123 Financial Group

Call Directions Website Contact the business

123 Financial Group 123 Financial Group specialises in accounting solutions that make running your business easier—from bookkeeping to smarter financial decisions.

Based in Newcastle, working with clients nationwide.

We ran the numbers on a $600,000 home loan, and the gap between 2022 and now is bigger than most people realise. If you’...
15/10/2026

We ran the numbers on a $600,000 home loan, and the gap between 2022 and now is bigger than most people realise. If you’d like us to look at your loan, you’ll find the link in my bio. ⬆️

You’ve worked full time in the salon all year. Your P&L shows eighty thousand dollars profit. You haven’t paid yourself ...
14/10/2026

You’ve worked full time in the salon all year. Your P&L shows eighty thousand dollars profit. You haven’t paid yourself a cent.

That eighty thousand dollars is your wage. It just hasn’t been paid yet.

I wrote a piece for Professional Beauty on the numbers salon owners walk past every week, and what to do about them.

A few that come up again and again:

📊 Wages creeping from 45% to 55% of revenue without a single decision being made
📅 A packed Saturday that tells you nothing about whether the business is working
🔁 Clients walking out the door without their next appointment booked

I also covered super. You’re paying it for every one of your team, every payday, and often nothing for yourself. Ten years of that adds up fast.

If you own a salon, or any small business really, I think you’ll find it useful. You’ll find the link in my bio 🩷

Thank you Professional Beauty • Beauty B2B Publication for having me.

Most salon owners set their prices the same way. They check what the salon up the road charges, land a little either sid...
13/10/2026

Most salon owners set their prices the same way. They check what the salon up the road charges, land a little either side, and bump it up a bit each year from there.

The trouble is, nobody ever works out what each service actually costs to deliver. So the salon’s booked out every week and there’s still less in the account than there should be.

Our founder Jen Richardson wrote about this for INSTYLE’s Styleicons. She walks through how to find what a minute in your chair costs you, why the long colour services are often the thinnest earners on the menu, and how to put your prices up without losing your regulars.

If you own a salon, or know someone who does, it’s well worth a read. You’ll find the link below 👇🏻

A big thank you to Diane Burke of Canvas Marketing Solutions for helping make this one happen.

https://www.styleicons.com.au/news/how-do-you-decide-what-to-charge-for-your-salon-services/

10/10/2026

You look after your staff. You make sure they’re paid, trained and safe. You look after your customers, your suppliers and your family.

But hardly anyone ever asks you how you’re going. And if they do, you probably say “flat out, but good.”

After forty years as an accountant, I can tell you that some of the toughest people I’ve ever met are business owners. And some of the most worn out.

So on World Mental Health Day, this one’s for you:

✔️ Have one person you can be completely honest with about how things are going.
✔️ Know where your numbers stand, because the unknown is often what keeps you awake.
✔️ Don’t wait until tax time to talk to your accountant. Get help through the year.
✔️ See your GP if you’ve been running on empty for too long.

You don’t have to carry the whole business on your own.

If you’re doing it tough, Beyond Blue’s NewAccess program offers free support for small business owners. You can also call Beyond Blue on 1300 22 4636 or Lifeline on 13 11 14. 💙

The ATO was about to stop accepting credit card payments after 30 November. That decision has now been pushed back 12 mo...
09/10/2026

The ATO was about to stop accepting credit card payments after 30 November. That decision has now been pushed back 12 months.

If you’ve been paying your BAS, PAYG instalments or a payment plan on your credit card, nothing changes for now. You can keep paying the way you have been.

Around 5% of small businesses paid their tax by card last year. For a lot of them it isn’t about the points. It’s because the money wasn’t sitting there when the bill landed, and the card bought them some breathing room.

This delay gives you time. Not much else has changed though. The cut-off is still coming, just later.

So if the card has been your backup plan, now’s a good time to look at why the cash isn’t there when tax is due, and to put something in place before the ATO stops taking it.

If you’d like a hand working out how to have your tax money ready each quarter, our team is here to help. You’ll find the link to book a chat in our bio.

08/10/2026

Your accountant tells you the business made a profit last year. Meanwhile you’re checking the bank account on a Thursday night, working out whether payroll clears.

Both can be true at the same time.

Profit tells you whether the work is worth doing. Cash flow is about timing: when the money lands and when it leaves. You can be doing good, profitable jobs and still feel squeezed every month because you’re paying wages, suppliers and super well before the client pays you.

In this video I explain why that gap happens, what the cash flow cycle actually looks like in a trade or service business, and a practical system to get on top of it.

If cash flow pressure is a regular conversation in your business, start here. And if you’d like to talk it through with us, send me a message.

07/10/2026

Busy week. Invoices out. The team’s flat out. Then you open the bank account and there’s less in it than there should be.

If you’ve ever said “we’re busy, but we’re still chasing money,” you’re in good company. It’s one of the most common things business owners say to me, and after forty years as an accountant, I can tell you the reason usually isn’t the one people expect.

In the full video, I walk through what’s really happening between the work being done and the cash landing in your account, and what you can do about it.

Watch the whole video here: https://youtu.be/Ww2gRTskZSk?si=z5VX_bZT6nKXHfJG

If you’d like a clearer picture of where your business stands right now, I’ve put together a free Business Health Snapshot guide to help. You can download it here: https://123financialgroup.com.au/business-health-snapshot/

06/10/2026

If you were adding a surcharge to card payments, it’s probably more than you think.

Since the first of October, you can’t pass card fees on to customers. The bank still charges you for every tap. That cost now comes straight out of your profit.

Worth checking this week: your actual merchant rate, whether least cost routing is switched on, and whether your prices still cover your costs.

If you’d like a hand working out what it’s costing your business, our team at 123 Financial Group can help. You’ll find the link in our bio.

Address

Suite 24, Level 1/10 Bradford Close Kotara
Newcastle, NSW
2289

Opening Hours

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

Telephone

+61249207886

Website

Alerts

Be the first to know and let us send you an email when 123 Financial Group 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 123 Financial Group:

Shortcuts

Share