Justin’s Better Business – May 2014

Clear Vision • May 4, 2014

Welcome to my first “Better Business” edition as Clear Vision Accountancy Group.
This month will feature The 5 Top Reasons to Adopt Cloud Accounting.
We will be conducting a Cloud Accounting Seminar on Tuesday 3 June – contact Nicole at the office or myself for more information.

Cheers,
Justin

Without a doubt, cloud computing and cloud accounting, is here to stay. And at Clear Vision we’re pretty excited about the opportunities that this new technology is bringing for our clients and how we work with them to better manage their finances and business. This is one technology you shouldn’t ignore for too long.

Here are the top 5 reasons why we think businesses should considering adopting a cloud accounting system:

Access Anywhere at any Time
Everything from your account balances to outstanding invoices can be accessed securely 24 hours a day, 7 days a week. You can work in your accounts from your pc in the traditional way (albeit via a login to the cloud) or your can take advantage of the cloud system to access it on the road, on mobile devices or anywhere you can access a web based device.

Reduction and Spread in Costs
Cloud accounting software is most often installed for free. You then pay a monthly fee depending on the level of services you require and the product you are using. There are no extra costs for upgrading the software either. Upgrades are simply done at the provider’s end with you receiving a notice of extra features and functions are they are added. With accounts from just $50 a month this makes cloud accounting an excellent option for start-up and small businesses.

Because cloud accounting scales up easily it is also suitable for larger enterprises or those going through significant growth periods.

Increased Security
With cloud accounting all data is stored on the cloud and is continually backed up by the service provider so that you don’t have to worry about your server dying or your internal back-ups not working. Online password access means there is no local data to be improperly accessed or lost through improper access to office pcs. The system logs out any user who leaves a login idle.

The system will also track user activity so you can see which of your accounts is using or amending the information.

Improved Data Accuracy
Cloud accounting uses real time data and can connect with your bank accounts to provide updates without additional data entry. This can eliminate error prone procedures and keep your data accurate and matched up between accounts.

Easy and Instant Communication
Being able to share data and work on accounts at the same time can lead to better communication and improved business decisions. This is particularly true if you are working with Clear Vision. We offer services specifically for cloud accounting users that can help you better manage your business and provide insights that are more immediate and more cost effective than has ever previously been possible.

If you’re already convinced of the value of cloud accounting and want to move ahead please contact us to discuss the best solution for your business. If you want to know more you can also get in touch or come along to our seminar on Tuesday 3 June.

Challenge for this month – attend our Cloud Accounting Seminar!
Come along to the seminar and see what the cloud can offer your business.
Einstein said it best – “Insanity is doing the same thing over and over again & expecting different results”.If you are searching for a better result next financial year now is the time to make some productive changes…

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By Caroline Gillies • June 1, 2025
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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?