• 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 2018

Starting A Business

So, you’re starting a business… Whether you’ve been plotting it for years or just recently decided to go for it, starting your own business is a big leap. Now that you’re taking the first steps, pause for a moment to consider some often-overlooked factors that will set you up for […]
21 November 2016

Starting A Business

Small business owners are in a unique financial position, especially when they start planning for the future. Many won’t have the same range of financial assets that employees develop over their career, and plenty will be relying on the business to provide for them and their families when they step […]
19 November 2015

7 Tips in Growing Your Business

Unless you are quite happy just ticking over, it is likely that you will be looking for ways to develop and grow your business. These 7 steps can set you off in the right direction Review Your Business Plan Regular assessment of your business plan enables you to measure your […]
30 March 2015

Starting A Business

Why Start-ups Need To Hire A Melbourne Accountant? It’s no secret that most start-up businesses work with limited resources, which is sometimes the reason why entrepreneurs forego the need to hire a Melbourne accountant or a small accounting firm in Melbourne. While the DIY approach may save you money, getting […]
2 May 2014

HOW TO START A BUSINESS IN AUSTRALIA

One can find a number of sources that can help with the formal requirements of starting a business. These sources can be online or offline information resources that try to ensure that one do it in a proper way. But these resources tend to be either over complicated, too long […]
23 September 2013

Guide To Choosing The Right Business Structure

Get A Melbourne Accountant To Help You With Business Structuring  A lot of business owners often assume they only need to consult a Melbourne accountant when their business is already thriving and when it’s time to pay their tax dues. However, seeking the expert advice of a Melbourne accountant is […]
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