A decision by the Administrative Appeals Tribunal has the tax world in a flurry after the Tribunal found in favour of a taxpayer who sold the apartment she lived in for a loss, then claimed the $265,935 loss in her tax return as a deduction. In this case, the taxpayer successfully argued that the purchase …
The controversial case of the taxpayer who claimed a loss on their home Read More »
Starting a small business is an exciting venture that requires careful planning and consideration. One crucial aspect that often gets overlooked is the financial foundation of your business. In this blog post, we will explore seven essential questions to ask, particularly focusing on the role of a business accountant. These questions will help you set …
7 Crucial Questions to Ask Before Launching Your Small Business Read More »
Happy 1-year birthday to our readers! To celebrate this milestone, we’re diving into a topic crucial for the success of small businesses—finding the right accountant. As the backbone of your financial stability, a skilled small business accountant can make all the difference in steering your venture towards prosperity. In this blog post, we’ll explore the …
Guide in Finding the Perfect Small Business Accountant Read More »
As the calendar turns, businesses embark on a new financial journey, and for business accountants, this marks a pivotal time to chart a course for success. In this blog, we’ll explore the strategic approaches that business accountants take when navigating the intricacies of year-to-year financial management. From reflective analyses to proactive planning, discover the key …
Business Accountant: Guide to Year-to-Year Financial Success” Read More »
In the dynamic world of business and finance, staying abreast of the latest taxation regulations is crucial for both individuals and businesses. One often overlooked aspect is the Vacant Land Tax, which can catch many property owners off guard. In this blog, we’ll delve into the intricacies of Vacant Land Tax and shed light on …
Business Accountant: Understanding Vacant Land Tax Read More »
Are you a business owner in Melbourne looking to reduce your tax liabilities and maximize savings? One often overlooked area for potential savings is car expenses. By effectively managing and maximizing car expenses, you can not only improve your business’s financial health but also stay compliant with Australian tax regulations. In this blog, we’ll explore …
Maximizing Car Expenses to Save: Expert Tips from Business Accountants Read More »
Starting a new business is an exciting venture, but it also comes with a fair share of financial challenges and responsibilities. One of the most critical steps you can take to ensure the financial success of your new venture is to hire a business accountant. A skilled accountant can provide invaluable guidance, helping you make …
Questions to Ask a Business Accountant When Starting a Business in Australia Read More »
When it comes to managing the financial aspects of your small business, it’s crucial to understand the distinction between accounting and bookkeeping. Both functions play essential roles in maintaining the financial health of your business, but they serve distinct purposes. In this blog post, we’ll dive into the differences between accounting and bookkeeping, and we’ve …
Accounting vs. Bookkeeping: Business Accountant Explained Read More »
Tax season can be a daunting time for businesses, but it’s a necessary part of maintaining a healthy financial ecosystem. In Melbourne, Australia, understanding the intricacies of business tax returns is essential for compliance and financial stability. Whether you’re a small start-up or an established corporation, this guide will help you navigate the world of …
When it comes to running a business, every financial decision you make can have far-reaching consequences. One such financial consideration is the capital gains tax (CGT) for business assets. Understanding CGT is crucial for business owners, as it can significantly impact your financial planning and investment strategies. In this blog, we will demystify the concept …
