David Vine

5 questions for your accountant

Five questions all small business owners should ask their accountant

For many small business owners dealing with an accountant can seem an expensive task, useful only for getting the accounts finalised and helping with tax compliance. However, while a bad accountant could cost you much needed money, a good one could save your business cash in ways you may not have considered. Rather than focusing …

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Litmus Wines: How Ozlop helped my business move to the digital era

Litmus Wines: How Ozlop helped my business move to the digital era

There are many business owners who are great at product development and sales, but struggle to keep up with the daily demands of business management. If you’re finding it difficult to allocate time to basic but essential tasks such as bookkeeping, it’s worthwhile considering outsourcing the job. At Ozlop we regularly meet business owners who …

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Good bookkeeping habits

Four effective bookkeeping habits all small business owners should adopt

4 effective bookkeeping habits to adopt in 2020 Regular contact with your business plan (plan for big expenses such as tax, rent and people) Process receipts and keep records (easier than ever with apps) Regular invoice chasing and processing Regular oversight of books Too often at Ozlop we meet with entrepreneurs who have turned their …

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1. Four tactics to boost the profitability of your small business

Four tactics to boost the profitability of your small business

When you want to boost your business’ profitability without taking on more customers, the best thing you can do is look at where efficiencies can be made in your day to day operations. Not all businesses aspire to be the biggest and boldest in market. In fact, many of the business owners I meet think …

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When should your small business say no to large commercial contracts

When should your small business say no to large commercial contracts?

It is not uncommon for me to meet new business owners who are tempted to take a major contract because it will get their business off with a bang. Tempting though this might be, my advice is to be cautious about ‘big money’ contracts, they may end up costing you more than you think. Let …

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Keep calm Why uncertainty is no reason for small businesses to panic

Keep calm: Why uncertainty is no reason for small businesses to panic

With doom and gloom predictions in the press daily, you may be starting to feel a little concerned about what 2020 has in store for your small business. We don’t know what impact Brexit or a Christmas general election will have on the small end of the business community. What we do know, however, is …

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Why confusing invoices with statements of account will mean trouble for your business

Why confusing invoices with statements of account will mean trouble for your business

This week I want to talk about one of the most common bookkeeping mistakes we come across at Ozlop and how to tackle it: confusing statement of accounts with invoicing. The challenge is that some people wrongly believe that an ‘invoice’ and a ‘statement of account’ are the same thing, when the reality is that …

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ignoring accounts - bookkeeping help

Bookkeeping: why outsourcing your bookkeeping is no reason to ignore your business finances

It is not unusual for me to meet with small business owners who, having ignored their books for several months, come to Ozlop for help with getting them into shape. Yet time and again, we meet the same business owners who feel that having outsourced bookkeeping, the job is done. This is a fundamental mistake …

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When your small business is quiet what should you do?

Every small business has its quiet spell, it’s what you do with it that matters

There are many reasons why businesses have quiet periods, especially if its market is cyclical by its nature. But if you are concerned that a quiet spell is turning into a chronic problem then you may need to make some changes to revive its fortunes. Many business owners come to Ozlop when things are quiet …

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