Integrated Accounting Group

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Integrated Accounting Group Located in Leederville WA, Integrated Accounting Group are small business specialists that provide professional accounting & business advisory services

Integrated Accounting Group are business accounting specialists working with Individuals, Sole-traders, Partnerships, Companies, Trusts and Self Managed Superannuation Funds. Our services include: Accounting, Bookkeeping, Corporate Administration, Tax Planning, Tax Returns, ABN, BAS, GST & IAS Compliance, Business Advice, Business Structures, Succession Planning, Superannuation, Estate Planning, Asset Protection. You can contact Integrated Accounting Group by calling 08 6363 7888

Are you actually tracking the numbers that matter in your business?If you want to improve your daily efficiency, you nee...
14/10/2026

Are you actually tracking the numbers that matter in your business?

If you want to improve your daily efficiency, you need to start using Key Performance Indicators. These are simply the vital metrics that tell you exactly how your business is performing in real time.

Depending on your industry, you might need to track your weekly sales figures, customer retention rates, or your overall turnover.

The most important part is calculating these numbers on a regular basis. Having a clear snapshot of your performance means you can spot minor issues and fix them long before they have a major impact on your bank balance.

If you need help figuring out which numbers you should be tracking, Alan and the team at IAG can help you set up a simple, effective reporting system so you always know exactly where you stand.

Business owners need to regularly monitor their financial performance, but staring at a massive spreadsheet of numbers i...
14/10/2026

Business owners need to regularly monitor their financial performance, but staring at a massive spreadsheet of numbers is usually the last thing you want to do.

Instead of getting overwhelmed, there are just a few key areas you need to check on a regular basis to ensure your business is actually making money. If any of these drift off track, checking them regularly gives you time to fix the issue before it impacts your bank balance.

𝗦𝗮𝗹𝗲𝘀
Check your revenue for the last month, the last quarter, and year to date. You should always compare this to your budget to see if you are hitting your targets.

𝗖𝗼𝘀𝘁 𝗼𝗳 𝗴𝗼𝗼𝗱𝘀 𝘀𝗼𝗹𝗱
If your business buys goods in to sell, this shows how well you trade. Track this as a percentage of your sales to get a realistic view of your margins.

𝗪𝗮𝗴𝗲𝘀 𝗮𝘀 𝗮 𝗽𝗲𝗿𝗰𝗲𝗻𝘁𝗮𝗴𝗲 𝗼𝗳 𝘀𝗮𝗹𝗲𝘀
Wages are typically one of your biggest expenses. Keeping a close eye on this proportion shows you exactly how effective your team is.

𝗡𝗲𝘁 𝗽𝗿𝗼𝗳𝗶𝘁
You need to make a profit to survive. Monitor your net profit every single month and compare it against your budget to make sure it is actually enough.

𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗹𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀
This shows how much you owe suppliers and the tax office over the next 12 months. Your ability to clear these upcoming bills is a major indicator of your true financial strength.

If you need a hand keeping track of your finances, Alan and the team at IAG offer a wide range of services to support the sustainable growth of your business. Let's grab a coffee and get your reporting sorted!

As a business owner, you simply cannot do everything yourself.It is incredibly important to acknowledge where your true ...
12/10/2026

As a business owner, you simply cannot do everything yourself.

It is incredibly important to acknowledge where your true skills lie and then find the right people to support you in running the rest of your operations.

There is a common misconception that doing absolutely everything yourself saves money. The reality is that doing the busy work that does not actually generate revenue is costing you valuable growth. Plus, outsourcing these tasks is a tax deduction for your business, meaning you could save far more time and money than you realise.

Think about all the tasks you handled when you first started that could easily be delegated to someone else today. Bookkeeping, data entry, social media, marketing, and even basic customer follow up are all perfect examples.

Handing over these tasks frees you up to actually focus on growing your business. Alan and the team at IAG can help you structure your cash flow so you can finally afford to delegate the heavy lifting and focus on what you do best.

What is the very first task you plan to outsource?

Patience is a virtue, and we always tell our clients that their financial future is a marathon rather than a quick sprin...
09/10/2026

Patience is a virtue, and we always tell our clients that their financial future is a marathon rather than a quick sprint. 🏃‍♂️

The plans we help our clients build are designed to secure their financial future based on their long term goals. Before you make any massive life decisions, we make sure you are connected with the exact right people to help plan out your wealth management strategies. We also stay right by your side as a central point of contact for any questions you might have along the way.

Our goal has always been to be more than just a standard tax accountant. We genuinely want to be a partner in your overall financial wellbeing.

Succession planning is an ongoing journey. Over our recent posts, we have talked about everything from setting your fami...
07/10/2026

Succession planning is an ongoing journey. Over our recent posts, we have talked about everything from setting your family's vision to actually executing the final handover. As we wrap up this series, there are a few major takeaways to remember.

Being proactive is the biggest advantage you have. The earlier you start planning, the smoother the transition will be for both your family and the business.

Transparency is absolutely critical. Keeping the communication wide open ensures everyone knows their role and stays on the exact same page, which keeps emotions out of the boardroom.

You also have to stay adaptable. Your family and your business will change over time, and your transition plan needs to be updated regularly to keep up with those changes.

At the end of the day, the goal is to make sure your family business thrives across generations. Taking the time to plan and communicate properly sets your life's work up for long-term success.

A succession plan is just a piece of paper until you actually put it into action. Moving forward means setting clear ste...
05/10/2026

A succession plan is just a piece of paper until you actually put it into action. Moving forward means setting clear steps, strict timelines, and specific actions for both the management and ownership handover. Everyone involved needs to know exactly what is expected of them to ensure a smooth transition.

To keep things running smoothly and avoid emotional decisions, you need solid structures in place. Setting up a family constitution, an advisory board, or regular strategic planning sessions helps deal with any issues before they become major roadblocks. Regular family meetings are also crucial for keeping everyone on the exact same page.

As your business and family grow, your plan will naturally need to adapt. Reviewing and updating the strategy regularly ensures you are always ready for new challenges and opportunities as they arise.

Stay tuned for our final tip on ensuring your family business is set up for the long haul!

Once you know exactly what you want for the future of your family business, it is time to build the actual succession pl...
02/10/2026

Once you know exactly what you want for the future of your family business, it is time to build the actual succession plan. The smartest way to approach this is to work completely backwards. By starting at the finish line, you can map out the exact steps needed to get there and spot any major roadblocks, like a lack of leadership readiness or cash flow issues, long before they happen.

Every family business is made up of three moving parts: the family, the business, and the owners. A solid transition plan supports all three. Everyone involved needs to understand their specific responsibilities and how their role will shift during the handover.

Things change over time, so your plan needs to be highly adaptable. Putting formal structures in place, like a family constitution or a regular advisory board meeting, keeps the strategy on track even as the family and the market evolve.

Keep an eye out for our next post where we talk about actually putting this plan into action!

Last time we talked about how important it is to have a succession plan for your family business. But how do you actuall...
30/09/2026

Last time we talked about how important it is to have a succession plan for your family business. But how do you actually start the process without causing a family argument?

The first step is figuring out what your ideal finish line looks like. Do you want your kids running the daily operations, or do you just want them to own the business while someone else manages it? You need to make sure everyone in the family shares the exact same vision.

Next, you have to be totally honest about where things stand today. Do your kids actually want to take over? Do they have the right skills yet? Figuring this out early gives you plenty of time to get them trained and ready.

The most important part is keeping the communication wide open. Family and business can be a tough mix, which is why bringing an objective advisor into the room is so incredibly helpful. They help keep the conversation focused on the business rather than family dynamics.

Make sure you keep an eye out for our next post where we will break down how to design the actual action plan!

Running a business with your family is incredibly rewarding, but figuring out how to hand it over to the next generation...
28/09/2026

Running a business with your family is incredibly rewarding, but figuring out how to hand it over to the next generation can be a total minefield.

In Australia, family businesses employ half the workforce, yet only 30% actually survive to see a second generation take over.

Why do so many struggle? The biggest roadblock is the lack of a clear succession plan. When you do not have a formal strategy in place, the transition becomes highly emotional and financially messy, which puts the entire future of the business at risk.

The best way to protect your life's work is to start the conversation early and bring in an objective advisor. At IAG, we help families sit down and map out exactly how a transition will work from the tax implications right through to the leadership handover.

We take the emotion out of the process so you can focus on securing your family's future.

Are you actively planning for the next generation, or is it a conversation you have been avoiding? Let us know below!

Dealing with a team member dispute is one of the most stressful parts of running a business. If a workplace relationship...
25/09/2026

Dealing with a team member dispute is one of the most stressful parts of running a business. If a workplace relationship has turned sour, you might be able to get free help through the Fair Work Commission.

The Commission runs a Workplace Advice Service that connects small business owners with private law firms, community legal centres, and barristers for free independent legal advice. They can assist you with serious issues like unfair dismissal, general protections, and anti-bullying claims.

This service is specifically designed to keep costs down and simplify the process for small businesses. To qualify, you need to have fewer than 15 employees. You also must not be part of an employer association, have an in-house HR team, or already have a lawyer representing you.

At IAG, Alan and the team are always looking out for your business beyond just the numbers. Knowing where to find the right legal support can save you a massive amount of time, money, and stress.

If you need help managing the financial impact of your staffing or operations, we are always here for a chat.

Address

7/643 Newcastle Street
Perth, WA
6007

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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