is the new link:
www.qld.gov.au/payrolltax. The new link for the Qld Land Tax to bookmark if used regularly is below:www.qld.gov.au/landtax
Financial Performance
As accountants and business advisors we often get asked by business owners how often they should be reviewing their financial performance.

While the answer will always be unique to the individual and business involved there is one thing we know for sure. Whether you spend a little time or a lot of time reviewing your financial performance you will always be better off than the business owner who does nothing!

Many business owners miss the opportunity for ongoing business improvement by failing to consider their financial performance other than at tax time.

That’s why Clear Vision has developed a dedicated, multi-level Financial Performance Monitoring Program to assist its business clients.

Drawing on your financial data, our business and accounting expertise and your knowledge of your business we offer three levels of performance monitoring and recommendations including:
1. Monthly Online/Email Review
2. Quarterly Face to Face
3. Monthly Face to Face
Contact Justin Searle to discuss which Financial Performance Monitoring level best suits your business.
Are You Managing Your Stock?

Anyone with stock in their business knows it’s a cash killer and also knows it’s critical to making money. Quite often it’s the biggest asset in the business and quite often it’s the hardest asset to sell when it’s time to sell the business. What are the issues?

Quite simply stock needs to managed. It’s the biggest asset in a business and when asked, under 5% of business have a formal stock management process. Biggest asset, biggest cash killer, no management =/ robust business practices. By working with Clear Vision Accountancy Group, we can help you develop and put in place an effective Stock Management Process. As part of this process, we can put in place Key Performance Indicators that allows you to manage your stock on a weekly basis (depending on your needs – sometimes monthly is more appropriate). The best part is, you take action much more quickly when business isn’t as effective as expected – that helps cashflow.

Capital Gains Tax Implications of Subdividing Land in Australia

By Caroline Gillies • June 1, 2025
The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.

Autumn Tax Tips: Make the Most of the Final Weeks Before Year-End

By Caroline Gillies • May 25, 2025
As we step into the final week of autumn and feel winter’s chill approaching, it’s a natural time for reflection—and that includes taking stock of your financial and tax situation. The end of the year is closer than it seems, and a bit of preparation now can make a significant difference come tax season. Here are a few things to consider as the leaves fall: 1. Review Your Income and Deductions This is a good moment to check your income year-to-date and consider whether there are any deductions you can still take advantage of. Charitable donations or investment losses might help reduce your taxable income before year-end. 2. Maximise Super Concessional Contributions If you haven’t yet maxed out your superannuation concessional contributions, there’s still time. Remember unused cap amounts carry forward for 5 years and the 2019-20 unused cap amount will expire 30 June 2025. These contributions not only help secure your future but can also offer tax benefits now. 3. Organise Your Records Autumn’s slower pace is perfect for pulling together receipts, invoices, and financial documents. Getting organised now means less stress later when tax season begins in earnest. 4. Consider Tax-Loss Harvesting If you’ve had investments that underperformed, selling them before the end of the year to offset gains can be a strategic move. Consult with us today to see if this makes sense for you. 5. Plan Ahead Winter may bring holidays and downtime, but it's also a good window to consult with a tax professional. A quick meeting before year-end can reveal savings opportunities or help avoid surprises when you file. So, as the days grow shorter and frost begins to settle in, use this time to bring clarity and warmth to your finances.

Have you Thought About Where Your Business Will Be in 5 Years?

By Caroline Gillies • May 11, 2025
At Clear Vision Accountancy Group, we offer tailored services to support your long-term success—from strategic business planning to high-end tax administration. Whether you're aiming for growth, improved profitability, or a clearer direction, we're here to help you build a plan that gets results. If you're ready to map out the next five years with clarity and confidence, contact us today on (07) 4688 2500. Our 1-Page Business Plan will help you with: 1. Vision & Purpose Where are you headed, and why does it matter? What is the core purpose of your business? In five years, what positive impact will you have made on your customers, team, or community? What do you want your business to be recognised for within your industry? 2. Growth & Scale What does success look like, and how will you achieve it? What revenue, profit, or market position are you targeting? How many clients or customers do you want to serve—and in which markets? Are you planning to expand your offerings or enter new territories? 3. Team & Culture Who is helping you build it—and how? What does your ideal team look like in terms of structure, culture, and capabilities? How will you attract, retain, and develop top talent? What kind of leadership values and workplace environment will you foster? 4. Operations & Systems How will you deliver at scale—efficiently and reliably? What systems and workflows need to be in place to support sustainable growth? Which technologies or platforms will you implement to improve efficiency? How automated or streamlined do you want your business operations to become? 5. Brand & Customer Experience What do customers say about you—and why do they keep coming back? How will clients describe their experience with your business? What kind of reputation or brand presence will you be known for? What sets your business apart from the competition ?  Our Dream it. Plan it. Get it! will help you with: 1. Lifestyle & Personal Goals How does your business support the life you want to live? What level of involvement do you want in the day-to-day operations? What does ideal work-life balance look like for you? What personal or financial goals will your business help you achieve?