Blogs & Resources
17 April 2022
Grow with the Value in Mind - Inventory / Stock Management
Businesses will often (without realising) carry too much or too little inventory.Inventory affects both the profit and loss and balance sheet of a business. &nb…
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14 March 2022
Let us start with the end in mind - The benefits of measuring your Business.
Measuring your business against other similar businesses can give you valuable feedback on your business performance.When you benchmark your business, you will …
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1 March 2022
Why do we go into Business?
I googled this – there are many articles. Below are the responses from the articles that feature on the first page of the search.Control Your Schedul…
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21 February 2022
Back to Basics: Pricing your products and services.
Many business owners will reduce their prices to increase volume and hopefully revenue and profit, however, this does not necessarily lead to the results antici…
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10 February 2022
Taxation Update - January / February 2022
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - ATO support for businesses in difficul…
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13 December 2021
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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9 December 2021
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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2 December 2021
Taxation Update - December 2021
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - Super is now following new employees- …
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29 November 2021
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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2 November 2021
Taxation Update - November 2021
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - Preparing for the new Director ID regi…
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26 October 2021
Small Business CGT Concession – Tax Minimisation
Small business capital gains tax concessions allow the owners of small businesses to disregard or defer some of the gains they make when selling their businesse…
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18 October 2021
Cash flow and profit?
A common issue that we hear is how can I be making a profit but yet I have no cash to pay myself and my bills.The first thing to remember is that your profit do…
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18 October 2021
The ATO has extended the Work From Home shortcut method.
https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Home-office-expenses/Shortcut-method/If you would like to discuss further plea…
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9 October 2021
Taxation Update - October 2021
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - Extra super step when hiring new emplo…
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7 October 2021
Director identification number
Current Company Directors have until 30 November 2022 to apply for their Director Identification Number.Please refer to the link below for more information.http…
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30 September 2021
Understanding the financial reports of your business.
Most people who own a business will have an accountant that will prepare a set of financial reports and income tax return for their business.Many of these busin…
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