Blogs & Resources
14 March 2023
Tax Planning v Value Planning.
As an accountant working with small businesses, we are often asked by clients the best way to reduce their tax position.Minimising you tax liability is a great …
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5 March 2023
The Three Freedoms of your Business.
Do you understand the 3 areas of your business that will improve your overall lifestyle? Financial FreedomDo you know your cash position?Can you pay bills …
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24 February 2023
Transfer Balance Cap Increased
For the 2024 financial year, the transfer balance cap in peoples Superannuation Funds will be increased by $200,000 from $1.7 million to $1.9 million.Effectivel…
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22 February 2023
Still Working from Home?
The ATO has release some guidance on claiming working from home deductions, please refer to the below for further explanation.Practical Compliance Guideline - P…
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20 February 2023
Employee or Contractor?
The Australian Taxation Office (ATO) has issued the following as a result of a recent ruling in the High Court:- Draft Ruling TR 2022/D3 PAYG withholding: who i…
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6 February 2023
Tracking your Business Value.
People monitor their shares and property values all the time, however, they are usually oblivious to the value of their business.Many business values are calcul…
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26 January 2023
Working Capital – Understand It and Improve It.
Working capital is your current assets less your current liabilities.It demonstrates that if a business has sufficient net funds available to meet its financial…
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10 January 2023
11 Profitability Measurements to Understand
Measuring and understanding the profitability of a business is vital to its success.The accounts that help to measure and effect your profitability include:Prof…
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6 January 2023
Revenue Growth and Cost of Goods / Services Growth
Most businesses strive for increases in their revenue. Revenue Growth is great, but it should be done with the value in mind. Ideally for a business t…
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20 December 2022
Tax Tips for Christmas
3 Tax Tips for Christmas:Giving Employees Gifts at Christmas Time.Are gifts to clients / customers tax deductible?Can I claim my Christmas party as a tax deduct…
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7 December 2022
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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30 November 2022
The Seven Ways to Grow Your Business
Below are seven key methods for growing your business.One: Increase client retention rate.Keep current clients happy - it is easier to keep existing clients tha…
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22 November 2022
Are gifts to clients / customers tax deductible?
Generally speaking yes. If the gift is designed to:1. Promote and / or advertise your business;2. Generate goodwill between your busin…
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20 November 2022
Can I claim my Christmas party as a tax deduction and what are the fringe benefit tax implications?
Generally speaking, if a party / function is held off the employer's premises and the cost per head is less than $300 the cost will be exempt from Fringe Be…
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26 October 2022
2022/23 October Federal Budget
Please subscribe to our newsletter for our 2022 / 2023 October federal budget update, where amongst others the following topics are discussed: 1.&n…
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10 October 2022
Taxation Update - October 2022
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - Is saving tax worth working 10 extra …
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