• 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 […]
  • system-outage
    ATO Extends JobKeeper Monthly Declaration After System Downtime
    Despite the business monthly declaration for October JobKeeper payments due on 14 November, the ATO had scheduled its system maintenance for online services for agents over the weekend, effectively affecting access over both days. As such, the ATO has now confirmed it will continue to accept and process late declarations. […]
  • best-worst-smsfs
    3 Best and Worst Super Funds Revealed
    Source: NestEgg Stockspots 2020 Fat Cat Funds report has stated that poor performance is largely due to higher fees, with CEO Chris Brycki highlighting to consumers they would be $200,000 better off if they are in a fund charging less than 1 per cent instead of paying 2 per cent. “One […]
  • Australian Tax Office
    ATO Flags Key Early Access to Super Dates
    In an online update, the ATO said that ATO offices will generally be closed from midday of 24 December 2020 to the start of business on 4 January 2021. The last fund files prior to Christmas will be sent on 24 December 2020 – this will include all approvals up […]
6 August 2018

21 Ways A Melbourne Accountant Can Help a Small Business Owner

If you are bootstrapping or starting a small business on a limited budget, you have probably spent some time trying to figure out where you can cut business costs and do more on your own in order to stretch the funds you have available. One area you may consider doing it […]
25 October 2017

Corporate Governance

Corporate Governance Issues regarding Corporate Governance have become increasingly important for companies to consider in light of the number of recent, high profile corporate collapses. We understand the importance of having specific rules in place to ensure that the conduct and actions of senior management are in the best interests […]
20 March 2017

When should you move from being a sole trader to a company?

Broadly speaking, a company tends to be the best structure for a business to operate within, but it’s important that the switch from sole trader to company is made at the right time and for the right reasons. Here are some of the common reasons for making the switch. 1. Tax purposes People […]
30 November 2016

Financial Smarts For Business Owners

Small business owners are in a unique financial position, especially when they start planning for the future. Many won’t have the same range of financial assets that employees develop over their career, and plenty will be relying on the business to provide for them and their families when they step […]
29 February 2016

Why Hire a Melbourne Accountant When Acquiring a Business?

The city of Melbourne is a choice spot for businesses. No wonder many of Australia’s biggest companies chose it to house their head offices. If you’re planning to have your own business in this thriving city, acquiring an existing company might pique your interest. Buying a business in Melbourne or […]
21 December 2015

Deregistering A Company

Why Is There A Need to Deregister? A company remains registered as a company even after it ceases trading. While registered it is still subject to the legal requirements of a registered company, including payment of the annual review fee each year. If you have no further use for your […]
16 November 2015

Overview on Your Business Finances

A business can unlock additional financing and avoid cashflow problems by managing its finances prudently and strategically. Managing Your Cash One of the key financial aims of a business is ensure that it has enough cash on hand to keep the business going. That means both getting paid on time […]
20 October 2015

Importance of Internal Controls

Internal controls are a company-wide system of policies and procedures that provide some assurance that the company is operating effectively, that the company is following all applicable laws, and that the company’s financial reporting process is sound. For large multinational corporations, the system of internal controls could involve dozens of […]
10 July 2015

Startups Need To Start Right

Cost reduction is often resorted to by most companies in times of economic downturn. Option resorted is the reduction of employees or scheduling employees. Because of this most employees affected will start doing their small business. Here ate Melbourne Accountant, we believe it is critical for businesses that they have […]
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