MBC Blog

Family Business – Facts, Myths and Challenges

How to Have a Merry Family Business Christmas!  The ingredients for success in life could be - aim high, work… Read More →

Life Insurance and Income Protection – Are You Under or Over Insuring…

How do you decide what is the right amount?  It’s the age-old insurance question - how much is too much insurance an… Read More →

Bookkeeping Compliance and Fine Prevention

Bookkeeping compliance and fine prevention – those terms alone can strike a fear as cold as ice into the hearts of most SME … Read More →

Writing a business plan: What can your business learn from the Wallabies?

Many businesses fall into the trap of operating by default instead of by design. They constantly react to external factors rather th… Read More →

5 tips to grow a small business sustainably

If you’re a small business owner, you may not want to stay small forever. But growing your business for a secure long-term fut… Read More →

Should you buy your family farm using your SMSF?

Buying a rural property can be an exciting time for any family. But, whether you’re an aspiring farmer-to-be or simply adding … Read More →

Business owners: Is hiring more employees the best option if you are turning work away?

Are you turning business away because you don’t have the capacity to get work done? While the first reaction may seem obvious… Read More →

Revealed: The 3 questions that should be at the top of any financial health checklist

With the final financial year BAS under your belt and the tax figures ready to go, now is the time to take stock of where you stand.… Read More →

What is a discretionary family trust – and why use it in your farming business?

Farming businesses can adopt a number of different business structures – but what is a discretionary family trust? And have yo… Read More →

What’s the difference between Accountant, Bookkeeper & Tax Agent?

An accountant, a tax agent and a bookkeeper walk into a bar … The stereotyped image of all three is that they are boring, w… Read More →

The key benefits of cloud accounting

With the new financial year upon us, have you considered switching to an online accounting system? The benefits of cloud accounting… Read More →

Have you got the right accountant for your business? 5 questions you should ask to find out

Are you 100 percent sure that you have the right accountant for your business? Unless you can answer that with a resounding YES, you… Read More →

How important is life insurance & income protection?

What is your most valuable asset?  Your house or your car? Or is it your ability to earn a living and look after yourself and y… Read More →

Use the Boom to weather the Bust– Why now is the time to address the challenges facing farmers

If you’re an Aussie farmer, the stereotype of the battler is an all too familiar one. Yet for all the lean times, there are t… Read More →

In-House vs Outsourced Bookkeeping: The results are in.

“Ah, the joys of bookkeeping!” said no business owner. Ever. However, the fact of the matter is that every business nee… Read More →

When is the best time to talk to your accountant?

Do you spend much of the year actively trying NOT to talk to your accountant? Hiding under the heap of work on your desk? And only p… Read More →

Business plans: 5 reasons why every small business needs one

So you want to start a small business. You’ve got a great idea. You’ve got passion and enthusiasm. You’ve even got… Read More →

4 ways a business consultant can help you grow your business

If your business has been operating for a while then chances are it’s doing pretty well. But like most things in life, there&r… Read More →

Why delegation is an investment for both you and your business

For a lot of business owners, delegating work can be a difficult decision. Offloading tasks to others can feel like you’re los… Read More →

Social media for business: A fad or a permanent shift in how we communicate?

Isn’t Twitter a waste of time? Isn’t Facebook for the kids? Not anymore. It’s true that Twitter and Facebook star… Read More →

Automating your quotes and proposals: 5 reasons to stop creating them manually

When a prospective client asks you for a quote, it's a powerful opportunity to make a sale. In fact, with the right response you may… Read More →

Business growth: 5 key ingredients for building a scalable business

The word ‘scalable’ gets used a lot these days in relation to business. “You’ve got to build your business s… Read More →

How to pay less tax, boost your super and ease into retirement

Two things first up: (1) If you want to (or have to) work past the age of 55, you need to read this article; or (2) If you know some… Read More →

The trap that can send your highly profitable business broke

There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theo… Read More →

Payroll tax: Why thinking you’re exempt isn’t worth the gamble

If you employ staff to help run your business, or you’re about to hire some, then you’re probably interested in whether … Read More →

3 factors that can affect how you’re taxed when selling your business

Getting ready to sell your business should be exciting. After all, this is the payoff for all the hard work you’ve put into es… Read More →

Leave it to the experts: 5 great reasons to outsource your business' bookkeeping

Good news! Outsourcing your small business’ bookkeeping has never been easier. Or more compelling. Advances in online techno… Read More →

Starting a business?: 7 things you must focus on to ensure you start off on the right foot

If you’re starting a new business (and especially if it’s your first), you’re going to make a lot of mistakes. Th… Read More →

Juggling cash flow? 3 ways to improve the cash flow in your small business

One of the most critical aspects of managing your small business is cash flow. According to Dun & Bradstreet, 90% of small busi… Read More →

ON versus IN - Why you should work on your business instead of just in it

“You need to work on your business, not just in your business.” Made popular by The E-Myth Revisited author Michael Ge… Read More →

4 reasons many businesses now use cloud accounting for their bookkeeping

The move towards cloud accounting is nothing new. Businesses have been operating “in the cloud” for years. Even accounti… Read More →

Key Person Insurance: Could your business survive losing one if its key people?

As much as you try to share skills, knowledge and information in your company, you probably have some people who are key to your bus… Read More →

“How’s business?” How to really measure your business’ performance

“How’s your business doing?” As a small business owner, you hear this question all the time. And chances are your… Read More →

Why small businesses are going to the cloud

“The cloud” is a phrase that means something very different these days, due to the increasing use of cloud computing. Bu… Read More →

Why you need to be making online superannuation contributions

Business Owners: Ready to ride the SuperStream? If you’re still paying your employees’ super with bank transfers (or w… Read More →

4 bookkeeping tips to help you grow your small business

Will next financial year be the one where your small business becomes a lot bigger? Will you see all your planning and hard work pay… Read More →

Recipe for success: 4 reasons to consider a franchise model for your restaurant

It’s been your dream for months (if not years), and now you’re determined to make it a reality. You’re going to o… Read More →

Chameleon Contractors: When a Contractor Becomes an Employee, and a Liability

In a lot of situations, hiring a contractor to get a particular job done makes perfect sense. It may require expertise or skills non… Read More →

Cash In Hand: 7 reasons business owners should stop raiding the till

Think back to the days before you started your business, when you were working for a boss. Chances are you were rewarded for your ha… Read More →

The numbers game: How to measure the performance of your restaurant or cafe

Whatever business you’re in, its success can be broken down into ‘key drivers’ and Key Performance Indicators. KPI… Read More →

9 ways you can pay less tax (but you need to act quickly)

Time is running out. If you want to take a few simple preventative measures to minimise or defer how much tax you will pay for this… Read More →

Restaurant business owners: 4 simple tips for creating a winning business plan

As a restaurant owner, you have a lot of your plate (pardon the pun). Not only do you have to keep it running day after day, you als… Read More →

Get It Done. Get It Read. Get Ahead

Success in business requires a number of essential ingredients. A sound strategy. A robust business model. Effective planning. Stron… Read More →

Opening a restaurant or cafe? Your 5-point checklist to picking a winning location

Watch any TV program about buying houses, and you can guarantee someone will talk about “location”. In fact, it’s … Read More →

Managing Receipts: 4 Apps to Save You Wasting Time on Administrivia

They say only two things are certain in life: death and taxes. For a lot of people, there’s also a third certainty in life: th… Read More →

For love or money? How smart restaurant and café owners make money running AND selling their business

You’ve always enjoyed food (and no, I don’t mean just eating it). Now you want to make a business out of it by opening y… Read More →

Where there’s a Will, there’s an Estate Plan. Well, there should be.

Let’s face it: no-one likes to think of death, especially their own. It’s not exactly a great conversation starter, is i… Read More →

Why a cash flow budget is vital for restaurant and cafe owners

The restaurant and café industries are tough ones to succeed in. Margins are usually tight, and so you need a good grip on yo… Read More →

Taking Cover: 5 Types of Business Insurance You Should Consider

Whoever said, “You can never have too much insurance” obviously never had to pay the premiums. Still, there’s no d… Read More →

3 Reasons a Personal Budget is Vital For Achieving Financial Goals

If a business owner said to you that they run their business without a budget, what would you think? You’d think they were inc… Read More →

5 payroll mistakes small businesses make (and how to avoid making them)

When you’re running a small business, it can be tempting to do everything yourself to keep costs down. But as much as you&rsq… Read More →

Why one of your New Year’s resolutions should be “Move to the cloud”

Think back to the New Year’s resolutions you’ve made in recent years. Chances are they included at least one of these: … Read More →

How to get your business going after an economic downturn

One of their most common questions I get from small business owners is, “How is everyone else going? Are they also finding it … Read More →