Numeric Eight Blog

In our employee spotlight blog series, we get up-close and personal with some of the wonderful team members at Numeric Eight. Today, we get to know Gina Roberts, Account Manager.

The severe lockdowns have come as a shock but there is financial assistance available if you know where to look. Here’s a summary and the links to further information.

“What’s behind the numbers?” A survey conducted last year found many Australian business leaders felt overwhelmed by the volume of data they received and found it challenging to understand. Yet knowing your numbers and their meaning guides good decision making – especially in uncertain times. 

The end of the financial year is a bit like Christmas. We all know when it’s coming but we’re never as prepared as we should be. This year, your reporting obligations may be a bit more complicated because government supports like grants and JobKeeper need to be included. But one thing never changes and that’s the importance of getting your financial ducks in a row to legitimately minimise the amount of tax you need to pay.

It's common for family businesses to believe they don't need the same formalities as other businesses; it's particularly true with issues like vision, goals, and succession planning. But being a family business means it's crucial to document these things because maintaining family relationships is more important than business. So, what do you do?

For many family businesses, there’s an expectation the next generation will want to join them. That may or may not be true. But the real question should be “When do family members join the family business?”

Regardless of the business, it can be difficult to introduce new technologies, systems and processes.  But in successful family businesses, it's particularly challenging. So how do you do it?

Many businesses begin with a dream that flourishes into a successful family business. But only 12% of family businesses transition to a 3rd generation. How do you ensure your business survives and thrives for future generations? Read more below! 

Tired of all the doom and gloom? Let’s forget what happened last year and finish this financial year on a high. It might mean you need to do a couple of things differently but they are simple to do once you know how. Learn more.

Architects, by their nature, are creative people, and if the mere mention of accounting sends you running for the hills, you're not the only one! Running your business is one thing, but effectively managing your finances is another issue entirely.