Last chance to take advantage of Temporary Full Expensing
The temporary full expensing rule is in effect for Australian businesses until 30 June 2023.
How to Create Financial Projections for Your Small Business
Financial projections are vital to your business plan, but devising them can be challenging if it’s your first time. To aid you in this, we’ve compiled a guide on creating financial projections with all the essential information and tips and tricks you need. What are Financial Projections? Financial projections are estimations of future financial outcomes, …
How to Create Financial Projections for Your Small Business Read More »
Understanding The Difference Between Sole Trader, Partnership, And Company
Choosing the right business structure is one of the most crucial decisions you’ll make when starting your business. Many factors must be considered when making this decision, such as your growth plan, business size, and circumstances. As a small or new business, you may change your structure further down the line to reflect business growth, …
Understanding The Difference Between Sole Trader, Partnership, And Company Read More »
How To Claim Deductions for Employees’ Salary and Wages
An inevitable part of running a business is paying your employees salaries, commissions, bonuses, wages, and superannuation. But did you know these can be tax-deductive if you comply with ATO’s rules and regulations? This guide details vital information business owners must know regarding claiming employee salaries and wage deductions. Claiming Salaries and Wages The deductions …
How To Claim Deductions for Employees’ Salary and Wages Read More »
How to Organise Your Small Business Accounting Documents
Efficient organisation is an essential part of running a small business. Although completing vast amounts of paperwork may feel daunting, staying on top of vital documentation will help you in the long run. This guide will detail the best ways to organise your accounting documents, ensuring your small business remains organised. 1. Create a Filing …
How to Organise Your Small Business Accounting Documents Read More »
How To Manage And Reduce Business Tax Debt
Managing business tax liabilities is a complicated task. However, it’s also one of your most important duties. Tax debts can incur serious consequences if left unpaid. Thus, it is important to be proactive when managing this debt. Prioritising Your Tax Debt It’s important to consider all your cash flows and review what payments you …
Why aged care matters
With so much to know about this very important decision around how you, or someone you care about, will live out their final years, it’s important to get all the facts from a qualified Financial Adviser who understands the aged care system and can provide options and advice, giving consideration to your individual circumstances.
How to Prepare for a Tax Audit
A tax audit is an examination that ensures your financial records and taxations are in compliance with Australia’s tax laws and regulations. Anyone can be contacted, so it’s always helpful to complete your paperwork and make sure you have receipts and documentation on hand to support all your claims. So, in light of this new …
MYOB vs. Xero vs. QuickBooks
When you’re running a business, you have to take care of everything, from finances to customer service. So, It’s always better to find tools that can help you save time and automate recurring accounting tasks that become tedious after a while. If you’ve been stuck for a while trying to choose between QuickBooks, Xero, and MYOB, let’s …
Will AI Affect Accountants? The Future of the Accounting Profession!
Artificial intelligence, artificial neural networks, deep learning, and robots only seemed part of science fiction only a few decades ago. But today, these types of technologies are used in every industry. Industries like medicine, agriculture, healthcare centers, and customer service have already shifted toward robotic work. These changes may have brought positive changes for some, but they …
Will AI Affect Accountants? The Future of the Accounting Profession! Read More »