• 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 […]
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 […]
15 January 2014

Your Melbourne Accountant’s Role In Securing Your Company’s Future

Secure Your Financial Future With Your Melbourne Accountant It’s no secret that whatever the size and industry your business is operating in, a seasoned Melbourne accountant can become a formidable ally. A lot of business owners seem to think that hiring a Melbourne accountant is only required when for tax […]
9 January 2014

Gain Profit From Your Balance Sheet Part 2

In the previous article Gain Profit from Your Balance Sheet Part 1, you have been given valuable tips on what key areas of the balance sheet you should go over with your Melbourne accountant or your Melbourne accounting firm. Below is the continuation of the said article. Inventory Turnover Another […]
8 January 2014

Gain Profit From Your Balance Sheet Part 1

Working With Your Melbourne Accountant To Gain Insight So your Melbourne accountant has furnished you with monthly financial reports. The problem is, you can’t make sense of it. Your balance sheet for one is a goldmine of information, that is, if you know how to use them. This is why […]
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