Latest News May 2021

http://www.aplaccountants.com.au

Web Masterclass – Active patients and active clients, what do these numbers mean and how can you use them to improve your business?

Date and time: 12 May 1pm Brisbane time.
To register for this event click here:
https://us02web.zoom.us/webinar/register/WN_vR0VqpUySfOwbHWjUxgN7Q

For a long time now we have relied on Active Clients as a very useful number – in fact we may have even said it is one of your most important KPI’s. It helps assess the workload of a practice, whether a practice is overstaffed, the inherent goodwill in a practice and whether a practice is growing by more than just fee increases. Surprisingly though, we have noticed when doing business valuations that many practices outside of our regular accounting and advisory services are not aware of this important number.

And now we have managed to get accurate measurements on a KPI that is just as powerful – Active Patients. This is something completely new that almost nobody knows about! 

In this event we will discuss how we define an active client vs an active patient  (the criteria for measuring them). We will discuss what the client to patient ratio should be and what it means if your practice deviates from this ratio. Then we will show you some interesting scenarios of how practices deviate from this and could potentially be losing a lot of money.

Finally we will also look at this measurement in context of how it has changed over COVID and how we intend to use these numbers over the next 6 months to make sure the veterinary industry is staying healthy.

So don’t miss this lunchtime ‘no-sales’ web event that promises to give you more insight into the industry.

Date and time: 12 May 1pm Brisbane time.
To register for this event click here:
https://us02web.zoom.us/webinar/register/WN_vR0VqpUySfOwbHWjUxgN7Q

Should you have registered for payroll tax?

As annoying as it may be, when your wages and superannuation go over a certain amount you have to pay ‘payroll tax’ to the state government. Every state is different, generally you need to add up wages, superannuation, locum fees and director fees and if your expense is over a ‘threshold’ then you have to register for and pay payroll tax. 

This is something you should all be looking at as you are employing more people and increasing wages. Below is an annual threshold for each state, so if you are close to this threshold then you should look at it more closely. Note that the threshold for Victoria is very low compared to other states:

Qld $1.3m

NSW $1.2m

Vic $650,000

SA $1.5m

WA $1m

NT $1.5m

Tas $1.25m

ACT $2m

Dog Tales!

Yay, we are SOOO excited! We have a new bookkeeper, Renaei, that’s joined our pack. The bigger the pack the better – more tickles, more treats…oh no, mom just said Renaei will be working from her home office so how do we get remote tickles and treats?! Why is everyone working from home these days, it’s making the office so boring we only ever hear one side of the conversation and it’s never good to know only one side of a story. But what we do know from our side is that Renaei has an accounting degree and is xero certified, she loves helping clients and mom and dad think she’ll be a great fit to our pack!