Budget 2022 Recap
On Tuesday night the annual federal budget was released, but what changes did it promise and what does that mean for you as an individual or business owner? We’re determined the key tax and business… Read more
On Tuesday night the annual federal budget was released, but what changes did it promise and what does that mean for you as an individual or business owner? We’re determined the key tax and business… Read more
The ATO recently announced that the rate at which work-related car expense deductions may be calculated using the cents per kilometre method will be 68 cents per km commencing 1 July 2018 (up from 66… Read more
Recently the opposition leader Bill Shorten announced the ALP’s intention to change the way credits are allowed on Franking Credits stating it only helped the rich and big business. Either Mr Shorten is totally ignorant… Read more
Here are some other quick tips to ensure your invoicing process is as seamless as possible Include all details: Include your purchase order (PO) number as well as the regular information such as company number,… Read more
You may still need to lodge a tax return if your taxable income come’s in under the tax free threshold. Common reasons for this include, if you: had pay as you go (PAYG) withheld from… Read more
In 2014 a survey of 500 small business owners was carried out, as to what they loved and hated most about owning their own business. The results found that, unsurprisingly, flexibility and feeling in control came out on… Read more
If you’re like most small business owners, you are likely to spending a majority of your day managing the day to day operations, keeping your customers happy, and furthering your businesses growth. While spreadsheets, cash… Read more
Keeping track of your expenses, purchases, sales and earnings is fundamental to the overall sustainability of your business. Effective bookkeeping produces the correct data you need to plan for the future, while also evaluating current practices.… Read more
Preparing for tax season is really a year-round task. The first tip is to update financials on a monthly basis, using a streamlined software or cloud-based system. This way, everything you need is all in… Read more
By handling their financials themselves many small business owners think they’re saving money. While it is a skill to learn bookkeeping basics, cash flow management and tax obligations, there are several benefits to hiring an accountant… Read more