Xero subscription cost increase for Hubdoc integration

From Wednesday 18th March 2020, Xero subscriptions will increase by $2 per month and will include access to Hubdoc.   Hubdoc is an OCR software (Optical Character Recognition).  However, Thnk Advisory still recommends using Receipt Bank as best practice. OCR's are becoming as common place as the internet...

2019-20 Federal Budget

Government delivers surplus election friendly 2019-20 Federal Budget – Leaves superannuation largely untouched A surplus election budget is the news coming out of the 2019-20 Federal Budget. With superannuation left largely untouched, the Government focused on further personal income tax cuts. However, three key announcements include providing...

Introducing Thnk Advisory

We're excited to introduce Thnk Advisory (pronounced "Think") Friday the 16th of November 2018 marked an exciting beginning for our Thnk team. Formerly SJN Chartered Accountants, we began to operate as Thnk Advisory. It’s been an interesting journey and we’d like to share the story so...

How to beat the cashflow crunch

How to beat the cashflow crunch

We recently advised a wholesale and retail business that was experiencing large fluctuations in its sales, profits and cash flow. The business supplies goods to energy and rural businesses and is required to carry large stock holdings and significant credit accounts. Heavy rains also caused damage...

Making a business deal

Buying or building a successful business

We recently advised Tim, a business owner who had started a business providing specialised IT support to a range of government agencies focused on managing climate control. Tim left a lucrative job in the IT industry to fulfil his dream of becoming a small business owner....

Cloud accounting software has many benefits for your business

Case Study – The benefits of Cloud Accounting

The Scenario: Our client’s business had grown in leaps and bounds. As a result, there was a need to employ an additional Administration Assistant to cope with the increased work load. The problem that our client faced was they didn’t have the physical space for an...