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Tax Checklist
2021 - Tax Checklist
To assist in completing your tax return, we have a checklist that will help you with what you need to provide us. Find out more
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Make your business more profitable

 

Making a profit isn't something that happens overnight - to create a good return from your business you need a clear focus and a well thought-out strategy for increasing profitability.

This means reviewing your business model and looking at every area of the business, to see where you can cut costs, increase margins and maximise revenue.

Focus on you key drivers
Having surplus cash at the end of the year allows you to invest back into the business, fund your growth plans and increase the size of you own dividends and drawings as the owner.

To achieve these profits, it's important to focus on the key financial drivers in your business.

To drive profits:

  • Boost sales - the more sales you make, the bigger your net revenue, so investing in marketing, sales activity and business development will be key to a better bottom line.
  • Increase prices - by setting a higher price point, and keeping your 'costs of goods sold' number low, you create a larger profit margin on each sale - upping your profitability.
  • Cut costs - operational costs and overheads eat into your potential profits.  So spend management and cost reduction are vital to creating a more profitable model.
  • Reduce taxes - tax liabilities will be one of your biggest costs, so sensible tax planning and use of tax reliefs will help to reduce your taxes and ramp up your end profit.

Talk to us about boosting your profits
If your business goal is to increase profitability, we'll help you review your business model, identify your key financial drivers and proactively drive your profit performance.

Get in touch and let's start boosting your profits.

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What our clients say...
  • "Maclean Partners are very knowledgeable accountants who are always attentive and keen to learn more about how to improve our business. John and his team offer sound advice about tax and general accounting, as well as helping structure and manage the financial aspects of the business to our advantage". - Read more
    - Tony Pascoe, NQ Foot and Ankle
  • "We've worked so hard over the past 10 years to get the business to where it is and sometimes you can't see the forest from the trees. Thanks to the Maclean Partners and the 90 Day Business Challenge, I found each module so helpful and the self-paced online aspect combined with the face to face coaching and workshops worked really well for us. - Read more
    - Nelly Evans,Powdercoat Select
  • "Nelly (my wife) told me she had signed up for some business training and I told her it was a waste of time and money. I wasn't interested in doing it at all because both our businesses are firing on all cylinders, but to show her support, I went along to the first workshop and I was impressed. Nelly and I have been doing a lot of talking, but we realised that we never had the right mindset to take action. - Read more
    - Glenn Evans, The Fencing Factory
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