• 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 […]
16 July 2018

‘Burying your head in the sand isn’t helpful’: ATO

A woman who failed to lodge 91 tax returns has received a 12-month suspended prison sentence, in what the tax office is calling a “message to the community”. Geraldton woman Judith Ahearn was handed a 12-month suspended prison sentence this week after failing to lodge income tax returns and Business […]
17 October 2017

Accounting Tips for Tradies

As a tradesperson you are busy getting jobs fixed. Paperwork and tax is a real hassle. You need practical help with your accounting and tax for tradies, a service that Nobel Thomas specialise in. You probably have never spoken to an accountant who understands your position where you need a […]
25 January 2016

An Introduction To Ecommerce

You may currently have an office or shop, which oversees all your business operations and the distribution of your products to customers. However if you are wanting to find ways to increase your sales quicker, reduce your business operating costs and increase profit margins for your business, an ecommerce website […]
24 August 2015

Your Melbourne Accountant Analyses Real World Events

In the financial statement of a company, the numbers are a reflection of events that occur in the real world. The indicators and financial ratios derived from them are better understood if you are able to see the realities underlying. Essentially, this information is quantitative. For instance, before your accountant […]
21 August 2015

Ask Your Melbourne Accountant About Early Retirement

Early retirement is what many workers dream of. They enviously look at police officers, airline pilots and military servicemen as well as other similarly employed individuals who accrue full benefits by the time retirement comes around the corner and are then free to live their lives on their own accord. […]
19 August 2015

Analysing Financial Statements—a Skill Your Melbourne Accountant Needs to Have

For Melbourne accountants that you hire from a small accounting firm Melbourne, knowing how to work a company’s numbers in the finance statements is a necessary skill. The meaningful analysis and interpretation of cash flow statements, income statements and balance sheets to know the qualities of a firm’s investments is […]
13 August 2015

Sort Through SMSF Risk with a Small Accounting Firm Melbourne

When it comes to SMSF you may be better off hiring a Melbourne accountant from a small accounting firm in Melbourne. This way you don’t have to do any guesswork or calculations and the work is done for you. You are saved time and money in the long run particularly […]
10 August 2015

Superannuation Help from A Melbourne Accountant

When it comes to SMSFs or self-managed superannuation funds, what saves the day is franking credits. This comes in an era where the share market generates subdued returns. The ability to cut taxes is always appreciated by investors. These are valued even more in the environment of super low taxes. […]
5 August 2015

Selling Your Franchise with a Melbourne Accountant

If you have owned a franchise for some years or even months now and find that it is not what you initially expected or actually want, it is possible to sell it. However, you must realize that selling back your franchised business to recoup your investment isn’t a walk in […]
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