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  • Industrial Services
    sales targets Monthly reporting including specially targeted KPIs focusing on achieving monthly sales at the required margin backed up by a focus on low work in progress and debtors achieved excellent profitability and cash flow resulting in significant improvements to its cash position Contact Us Book your free introductory meeting today Find Out More Read our Case Studies to see how we can make your life easier Need Bookkeeping We

    Original URL path: http://www.lshaccounting.com.au/case-study/industrial-services (2016-04-29)
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  • Retail (Large)
    business benchmark statistics for their industry we identified that they earned lower than average margins and had excessive debtors A quarterly reporting process including KPIs focused on business improvement activities resulted in growing revenue higher margins and improved cash flow Contact Us Book your free introductory meeting today Find Out More Read our Case Studies to see how we can make your life easier Need Bookkeeping We partner with Netbooks

    Original URL path: http://www.lshaccounting.com.au/case-study/retail (2016-04-29)
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  • How do I achieve my retirement income goal?
    Assuming your current superannuation returns 4 and inflation runs at 3 the 200 000 that you currently have in super will be able to generate approximately 14 5 of your retirement income needs If your super earns a clear 6 5 per year your current 200 000 in super will meet 33 5 of you retirement income needs in 25 years With regard to your income say you earn 120 000 per annum with compulsory superannuation contributions of 9 180 this amount will rise in the coming years as the SG rate increases from 9 25 to 12 Taking into account increases in your income for inflation your compulsory superannuation contributions will contribute an additional 23 of your retirement income needs assuming the investments grow at a conservative 3 per annum over the 25 years until your desired retirement If you can or are willing to delay your retirement you could have between 50 and 75 of your goal satisfied Clearly relying on compulsory superannuation contributions alone means that your income goal will not be met Action needs to be taken to accelerate your superannuation or other savings Whilst many of us believe as the financial burden of a family reduce as we get older and then we will have greater capacity to save for our retirement in reality it is in our last 10 to 15 years of work that we are really able to put away enough money to save for our retirement If you want to hit the retirement targets that you have let s hope you have a target then you need your business and personal plans aligned and being monitored What s your target Will it be hit Previous Next Search the Blog Recent Posts How do I achieve my retirement income goal How Much

    Original URL path: http://www.lshaccounting.com.au/_blog/Blog/post/how-do-i-achieve-my-retirement-income-goal/ (2016-04-29)
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  • How Much Money Do I need to Retire?
    your expenditure plan includes a savings component such as salary sacrificing into superannuation If you are in business you also need a budget to ensure that there is surplus cash flow from your business for these savings and that your business cash flow is not being chewed up by excess working capital e g slow paying customers You need to be aware of these issues and plan for them so you can achieve your targets A target not set will never be hit There are many tools that can assist you in tracking your personal expenditure and business cash flow it s simply a matter of being organised which with online tools is easier than ever As a rough guide the Association of Super Funds of Australia has calculated that a couple needs 56 000 per annum to comfortably retire Estimated retirement income needs to be adjusted for inflation for each year you are away from retirement While most can avoid expenditure in retirement on expenses relating to children and mortgages these may also need to be factored in for some In addition some often find that they have particular travel plans etc or that their lifestyles are more active and costly once they finish work which may also need to be factored in Say inflation averages 3 per annum and you are 10 years from retirement then the income required will be 34 higher when you retire so you are going to need 75 000 per annum to live comfortably based on the 56 000 above If inflation averages 5 you will need more like 87 000 per annum It s probably best to build in a buffer of 10 20 as well so those extras are also covered in case you have underestimated your expenditure or your income

    Original URL path: http://www.lshaccounting.com.au/_blog/Blog/post/how-much-money-do-i-need-to-retire/ (2016-04-29)
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  • Recent FBT Frenzy
    generally choose the log book method as this would often give you the lower FBT liability Everyone else tends to use the statutory formula method Fringe benefits tax applies to the personal use percentage Under the announced changes the option to apply a flat 20 statutory rate would be abolished Everyone would need to use the log book method from 1 April 2014 The only exception would be for existing contracts as at 16 July 2013 the date the announcement was made As long as these arrangements are not materially varied after 16 July 2013 the statutory formula method will continue to be available until the contract ends While it is unclear what materially varied might mean there is nothing more than a media release and basic fact sheet at this stage if we look at other areas of recent FBT change materially varied could mean renegotiating the residual value of a car extending the term of the lease or making changes to the salary sacrifice arrangement between the employee and employer Who will be affected Outside of the car and car financing industry the change if enacted is likely to apply to almost anyone who has a car salary sacrifice agreement in place unless they are already using the log book method due to relatively high levels of business use Who will be affected Outside of the car and car financing industry the change if enacted is likely to apply to almost anyone who has a car salary sacrifice agreement in place unless they are already using the log book method due to relatively high levels of business use What should you be doing now Businesses or employees looking to enter into new arrangements should stop and consider whether the arrangements can be postponed until at least after the

    Original URL path: http://www.lshaccounting.com.au/_blog/Blog/post/recent-fbt-frenzy/ (2016-04-29)
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  • Why would someone buy from you and not the person down the road?
    anyone can say that Does your marketing move beyond puffery We believe you need to make it tangible give proof put numbers and facts around it Easier said than done And from our experience not a path many take Seven Consulting is a project management services company who make some big claims but back them up They have grown each year of their 10 year existence and have made the BRW Fast 100 six years in a row an achievement unmatched by any other company Here are some of the claims they make We manage large scale comple IT projects for ASX Top 100 We are an independend Australian Company We have strong repeat business and 100 delivery success Pretty standard stuff but how do they prove it in their marketing messages We manage large scale complex IT projects for ASX Top 100 we currently directly manage over A 500M in projects and provide program office management for 1 5B We are an independent Australian company we have no formal or informal relationships or partnerships We have strong repeat business and 100 delivery success we can provide references for every assignment done since inception in 2002 Our first clients are still trusting us with their most important project and programs In other words we re substantial so we can meet your needs are truly independent so there will be no conflicts of interest in our advice and our clients are highly satisfied A pretty significant competitive advantage in a market where many such businesses are just body shops Not just words but facts and numbers they are willing to stake their reputation on So is your competitive something a well kept secret Can your prospects get a real feel for what makes you different beyond words and spin If not

    Original URL path: http://www.lshaccounting.com.au/_blog/Blog/post/Why_would_someone_buy_from_you_and_not_the_person_down_the_road/ (2016-04-29)
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  • LSH Accounting Blog
    but also have simultaneously great cash flow problems and this is often the prime reason for business failure We find it interesting that many businesses with cash flow problems devote a lot of energy to increasing sales but pay little attention to the other factors impacting on cash flow such as waste rostering inefficiencies stock control and debtor control Read more Facebook Comments What will be your game changing strategy for 2013 LSH Accounting Friday December 14 2012 Challenge your plans for 2013 using the questions in this article Read more Facebook Comments 10 TIPS TO TRIPLING YOUR SALES LSH Accounting Friday November 23 2012 In marketing what gives you a real return Read more Facebook Comments 4 PRICING MISTAKES TO AVOID LSH Accounting Monday October 15 2012 In our work we have found that the reviewing of pricing methods and strategies provide the quickest improvement to the profitability of a business Many businesses are unknowingly giving away profit Read more Facebook Comments Previous 1 2 3 Next Search the Blog Recent Posts How do I achieve my retirement income goal How Much Money Do I need to Retire Recent FBT Frenzy Why would someone buy from you and not

    Original URL path: http://www.lshaccounting.com.au/_blog/Blog/page/2/ (2016-04-29)
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  • LSH Accounting Blog
    Welcome to our new Blog LSH Accounting Wednesday September 26 2012 Welcome to the LSH Accounting blog Keep an eye out as we post updates from our team and useful tips that will help you and your business Facebook Comments Previous 1 2 3 Next Search the Blog Recent Posts How do I achieve my retirement income goal How Much Money Do I need to Retire Recent FBT Frenzy Why

    Original URL path: http://www.lshaccounting.com.au/_blog/Blog/page/3/ (2016-04-29)
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