Blog
Latest NewsStay informed with the latest insights and tips in bookkeeping and financial management. Our blog provides essential resources to help your business succeed, featuring expert advice on effective financial management practices. Whether you are a small business owner or seeking knowledge, you will find empowering content for your financial decisions.
What Payday Super Means for Client-Facing Service Businesses
Payday Super changed how superannuation reaches employees — now within 7 business days of each payday, not quarterly. For law firms, solicitors, and other service businesses juggling WIP, trust funds, and slow-paying clients, that shift turns super into a recurring cash flow pressure point rather than a quarterly admin task. This piece breaks down the new SG Charge penalties, why the old buffer is gone, and practical checks to get ahead of it before your next pay run.
The 1099 Threshold Just Changed: What $2,000 (Instead of $600) Really Means for Your Contractor Payments
The 1099 reporting threshold jumped from $600 to $2,000 — but the recordkeeping rules behind it didn’t ease up. This piece breaks down what actually changed, what still needs tracking (W-9s, running totals, state thresholds), and why fewer forms doesn’t mean fewer records for US business owners.
How to Build a Simple Monthly Money Review (That You’ll Actually Do)
A two-hour finance deep dive rarely survives a busy week — and that’s not a discipline problem, it’s a design problem. This piece breaks down a simple 15-minute monthly money review built around just four numbers, so business owners can stay on top of their finances without the overwhelm.
What a Collapsed Law Firm Can Teach You About Cash Flow
A once-profitable West of England law firm has closed — a reminder that profit is a backward-looking number. This piece breaks down why real law firm cash flow visibility matters more than annual reviews, and how monthly bookkeeping can catch financial drift before it becomes a crisis.
Mid-Year Financial Health Check: EOFY has taken centre stage — Now It’s Time to Plan Ahead
EOFY is complete — but the real opportunity starts now. This month’s newsletter explains why July is the ideal time for a law firm financial health check, and walks through the KPIs that matter most for legal practices: revenue per fee earner, billable utilisation, WIP, debtor days, and trust account compliance. Learn how to compare your business plan to reality, keep cash flow under control ahead of BAS and payroll obligations, and set measurable goals for a stronger second half of the year.
Why Law Firms Struggle with Cash Flow (and How to Fix It)
Even profitable law firms can face cash flow pressure — and the causes are usually predictable. This newsletter unpacks four common reasons legal practices struggle to keep cash moving: lagging billing cycles, late payments, underused retainers, and poor financial visibility. More importantly, it outlines practical, actionable fixes for each. If your firm is feeling the squeeze, this is a timely read.
