Welcome to our July newsletter. As we write this month’s newsletter, things are again changing rapidly, and once again there is considerable uncertainty about what the future may hold. First, if you have not yet reached out to us for assistance and you feel we might be able to help, please contact us now. We may be able to help with ideas and advice or point you in the right direction of a government initiative. These are unprecedented times and if we can help, we would really like to. Second, there are a few initiatives we’d like to make you aware of. One is the #backthebay campaign which is to encourage residents in the Bayside area to support their local businesses. But for those not in the Bayside region, there are many other similar initiatives, plus you can consciously choose to, whenever possible, buy locally, be it your groceries (choose products made or grown in Australia) your local café or restaurant, whatever it is, try and buy from and use the services of local businesses. You may think, 'I’m only one person, what difference does it make?', but if we all consciously buy from our local businesses – it WILL make a difference. The other initiative we wanted to let you know about is a Covid Prevention & Infection Control Course. It is vital we know and understand how to prevent and control COVID so we can keep the Covid numbers as low as possible in NSW. Our friends at City East Community College are running it, and depending on your industry you may be eligible to attend free of charge. Call 02 9387 7400 for more details or click here. On the topic of events, we will be running a number of 2 hour online workshops, as well as our webinars. To see our event line up click here. As mentioned last month we are ramping up our social media posts. If you aren’t already following us on Instagram, Facebook, Twitter, and LinkedIn please do.
We are also still offering free 30-minute business advice sessions. To book in click here. If you know of a business that might benefit from an advice session, please let them know about it. All they need to qualify is an ABN. Our Facebook group is slowly growing, and we now have 40 members. If you haven’t yet checked it out and joined please feel free to do so. To join click here. If you need help, please do give us a ring. You can reach us on these numbers: Louise on 0422 943 174 or John on 0420 990 599.
July Featured Member
My business, DJC Accounting started in 1993, in North Western Sydney, at North Ryde. I operated from a home basis. Unlike many accountants, I commenced with no clients, so I worked as a contractor book-keeper or accountant for either accounting firms or small business clients. First, I was a contractor for three days a week and as I picked up my clients it slowly became full time over about three years.
I became a member of the BEC in Parramatta in the late 1990’s to assist in growing my business. That would be the start of an association with the BEC movement that has continued on for over twenty years. I was appointed a Director of Blacktown BEC in 1998 and I would continue in that role for about ten years, which included terms as Treasurer, and Chairperson for eight years. Many of my customers came from my membership/directorship of Blacktown BEC and quite a few of those small businesses have been my clients for over 15 years.
I moved to the Southern Suburbs of Sydney (Carlton) 11 years ago and operate my business from home. I have been a member of Botany/Bayside BEC for about five years.
The business focuses on providing financial management and tax advice for small business. With financial management we provide the key financial indicators of your business in easy to read “visual” charts. These charts are attached to the yearly financial statements we prepare for the small business. Providing “Gross Income”, “Gross Profit” and “Owners Profit” in charts greatly assists small business owners to understand and improve their financial management of their business. It also assists in business planning as you can see your performance over five, ten, or fifteen years.
Recently, I have enjoyed assisting our small business clients during the COVID-19 crisis. Our main purpose was to maximise the cash flow resources of their family during this period. If they were highly geared, then it may include recommendations to defer their home loan repayments for six months. Sometimes, we focused on maximising their chances of being eligible for either the “cash booster” or “job-keeper” schemes.
To find out more about David Chambers Chartered Accounting, visit his website.
That’s it from us for this month. Have a great August and stay safe and well, and please reach out to us if there is anything we can do to help.
Your Bayside BEC.