How company saves tax explained simply

How to save tax in business using a company   Most companies are now taxed at 25% from each $ of profit from 1/7/21   Whereas individual takes rates are higher than this from each dollar over $45000 So businesses can take advantage of the lower individual tax rates by paying themselves individual income from…

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what is new for tax 2021

Changes to tax returns 2021   ATO Warning – Copy & Pasting Claims ATO are setting their sights on work related expenses (such as motor vehicle, travel claims, laundry, uniform purchases and business trips). The expectation is that these deductions should reduce for taxpayers who were working from home during COVID 19. However, the ATO…

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Keep your Super safe!

The recent incident of fraudulent activities carried out by Melissa Caddick has raised the much-needed awareness for protecting your super. Melissa Caddick is accused of swindling clients, including friends and family, for millions of dollars through her finance business Maliver Pty Ltd. She allegedly stole $25-$40m in money from her investors to fund her lavish…

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Budget 2020 – Individuals

  As you must have already heard, the 2020 budget was all about “JOBS”. A great deal of emphasis was placed on creating new jobs and helping individuals who lost their jobs due to COVID get back into work sooner.   The main buzz in the industry before the budget was even released circled the…

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Tax & Accounting for Your Business!

  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…

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Small business Tax and BAS return Tool!

Use the templates below to assist in Tax and BAS returns!   business income and expenses by Romeo Caporaso pdf  PDF version print and write on it business income and expenses by Romeo Caporaso Xls version spreadsheet.   Break free with Tax Accounting Adelaide Services call us on 83374460 Sole trader, Partnership, Company and Trust…

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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…

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Systems that work for Business

Tips on having great little systems that work for your business Have you ever wondered why some of your simplest business systems are often the best. This month, our business networking group discussed ways of they use systems to help their businesses. Here are what some other businesses do that works for them: use job…

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Using Delegation to Grow Your Business

Here are some tips and knowledge on the topic of how to successfully delegate:. If you are a micro-business or a one-man band and you have no one to delegate to, you can still delegate to someone such as virtual personal assistant or find some of the most time-consuming tasks and pay someone to do…

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Tips on How to Use LinkedIn

It is a free platform to connect with the world professionals. Any business can use LinkedIn, it’s a excellent marketing tool for a broad range of industries. The quality of your connections is more important than the numbers, so try to link professionals that are influential to you and your industry. Personalise, customise and be…

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Ways to Measure Business or Financial Performance

This month, our business networking group discussed ways of how to measure business or financial performance. This was a great discussion and revealed many new benchmark ways business owners are using to monitor the performance of a business or financial lives. Look at your profits and numbers, do this at least monthly or quarterly. Remember…

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Why Holiday Is Important for Business Owner?

Romeo enjoyed Ayers Rock in Dec 2014. People always believe that successful business owners are those who hardly have time to take a break from the business. It’s not true actually, holiday is a necessity for happiness and general wellbeing, a great opportunity to spend some time with families friends and is vital for ongoing…

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Use Companies to Minimise Your Tax

Did you know there has been recent reductions to the company tax rates. Making it an important time for businesses to make sure they are reviewing their trading entity to minimise business tax. Why using companies to reduce your tax makes sense When a business is increasing in profit, it may pay for a review…

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Key factor to your business success

The key factor is to have a specific target market. The more you narrow down your search the more distinguishable you are. It will also be easier to market to the smaller target market especially online and make you  more memorable. You also can elevate prices when you are an authority for a specialized area.…

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