Blogs & Resources
21 January 2020
Is your Business Locked Up?
Lockup is the combination of your Work In Progress (WIP) and Debtors. It can also be expressed in days - the amount of days taken to convert your WIP and …
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16 January 2020
Cash is King!
We have all heard the term ‘cash is king’ and a business survives on its cash not profit.The Cash Conversion Cycle (CCC) measures the total number o…
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14 January 2020
Can home to work travel be claimed as a tax deduction?
Normally home to work travel for an employee is not tax deductible as it is deemed private travel. However, it is possible for an employer to make the empl…
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8 January 2020
Reduce your tax - 9 things to consider for 2020 tax planning.
Businesses and Individuals should be reviewing their affairs to ensure the best possible tax outcome for the 2020 financial year.9 areas to consider:1. &nb…
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2 January 2020
New year’s resolutions. Improve my business.
Most businesses would like to improve in the following areas:Revenue GrowthProfit ImprovementCash flow ImprovementIt is then a matter of identifying Key Perform…
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29 December 2019
Critical Sucess Factors (CSF) for your business.
A Critical Success Factor (CSF) is something that is required to be acheived for a business or organisation to succeed.CSF need to be: Vital to your success and…
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22 December 2019
Tax Tips for Christmas.
Some useful tax tips for businesses for Christmas.Are gifts to clients / customers tax deductible?Can I claim my Christmas party as a tax deduction and what are…
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12 December 2019
Giving Employees Gifts at Christmas Time.
Generally, the most tax effective outcome when providing Employees with gifts is to ensure that the following is adhered to:1. The gift is less than $300, Goods…
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10 December 2019
What can your Gross Profit Margin will tell you about your business?
The Gross Profit Margin is a common but often overlooked calculation for business. The Gross Profit is calculated as follows:Sales or Revenue less Cos…
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4 December 2019
Taxation Update - December 2019
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:PAYG and deductions for payments to workers STP…
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7 November 2019
Taxation Update - November 2019
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed: Super guarantee opt-out for high income earner…
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1 November 2019
Using a Partnership as a business / investment vehicle.
This involves two or more entities who agree to share the profits or losses of a business or investment. It is recommended that a partnership agreement be…
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30 October 2019
Can a racehorse beat the Australian Taxation Office (ATO)?
The first tax issue to consider with owning a racehorse is whether you are operating as a hobby or a business. Generally, it is difficult to demonstrate to the …
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7 October 2019
Benefits of having a company’s shares owned by a family trust
This strategy involves having a company’s ordinary shares owned by a family trust structure (instead of the individual directors). This applies irrespecti…
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4 October 2019
Taxation Update - October 2019
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:- $30,000 instant asset write-off- Federal Court pro…
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9 September 2019
Tax benefits of jointly owning motor vehicles.
The ATO have confirmed that even when a vehicle is only registered in their spouses name a taxpayer is still considered to be the joint owner or lessee of the m…
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