• insurance policy
    Am I Taxed on An Insurance Payout?
    Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and […]
  • changes-ahead
    What Changes on 1 July 2021?
    Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that everyone […]
  • Superannuation
    Super Guarantee Rate Rising 1 July
    On 1 July 2021, the super guarantee rate will rise from 9.5% to 10%. If you have employees, you will need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate. If you need help to work out how much super you need to […]
  • skilled migration
    Is It Time for Australia to Rethink Skilled Migration?
    Source: NestEgg When borders reopen, Australia has a chance to reshape its migrant policy, with an opportunity to target younger, more skilled workers, a think tank has revealed. Australia is not attracting the right migrants, instead it should focus on simplifying the process, taking in younger skilled workers, and paying them […]
  • Fringe Benefit Tax
    FBT Exemption, LMITO Tax Bill Introduced Into Parliament
    Source: Accountants Daily Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 was introduced to the House of Representatives on Wednesday and contains two tax measures included in the Morrison government’s 2021–22 federal budget.  The first of them is the government’s FBT exemption, which will provide employers with a way […]
  • cryptocurrency
    ATO Sheds Light on Crypto Compliance Focus
    Source: Accoutants Daily Speaking at a tax-time tips seminar on Thursday, ATO assistant commissioner Adam O’Grady warned tax agents and taxpayers that his office will be closely watching all capital events related to cryptocurrency come tax time.  “It is really important for all capital assets; we will be looking to […]
20 March 2017

When should you move from being a sole trader to a company?

Broadly speaking, a company tends to be the best structure for a business to operate within, but it’s important that the switch from sole trader to company is made at the right time and for the right reasons. Here are some of the common reasons for making the switch. 1. Tax purposes People […]
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 […]
7 February 2017

Is Your Fear Of Failure Holding Your Team Back?

We all know that fear of failure can limit us. But did you know that when managers experience fear of failure and let it dictate their professional actions, it can have a negative impact on their teams? Playing it safe can carry significant risks The problem is that when someone […]
26 October 2016

What To Do When The Bank Says No

At the end of a long-winded application for a bank loan, it can be hugely disheartening to be turned down. In fact, studies have repeatedly shown that when a business owner gets a ‘no’ from their bank, the most likely outcome is they’ll give up entirely. The next-most-likely outcomes are […]
4 January 2016

Improving Your Business Accounting Process

Managing the accounting for your small business effectively can be a challenge for even the most seasoned entrepreneur. When you wear many hats in your business, it’s hard to keep things straight and maintain clarity across your accounting processes. So, what can you do in 2016 to make your small […]
26 January 2015

Top Melbourne Accountant Tips For SMB’s This 2015

Melbourne Accountant offers extensive experience helping businesses through accounting and finance struggles. Whether you are facing the most critical financial picture or struggling with a limited budget, here are some important tips for small business owners from seasoned Melbourne accountants: Budget The best way to run your small business is […]
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