Coaching in sport and business.

Many of us have just finished supporting the Australian football season (of various codes) and we know that having a coach in sport is a given.

The sole intention of professional sportspeople and teams is to win and the coach provides the structure and support to help them get there.

That makes sense doesn’t it? Just like A, B, C.

The same can be said for business.

How many of you have gone into business because you have a passion for your product or service? Hopefully ALL of you! But just because you have passion doesn’t mean you won’t need support.

Not all business coaches are the same, we each have individual strengths and as a business coach I can help you with public speaking and communication skills, how to start a business, assistance with managing your team, and help with the balance between work and life (for you as the business owner, or for your staff).

Whether you’re looking for executive coaching, start-up business coaching, management coaching or staff coaching and team development there are just a few things you need to consider first:

  • are you coachable (willing to welcome the coaching into your world and be prepared to do the work)?
  • are you open to answering questions honestly without judgement?
  • are you open to receiving feedback?

If so, contact me or email today.


Employee rewards

As an employer, we all know that we must pay our staff their agreed salary or wages according to awards and contracts.

But what about other rewards?

These days, as our lives are full and busy with many and varied activities, it is often the rewards outside remuneration that keep staff happy and motivated and in turn loyal to their employer.

Obviously I have a great boss!  Her financial remuneration could do with a boost but the other rewards she provides me are great (ha ha…I am totes funny)!

Seriously though – in my family business we try to provide rewards to our staff to foster an environment in which they feel valued, these include shouting mid-morning coffee or lunch occasionally, closing the doors at 5pm sharp (no overtime other than being on call for the 24 hour emergency roadside service we provide) and a bonus day off at the end of their two weeks on call.  We operate a family friendly business and if the kids need to come and sit in the TV/waiting room after school, or you need to take a personal phone call or duck out to buy a birthday present, then that is OK.

Some other rewards you can provide range from special treats in the tearoom, providing magazines and books for the reading pleasure of staff, or the occasional long lunch through to relevant technical or personal development training or coaching or even extravagant after hours parties and social events.

Tell me some of the rewards you provide your staff.  If you are an employee, what are some rewards your employer provides to you?


An example that supports my concerns

This sad face here is my concerned face when I read posts on social media where non-qualified people from all walks of life provide accounting and taxation advice in the form of answering call outs for help.

Earlier in the week I wrote that “I cannot stress the importance of taking advice from a professional rather than friends at the pub or via social media – there are far too many variables to consider and your investment in a consultation with The Tax Chic may just save you lots of $$ in the future.”

Let me share with you where this concern comes from…

I saw a social media post recently into a business group where the original author asked a question along the lines of “Do I really need an accountant to prepare my business tax return? I barely made enough money to cover my car repayments which I know are deductible so it doesn’t seem like it would be worth it”

Many people chimed in with their thoughts, some applying the law correctly and others not.  But in this case, how is the original author to know who was right and who was wrong?

If you are well versed in tax law then I have no problem with you completing your tax return yourself, that is totally your call. But if tax is not your forte, I implore you to seek professional advice and please include a budget for accounting fees in your business calculations.

In short – car repayments are NOT deductible.  If your car is leased then the work related portion of those payments may be deductible, otherwise, only the interest portion of car loan repayments, along with depreciation and other vehicle expenses may be claimed to the extent of your business use according to your log book (the other option for claiming motor vehicle expenses is the cents per kilometre method).

I want nothing more than for the whole world to know everything about how their business and financial affairs work – but until then, it is Accountants and advisors such as myself who are here to help – please let us help you!


Professionalism packed with personality

Professionalism packed with personality is how I have been described – I love it and I’m going to use this in my branding as I move forward.

Accountants are generally pegged as a boring bunch, and while I know many accountants who I think are boring, I do not consider myself one of them.

I enjoy the flexibility of my home office (since I never seem to have enough time to attend to my washing on the weekend) and being able to meet clients for coffee at our favourite cafes.  I wear bright red lipstick and my heart on my sleeve, but I also have the education and experience to back myself in my work.

I am a friendly soul and enjoy meeting people in my travels, but at the end of the day I am still an Accountant by trade and I have obligations and legal requirements in order to operate my business.

Before I even open the (metaphorical) door I must hold a university degree, be a member of Chartered Accountants Australia and New Zealand, hold a Public Practicing Certificate and Professional Indemnity Insurance, be a Registered Tax Agent and with all of that I must complete 40 hours of continuing professional education each and every year – the cost of which comes directly out of my pocket, and we’re talking thousands of dollars here.

This is where I might get a bit controversial – you see even though I work for myself (in fact because I am self employed) I still need to put food on my table and pay my mortgage, which means I must charge for the services I provide.  It is, after all, how I make a living. Through this blog right here I provide heaps of tips and tricks and raise many issues you might need to consider in your personal affairs – but as soon as you ask me to take into consideration your personal circumstances, the advice I provide is in a professional capacity and it is my knowledge that you are purchasing.

So next time you ask to “pick my brain” on business or tax or coaching or the like please understand when I recommend a 90 minute paid consultation.  Every time I meet clients for these consultations, in any capacity, they walk away with knowledge, specific to their circumstances, that they didn’t have before.  I cannot stress the importance of taking advice from a professional rather than friends at the pub or via social media – there are far too many variables to consider and your investment in a consultation with The Tax Chic may just save you lots of $$ in the future.

Thanks for understanding…