• 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 […]
30 July 2014

Top #3 Accounting Mistakes That Could Put Your Business At Risk

Another major mistake which is actually quite common especially among small businesses and entrepreneurs is the failure to properly record cash expenses. This can present a serious concern especially when it’s time for your Melbourne accountant to prepare your income statement. It is critically important for businesses to keep track […]
16 July 2014

Top #2 Accounting Mistakes That Could Put Your Business At Risk

Another very common accounting mistakes people make is failing to keep their receipts, which can give your Melbourne accountant some serious headaches. Failing to keep your receipts can result to a series of cash flow, tax and accounting problems. Take time to jog your memory. How many times have you […]
14 July 2014

Top #1 Accounting Mistakes That Could Put Your Business At Risk

Accounting mistakes does not only expose your business to penalties and audits, it can also impede the growth of your company and even put it on a shaky ground. This is why it’s a practical decision to hire a competent Melbourne accountant instead of trying to figure things out, especially […]
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