Searching for the right accountant for your business is not as simple as it may seem. Here are some tips to help you find the right accountant: 1. Check their credentials Don’t hesitate to do this. You can use LinkedIn to verify your accountant’s qualification or find out if they are members of professional associations […]
What is Personal Service Income (PSI) and what are its disadvantages? According to the Australian Taxation Office, PSI is money earned as a result of personal skills or efforts, and usually applies to contractors or consultants. PSI regulations are relevant to single traders, companies, partnerships, or trusts. Personal services income can be made only by […]
If you are considering purchasing a new car, it might be worth your while to learn about the pros and cons of two possible ways you can own your dream ride. Novated Lease This involves a business, on behalf of an employee, leases a vehicle from a finance company. The deed of novation, or contract, […]
There is an element of risk in every decision we make. We are evaluating risks with the decisions we make every day. What is the best way to get to the office? Should I rent or purchase a house? Which restaurant should I choose to dine at? Every decision has a different result; every result […]
Here are the eight biggest untruths that you might have read or heard with regards to creating and/or running a self-managed super fund: Myth #1 The Policies are Never Consistent. You’ve probably heard that one of the disadvantages of owning a SMSF is that you have to be vigilant because the rules and regulations are […]
Can you differentiate surcharges from rebates? Levies from lifetime health cover loading? You can save hundreds of dollars on tax season if you know how your health insurance affects your financial situation. Here are 5 important things you should be aware of about your health insurance and your tax: 1. Save money by paying for […]
According to the Innovation Statement issued last week, the Government has made an effort to eliminate concerns over failure by offering tax benefits and amendments to insolvency rules to further increase the flexibility of business people and investors in innovative start ups. Less Strict Same Business Test The existing same business test will be loosened […]
The ever-changing business scene is putting pressure on small business owners and single traders to improve their accounting systems annually. This is to make sure that every dollar spent is accounted for. What are some of the tax deductions that employers may overlook when lodging their tax returns? Donations to Charities Monitoring bigger, direct charitable […]
PJS Accountants
Level 1, “The Hub”
2 Loraine St
Capalaba, QLD 4157 Australia
Phone: (07) 3390 3177
Fax: (07) 3245 5726
Email: admin@pjsaccountants.com.au
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