• investment-advise
    Where Should You Invest When Interest Rates Are So Low?
    Source: NestEgg With the cash rate close to zero, this will have big implications for how you should invest your money to generate the best return. So, what are the options and which asset classes will best enable you to build wealth? Cash  Australians have put $100 billion in the […]
  • tax cuts
    How Australians are Taking Advantage of Income Tax Cuts
    Source: Accountants Daily Colonial First State (CFS) has surveyed 2,000 Australians to determine their tax-saving intentions following changes to personal income tax announced in the budget on 6 October. As part of the measures to personal income tax, Treasurer Josh Frydenberg declared tax cuts worth nearly $30 billion would be made […]
  • Stock market investment trading financial, coin and Australia flag or Forex for analyze profit finance business trend data background.
    ATO Extends JobKeeper Deadlines Ahead of Christmas, New Year
    Source: Accountants Daily Completion of the December business monthly declaration, for employers to be reimbursed for payments between 23 November 2020 and 3 January 2021, has also been extended from the usual 14th of each month to 28 January 2021. To account for the New Year weekend, the Tax Office will also […]
  • 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 […]
29 January 2019

Top Frauds to Look Our For

The impact fraud can have on an organisation can be monumental. Not only can it have a significant financial impact, but, depending on the type and severity, it can also destroy an organisation. This is why it is important to work with a trusted Melbourne accountant to help you have […]
16 August 2017

SMSF Setup Service

Nobel Thomas can set-up a complying self managed superfund (DIY fund) for you. Our Trust Deeds are drafted to provide maximum flexibility, while complying with all prevailing superannuation laws. Using our set-up service will ensure that your new self managed superfund is up and running as soon as possible without […]
14 September 2015

Intercompany Reconciliations

Normal business relationships among a parent and subsidiaries cause intercompany transactions that need to be recognised in the separate financial statements of these entities. When the time comes for periodic reporting, the parties engage in reconciling their accounts. In this article we will review the reasons why intercompany reconciliations are […]
20 July 2015

Some Great Reasons You Need a Melbourne Accountant

Have you been wondering whether you should go ahead and get a Melbourne accountant or not? There are a few reasons it is a good idea to get yourself an accountant. For one thing, you get to free up tons of time and energy by having accounting tasks done by […]
15 January 2015

Commonly Overlooked Tax Deductions

Whether you choose not to hire a bookkeeper or contract the services of a Melbourne accountant, then chances are, you will probably commit one of the common mistakes businesses make when it comes to filing taxes. Like everyone else, it is always our desire to pay lesser taxes and keep […]
3 November 2014

Preparing the Income Statement

Since your income statement shows a net profit, you should be certain that anyone reading the statements would come away with a favourable impression. You now understand that the outsider is not looking at the income statement for this period alone. He usually compares your current year’s income with the […]
20 August 2014

How to Prepare Financial Statements To Establish Correlation & Trust & for Future Plans

Financial statements can be an important part of your business operations. As a business owner you can know where you stand currently in respect of assets, liabilities, income and cash flow, as well as how well your business has done during the recently completed fiscal year. The financial statements also […]
11 August 2014

How to Prepare Financial Statements

  All companies should maintain and keep their financial records to ensure they understand how they are doing. There are some types of companies that need to create and maintain these records for the purposes of preparing and lodging financial reports to fulfill statutory obligations. Generally, the companies that are […]
27 November 2013

Apps To Complement Your Quickbooks

Most chartered accountants Australia work with either Xero or Quickbooks. For entrepreneurs who want to keep tabs of their finances, did you know there are apps you can download through Intuit App Center? In fact, there are more than 50 apps you can download to help make Melbourne accounting easier […]
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