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Welcome

Does Your Accountant Know You By Name?

At Peter Radford Accountant and Tax Agent we don’t just know your financials!
We are more interested in knowing You, your Partnership, Business, Trust or SMFS‘s goals and helping you achieve them.

We are committed to personal and friendly service, offering a client-focused accounting experience.

How can We Help?

For over fourteen years the team at Peter Radford Accountant and Tax Agent have worked closely with our clients to make informed decisions and achieve both business and personal goals.

Based in Morayfield, we are easily accessible to help you with a range of services from tax matters and software training to business advisory and strategic planning.

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Tax
preparation

We make a point of understanding the individual taxation needs of every client, whether they require help with company tax, personal tax effectiveness or indirect taxation including payroll tax and GST.

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accounting services

Our accounting services involve much more than preparing financial statements every year. We ensure our clients’ compliance needs are taken care of, allowing them to focus on their own professional, personal and business needs.

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superannuation services

Regardless of the stage in life you are at, it is important to be aware of your superannuation and what it can do for you in the future. We assist our clients in taking control of their superannuation and aligning it with their future lifestyle goals.

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business development

We like to work closely with a business as it transitions through the different stages of its life so we can provide accurate and timely advice at each stage of the business’s lifecycle.

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company secretarial

Regardless the size of your business, we can support you with highly qualified secretarial and support staff that will take care of managing a business’s compliance, corporate governance and secretarial responsibilities, so owners can concentrate on running their business efficiently.

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other
services

- Estates and trusts
- Financial accounts
- Business health checks
- Corporate compliance
- Franchise and business services
- Business advisory services
- Succession planning
- Buying and selling a business

maximise your business's value

latest news

How to Manage Cash Flow and Plan for Growth: A Guide for Small Businesses In The Lead Up To EOFY

Posted on May 20, 2024 by admin

Effective cash flow management is essential for the success and growth of any small business.

Proper budgeting, forecasting, and managing finances ensure that your business remains solvent and can seize growth opportunities when they arise.

Here are key tips and strategies to help small businesses manage cash flow and plan for sustainable growth.

1. Understanding Cash Flow

Cash Flow Basics:

Cash flow refers to the movement of money in and out of your business. Positive cash flow means more money is coming in than going out, which is essential for covering expenses and investing in growth. Negative cash flow, on the other hand, indicates that expenses are exceeding income, which can lead to financial trouble if not addressed.

Cash Flow Statement:

A cash flow statement is a financial document that provides a detailed analysis of cash inflows and outflows over a specific period. It is divided into three sections:

2. Budgeting

Creating a Budget:

A well-planned budget is the cornerstone of effective financial management. It involves estimating your revenue and expenses for a future period, usually a year.

Steps to Create a Budget:

3. Forecasting

Importance of Forecasting:

Financial forecasting involves predicting future revenues, expenses, and cash flow. Accurate forecasts help you anticipate financial needs, plan for growth, and make informed business decisions.

Types of Forecasting:
Steps to Forecast:

4. Managing Finances

Accounts Receivable and Payable:
Inventory Management:

Efficient inventory management prevents excess stock and reduces holding costs. Use inventory management software to track stock levels, forecast demand, and automate reordering.

Cost Control:

Regularly review expenses to identify areas for cost savings. Implement cost-control measures such as reducing waste, renegotiating contracts, and improving operational efficiency.

5. Securing Funding and Investment

Funding Options:
Preparing for Investment:
Building Investor Relationships:

Managing cash flow and planning for growth require diligent financial management, strategic planning, and an understanding of funding options.

By creating and monitoring budgets, accurately forecasting financial performance, managing expenses, and securing appropriate funding, small businesses can navigate financial challenges and position themselves for long-term success.

With careful planning and disciplined execution, you can ensure that your business not only survives but thrives in a competitive marketplace.

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