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Articles by John Heaslip

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Drawings versus Salary

by John Heaslip 27 Oct 21

We find that a lot of our clients get very confused about what drawings are. And with good reason – it’s a complicated area. Most tend to think that drawings taken by a shareholder from a company are the same thing as their wage or..

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HOW START-UP BUSINESSES CAN AVOID ACCOUNTING PITFALLS

by John Heaslip 20 Nov 13

In my day to day interaction with clients I meet a lot of small business owners who are in their infancy. They are busy marketing their new business, finding customers and practising their particular expertise. Most budding entrepreneurs do not, however, willingly spend time thinking..

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PROFIT VS CASH FLOW

by John Heaslip 30 Sep 13

I regularly have discussions with clients about the difference between "profit" and "cash flow", as many people have difficulty in differentiating between the two. So what is the difference between profit and cash flow? Frequently it's the difference between success and bankruptcy. Profit Profit is..

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MAKING SURE YOUR NUMBERS COUNT

by John Heaslip 08 Apr 13

We can help you do good things with your business numbers! Not Harry Potter-style magic or delivering the right lottery numbers, but simply making sure that you have a clear picture of your business' financial performance when you need it, at a cost which you..

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A TALE OF TWO BUSINESSESS

by John Heaslip 21 Feb 13

For most clients, 1 April signals the start of the new year for business and tax purposes, and the month of March brings opportunities to minimise tax and maximise cash surpluses for the coming year. In order to implement any opportunities, first a business must..

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