HY Accounting

Call Directions Website Contact the business

HY Accounting You won't know you need us, until you meet us. calendly.com/enquiries-hya

Just because the broker can get you the loan doesn't automatically mean taking the loan is the right decision.Because th...
25/10/2026

Just because the broker can get you the loan doesn't automatically mean taking the loan is the right decision.

Because that decision can touch almost every aspect of your life, whether you've consciously realised it or not.

Take something like buying a commercial property, whether it's for your business to operate from or as an investment.

You might have the deposit, the profitability and the cashflow. The deal looks good.

But what does that purchase mean for everything else in your life?
How much of your wealth will now be tied up in the property?
What does it mean for your family's plans?
What opportunities might you have to give up because your money is committed elsewhere?
And what happens if your circumstances change?

None of these questions automatically make buying the property a bad decision.

But the broker getting you the loan is only one part of working out whether it's the right one.

That's part of what we're exploring in Who Owns the Whole?, our live event for NSW Small Business Month this Thursday.

Our first case is “Can we buy the property?”
https://go.mypathwealth.com.au/who-owns-the-whole

A 10% discount doesn't always mean giving away 10% of your profit.Sometimes it's much worse.Here's a really simple examp...
22/10/2026

A 10% discount doesn't always mean giving away 10% of your profit.

Sometimes it's much worse.

Here's a really simple example:

You usually sell something for $100, but decide to give the customer a $10 discount.

Without the discount, after all the costs of making that sale, you're left with $20 profit.

Assuming those costs don't change, what happens to your profit?

The sale price only dropped by 10%.

But your profit dropped from $20 to $10.

You just gave away 50% of the profit!

That doesn't mean discounting is always bad. Sometimes there's a good commercial reason to do it.

But before you offer 5%, 10% or 15% off because it sounds small, work out what that discount actually does to the amount you keep.

The percentage coming off the sale and the percentage coming off your profit can be very different.

Discounting can be a strategy. Just make sure you know what it's costing you.

Buying a property can look like a straightforward decision.You've got a deposit. The bank might lend you the money. Inst...
20/10/2026

Buying a property can look like a straightforward decision.

You've got a deposit. The bank might lend you the money. Instead of paying rent, you could be paying down your own property.

But there's more to work through.

How should the property be owned?

What happens to the business's cashflow?

What does the purchase mean for your personal finances and family plans?

And how do those decisions affect one another?

Your broker might help with the borrowing. Your accountant might help with tax and structure. Other advisers might look at your broader position.

But who's looking at the whole decision?

For NSW Small Business Month, we're hosting Who Owns the Whole? A live session where we unpack the decisions business owners face when different parts of their financial lives intersect.

Our first case: Can we buy the property?
Thursday 29 October, 12pm AEDT.
https://go.mypathwealth.com.au/who-owns-the-whole

Pick one product or service you sell and work the numbers backwards.Say you’re a hairdresser selling extensions for $600...
18/10/2026

Pick one product or service you sell and work the numbers backwards.

Say you’re a hairdresser selling extensions for $600.

But let's start working it out.

The hair itself costs $300.

Then there’s your share of rent, wages, software, merchant fees and all the other overheads of running the business.

And then there’s the bit owners regularly forget:
Your own time.

If it takes you three hours to deliver the service, what is three hours of your time commercially worth?

Once you include that, the $600 sale can start looking very different.

This doesn’t automatically mean the price is wrong or that you need to put it up.

But you should know what each thing you sell is actually producing for the business.

Take one of your main products or services and work it backwards.

Sale price − direct costs − overhead − your time.

Then look at what’s left.

Unfortunately, it takes more than $10,000 in additional sales to fund that shiny new $10,000 toy.Because the business do...
16/10/2026

Unfortunately, it takes more than $10,000 in additional sales to fund that shiny new $10,000 toy.

Because the business doesn't keep every dollar of revenue.

Here's a simple illustration:
If the business ultimately keeps around 20% of sales as net profit, you need roughly:
$50,000 of extra sales to create $10,000 of extra profit.

If the business is only keeping around 10% net profit:
You need roughly $100,000 of extra sales.

Just to cover that new $10,000 cost.

The exact maths will vary from business to business, and this is just a simple illustration.

But the logic matters.

This is why:
“We’ll just sell more." Is some of the worst advice we hear.

More sales mean more of everything before any money reaches the bottom line. And it’s why genuine cost reduction can have such a strong effect.

Remove $10,000 of unnecessary cost and, broadly speaking, that $10,000 improves profit directly.

To create the same result through sales, you may need many times that amount in revenue.

Before you add the cost, do the maths on how much extra sales it will actually take to cover it.

Late payments are usually talked about like an admin problem, but they’re also a funding problem.You’ve already paid for...
13/10/2026

Late payments are usually talked about like an admin problem, but they’re also a funding problem.

You’ve already paid for some or all of the work.

Wages.
Suppliers.
Software.
Rent.
Tax.
Whatever it took to deliver the job.

If the customer pays you 30 days later than agreed, your business is carrying that cost for another month.

Multiply that across enough customers and it starts to look less like “a few slow payers” and more like your business providing interest-free finance.

That’s why debtor days matter.

It’s not only about chasing invoices. It’s about how long your business has to fund somebody else before getting its own cash back.

Card surcharges are easy to dismiss because the percentage looks tiny.1%.1.5%.2%.But percentages get expensive when they...
11/10/2026

Card surcharges are easy to dismiss because the percentage looks tiny.

1%.
1.5%.
2%.

But percentages get expensive when they sit on every transaction.

If you process $100,000 a month in card payments:

1% = $1,000 a month
1.5% = $1,500 a month
2% = $2,000 a month

That’s $12,000 to $24,000 a year.

If you used to pass that fee on and now you’re absorbing it, that money has to come from somewhere.

Your margin.
Your pricing.
A cheaper payment provider.
A different payment mix.

The point isn’t that 1–2% is automatically a disaster.

It’s that small percentages become real money when they repeat often enough.

A $3,000 monthly lease doesn’t just cost $3,000.A new employee doesn’t just cost their salary.Another entity doesn’t jus...
09/10/2026

A $3,000 monthly lease doesn’t just cost $3,000.

A new employee doesn’t just cost their salary.

Another entity doesn’t just cost the setup fee.

A new system doesn’t just cost the subscription.

Those decisions can bring payroll, super, insurance, finance costs, admin, bookkeeping, working capital and management time with them.

Some of those costs are obvious.

Others only become obvious once you’re already committed.

So, when you’re making a bigger business decision, don’t only ask:
“Can we afford this?”

Ask:
“What else comes with it once we say yes?”

There’s been plenty of noise about the proposed changes to discretionary trusts.That does not mean everyone with a trust...
06/10/2026

There’s been plenty of noise about the proposed changes to discretionary trusts.

That does not mean everyone with a trust suddenly needs to get rid of it.

The proposed rules may materially affect some structures.

Others may be affected very differently.

And your trust may exist for reasons that have nothing to do with one particular tax outcome.

So before restructuring anything, work out:
What actually changes for my trust?

Then compare that with the tax, legal and commercial consequences of changing the structure itself.

“Trusts are dead” might make a good headline.

It’s not enough information to make a restructuring decision.

Business owners are usually pretty good at seeing the dollar cost of a decision.But we can be much worse at pricing our ...
04/10/2026

Business owners are usually pretty good at seeing the dollar cost of a decision.

But we can be much worse at pricing our own time into it.

- Take the cheaper software.
- Hire the cheaper person.
- Keep doing something manually.
- Avoid paying someone else to handle it.

On paper, the business saved money.

But if the decision creates another five hours of checking, fixing, chasing or thinking every week, the saving might not be as cheap as it looked.

Especially when those hours come from the person who is supposed to be selling, leading, making decisions or getting the business unstuck.

The owners time is still a cost.

It just doesn’t arrive with an invoice.

Address

Level 5, 4 Columbia Court
Bella Vista, NSW
2153

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 1pm

Telephone

+61298376148

Website

Alerts

Be the first to know and let us send you an email when HY Accounting posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to HY Accounting:

Shortcuts

Share

Category