business accountant | Tax Accounting Adelaide

How Much Tax Do I Need to Pay?

How to save tax in business using a company From the 2023–2024 financial year, most small businesses in Australia are taxed at a reduced rate of 25%, while larger companies pay 30%. Whereas individual takes rates are higher than this from each dollar over $45000 The above rates do not include the Medicare Levy…

8 Tax tips for trades businesses

Essential Tips for Trades Businesses We have many clients that are in the trades such as electricians, plumbers, renderers, carpenters, builders, painters, steel fixers, plasterers and more Our top tax tips for trade businesses are: Running a trade business comes with unique challenges, and managing taxes efficiently is one of them. Here are eight essential…

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…

Budget 2020 summary

Our Budget 2020 announcement summary The Budget was “all about jobs” (including creating new jobs and getting the unemployed back into work again) and getting the economy moving again. Some great news – tax cuts to individual tax rates. Bring forward of the second stage of the personal tax cuts by 2 years to 1…

How Tax Accounting Adelaide can assist YOU!

Our services 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 checkups Call us on 08…

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…

Tips to improve your Cash Flow

I often have new business clients who are not sure what to do when cash flow is tight. So I have put together some ideas to help out. Increase sales Always seek additional sales by mentioning and inviting all people you meet through your life to your services or products. It is free but…

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…

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…

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…

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…

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…

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. From 1 July 2024, the concessional contributions cap is $30,000. From 1 July 2021 to 30 June 2024, the concessional contributions cap…

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…