• investment-advise
    Where Should You Invest When Interest Rates Are So Low?
    Source: NestEgg With the cash rate close to zero, this will have big implications for how you should invest your money to generate the best return. So, what are the options and which asset classes will best enable you to build wealth? Cash  Australians have put $100 billion in the […]
  • tax cuts
    How Australians are Taking Advantage of Income Tax Cuts
    Source: Accountants Daily Colonial First State (CFS) has surveyed 2,000 Australians to determine their tax-saving intentions following changes to personal income tax announced in the budget on 6 October. As part of the measures to personal income tax, Treasurer Josh Frydenberg declared tax cuts worth nearly $30 billion would be made […]
  • Stock market investment trading financial, coin and Australia flag or Forex for analyze profit finance business trend data background.
    ATO Extends JobKeeper Deadlines Ahead of Christmas, New Year
    Source: Accountants Daily Completion of the December business monthly declaration, for employers to be reimbursed for payments between 23 November 2020 and 3 January 2021, has also been extended from the usual 14th of each month to 28 January 2021. To account for the New Year weekend, the Tax Office will also […]
  • jobmaker
    JobMaker Hiring Credits: What We Know So Far
    We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll […]
  • tax loss
    Refunds for Tax Losses
    If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.  In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously […]
  • investment
    Tax Deductions for Investing in Your Business
    Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that […]
31 July 2017

5 Things To Do Before Applying A Loan

Obtaining a loan is notoriously difficult for small businesses, but there are ways to improve the appeal of your loan application. Working with a small business accountant can help you increase your chances of getting an approval. Borrowing funds is just one of the ways small businesses can generate capital, and […]
12 December 2016

Applying for Bank Loan

Business Loans – Fact or fiction? You believe you have a business loan but is it just another mortgage against property (possibly the family home)? You need an increase in your overdraft but your bank, whom you’ve dealt with for years, has eventually told you “no”. Do you understand why? […]
26 October 2016

What To Do When The Bank Says No

At the end of a long-winded application for a bank loan, it can be hugely disheartening to be turned down. In fact, studies have repeatedly shown that when a business owner gets a ‘no’ from their bank, the most likely outcome is they’ll give up entirely. The next-most-likely outcomes are […]
26 October 2015

Deadling With Interest Rates Increases

Interest rates are rising and sharemarkets are falling. The Reserve Bank of Australia has raised interest rates several times in the last year or so, but there may be no immediate end in sight. Economists are predicting the RBA will impose two more rate rises in 2008, with a total […]
15 May 2015

Your Melbourne Accountant Advice On Securing Loans

Whether you are planning to set up a new business or expand a product line, you will need the financial of a bank to help you infuse capital. Unknown to many, a your Melbourne accountant or small accounting firm Melbourne can prove of be a valuable ally in securing bank […]
29 September 2014

Understanding Director’s Loan Account

Melbourne Accountant Advice On Drawing Money From Your Business Managing company finances is best with the expertise advice and insights of a seasoned Melbourne Accountant. In general, the process of borrowing money from your business for your personal use is a fairly straightforward. However, it’s an entirely different matter if […]
12 December 2013

Numbers That Matter When Applying For A Loan (Part 2)

pprovAt some point, you will need to apply for financial assistance, whether you are starting a new venture or expanding your business. However, as many know, obtaining a loan approval is not a walk in the park. You will need the assistance of a Melbourne accountant or chartered accountants Melbourne […]
11 December 2013

Numbers That Matter When Applying For A Loan (Part 1)

It might come as a surprise to many but most bankers will not read the full financial statement. Well, at least not at first. If you are a small business owner applying for a loan, bankers are likely to go over your financial statement and easily draw a conclusion within […]
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