28 01, 2020

Why you NEED a small business accountant in Melbourne

January 28th, 2020|Accounting, Tips & Tricks|

As a small business owner, you’re accustomed to doing things on your own. In particular, many small business owners feel intense ownership over their businesses, and feel compelled to have a hand in all parts of its operation. In many instances, that includes doing the finances as well. It’s admirable that you’re taking such a hands-on approach to your business [...]

10 01, 2020

Self-managed super: why you NEED an SMSF accountant in Melbourne

January 10th, 2020|Accounting|

Can your accountant set up your self-managed super fund? More importantly, should your SMSF be handed out to someone else? It’s a self managed fund, after all - giving it to someone else defeats the point somewhat! If you ask us, the answer to both of those questions is a resounding “yes!” Just because it’s a self-managed superannuation fund, doesn’t [...]

20 12, 2019

The benefits of accounting software, explained by our small business accountants

December 20th, 2019|Accounting|

We’ve all got our New Year’s resolutions: go to the gym more, learn a new language, repaint the living room... you know the drill. But have you thought about New Year's resolutions for your small business? If you ask us, the Christmas and New Year period is the best time to start implementing new systems and procedures at your business. [...]

20 12, 2019

Our business accountants in Melbourne explain how you can protect your data

December 20th, 2019|Accounting|

Bitcoins turning into cold hard cash. Once-in-a-lifetime “business ventures”. Distant acquaintances stranded overseas. Christmas isn’t just the season of cheer - it’s also the season of scams. In addition to taking your hard-earned cash, scammers are increasingly going after your personal data. Identity theft in particular is on the rise, with scammers increasingly going after personal details. In 2014-15 alone, [...]

15 11, 2019

Ask an SMSF accountant: is self-managed super right for you?

November 15th, 2019|Accounting|

At Bruce Edmunds & Associates, we’re focused on getting you where you want to be in 5, 10 or 20 years time. And a key part of that is your super. Superannuation is a crucial part of your wealth planning - as such, it’s little surprise that many opt to avoid super providers and instead choose to self-manage their super. [...]

8 10, 2019

Accounting vs. bookkeeping: our small business accountants explain

October 8th, 2019|Accounting|

Say your car engine runs into problems. You wouldn’t take it to a smash repair centre, would you? Of course not - you’d instead take it to your local mechanic. While these two professions both work on cars, panel beaters and mechanics work in completely different ways. Accounting and bookkeeping are no different in that regard. Sure, both professions deal [...]

26 09, 2019

An accountant in Bayside explains estate planning

September 26th, 2019|Accounting|

At Bruce Edmunds & Associates, our mission ever since 1966 has been to provide individuals with the level of financial freedom needed to achieve their goals and get them where they want to be in life. Our accountants in Bayside have been providing qualified financial, super and tax assistance to help our clients get to that point. However, that isn’t [...]

6 09, 2019

Our personal accountants in Bayside explain the work test exemption

September 6th, 2019|Accounting, Support|

With each new financial year comes a new raft of proposed changes to taxes and superannuation. And the financial year beginning July 2019 is no different. While most Australians are no doubt familiar with the Government’s proposed tax cuts which are due to come into effect over the coming years, one change that fewer people are aware of are the [...]

21 08, 2019

A tax accountant in Melbourne explains ATO data-matching

August 21st, 2019|Accounting, Support|

During the last couple of weeks, you may have received a letter from the ATO in the post.  Inside, you’re greeted with a message informing you that you’ve run afoul of the ATO’s automated data-matching system. As part of the ATO’s recent crackdown on dodgy tax claims, more Aussies than ever are expected to receive copies of this letter. But what [...]

14 08, 2019

Our small business accountants explain Labour Hire Licensing

August 14th, 2019|Accounting, Support|

The Victorian Labour Hire Licensing Scheme is a new licensing system, implemented earlier this year to protect vulnerable labour hire workers from exploitation at the hands of labour hire services. This new system aims to regulate labour hire providers in Victoria, and will introduce new compliance obligations for those in this industry. However, it isn’t just providers who will be [...]