before your business starts – then you claim the cost over five years once you start up more than $1,000 you must claim the cost over four years You can also claim an outright deduction for some ongoing expenses associated with running and maintaining your website, such as domain name registration fees and server hosting […]
Claiming website development costs Read More »
Are you making a profit? If your business isn’t making a profit, you will have a much smaller benefit because you aren’t currently paying tax. You will only be able to defer the loss until future years. Basically, there’ll be no immediate cash benefit to your business! It’s not law yet! This announcement is just
Turnover under $2m? Heard about the $20K asset deduction? Read More »
Superannuation can be one of the most effective ways to build you retirement nest egg. There are a range of strategies you can consider to boost your super savings. Consolidate your super If you’ve had several jobs since you started working, you may have money in more than one super fund. More than one super
Smart Super Strategies: Getting Started Read More »
Discover how why our unique 5 step process is important and how it can help you and your business succeed. Step What You Get Why is it important? Protect Asset Protection Analysis Business Structure Advice Estate Planning Review Protect your family’s hard earned assets Get your structure right from the beginning Ensures your estate goes
Our Unique 5 Step Process for Business Owners Read More »
A big boost in sales seems like a dream come true, but there can be a cash-flow sting in the tail. Here’s how to manage increased sales growth like a pro. An age-old question we get asked by business clients is “How come I’ve made more profit but I don’t have any more cash?” The
How More Sales Can Cause Cashflow Problems Read More »
No time to make a budget? Then how do you know you are operating your business effectively? A budget can show you where you are over-spending and help you determine the best way to maximize earnings. 2. Set up a Financial Record Keeping and Accounting System One of the most important things you can do
Spring Clean your Business (in Autumn!) Read More »
Organising expenses receipts can save you money on business income taxes. Sounds too simple, but the truth is most people are not very organised when it comes to filing receipts and keeping records updated for tax purposes. Here are four reasons you should start organising information for next years’ tax returns, and how organising receipts
How to Save on Small Business Taxes Read More »
What is Single Touch Payroll Single Touch Payroll (STP) is a new way for employers to report tax and super information to the ATO. It starts from 1 July 2019 for employers with 19 or less employees. You’ll report the following information through an STP ready solution – such as payroll software: payments to employees
Single Touch Payroll will change the way you report your tax and super Read More »
There is now a new method you can use to calculate your work from home expenses.
Working from home due to COVID-19? Read More »
Growing a business isn\’t as easy as it may sound.
The key elements toward growing a successful business Read More »
