• 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 […]
18 December 2018

Customer Financing: Key Points to Consider

Read on for considerations you should make when offering customer financing for a small business. What Is Customer Financing? Customer financing options let consumers acquire goods or services from a business up-front without paying for them in full at time of purchase. For example, if you’ve ever purchased a new […]
2 July 2018

Business Accounting & Divorce

A company is generally treated as a ‘legal person’ in Australian law.  Companies can become a ‘third party’ involved in a family law dispute and may require legal representation. However ‘control’ over an as set or an entity which holds or owns assets is a critical issue when the Family […]
5 June 2018

What to Expect (Financially) When You’re Expecting

No matter how many pregnancy and parenting books you read, nothing can truly prepare you for becoming a parent. But one thing you can do is get your finances in order. As part one of our two-part series on preparing for a new baby, here’s a guide to what to […]
8 January 2018

Accounting in the Age of Digital Currencies: Bitcoin & Blockchain – the New Disrupters

Source: PC World Australia From cowrie shells to cattle, coins to e-commerce, barter and exchange has transformed societies since the dawn of civilisation. Now, it’s happening again. Cryptocurrency, encrypted digital currencies like Bitcoin, and the disruptive blockchain technology that underpins it will fundamentally change how businesses operate – and present […]
29 June 2017

Importance of Financial Projections

t is important to prepare regular financial projections and cash flow forecasts as these provide useful information as to the expected financial position of your business. In most cases, banks and funding bodies will request financial projections when businesses are applying for finance. A cash flow projection shows how cash […]
28 March 2017

Why keep good business records

There are a number of reasons for keeping good records of your business transactions Legal requirement The most important reason for keeping good records is that it’s a legal requirement for you to do so. By law, the Tax Office requires you to keep business records: for five years after […]
6 March 2017

Top Accounting Tips For Business Owners

Accounting is and always will be a critical function of the savvy business owner, but accounting doesn’t have to be a nightmare or something to dread. It just takes a little perseverance and planning to ensure that your records are as accurate and complete as possible. You can make yourself […]
19 September 2016

The Role of Financial Statements in Managerial Decision Making

In today’s sometimes volatile economy, business managers are frequently asked to make process decisions that help the company’s capital work harder or to decrease overhead costs. Good managers have many tools at their disposal to accomplish these goals, provided they have a good understanding of the company’s financial position. Familiarity […]
Book Consultation