Business Tax, Accounting, Bookkeeping and Accounting Software
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…
Read More9 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…
Read More8 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…
Read MoreIntroduction to Xero
Our Introduction to Xero Find out why we recommend Xero to help your business Find out what it is and it’s features. A demonstration 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
Read MoreJobkeeper 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,…
Read MoreCash 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…
Read MoreNew 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…
Read MoreJobKeeper 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…
Read MoreLatest 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…
Read MoreWhat has happened early in tax season 2019
Early tax season 2019 update
Read MoreWhat 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…
Read MoreLikely 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…
Read MoreLearn more about Xero Accounting Software
Learn more about Xero’s accounting software system and its features with their official video learning channel, Xero TV.
Read MoreRegistering for GST
If you are thinking of starting a business, then you need to understand whether or not you need to be registered for GST. This is not to be confused with the need for an ABN Australian Business Number, which all businesses need regardless of their entity type. Who should register You must register for GST…
Read MoreHere’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…
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