Finally, the days are getting warmer and footy is over for another year.
Business Advisory
One of our key areas of focus is to help businesses maximise their outcomes from both a business and personal perspective. Over the years we have witnessed many of our business clients struggle to find both the time, discipline and a reliable process to effectively complete robust strategic plans. Conversely, we have seen those businesses with effective plans that are regularly reviewed, thrive.
Given this growing need, we have decided to further enhance our capability in this important area and are developing processes and tools to be able to help business not only plan but enhance their ability to implement key initiatives.
Most businesses in Australia are SME’s (small to medium sized businesses) and are essentially extensions of their owner’s passion, capabilities, goals and ambitions. They need assistance to plan effectively and want confidence and accountability in those plans before they will change their business.
Speak with your Caveo Partners Business Accountant/Adviser and discuss our exciting new advisory services packages, particularly in ‘sounding board’ services such as CFO and Board of Advice Programs. CFO services provide deeper, more regular access to your accountant/business adviser to deliver a more detailed analysis of your business, budget performance and where it can be improved. Board of Advice programs set up an ongoing advisory board structure for the business to review KPI performance, enable the business to seek external advice before making key decisions as well as implementing key projects and changes to further enhance performance and the business. It involves an annual strategic planning day and quarterly advisory board meetings.
Economic Update
The Australian economy posted a solid performance in Q2, following Q1’s disappointing result. Growth was driven by strong government and household consumption, as well as a positive contribution from net exports, which benefitted from an upswing in commodity prices. Despite the positive headline however, the economy is not yet out of the woods and remains vulnerable. Economic growth is not expected to fall back to the rates seen in Q1, as businesses remain confident and consumer confidence ticked back up in September. Continued improvements in the labour market should gradually push down underemployment and bolster consumer confidence further, lifting retail sales that came in flat in July.
Integrated Advice
There is something to be said for expert advice in an area that affects the lives of every single one of us – our finances. It’s natural to want to stay in control of your finances, but keeping up to date with the various strategies across accounting, tax, wealth, finance and estate planning is very difficult. I encourage all clients to make use of our “Integrated Advice Services” and discuss your individual needs with your trusted Caveo Partners Adviser so we can help with all your business and family’s financial needs.
Stefan Lipkiewicz
Managing Director