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STM Accounting Blog

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28 Nov

5 challenges for small business - and how to beat them!

Want to know how to beat the most common business challenges? We’ve highlighted five common challenges and the simple ways to overcome them. 



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17 Nov

Training vs Trial & Error: Why Teaching Staff to Use Software Properly Pays Off

Trial and error might feel easier, but proper training gives you clean data, confident staff, and the ability to actually use your software to grow your business. What you can measure, you can control - and what you control, you can change.



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21 Oct

Could your business survive without you?

Would your business fall apart without you? What’s your Plan B in case of accident, illness, or just so you can take an occasional holiday? If you were thinking of selling it, what’s your exit strategy?



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21 Oct

Cash is not profit and vice versa

Cash is King. To work out how fast you can grow your business, you need to look at your projected cashflow. 



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21 Oct

The value of cashflow forecasting for your business

A business cash flow forecast will give you vital business intelligence to help you scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow position. Find out how it can help your business.



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29 Sep

Does your Aussie small business have a succession plan?

Research from MYOB shows nearly half of Baby Boomer business owners are planning to exit in the next 1 to 5 years. But do you have a succession plan in place to guide this exit?



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29 Sep

Keeping your tax and expenses in check when you are self-employed

Working for yourself or running your own business? Setup robust systems for expenses & tax requirements so you can focus on your important tasks. We can help take the headaches out of your business accounting. 



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29 Sep

The right to work from home: the potential impact for your employees and business

Proposed legislation from the Victorian Labor Government could offer your employees the right to work from home 2 days per week. We’ve outlined how to make the most of WFH. 



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29 Sep

Gen Z in a Boomer workplace?

7 in 10 managers liken supervising Gen Z to babysitting or parenting. But is your people management style what’s at fault? We explain how to get the best from your Gen Z employees. 



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18 Aug

The art of delegation

Effective delegation frees up time and boosts productivity by allowing others to take on tasks. Assessing the right person, providing clear instructions and setting timeframes results in enhanced team skills, better outcomes and higher productivity.



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18 Aug

5 ways to get in control of your business finances

We’ve got 5 simple ways to get more from your finances – by embracing the latest in digital accounting and finance apps.



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18 Aug

Understanding the impact of Cost of Sales (CoS)

Your Cost of Sales (CoS) is a vital financial metric to understand. We’ve highlighted 5 important ways that CoS impacts on your operational efficiency and your financial health. 



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18 Aug

Honesty is not a core value: Why you must dare to stand out

Core values define your business's identity and uniqueness. Focusing on distinct values that reflect your purpose and sharing and embodying these values fosters a stronger workplace culture and enhances relationships and results.



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28 Jul

The value of old-fashioned customer service: getting customer feedback

Your customers are one of your most valuable assets. But how often are you talking to customers and asking for their feedback? Here are 5 ways to improve your customer service. 



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28 Jul

If I’m working ON my business what should I be doing?

I’m sure you’ve heard about the need to work ‘on’ your business as well as working ‘in’ your business. But have you ever stopped to think what exactly you should be doing?



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28 Jul

Do you need to improve the cash flow position for your business?

Turning a profit is at the heart of running any successful company - But without cash flow, you can't run your day-to-day operations or grow the business. 



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20 Jun

Making your business work for you: passing the business to the next generation

How do you get your business ready to hand on to the next generation? We’ve outlined five key steps for adding value to the business and getting a clear exit strategy in place. 



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20 Jun

Bringing your cashflow processes into the digital age

When economic times are tough, it helps to be in control of your cashflow. We explain how to improve your cashflow – and how this helps you run your business through tough times. 



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20 Jun

Business tips: Budgeting and managing cashflow

Do you know the best way to manage a project budget? We’ll help you build solid, workable budgets that can be easily tracked through your accounting system. 



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26 May

Denying deductions for ATO interest charges

After 1 July 2025 taxpayers will no longer be able to claim an income tax deduction for ATO interest charges.



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20 May

Tax measures proposed by the re-elected ALP

Australian Labor party (ALP) will form the government for a second consecutive term after winning the Federal election with majority seats. We have summarised for you, all tax measures proposed by the ALP throughout their federal election campaign.



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20 May

Coping with the skyrocketing cost of living

Household living costs have skyrocketed and seem set to keep rising this year. Here are our 12 top tips for coping with the rapidly increasing cost of living – ways to earn more, spend less, and invest in your future. 



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20 May

Underpaying your staff is now a criminal offence: what this means for your business

It’s now a criminal offence to intentionally underpay your employees. Here’s the lowdown on the new Voluntary Small Business Wage Compliance Code and what it means for your business. 



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28 Apr

Learn about short stay levy and property taxes

If you are accepting bookings for short stays in Victorian property, you may need to register for the short stay levy to lodge and pay your returns.



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28 Apr

Making your business work for you: making enough to retire

Are you thinking of retiring in the near future? Now’s the time to start planning your exit strategy, so you have a business that delivers the ROI and capital you need to fund your retirement. 



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28 Apr

Recruit a great team

A dedicated team can be the point of difference that propels your business from good to great. Here are some tips for successful recruitment.



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28 Apr

Tropical Cyclone Arthur: disaster recovery grants now available

If your Queensland small business was affected by Tropical Storm Arthur, you may be eligible for the new Exceptional Disaster Assistance Recovery Grant.



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25 Mar

Making your business work for you: securing your lifestyle

Is your business providing the income you need to secure your desired lifestyle? We’ve got some hot tips for boosting revenue, profits and your ability to draw down income.



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25 Mar

Understanding Your Balance Sheet

Are you confident in understanding the financial snapshot of your balance sheet? Book a session now to analyse your reports with an experienced business advisor.



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25 Mar

The Project Management Triangle: Quickly, Cheaply, or Done Well - Pick Two!

The Project Management Triangle shows you can't have it all - fast, cheap, and perfect. Prioritise two: speed, cost, or quality. Learn how this timeless concept helps set realistic expectations and deliver successful projects every time.



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18 Feb

Are You Suffering from Business Burnout?

Are you feeling burned out from your business? There are some simple strategies to regain enthusiasm. Relieve the stress by managing systems, tech, payroll or other financial administration. 



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18 Feb

How to optimise your business: build on those customer relationships

Building better relationships with your customers is a key way to optimise your business for the future. We’ve got four tips for nurturing those customer relationships. 



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18 Feb

How to optimise your business: get proactive with your finances

Looking to get in control of your finances in 2025? Embracing the latest financial tech is a great way to put yourself in the driving seat. We’ve got five ways to boost your finances.



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28 Nov '24

Managing change in your business

70% of change projects within a business fail. The biggest factor for success is employee engagement, here are 8 ways to engage your team and get them onboard with changes.



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28 Nov '24

Potential threats to your business value

Your successful business can quickly start to lose value if you don’t keep pace with a changing market. Check out these five threats that could be undermining the value of your business. 



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28 Nov '24

Planning for seasonal dips in income

Struggling with seasonal dips and poor cashflow? We’ll help you identify the timing of your seasonal downtime, and create a strategy for stabilising your income across the year. 



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Contact Us Today.

Whatever your requirements, we can help you find the solution.

Unit 6, 1 Sigma Drive Croydon South, VIC 3136


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