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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
As we’re sure you know, cash flow is crucial in your business. If payments aren’t coming in on time, you won’t have enough money on hand to keep up with your overheads. So when you provide a service and the client doesn’t pay on time, it’s natural to feel irritated - in fact, many would say you have the right [...]
So you’ve come into a sudden increase in business and you want to share the love around with your staff. In addition to offering pay rises, you’ve also decided it would be a good gesture to start adding extras to their contracts as a small thank-you for all of their hard work. While all these extras might be doing wonders [...]
When people think about opening their own business, their minds tend to linger on a couple of things: The freedom to be their own boss How much money they’ll bring in The potential for future growth What prospective business owners don’t realise is that small business owners are some of the hardest-working people around – according to some surveys, more [...]
It’s hard to believe that it’s June already. And we all know what that means: it’s nearly tax time! While the idea might not exactly fill you with joy (though it does at our end!), filing your taxes is an important part of your responsibilities as a resident in Australia. Determining whether you need to file a tax return should [...]
