The Gordian Knot – unfortunately Wikipedia in part defines the metaphor as cheating to solve a problem, however, we’ll have no talk of cheating here. We like the metaphor where to solve the intractable problem requires thinking outside the box. What has this to do with business? For some people Tax and being taxed is [...]
Understanding your balance sheet
by Cornerstone Consulting
on April 10, 2012
· 0 Comments
· in Balance Sheet, Financial reports, Profit and Loss
Lets help you understand your balance sheet. The first thing to know about a balance sheet is that it should be balanced; assets less liabilities should equal your equity (basically share capital plus retained profits). The best way to tell if a balance sheet is balanced is; Add up the assets subtract the liabilities and [...]
What is the best way to save tax? Spend more money. Earn less money. Transfer all your profits overseas. Set-up a complicated tax structure. Pay your children up to the income tax free threshold. Pay some super into your parents tax free super fund. Keep earning a profit on selling your principal place of residence. [...]
Leaving Annandale…… We’ve totally enjoyed working in Annandale these past 3 years but we are now leaving and moving our office to Ashfield. See our contact page for details. As everyone knows, technology is advancing all the time and the great news for us is that because of technology we can use less physical space [...]
Business 1 is involved in a professional services industry. The owners of the business had a really good vision regarding what they wanted from the business. They felt there was an opportunity in the industry to create something different from the competition. The strongest vision was probably around how they wanted the organisation to be [...]
Today we started our Case Study page. We will be charting the progress of three businesses. We will recap the progress so far; what they do, where they have come from and where they hope to be in the future. The Cornerstones of business are; Financial (recording, reporting, using) People (staff) Knowledge and learning (what [...]
What does your company spend on the accounts each year – bookkeeper – accountant – your time – consultants – wasted time ( what is the cost of that) Add up all those costs and see what it comes to on an annual basis. And then after you have spent that money are you getting [...]
Cornerstone Consulting – Making Tax Easy! The key elements to being great at tax and therefore great for our clients are; A brain. Experience. Knowledge. Tenacity to get the best result. Ability to apply all the above to a problem. Communicate in simple language. Take the stress out of dealing with tax stuff.
Some of our clients have come to realise and make use of the great R&D (Research and Development Grant ) solutions we provide. For a local boutique firm, we help many clients with their R&D needs. We know from experience that our level of expertise when it comes to R&D rivals that (and arguably exceeds [...]
Over the coming weeks we will be posting more information regarding our CFO Services. Facts, case studies, useful information to name a few. Over the past 8 years, we have been offering Outsourced CFO services to our clients. What we know about outsourcing the CFO or finance dept is that your business can enjoy some [...]
