The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. Opportunities – FOR YOU Take advantage of the 1 July 2024 tax cuts by bringing forward your deductible expenses into 2023-24. Prepay your deductible expenses where possible, make any …
Effective debt management is crucial for the financial health and sustainability of any business. As a business owner, understanding how to manage debt can mean the difference between thriving and merely surviving. This blog post will provide you with essential tips on managing your business debt, with insights from a trusted business accountant in Melbourne. 1. …
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The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero. According to election guru Antony Green, the window for the next election starts on Saturday, 3 August 2024, “the first …
When it comes to managing your finances, accountants are often seen as the professionals who help you navigate the complexities of taxes and financial statements. However, they can do much more than just keep your books in order. Accountants can play a crucial role in helping you save money. In this blog post, we’ll explore …
Choosing the right accountant in Melbourne is a crucial decision that can significantly impact your financial success. Whether you’re an individual seeking help with tax returns or a business owner in need of comprehensive accounting services, finding the right professional is essential. In this blog post, we will provide you with 10 valuable tips and …
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The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. The surplus was driven by a surge in the corporate and individual tax take. High commodity prices, inflation, and high employment have all pushed up corporate and individual tax receipts. But the gains can’t be relied …
