• 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 […]
  • smart-debt
    When Should You Use Debt?
    Source: NestEgg Despite record-low interest rates and changes to credit regulation making it easier for consumers to get a loan, a wealth educator has urged Australians to keep their debt low in order to build wealth. In a conversation with nestegg, Minnik Chartered Accountants director and wealth educator Leah Oliver […]
  • tax-avoidance
    ATO Data Reveals Tax Avoidance Red Flags
    Source: Accountants Daily The ATO has released its first annual report on Common Reporting Standard (CRS) statistics, which contains information on Australian financial accounts held by foreign tax residents as at 31 December 2018. Under the CRS, banks and other financial institutions pass on financial account information on non-residents to the […]
  • payroll-tax
    NSW Announces Payroll Tax Relief for New Jobs
    Source: Accountants Daily NSW Premier Gladys Berejiklian believes the Jobs Plus Program will create or support up to 25,000 jobs to 30 June 2022 by incentivising companies to relocate their head offices to NSW or expand their jobs footprint in the state. A key feature of the program will see […]
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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