Month: March 2025

Is It OK to Poach Employees? Hugh Bowman Says “Hell Yeah!”

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In his latest video, business coach Hugh Bowman tackles a controversial question: Is it OK to poach employees? His answer? Absolutely!

Hugh explains that the ideal employee is already working for someone else – most likely at a nearby business. After all, if someone is unemployed or has been made redundant, there may be valid reasons to question their suitability. As a business owner, the goal is to recruit the best people possible to strengthen the team and drive success.

He draws a comparison to sports, highlighting that no athlete spends years training only to step onto the field expecting to lose, or even to settle for a draw. The best business owners follow the same principle: they hire top talent, deliver the best work, secure the most profitable jobs, and ultimately run the easiest, most successful businesses.

For those looking to learn more about effective recruitment strategies, Hugh invites viewers to reach out. Get in touch today!

Phone 0409 402 474
www.actioncoachgeelong.com.au

You Get What You Deserve – The Key to Hiring the Right Team

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You Get What You Deserve - The Key to Hiring the Right Team

Hugh Bowman from ActionCOACH Geelong shares a powerful recruiting principle that should guide every business owner when hiring: You get the people you deserve!

It may sound harsh, but it’s the truth. Struggling to attract top talent? It might be time to take a closer look at leadership and workplace culture.

• Poor leadership drives away the best employees.

• A toxic work environment repels great talent.

• A team full of underperformers makes it difficult to attract high performers.

• Low-quality work fails to interest top-tier candidates.

Recruiting the right people isn’t just about filling a position—it’s about creating a workplace that attracts and retains the best. If hiring the right team feels like a constant challenge, Hugh Bowman can help turn things around.

Contact Hugh today:

Free Marketing Plan for Tradies – Get More Qualified Leads!

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Free marketing plan

Are you a tradie struggling to find high quality leads or stuck chasing low paying jobs? We’ve got a game changing opportunity for you!

We’re offering a free, custom marketing plan to help qualified trade businesses attract more leads, increase profitability, and escape the cycle of inconsistent work.

This isn’t just any offer, we’re putting serious expertise behind it. You’ll get insights from:

– An agency qualified marketer

– A top business coach (APAC Action Coach of the Year)

All you need to do is fill out the form below. We’ll assess your business, create a tailored marketing plan, and provide you with expert guidance to help you grow.

MARKETING PLAN FORM

Don’t miss out, apply today!

How to Calculate Your Own BAS – A Simple Guide for Tradies

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When it comes to Business Activity Statements (BAS), many tradies assume they need to rely on their bookkeeper or accountant. But the truth is, you can calculate it yourself—and it’s actually pretty simple! By understanding a few key reports in your accounting software (like Xero, QuickBooks, or MYOB), you can stay on top of your finances and be well-prepared for tax time.

What You Need to Know:

To calculate your BAS, there are three key figures you need to check:

1. GST Reconciliation

This report shows how much GST you’ve collected from customers and how much GST you’ve paid on expenses. Your BAS will require you to pay the difference. To find this, simply run the GST Reconciliation Report in your accounting software.

 

2. Withholding Tax – Payroll Activity Statement

If you have employees, you need to report the tax you’ve withheld from their wages. In Xero, this information is found in the Payroll Activity Statement. Look for the PAYG withholding amount—this is what you need to include in your BAS.

3. Company Tax Instalment Rate

This is an estimate of how much company tax you’ll need to pay each quarter. The ATO usually sends you a letter with your installment rate based on your last tax return. If you haven’t received it, check with your accountant or look it up in your ATO online account. You can adjust this rate if your business income changes significantly.

Check These Reports Before the Quarter Ends! It’s a good habit to review these reports before your BAS is due. That way, you’re not caught off guard by a big tax bill.

If you’re unsure about any of the numbers, double-check with your accountant—but by doing this yourself, you’ll have a much clearer picture of your cash flow.

Need help? I work with Xero, QuickBooks, and MYOB every day, so feel free to reach out if you have any questions.

Thanks

Hugh Bowman
Business Coach
0409 402 747

Business Activity Statement (BAS) – What Is It?

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In this video, business coach Hugh Bowman from ActionCOACH Geelong explains the key components of a Business Activity Statement (BAS) and why understanding it is essential for business owners.

A BAS is a report that businesses submit to the government to account for three main tax components:

1. Goods and Services Tax (GST)

GST is the tax collected on sales (typically 10%) minus the GST paid on purchases. The final amount payable depends on the difference between collected and paid GST. Businesses often see higher GST obligations in the final quarter of the year when work volume increases before Christmas.

2. Withholding Tax

This is the tax deducted from employees’ wages before they are paid. If a business increases staffing or incurs high overtime costs, withholding tax will also rise accordingly.

3. Company Instalment Tax

This is a forecasted tax amount based on the business’s previous taxable profit. The government estimates quarterly tax obligations based on the last financial year’s profit, typically applying a 25% company tax rate.

By adding GST, PAYG withholding, and company instalment tax, businesses arrive at their BAS amount.

For any further questions about BAS, feel free to reach out to Hugh Bowman.

Phone: 0409 402 474

www.actioncoachgeelong.com.au