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23 06, 2020

6 small business accounting tips for startup businesses

June 23rd, 2020|Accounting, Support, Tips & Tricks|

When you first commit to losing weight, you track your calorie intake as well as your kilos.  When you bring your newborn home for the first time, you no doubt keep track of their size and weight, comparing these against the averages. Your startup is no different. Starting a business is a major endeavour. Sure, you’ve got a great idea [...]

30 04, 2020

Our personal accountants share 6 ways to keep finances in check

April 30th, 2020|Accounting, Support, Tips & Tricks|

Did you know? 1 in 4 Australians worry about money on a daily basis - a number that has almost certainly gone up due to our current climate. Financial stress is one of the worst kinds of problems that you can face - one that’s made worse by generally low levels of financial literacy among most Australians. However, there are [...]

12 03, 2020

FBT time is almost here! A personal accountant explains what it means

March 12th, 2020|Accounting, Tips & Tricks|

It’s hard to believe it’s March already. And with March comes the need to report Fringe Benefits Tax (FBT). Unlike your personal income tax return, FBT doesn’t follow the Australian financial year (1st July - 30th June). Rather, the FBT year ends on the 31st of March - a date that’s only a handful of short weeks away! This isn’t [...]

24 02, 2020

Super 101: our SMSF accountants talk SMSF investment strategies

February 24th, 2020|Accounting, Tips & Tricks|

Self-managing your superannuation isn’t for everyone. Unlike Australians who choose an industry or retail fund, SMSF comes with a lot of extra work. This work starts from the very beginning, with your SMSF investment strategy. Not only is building a comprehensive and cohesive strategy a sensible thing to do if you want to maximise the return on your super investments, [...]

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 [...]

22 07, 2019

Our small business accountants share debt collection tips

July 22nd, 2019|Accounting, Tips & Tricks|

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 [...]

22 04, 2019

Our tax accountant in Melbourne explains the “cents per km” method

April 22nd, 2019|Accounting, Tips & Tricks|

Unlike your personal tax return, businesses activities are subject to many additional tax obligations, depending on their operations. Even if you aren’t a business owner yourself, certain expenses incurred in the course of performing your job can impact your tax, as well as the deductions you’re eligible for. Long story short, business activities can result in your tax returns becoming [...]