Changing Accountants? 6 Steps to Make it Seamless
Are you thinking of changing accountants but concerned about the level of complexity involved? We understand this decision is not easy, but as your business structure and financial needs grow, the circle of professional expertise around you may also need to grow. It’s natural to have concerns. Will the new accountant be more responsive and […]
Christmas deductions in 2024 – what can you claim for Christmas functions and gifts?
With Christmas and the festive season just around the corner, business owners are getting ready for their end of year celebrations. Knowing the rules around Fringe Benefits Tax (FBT), Goods and Services Tax (GST) credits, and what’s tax deductible will help you plan enjoyable summer festivities with staff and clients, without unnecessary tax surprises. First, […]
Running a small business? Here’s what you need to know about CGT concessions.
Capital Gains Tax (CGT) concessions provide an opportunity for small businesses in Australia to reduce, disregard or defer some, or all of the capital gains from a business asset. It is important to understand these concessions and how they can impact your business’s bottom line. In this article, we will delve into the key aspects […]
Christmas deductions – what can you claim for Christmas functions and gifts?
With Christmas and the festive season just around the corner, business owners are getting ready for their end of year celebrations. Knowing the rules around Fringe Benefits Tax (FBT), Goods and Services Tax (GST) credits, and what’s tax deductible will help you plan enjoyable summer festivities with staff and clients, without unnecessary tax surprises. First, […]
What structure should I choose for my business? Here are the 4 main types in Australia.
There are four main types of business structures used in Australia – sole trader, partnership, company and trusts. Each one has its own set of advantages and choosing the right one at the start is important, as it impacts your tax obligations, registration and legal liabilities. You can change your business structure as your business […]
Medical and healthcare practice accounting services
Spend time with your patients and less on your paperwork with our help Medical and allied health practices are often juggling the balance of providing quality patient care while ensuring cash flow in the business is healthy, and that accounting documentation is compliant. Wouldn’t you prefer to spend more time taking care of your patients […]
Grow your business with confidence and a network of trusted professionals around you
As a business owner, you’re not alone if you feel you have everything under control for a while and then no control whatsoever. Growing a business means navigating a changing landscape and this landscape involves your marketplace, your customers, and the products you are selling. Nothing stays static for any length of time nor should […]
Federal Budget 2023/24 Snapshot For SMEs And Individuals
The Government has handed down its 2023/24 Federal Budget with a small surplus and a range of cost of living measures. Limited tax measures were announced, aimed mainly at small businesses to encourage transition to energy efficient assets, and to assist with business cash flow. Business Measures Small Business Instant Asset Write-off (IAWO) The Government […]
Working from home – your reporting obligations and what you can claim as a deduction
We haven’t seen a paradigm shift in Australia’s workforce this significant for many years. The ability to work from wherever you want to call your office and use the hours in your day to be as productive as you need, is now a real thing! Work-life balance has become much more achievable. Many Australians are […]
Small business: 9 steps to creating a business plan
You’ve taken the first step to start a new business. You’ve got a good idea that you feel passionate about. You’ve done the research and you know there is a market for it. Great – you’re on your way! Or, you may have a business already and you want to go back to the drawing […]