adelaide tax agent | Tax Accounting Adelaide

How Much Tax Do I Need to Pay?

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 Businesses can benefit from lower individual tax rates by paying themselves an individual income from the company of…

How the Right Cloud-Based System Can Improve Your Accounting Experience

From Spreadsheets to Cloud-Based Solutions Before the arrival of cloud-based accounting software, accountants heavily relied on spreadsheets, which allowed them to quickly analyse data sets, compare records, and forecast future events. However, with the development of cloud technology, the way accountants work, the skills they need, and the roles they perform have evolved significantly to…

Stage Three tax cuts

Tax cuts 2024 Tax Cuts are meant to be here from 1/7/2023 Just to refresh, here’s a simplified version of what the brackets are now: Earn up to $18,200 – pay no tax Earn $18,201 to $45,000 – pay a 19 per cent tax rate Earn $45,001 to $120,000 – pay a 32.5 per cent…

how to better claim common tax deductions

how to better claim common tax deductions This tax season is going great so far. The ATO are seemingly quiet and are processing some tax returns as quickly as 5 days. Some areas to prepare your deductions before your tax return appointment are: Doing a diary of working from home hours and…

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…

Keep your Super safe!

The recent incident of fraudulent activities carried out by unfaithful financial advisors has raised the much-needed awareness for protecting your super. These advisors have swindled clients, including friends and family, for millions of dollars through their dodgy schemes. These unethical behaviours have raised serious concerns about safeguarding your super savings. Here are a few…

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…

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…

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…

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…

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…

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…

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…

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…

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…