Articles, Updates and Information to help you

Here’s What To Do With A Late Tax Return

Are you late in lodging your tax return? Here’s some information you should know and the steps to take if you are in this situation. The Australian Taxation Office (ATO) may or may not initially detect you. Whether they do or don’t, we suggest you take urgent action to get your taxes back up to date…

Get Your Finances Back On Track With A Qualified Accountant!

A qualified accountant, such as one from Tax Accounting Adelaide can help you get your finances back on track. If you’ve ever struggled with keeping up to date with your income and expenses, been swamped with a messy pile of receipts and invoices that only gets sorted at tax time each year, Tax Accounting Adelaide…

Take the Stress Out Of Tax Returns With Tax Accounting Adelaide!

Do you want to reduce the stress and increase the return in your Tax Return? Read on to find out how you can benefit from choosing Tax Accounting Adelaide as your tax agent. · A face to face service with tax agent Tax Accounting Adelaide is most likely to prompt and uncover the most deductions…

How A Registered Tax Agent Can Help You This Financial Year

You may believe your tax agent’s sole purpose is helping you with your tax return at the end of the financial year, however this is only part of the services they usually offer. In most cases and depending on your circumstances, they are able to offer valued support in other ways. Here are some of…

New rules for property investors 2018

With the uncertainty spotlight on the Australian federal government budget o reduce the ability of rental property owners to claim tax deductions for rental ownership expenses, we outline some of the changes the government is introducing to reduce this powerful tool for tax minimisation and wealth creation. The abolition of claiming a travel expense to…

7 Ways to refer to us

7 ways to refer to us We are looking for genuine referral partners Can you help? Well I am giving you a video explaining 7 ways to refer to me. We love to work with the following situations… 1 -New business Starts and advice If you meet a new business owner give them this Tip…

Your Guide To Choosing The Right Accountant

Choosing the right accountant for your personal and professional needs may seem daunting but it’s a necessary step for you to maximise your current financial position and proactively plan for your future. The right accountant can do a lot more for you besides preparing your annual tax return. This important relationship should benefit you financially,…

What Happens If You Lodge Your Tax Return Late?

Sometimes life throws things in our path that get in the way of important deadlines like our tax returns and we find ourselves on the other side of the due date. Sometimes we deliberately don’t want to submit our tax returns for fear of the tax debt. Whatever the reason for getting behind, penalties can…

Ways You Didn’t Know Your Tax Accountant Could Help You

You may think your accountant’s only purpose is doing your tax return at the end of the financial year however this is only a fraction of the service they can provide for you. Depending on your personal and professional circumstances, they can offer valuable support in numerous other ways. Let’s look at some of the…

The Benefits Of Seeing A Professional Tax Agent

There are many ways that a tax agent can provide a positive financial benefit to you. A good tax agent will have useful tips and strategies that can improve your overall financial position, both personally and professionally. By using a tax agent instead of doing your tax return yourself, you can take advantage of their…

Get More From Your Tax Return This Financial Year With A Professional Tax Agent!

Professional tax agents are in the business of managing tax affairs for individuals and businesses. They love to save you money and reduce tax. They can assist from many financial angles and want you to become more profitable and wealthy. You can benefit from their specialised skillset, wisdom and experience. Here are a few ways…

Claiming superannuation deductions now for employees from 2018 tax year

Claiming superannuation deductions now for employees from 2018 tax year Until the 2017 tax return only self employed could claim extra superannuation contributions and this had to be effectively done through salary sacrificing to super. However, from 2018 tax returns employees can also claim super contributions. This can be a great tool to reduce your…

Late Completing Your Tax Return? Don’t Stress We Can Help!

Hassle-free Late Tax Returns lodged No problem Tired of the stress of knowing your tax returns are way overdue… Have you been too afraid to take on your overdue tax returns? You are not the only one. We have many clients who have been in this situation. Are you worrying about all the ATO penalties…

Five common questions you should be asking your Accountant

A great person to ask what you should be asking your accountant is an accountant. So I have prepared five great questions to ask accountant.   What can I claim? Of course your accountant should be asked to explain the deductions that are available to your circumstances and occupation or business. These may be available…

What to look for in a tax agent?

An accountant can do your tax return each year provided they are a registered tax agent. When registered this implies that they have qualifications, are a member of a professional society with ethical and professional standards and have the relevant insurances to perform this role. You can check their registration at the online tax and…

How can a professional tax accountant help me?

There are many great assists that a good tax accountant can give you, here are some of these: Your accountant should be familiar with your worker industry, they can not only help you with this year’s tax deductions but educate you on what your occupational colleagues are claiming or what you can do even better…

When to lodge your tax return by – with your tax agent

When do you have to do tax return by Today we are explaining when you have to do your tax return by when you have a tax agent. If you have already done your tax return for this year you can listen to this for next year in case you ever need to lodge later…

What does a beautiful financial future looks like

What a beautiful financial future looks like what this accountant thinks anyway… Have a good income Whether you are in business or working having an income is great Find what you love to do Set your own big bold income goal of …. Become investing Its not what you earn but what you save Make…

Hospital cover – to have or not to have?

One question i get asked alot this year is should I keep my Hospital Cover? To have or not to have hospital cover insurance   I wish I had a penny for every time a client asks me about whether or not to have hospital cover insurance. I find the tax ramifications in this regard…

the systematic way to create a million dollars

Easy way to create a million dollars It is ok to try to win the lottery, but here is a surer way to create a million dollars. Warning – It may take some time and you need to invest. So here is how to make the million dollars so that you wont have to fill…

Last minute tax reducing and wealth smart ideas

Last minute tax reducing and wealth smart ideas Super contributions are tax deductable So from 1/7/18 you can get a tax deduction for investing in your Superannuation known as Super contribution, even if you are an employee. Make sure your old salary sacrificing arrangements have reduced the Super contribution to 25k not 30k or $35k…

Budget 2018

Budget 2018 Announcements Personal tax rates – staged 7-year reform plan starting from 2018-19 Tax rates and thresholds Rate 2018-19 to 2021-22 2022-23 and 2023-24 2024-25 onwards 0% $0 – $18,200 $0 – $18,200 $0 – $18,200 19% $18,201 – 37,000 $18,201 – 41,000 $18,201 – $41,000 32.5% $37,001 – 90,000 $41,001 – 120,000 $41,001…

New business trends to drive your success

here are some tips on what is emerging as new trends to improve your business success. Artificial intelligence is becoming more common and cost effective. Can it assist you in your business? Use Video marketing. It improves your sales conversion and explains or differentiates you. Targeted specific information online is critical. People are looking for…

New business top 8 things not to do

Are you starting business? Here are my top eight things not to do: Do a business you are passionate about … not one you just want to make money from. Get it flying and start, don’t wait. Do not wait until everything is perfect to start and don’t procrastinate a start too. Don’t try to…

Fast ways to improve your business profits

Is not enough profit or cashflow a challenge for you a the moment? here are some tips on what to review to improve your business profits. Use budgeting to drive you to income and expenditure which challenges your business to grow. Use target marketing. Many business vastly improve when they precisely define their target markets…

Planning for if something should happen

Some of the basic steps in planning for in case something happens to me Have a will… Here is an online will service Online will Review personal insurances such as life insurance, income protection insurance, health insurances. Create a document summarising your financial affairs bank accounts, investments, what to cancel subscriptions, social media passwords, who…

How to stay motivated

Is staying motivated a challenge for you a the moment? here are some tips. Good luck on effectively motivating yourself in business. Helping you effectively stay motivated in business is part of the service at Tax Accounting Adelaide. Break free with Tax Accounting Adelaide Services call us on 83374460 Sole trader, Partnership, Company and Trust…

Our biggest weapons that grow business

Times may be hard in business. Well are they. We feel if you work hard and smart your business can still flourish. Here are some of the best ways to ensure your business thrives in any economy: ensure you have a website that works have marketing targeted at specific target markets get signage that works…

How you can change your financial situation?

Use these tips to improve your finances Do you want to achieve more? Time to take some action and here is how to set some goals to improve. want to achieve more financially? spend more time on it, learn more and improve your attitude write goals – what do you want to achieve in your…

What makes a good leader in business

Leadership in your business   In this post we are going to look at what makes a good leader, what makes a bad leader and what different leadership styles there are in business. Here are some ideas on how some business owners approach leadership and examples of leadership tips. A good leader is influencing not…

guiding you to effectively delegating

guiding you to effectively delegating Delegating can be a huge help to the time poor business owner but it can often be harder to execute that it sounds.  Here are some business owners expert tips on how to effectively delegate. Before delegating you must train staff and actually do tasks with them until they become…

common mistakes in accounting

10 common management mistakes in accounting for businesses 1.     ” a good business owner does not run a business blindly with out knowing your accounting scoreboard”   For those of you that know our firm, you would most likely have heard us stress the huge importance of a business  having accurate and timely information to…

communicating successfully in business

Revealed the best ways for communicating successfully in business Our business reveals the best ways for communicating successfully  in business. Good communication is a quiet achiever in a good business. We look at ways to boost your communication to help your business. Firstly be strategic in your activity and pay careful attention to the amount…

The toughest challenges in business

Revealed the toughest challenges in business We reveal what we think are the toughest challenges in business. Getting ,keeping and training good staff having a website that converts getting referrals and referral partners learning to delegate effectively managing your time effectively evolving what you want to specialise in and effectively having the right target markets…

Getting Facebook reviews

Getting Facebook reviews So if you have a Facebook page for your business then it wouldn’t it be helpful to have positive reviews on your Facebook page? Of course yes it would. Many businesses do not dedicate the time or effort to getting facebook reviews which can stand them out from competition if they do…

How videos can automate your website

How a simple you tube video has been a star on our website. The following is a simple video we have on website. It is one of the first videos we ever did, and probably not our best, yet it has been very popular with over 18,000 views. In it I explained how tax returns…

Sales growth tips

How to grow your sales   Here are some tips from our business networking discussion on the topic of what to do to grow sales. Have a marketing plan and plan your marketing strategy. Funnel people towards your web presence, e-mail,  appointment, phone and sales conversions. Attack the different ways of attracting new clients such…

Using Technology as an Ally in Business

Good businesses use technology well. I guess we would have all seen a few changes lately with things like the internet, social media or even our smart phones massively changing our lives. With more technology we are seeing more comfort in our fast paced lives whether we are driving, watching television or running our businesses.…

Self Managed Super Funds Explained simply

Are you wondering what is a Self-managed Super Fund (SMSF) and how it works? What is a SMSF? A SMSF is a trust set up to create wealth for your retirement.  It can pool family member funds for a variety of investments such as shares, properties (such as your business premises), private loans to non…

Superannuation Update 2017

Find out How the superannuation Changes affect you Are you unsure how the new changes will affect you. Find out what options you have to best use the changes for your best tax minimisation and wealth creation now. So you can get guidance to a bigger tax refund and smarter retirement. See us at soon…

Rental Property Tax Deductions Revealed

Find out all your tax deductions on your rental property Are you new to owning a rental property and need to know all your tax deductions Find out what options you have to maximise your rental property tax deductions and everything else you need to know now. So you can get a bigger tax refund…

Hate your huge land tax bill?

Can anything be done about my land tax bill? Find out what options you have to reduce your land tax and what full tax consequences are now. So you can stop paying huge land tax year after year. Or see us before your next property purchase to avoid paying too much land tax. Some simple…

Setting your goals for the new year

Setting your new goals for a fantastic new year. Surprisingly Many business owners do not review the success of their year or even set goals to succeed in the new year. Do not let this be you and it is nt too late to not only set some goals for a fabulous year, but have…

Good businesses exploit their strengths

Revealed – Exploit using your strengths Many business owners know that some things work really well for their business. At our recent business networking event we discussed the topic of how to exploit your strengths in your business: Listen to what people say about you. Ask them how they found you? Why they came back?…