Blackburn Accounting

Can be described as the method to manage a Project. It’s a systems approach that helps Teams to work within a project by organizing, tracking and executing the tasks. Additionally it can help with planning, and management to meet the Project requirements to budget and the timeline.
BUT, inevitably delays can and do occur to a Project.

Project Delays - What, Why, How!

What?
Delays to the Project Schedule, delivery and expectations.
Why?
Why do these delays happen!
• The planned timeline is understated. Inadequate estimated timeframes jeopardize the Project particularly if there are several tasks and steps. Each impact the other. Estimate carefully!
• Project requirements are unclear. It is critical to have clearly communicated requirements at the start. Avoid guessing and playing catch-up later.
• Changed Project scope. Clients making changes along the way. It takes time to create new plans and often redoing work.
• Communication with stakeholders. Ensure you are timely and engaging with all your communication. Critical as milestones may need signoff before the next stage can commence.
• Other influencers include; external vendors not delivering on time; resources are unavailable along with unpredictable events such as natural disasters.

How
6 Tips – How to avoid Project delays

1. Create a Project Schedule.
This is a detailed document identifying the Project scope, Timeline and Organisational Resources required to complete each task. Break down into tasks, sequences, and steps.
2. Gather Your Team.
Do so from the start. Esstential to share, sell and seek buy-in of the Vision and benchmarks for success.
3. Set Realistic Goals.
Be honest when setting your goals. These need to be clear and measurable. Avoid being over ambitious to impress clients.
4. Gather the ‘right’ resources.
Review what you have in the critical aereas of; Finance (budget), People/Team (skilled/available) and Materials (technical, physical space).
5. Progress
Track and Measure progress. Collect data and measure against your goals. Also provides transparency. Schedule regular Team Meetings.
6. Forecasting.
By Forecasting we take stock of the Project current status at a certain point to predict results at the end of the Project. Forecasting takes Project risk into account, looking at cost, quality or a combination of those. This exercise provides the opportunity to course-correct and avoids delays.

It starts with understanding your Entitlements, rights and Obligations and those of your Employees
And importantly, it is about looking after yourself and your employees.
1. Aim to adopt and achieve ‘best practice’ in all activities. Sound record-keeping is essential.
2. Access specialist advice and help if needed, these can guide you with compliance and related issues.
3. Managing conflict and preventing disputes. While conflict is a natural part of workplace relationships, there are ways for Employers and Employees to work together and manage conflicting interests.
4. Look after your own health and mental wellbeing and that of your staff. Be aware of Health professional services and access if needed.
5. Keep abreast of Industrial matters such as pay and conditions legislation, sector changes and any Government, State and Federal Acts, Awards, reporting and compliance requirements.

Spring the season of new life and beginnings!
With that in mind, why not spring into action by undertaking a
‘Health’ Check-up of your Business!
Act now, and get into shape for the coming year!

The 5 Point Business Health Checklist
1. Are your insurances sufficient, up to date?
2. Are your computer systems reliable, adequate?
3. Are you aboard Digital platforms?
4. Do you have sound Accounting systems?
5. Do you need expert advice?

Useful Tips
Processes. Check the efficiency of your practices and processes. Streamline and automate as needed.
Plan Meetings with a purpose. It is amazing what a difference small can make. Time is money! Your money!
Review materials and utility charges. Are there more efficient methods or practices available? Consider paperless options, more effective heating or cooling systems etc.
Empty your mailbox/Inbox. Stay on top of your correspondence for greater efficiency and a clearer mind. Better for you and your customers!
Explore new ways to sell. Online is with us and is adaptable to most Businesses. Don’t get left behind! There are customers out there waiting to see and buy your products and services.
Examine your Inventory. Poor management can cost you. Look to move old stock with sales or promotions to bring in new products.

Need expert advice?
Need help with the above matters, don’t wait.
Blackburn Accounting is available to provide answers, solutions and professional advice.
Contact us today!

Establishing and maintaining an Online presence is critical, providing a number of opportunities. This has been demonstrated over the past year during the challenges of COVID.
Online, regardless if through your website, social media platforms or email marketing, Online, is a must for many reasons.
• to attract new customers
• stay connected with existing customers
• show-casing your goods and services
• promoting new lines
• advertising specific ‘deals and offers’
Importantly,
all ONLINE information must be up to-date, accurate and customer user-friendly.

Tips: Going Forward
• Refresh your digital marketing approach if needed
• Boost your Business by Blogging
• Be Online to be seen and heard and to generate sales
• Have fun with your Marketing; it can help lift spirits during these tough times

New Trends: Identify Opportunities
2020 saw interest and increased demands across and array of goods and services; such as homewares and home improvements; DIY Projects; wellness-based activities; at home cooking and people wanting to learn new skills. This interest has continued in 2021. Already Retailers and Suppliers are suggesting we start thinking our ‘Christmas list’ purchases. Now is the time to consider how your products, goods and services can tap into these market trends.
Importantly, consider also how you can do your Business differently to respond pro-actively to a changed environment.

More Opportunities
Seek out and embrace new Events and Activities.
Check out Seasonal Calendar promotions, including at the Local and International level. For example, ‘Black Friday’ a traditional US pre-Christmas shopping sales and marketing event has gained a wider following. Check out more to see if you can find a niche.
At the local level many Local Government Councils actively support and promote community Events, such as Market days, and similar, that during COVID have become popular. With travel and other restrictions many potential customers are looking to attend and spend.
Why not let it be your goods, services and products they choose.

Many West Australians are generous and supportive offering donations to various ‘Charities’.
When it comes to tax-time we are reminded to check that donations claimed in our tax returns are legitimate to turn our charitable giving into a positive for all.
This reminder comes from the ATO, with the message there are four reasons why a claimed gift may not be deductible.

For example;
Not all Charities and Not-for-Profit organisations are endorsed by the ATO as deductible gift recipient. This includes many online crowd funding campaigns to raise money for individuals and various causes.
Another example is people donating directly to foreign Not-for-Profits and Charities. Such donations are not tax deductible unless the organisations are a registered Australian DGR.
Tax-payers were also reminded to keep their receipts to verify payments.
It is worth noting if you make one or more donations of $2 to bucket collections run by an approve organisation you can claim a tax deduction of up to $10 for the total of those contributions, without a receipt. Worth remembering when the donation-bucket comes your way during the year!

Another reason your claim may not be deductible is where you expect to receive or receive, monetary or personal benefit or advantage in return, such as raffles.
Have questions Blackburn Accounting can help with all your taxation matters,
including Gifts and Gifting.

Blackburn Accounting are your family Business and Tax specialists.
We offer;
• Preparation of Business and Individual tax returns
• Prompt, personalised service
• No return is too big or too small
• We aim to legally minimise your tax and maximise your return
• We are experts in Tax law