Morris Accounting was established in 2007 and has quickly grown to be a leading accounting practice. Our aim is to provide the highest level of professional services and value to our clients to help them achieve greater personal and business wealth.
The team at Morris Accounting works with a large cross section of clients on advisory issues such as business management, tax minimisation and business expansion planning. Morris Accounting also helps clients with business valuations, acquisitions and sales.
Our extensive experience comes from working with small and medium sized businesses in a range of industries including professional services, manufacturing, wholesaling, retailing, hospitality and primary production.
We provide practical advice to our clients to help them grow their businesses. Implementing a few simple ideas, such as these, can really help your business financially.
1. Set financial goals that are measurable over a period of time, such as expected growth, turnover, projected staffing increases, what your business strategy is (eg growth, acquisition, winding up the business etc).
2. Review your record keeping systems so you have a simple but accurate way of keeping your financial records.
3. Develop a budget and work out what business expenses you can claim.
4. Be tax compliant and make sure you keep copies of all records for five years.
5. Don't be scared to outsource jobs that you are not skilled at.
6. Protect yourself from fraud, especially invoice fraud which is one of the biggest types of fraud that small and medium sized business is susceptible to. Check for scam alerts at
www.fairtrading.qld.gov.au or
www.fido.asic.gov.au.
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