Does this sound familiar? You’re lying in bed in the early morning checking the news before you get up and you read an article about a medium enterprise that was subject to data theft. You remind yourself you must revise your cybersecurity strategy. In the car on the way to work, you hear on the[...]
Superannuation is one of those things many of us tend to “set and forget”. However, staying up to date each year with budgetary, market and industry trends and changes is imperative if you want to maximise the return on your super in the long-run. With the 2016 budget reforms to superannuation starting to come into[...]
Does this sound familiar? You’ve worked all day and the kids are finally in bed. The dishes are still sitting there; you have a glass of wine in hand and a massive pile of papers in front of you. Just the thought of going through this pile has you reaching for that glass a little[...]
It’s the end of the financial year. That time of year when you start the process of getting your records in order and gathering receipts before heading to the accountant. Here are some things to consider in order to help you capitalise on tax concessions and other opportunities this financial year. Property 1. Ensure all[...]
Small businesses around Australia remain relatively unaffected by this year’s Federal Budget. Here is a summary of the primary take-outs that you’ll need to be aware of for this financial year and to assist you in your planning for the 2019-20 financial year. $20,000 asset immediate write-off. The most beneficial announcement that[...]
It’s time for businesses to lodge their Fringe Benefits Tax (FBT) returns. Here’s what you need to know for your 2017/18 lodgement and how to best prepare for next year’s FBT return. 1. Lower FBT Rate. The good news is that as of March 31st the FBT rate will be lowered from 49% to[...]
A Self-managed superfund (SMSF) is hard work, but it provides you with freedom and control when it comes to your retirement savings. You’ve paid your taxes throughout your career and are looking forward to luxurious adventures in the work-free decades ahead. However, under Labor’s proposed reforms to the imputation system, a portion of that retirement[...]
In order for a dental practice to grow, it needs to focus on how to attract new patients. A good place to start is by addressing your marketing ideas and promotions. Here are 5 marketing tips designed to help you grow your dental practice: 1. Provide an offer that tops your competition. Keeping an[...]
Tax returns have a tendency of sneaking up on you, always leaving you feeling rushed to complete it. Filing taxes all alone can be an overwhelming task; tax returns are notoriously time-consuming and stressful. However, it is vital to your business that you complete these to the best of your ability. Figuring out how to[...]
Has your accountant ever suggested hiring a bookkeeper to help you manage your business? This shouldn’t catch you off guard. Most people assume that accountants and bookkeepers handle the same job. Of course, they each deal with financial information but their approach differs, and both can offer valuable insights from different viewpoints. Accountants are able to[...]