As a business owner it is critical to know and understand your numbers. One of the most common reasons businesses fold is due to lack of funds and running out of money, which doesn’t necessarily mean they didn’t have enough customers or clients, however their expenses exceeded their revenue.

Being part of the Coraggion community enables Members to access a qualified accountant navigating best financial practices, tax benefits and accounting structures for their business. Every Coraggio Advisory Board has an appointed accountant to analyse Member’s companies profit and loss, balance sheet and cash flow projections on a monthly basis.

You work tirelessly negotiating deals and investing time fostering client relations, however many businesses neglect to invest the time ensuring they are financial structured correctly and receive the right deductions to maximise expenditure and gain a comprehensive understanding of ways to reduce taxable income and pay less on investment earnings.

For example, the Federal Government has introduced an instant asset write-off scheme for small businesses. Therefore, it makes good business sense to leverage this and other multiple business stimulation incentives.  Maintaining financial planning strategies is a continuous process.

Coraggio’s peer to peer mentoring provides access to great business minds culminating their combined industry experience, filling skill gaps in your knowledge and receiving impartial advice. Coraggio’s Member accountants share their knowledge (and the latest ATO and industry advice) to generate proactive outcomes for their fellow Members towards meeting financial goals, reviewing projections and revenue streams, as well as capitalising on tax incentives. This independent unbiased financial advice is presented in the best interest of all Members.