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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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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Contractor or an Employee?

  The criteria ATO consider whether you are an employee or contractor are:         Break free with Tax Accounting Adelaide Services call us on 83374460 Sole trader, Partnership, Company and Trust Tax and BAS returns; Self Managed Super Funds; Bookkeeping and Choosing Accounting Software; New business Startups Advise; Specialising in personal training…

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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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Plan using your time

Plan using your time   Sometimes using time effectively can be a really overwhelming process. Balancing effectiveness with using your time is critical to the business owner. Here are some ways to maximize the ways you are using your time effectively.   Minimize wasting time by travelling too much. Even if you have to travel…

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Top 3 big Business owners fears and how to mitigate

We asked business owners their top fears and heard the ways to minimise that risk.   Getting too much work and not coping with it. While it sounds like a nice problem to have, but how do you handle it? If you are fully booked out or can’t meet your purchases, it is time to…

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What to review in your marketing for quick results

What to fix first in your marketing review?   If you want to improve your marketing and not sure where to start, here are some juicer places to start: Review your forms and brochures. Ask yourself if they are being used enough and well? Are they easy to use for staff and clients? Are they…

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Life success tips

Tips for getting more success   Here are some sure-fire ways to improve your success in any aspect of your life. Work on yourself, take steps to improve and commit to great results. Define what you want as a success. Fix your weaknesses. Set goals in your own words. Have a mission statement. Have a…

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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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Grow Your Business With Budgeting

Tax Accounting Adelaide has recently seen that the power of Budgeting and how it can drive the business towards its goals. So taking your sales goal of say 300k, you need to break this down by months. Budgeting is very easy via Xero. Our firm endorsed Xero and one of the reasons is how the…

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A simple lesson if new to employing staff

A simple lesson if new to employing staff Many of you may be thinking about employing staff and not sure what it entails. There are many good things to make staff work well. Here are some of the main aspects of your payroll and accounting.   To start with you need to choose and engage…

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Introduction to Xero

Xero Accountant Adelaide

Our Introduction to Xero Find out why we recommend Xero to help your business Find out what it is and its features. A demostration 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    

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Balancing business growth with staff quality

Balancing business growth and keeping work quality with staff A growing business may feel that as the business grows with it comes challenges in keeping staff output as high. The quandary is a good sole operator eventually hits the ceiling in output, but done poorly growth with staff can lead to poorer business work quality.…

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