Articles, Updates and Information to help you

Why you need an accountant

Why you need an accountant Why do I need an accountant? You may be asking. Perhaps you have never used one and do your own or have not seen fully what they can do to be worth more than their investment cost. Here are some reasons why a professional tax agent may be able to…

The way you get your Payment Summary information is changing!

The Changes to Your Payment Summary Information.     As you know, you may now no longer get a payment summary from your workplaces. We will be able to see your payment summaries as soon as they are lodged with the ATO by your employers. Sometimes in early July, they are not yet available.  …

What’s New for TAX 2020!

What’s New for TAX 2020!   LMITO Tax Offset of $1080. Base amount = $255 and Maximum Amount =$1080   The way you get your Payment Summary information is changing If your employer has started using Single Touch Payroll (STP), your payment summary information is now called an ‘Income Statement‘ in myGov. You will be…

Bookkeeping! What to do in the new financial year?

What to do at the start of the new financial year? Here is a simple checklist to make sure you start your new financial year well and with good bookkeeping. Happy new financial year from Tax Accounting Adelaide. For help with your new financial new year call for an appointment on 08 83374460 or book…

Hubbing – Let’s connect together on social media and create our own networks!

Let’s connect together on social media and create our own networks. More than ever, we need to leverage our networks. As you’d no doubt be aware, there is more activity online than ever so we need to be smart about how we operate and help each other where we can.   Join me What I’m proposing…

How Tax Accounting Adelaide can assist YOU!

Our services include:     Tax Returns Individual, Business, Self-Managed Super Fund   Advice Capital Gains, Property, Starting a new business or buying a business, Working overseas, SA land tax, and many more!   Accounting New Software Implementation, Performance Reporting and Meetings, Bookkeeping, BAS returns.   Business Improvement Services Coaching, Small business marketing, Business check…

The 4 must haves for Restaurant businesses

The 4 must haves for Restaurant businesses   We have many clients that are in the café, restaurants and hospitality business!   Our 4 must haves! Good food and kitchen Good front of restaurant (premises, booking systems, great staff!) Good marketing Good admin Also make accounting simple and easy for you Never fly blind and…

9 Tax tips for Medical Practitioners

9 Tax tips for Medical Practitioners   We have many clients that are in the medical industry or practitioners. Our top tax tip for Medical Practitioners are: Always pay your PAYG Instalments. Right accounting entity Make accoutning simpel and easy for you Maximise your claims Claim back gst Get tax planning advice if receiving large…

8 Tax tips for trades businesses

8 Tax tips for trades businesses   We have many clients that are in the tradies such as electricians, plumbers, renderers, carpenters, builders, painters, steel fixers, plasterers and more Our top tax tip for trades businesses are: Know your scoreboard Right accounting entity Make accounting simple and easy for you Maximise your claims Know what…

Introduction to Xero

Our Introduction to Xero Find out why we recommend Xero to help your business Find out what it is and its features. A demostration of a handy tip – getting Xero support We explain how much Xero costs. Meet us to discuss how we can help you and your trades business here    

Jobkeeper Payment Scheme explained simply

JobKeeper Scheme Explained Simply   If you are a business who has been impacted by COVID-19 and you are uncertain about the government support available to you, you are not alone. Watch our video for a brief simple explanation of the JobKeeper Scheme payments including help with employee wages, business impacted by closure, eligible businesses,…

COVID19 South Australian $10k cash grants

South Australian $10k cash grants for small businesses impacted by COVID-19, explained simply Applications for the grant will open shortly and be available until 1 June 2020.   Applications for the grant will open shortly and be available until 1 June 20 *To be eligible for the one-off $10,000 emergency cash grants, a business must:…

Cash flow boost payments

Cash flow boost payments – Explained Simply    Employers with aggregated annual turnover under $50 million Cash flow boost payments ‘Boosting Cash Flow for Employers’ payments of up to $100,000 (with a minimum total payment of $20,000) will be provided to eligible SMEs and NFPs that employ workers. The payments will be made in…

New COVID19 working from home office claim

New working from home shortcut The ATO has announced a new arrangement to make it easier to claim deductions for working from home. Taxpayers can now claim 80 cents per hour working from home. This can apply to more than one person in a household. So 80 cents per hour of each person in the…

COVID19 procedures

Visitor Screening Questionnaire We are still open however… In an effort to protect everyone from illness, Tax Accounting Adelaide is taking measures to prevent the spread of exposure COVID-19 in our office. Thank you for your patience and understanding. Are you any of these…   I have recently traveled to a country where COVID19 (coronavirus)…

JobKeeper Update

Important Update About JobKeeper Scheme   Details of the Federal Government’s Third Tranche Economic Stimulus Package.   The scheme provides $130 billion wage subsidy for approximately 6 million employees. It is intended to assist with businesses to retain their staff and restart when the crisis is over.   Amount of subsidy Under the scheme, businesses…

Latest Government assistance for Corona Virus

It is a scary and anxious time for business and employees alike. Here is the latest information to support small business with government stimulus… These have still not been legislated and we will advise when that occurs and provide you with specific actions to take at that time.   Both the most recent and prior…

Client Referral Incentives

We are looking for referrals from our clients and are looking for genuine referral partners We really need your help? Can I show you how to refer to us and the incentives we offer? Yes we pay you, for referrals. Our short video explaining the client incentives we offer you to refer us clients like…

How to keep develop a business plan

How to develop a business plan that you actually use Have you ever produced a business plan, got really excited about it, and then left it on the shelf to gather dust?   Unfortunately, this is all too familiar for businesses, large and small, so you’re not alone.   Here are some quick tips to…

Plan using your time

Plan using your time Sometimes using time effectively can be a really overwhelming process. Balancing effectiveness with using your time is critical to the business owner. Here are some ways to maximize the ways you are using your time effectively.   Minimize wasting time by traveling too much. Even if you have to travel a…

Building Momentum In Your Business

Building Momentum In Your Business   Typically, a business can start out with many mistakes. It is a critical time, where important steps can make or break the long-term success of the business. Gaining momentum is crucial in the early phases and in plateauing areas of the business.   Be clear on where you are going…

What to do with your Business Cards

What to do with your Business Cards you collate in business networking Have you ever ended up with a pot of business cards? And you mean to do something great with them like generating more business or engaging in a referral program, but what really happens is nothing.   Here’s some tips on how to…

Comparing being an employee to a business owner

Comparing being an employee to a business owner Whether you are an employee or business owner, you have probably wondered if the grass is greener on the other side.  Here are some key points highlighting the good and the bad of being both. Employee Advantages of being an employee paid sick leave and holidays fixed…

How to get more sales from your website

How to get more sales from your website Do you have a website that really sells? If not here are some tips to make your website work better. Have your website traffic analysed, as to where visitors are tracking to. See where most interest is going and where they are abandoning. Are they clicking on…

Top 3 big Business owners fears and how to mitigate

We asked business owners their top fears and heard the ways to minimise that risk. Getting too much work and not coping with it. While it sounds like the nice problem to have, how do you handle it. If you are fully book out or can’t meet your purchases it is time to consider raising…

Balancing business growth with staff quality

Balancing business growth and keeping work quality with staff A growing business may feel that as the business grows with it comes challenges in keeping staff output as high. The quandary is a good sole operator eventually hits the ceiling in output, but done poorly growth with staff can lead to poorer business work quality.…

How to have successful meetings with potential referral partners

How to have successful meetings with potential referral partners How to have successful meetings with potential referral partners Perhaps you have identified you want to get more effective with your meetings with potential referral partners. Here are some tips to fine tune your effectiveness in extracting more from referral partners in terms of how you…

What is new for tax 2019

Changes to tax returns 2019 So what is new for tax returns 2019? Well it isn’t the most huge changing year in terms of individual tax returns. Some tax rates changes have occurred including a lower Help (hecs)repayment threshold, lower income tax rates. You can now have a higher excess of $750 for singles and…

Your body is vital to your business!

ways to look after yourself when in business It may be easy to forget about looking after your health in this busy modern world, but we need our healthy body to do everything. So it makes sense to look after it, as it is a conduit to all our successes in life. Here are some…

Life success tips

Tips to getting more success Here are some sure fire ways to improve your success in any aspect of your life. Work on yourself, take steps to improve and commit to great results Define what you want as success. Fix your weaknesses Set goals in your own words Have a mission statement Have a life…

What to review in your marketing for quick results

What to fix first in your marketing review If you want to improve your marketing and not sure whee to start, here are some juicer places to start: Review your forms and brochures. Ask yourself if they are being used enough and well? Are they easy to use for staff and clients? Are they easy…

Top business advice

What business owners say is their best advice When we asked business owners their greatest lessons learned or best business advice they said:   Stick to running one business in the early days Get your price right, not too low and not too high Make the hard decisions early Surround yourself with the right people,…

Tips to improve your attitude to money

Let’s talk about attitude to money If you are interested in improving your attitude to money, here are some tips from a room full of professionals and business people. Purpose. Find a purpose in life and the money will come. Be around it. Be around people who do well financially, their energy will help you.…

Likely upcoming Budget changes May 2019

With the upcoming federal election and recent banking royal commission, it is certainly a time of rapid changes. This upcoming federal budget in 2019 in May, may just be another significant and vast changing one on the tax front. Some possible changes may be: removal of negative gearing to property except newly built ones. Or…

We Have All Your Business Tax Accounting Covered!

Running a business can be time consuming and if you are like most business owners, you want to spend your time improving sales and looking at the big picture. Your relationship with your accountant should provide you with clarity and satisfaction that you are structured in a way that best suits your circumstances and sheds…