7 Tips for Small Businesses on Selecting the Right Accountant
So, here’s an old joke you’ve probably heard before… what's an accountant? Answer: Someone who solves a problem you didn't know you had;...
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Small Business Accounting Blog
- 4 min
Why Business Owners Must Register Their Security Interests
As a business owner, you will find yourself dealing with other parties of differing sizes and stages of development. These transactions...
- 5 min
Tax News and Updates October 2023
ATO ramping up debt collection measures The ATO is set to take a stronger recovery stance when it comes to debt collection. Since COVID,...
- 4 min
Tax Issues With Related Party Loans
When operating a business, the issue of funding matters for a few reasons. Many will think in terms of serviceability, cashflow, security...
- 5 min
Tax News and Updates September 2023
Is tax payable on a gift from an overseas relative? There is no simple answer to this seemingly simple question. It is possible that a...
- 6 min
Risks of Acting as a Shadow Director or Officer
Introduction Recent economic conditions have seen a ramping up of the level of insolvencies in Australia. As interest rates continue to...
- 4 min
Tax News and Updates August 2023
Claiming tax deductions for personal concessional super contributions – compliance with notice requirements Taxpayers who wish to claim a...
- 3 min
How to Grow your Business by Acquisition
While many businesses may initially be successful, stagnation is a common issue that can quickly arise without proper planning and...
- 4 min
Payroll Tax Issues For Businesses
For those in business, payroll tax is a costly and annoying administrative burden that is begrudgingly accepted. In recent times however...
- 5 min
2023 End of Financial Year Tax Reporting Obligations for Businesses
The new financial year has just commenced which means businesses should now be focusing on their 2022/23 EOFY tax reporting obligations,...
- 4 min
Tips to Secure Payments on Time Every Time on the Sale of Goods
It is a sad reality of business that sometimes those you are dealing with let you down, because of this, when carrying on a business...
- 9 min
Small Business Tax Planning Strategies For 2023
The end of the 2023 financial year is only a few weeks away, but there are still some last minute strategies that SME business owners...
- 4 min
Key Business Succession Issues
It is crucial for business owners to consider business succession planning to ensure the smooth transition of their business to the next...
- 5 min
Structuring Property Improvements in a SMSF
When a self-managed superannuation fund invests in real estate, it can seem like a reasonably straight forward arrangement, with specific...
- 5 min
Tax News and Updates May 2023
Dangers of falling behind on BAS & superannuation guarantee lodgements Many business owners fall behind on their superannuation guarantee...
- 5 min
Navigating the 5 Stages of Growth to Maximise Business Value
As a business owner, you’ve no doubt heard the phrase "scaling a business" but what does that actually mean? How do you know when your...
- 11 min
Business Tax Update - April 2023
Tips in Preparing the 2023 FBT Return The 2023 FBT year ended on 31 March 2023. Businesses should start planning to ensure their...
- 5 min
Issues to Consider and Strategies for Dealing with Unpaid Distributions by a Family Trust
Discretionary trusts continue to be a popular structure in Australia for both investment and business purposes. The main reasons for this...
- 8 min
Tax News and Updates March 2023
Importance of correctly classifying a person as an employee or contractor An issue that often arises is the question of whether an...
- 4 min
4 Things you Need in your Business Financial Toolkit
If your business doesn't make money, you won’t be in business for long. These four things should be in your financial toolkit to keep you...
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