DJ Grigg - Blog Post E-Invoicing the Benefits

The Benefits of E-Invoicing: Why Make the Transition?

As a small business owner, you may hesitate to embrace digital accounting software like e-invoicing. The idea of new costs, staff training, and potential security risks can be overwhelming. However, your accountant or bookkeeper is uniquely positioned to guide you through this transition, so let us now highlight some benefits of e-Invoicing that will make […]

DJ Grigg - Blog Post actual cost method

Working From Home: The Actual Cost Method

The Actual Cost Method is one of the two methods available to taxpayers to claim their work from home expenses. According to the ATO, under this method, you can claim the actual expenses you incurred for items like phone, internet, and electricity while working from home. You must keep records to show you incur expenses […]

DJ Grigg - Blog Post Property Investors

Tax Tips 2023: Property Investors

Property investors, now is the time to gather your records and review your expenses for the 2023 financial year. Income to Declare All income earned from each property must be declared. If you have multiple properties, keep the records for each property separate to make the tax return more efficient. You will need statements or […]

DJ Grigg - Blog Post Property Investors

ATO’s Crackdown on Property Investors

The ATO has announced the commencement of a data-matching program for property investors. This is in order to acquire residential investment property loan data from authorised financial institutions. Sample audits conducted under the ATO random enquiry program, indicated a net tax gap of $9 billion for the 2019–20 income year. This was attributable to incorrect […]

DJ Grigg - Blog Post Trust tax tips

Tax Tips 2023: Trusts

Whether you have a trust set up for investment or business purposes, there are some common elements to getting ready for the trust’s tax return. Contrary to popular opinion, a trust is not actually a legal entity; instead, it is a formal relationship between other entities, where one entity holds property for the benefit of […]

DJ Grigg - Blog Post SMSF

Tax Tips 2023: Self-Managed Super Fund (SMSF)

A self-managed superannuation fund (SMSF) gives you control and flexibility over making investments and preparing for retirement. It’s essential to get your deductions and record keeping right for the SMSF audit process and the tax return, as strict laws govern SMSFs. An SMSF must be set up as a trust and have a legal document […]

DJ Grigg - Blog Post Tips Small Business

Tax Tips 2023: Small Business

Are you claiming all the small business tax deductions that you are entitled to? Common Tax Deductions for Small Business There are many expenses common to most small businesses, and there are other expenses specific to the nature of each industry and the goods or services your business provides. Expenses must relate to running the […]

DJ Grigg - Blog Your Accountant the mentor

Your Accountant: The Mentor You Didn’t Know You Needed

Have you ever thought of your accountant as a mentor? A business mentor can provide guidance and support, so you make the right decisions and stay focused on the end goal as a business owner. They can also help you move forward in your career by providing advice and feedback on the steps to take […]

DJ Grigg - Blog Post Tax Tips Individuals

Tax Tips 2023: Individuals

Although tax returns for individuals are not due just yet, the financial year’s end is near. Get ahead now by preparing all the documents required for your 2023 tax return so you can get your tax done quickly and get any refund due to you in your bank! Income The Australian Taxation Office (ATO) automatically […]

DJ Grigg - Blog Stress Work Life Balance

Stressing About Your Work/Life Balance?

Trying to get a perfect work/life balance can be a cause of stress in itself. If you are feeling the strain of building your business and maintaining your life, the good news is that stress and a productive existence can go hand in hand. Be mindful and you can find the balance that’s best for […]