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Welcome

Does Your Accountant Know You By Name?

At Peter Radford Accountant and Tax Agent we don’t just know your financials!
We are more interested in knowing You, your Partnership, Business, Trust or SMFS‘s goals and helping you achieve them.

We are committed to personal and friendly service, offering a client-focused accounting experience.

How can We Help?

For over fourteen years the team at Peter Radford Accountant and Tax Agent have worked closely with our clients to make informed decisions and achieve both business and personal goals.

Based in Morayfield, we are easily accessible to help you with a range of services from tax matters and software training to business advisory and strategic planning.

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Tax
preparation

We make a point of understanding the individual taxation needs of every client, whether they require help with company tax, personal tax effectiveness or indirect taxation including payroll tax and GST.

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accounting services

Our accounting services involve much more than preparing financial statements every year. We ensure our clients’ compliance needs are taken care of, allowing them to focus on their own professional, personal and business needs.

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superannuation services

Regardless of the stage in life you are at, it is important to be aware of your superannuation and what it can do for you in the future. We assist our clients in taking control of their superannuation and aligning it with their future lifestyle goals.

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business development

We like to work closely with a business as it transitions through the different stages of its life so we can provide accurate and timely advice at each stage of the business’s lifecycle.

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company secretarial

Regardless the size of your business, we can support you with highly qualified secretarial and support staff that will take care of managing a business’s compliance, corporate governance and secretarial responsibilities, so owners can concentrate on running their business efficiently.

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other
services

- Estates and trusts
- Financial accounts
- Business health checks
- Corporate compliance
- Franchise and business services
- Business advisory services
- Succession planning
- Buying and selling a business

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latest news

Looking To Upscale Your Business? Here’s What You Need To Know…

Posted on August 14, 2022 by admin

It’s a wonderful feeling when you have reached a point where your business is so successful that you need to upscale. Whether hiring more people or moving location, upscaling has its unique challenges. What can you do to ensure that you are hitting the ground running while upscaling?

Set Realistic And Actionable Goals

Businesses should set realistic and actionable small goals which they can work towards, rather than broad goals which provide no direction. Setting broad and unrealistic goals is demotivating and makes any progress made seem insignificant. Every person in the business should be given a target to meet over a reasonable timeline, contributing to achieving a larger goal.

Establish Standardised And Automated Processes

Small businesses can make the mistake of ‘doing things as they come’, but this means that as the business grows, adjusting to high-scale tasks is difficult. To avoid this, businesses should standardise all processes of work. Any individual placed into a role should be able to follow standardised procedures and yield a product that is of similar quality to the previous one. Investing money into automation tools is worthwhile for this procedure. This can include automating social media management, email, and customer relationships. Both of these will contribute to creating structures that support growth.

Identify Competitive Strengths And Weaknesses

Recognising the strengths and weaknesses of one’s business is essential. Strengths will allow businesses to hone in on their unique qualities, giving them a competitive advantage. Weaknesses will reveal which areas require growth so that changes can be made before upscaling takes place.

Network

Businesses should continue to develop relationships with service providers, sales channel partners, suppliers and customers. Keeping an open mind about partnerships or potential collaborations could open up different avenues of business growth.

Anticipate The Adjustment Pace.

No matter how prepared you feel, any change in an organisation will require a period of adjustment for the rest of your team. Give them time to recognise the need for change and accept this opportunity’s challenges. More importantly, they need time to understand their roles in the bigger picture of your organisation’s plans to scale and determine how they can make the most of their skill sets and add value to the company. Make sure to consider adjustment protocols and allocate a reasonable period for such adjustments in your scaling plans and process.

Outsourcing The Non-Essentials

As the business increases in stature, there will be a lot more little and frustrating tasks, meaning that you can’t focus on what’s important. Outsourcing components like payroll or marketing to companies with the professionals to do it effectively means that you can focus on upscaling the business.

Upscaling can be very stressful, but whether it’s making changes to your business’s technology or outsourcing things in the short term, to upscale a business means focusing on what is best for your business.

To get to this point, you’ve made a success of it, so it’s important not to lose your identity in the process. Upscaling your business is taking what’s great about your current operation and building it outwards.

If you are looking towards how your business can take itself to the next level, business planning for any eventualities can be of benefit. Consulting with a trusted adviser can be of great help when moving forward in your business’s upscaling endeavour.

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