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 […]
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 […]
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 […]
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 […]
Outsourcing: Could it Help your Business?
When you run a small business, the amount of work can ebb and flow. Unexpectedly busy periods can create too much work and stress for a small team or one-person business. But if a surge is seasonal or unreliable, you don’t necessarily want to commit to taking on another employee. One solution is to use […]
Buy or Lease? Business Plant and Equipment
When your business needs new plant or equipment, what’s the best choice – buy or lease? The answer will depend on your circumstances, but the following considerations can help you weigh the options. The advantages of buying Buying gives you certainty and ownership at a higher upfront price but a lower total cost. Owning an […]
Cashflow Forecasting: Get Back in Control
We all know that positive cashflow is the beating heart of any successful business. And with so many external pressures on your cash right now, it’s important to have one eye on the future. Cashflow forecasting is an increasingly important tool for any finance team. You can make well-informed financial decisions with a better view […]
Some Tax Offsets Have Expired: Are You Affected?
What is the $1,500 low and middle income tax offset (LMITO), and how will it affect my tax return in 2023? As you may have heard through various news channels and articles, millions of Australians are due to feel a sharp increase in their taxes which will result in lower tax returns in 2023. Why? […]