• 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 […]
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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