Listen to Conscious Accounts with Hannah: Spotify

In this in-depth discussion, Hannah, an experienced accountant and small business owner, shares her insights on the role of accounting in personal and business growth. She outlines the importance of starting a business with the right advice, highlighting the potential pitfalls of not consulting with an accountant early. Hannah offers personal anecdotes from her 15 years in accountancy and her journey as a business owner, providing practical advice on compliance, tax strategies, and effective business planning. The conversation covers a wide range of topics including leveraging software like Xero for financial management, the significance of cash flow and budgeting, and the value of outsourcing to grow a business. Listeners gain a comprehensive understanding of why good accounting practices are crucial to business success and personal financial health.

00:00 Introduction and Guest Presentation

00:43 Understanding the Role of an Accountant

02:38 The Importance of Financial Education

03:19 Setting Up a Business: First Steps

04:18 Outsourcing and Business Growth

06:08 Understanding Tax and Business Structures

15:38 Common Business Mistakes and How to Avoid Them

25:24 Understanding Business Activity Statements and GST

30:30 Understanding Business Taxes and Expenses

31:15 The Importance of Outsourcing Accounting

32:01 The Impact of COVID-19 on Accounting

32:54 The Role of Advisory Services in Business

34:04 The Value of Investing in Your Business

36:55 The Importance of Cash Flow Management

39:44 The Challenges of Growing a Business

56:57 The Role of Accountants in Business Loans

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