You probably have encountered all types of clients – those who have to take drastic action right this minute; those who live happily outside of their means; and those who believe that long term is next week. It’s fun living your life now and not thinking about your obligations for the future. But when the […]
Some of the changes that are worth noting are the tax benefits for small businesses, the new tax procedure for managed investment trusts, and strengthening access to company losses. Depreciation for small businesses made simple Small businesses are entitled to an immediate deduction to the business part of most assets of they are valued below […]
Audit proofing your business is a sign of good corporate governance. The essentials to the concept of audit proofing your business is your manner of handling record keeping for your business and your knowledge of the laws that affect you on a day-to-day basis. Make sure your record keeping is outstanding Using a professional online […]
Tax time is here once again. Have you found time to evaluate your business to determine how it is performing? Or is your schedule to hectic to slot that task in? Being full of activity doesn’t always translate to profitability. For your business to grow, it’s important to evaluate performance regularly. It is also a […]
If it has been years since you started your own business, you undoubtedly can relive what you went through and realise that it has transformed dramatically over the years. A good number of businesses experience a life cycle with distinctive stages. It’s fascinating to observe the normal stages and learn what stage you are in […]
The word “tax” never fails to make us feel scared or worried. Yes, it’s a bit stressful seeing a part of your hard-earned income vanish. But you don’t have to feel this way about paying taxes, in general – if you do it properly. With regards to Capital Gains Tax (CGT), you have to know […]
Many business owners may have had the time to oversee all aspects of their business when they were just starting out. But when their business begins to expand, it is time to weigh things up. Is outsourcing certain tasks the way to go? It is more important that business owners concentrate more on the areas […]
The scene is the same every year, despite making a promise to be better organised; you find yourself dashing from room to room, looking into drawers and folders for receipts. Why are you even doing this? Your accountant and the tax agency never requests for them anyway, right? Well, a reputable accountant will always ask […]
At the start of every year, it looks as if the Australian Taxation Office (ATO) declares its drive to zero in on a specific segment of taxation. In 2015, the ATO has stated that it is stepping up its focus on rental property deductions. This could refer to many different kinds of deductions, but a […]
How ready are you for the end of the financial year? You can begin to get ready even before the start of June. Start early and ease any end of financial year (EOFY) stress. There are a number of things you can do to be able to lodge your tax promptly and to get ready […]