• insurance policy
    Am I Taxed on An Insurance Payout?
    Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and […]
  • changes-ahead
    What Changes on 1 July 2021?
    Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that everyone […]
  • Superannuation
    Super Guarantee Rate Rising 1 July
    On 1 July 2021, the super guarantee rate will rise from 9.5% to 10%. If you have employees, you will need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate. If you need help to work out how much super you need to […]
  • skilled migration
    Is It Time for Australia to Rethink Skilled Migration?
    Source: NestEgg When borders reopen, Australia has a chance to reshape its migrant policy, with an opportunity to target younger, more skilled workers, a think tank has revealed. Australia is not attracting the right migrants, instead it should focus on simplifying the process, taking in younger skilled workers, and paying them […]
  • Fringe Benefit Tax
    FBT Exemption, LMITO Tax Bill Introduced Into Parliament
    Source: Accountants Daily Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 was introduced to the House of Representatives on Wednesday and contains two tax measures included in the Morrison government’s 2021–22 federal budget.  The first of them is the government’s FBT exemption, which will provide employers with a way […]
  • cryptocurrency
    ATO Sheds Light on Crypto Compliance Focus
    Source: Accoutants Daily Speaking at a tax-time tips seminar on Thursday, ATO assistant commissioner Adam O’Grady warned tax agents and taxpayers that his office will be closely watching all capital events related to cryptocurrency come tax time.  “It is really important for all capital assets; we will be looking to […]
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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