Accounting
A Comprehensive Guide to Staff Parties and Gift Giving
A Comprehensive Guide to Staff Parties and Gift Giving November 22, 2023|Accounting, Business, Tax, Tips and Tricks The festive season is upon us, and as businesses prepare to celebrate with staff parties and express gratitude through gift-giving, it’s essential to navigate the intricate landscape of tax implications. In this guide, we’ll focus on the deductibility…
Read MoreXero vs QuickBooks: Who is The Clear Winner?
Xero vs QuickBooks: Who is The Clear Winner? November 1, 2023|Accounting, Business, Xero In the realm of accounting software, QuickBooks and Xero stand out as two of the most popular choices for businesses of all sizes. Both platforms offer a wide array of features designed to simplify financial management. However, when it comes to choosing…
Read More4 Essential Tips to Ensure your NDIS Business Succeeds
4 Essential Tips to Ensure your NDIS Business Succeeds October 4, 2023|Accounting, Business, Tips and Tricks Launching and managing a National Disability Insurance Scheme (NDIS) business can be a rewarding venture, but it comes with its unique challenges. To thrive in this specialised field, it’s essential to prioritise certain key elements that can make or…
Read MoreWhy June is the perfect time to change accountants
Why June is the perfect time to change accountants June 8, 2023 | Accounting As a business owner, finding the right accountant is crucial for the success and growth of your company. Accountants play a vital role in managing finances, optimizing tax strategies, and providing valuable insights. However, there are times when changing accountants becomes…
Read More4 essential accounting tips for NDIS businesses
4 essential accounting tips for NDIS businesses April 13, 2023 | Accounting Running a business in the National Disability Insurance Scheme (NDIS) can be challenging, especially when it comes to accounting. Proper systems and accounting best practice is crucial to achieving sustainable growth of your NDIS business. Here are 4 things to have in place…
Read MoreProposed changes to work from home expense claims
The Commission of Taxation has recently released Draft: Practical Compliance Guideline PCG 2022/D4. This guideline defines a new and revised fixed-rate method for taxpayers to claim deductions incurred from working from home. Given the major uptake in work from home arrangements post-COVID, the legislation of these new rules would result in significant changes to the…
Read More6 topics to discuss with your accountant before 30 June
6 topics to discuss with your accountant before 30 June April 4, 2022 | Accounting Meeting your accountant more than once a year is essential to running a successful business. As 30 June is approaching, this is a good time to schedule a catch up with your accountant to plan ahead before 1 July. This…
Read More4 red flags that mean it’s time to switch accountants
4 red flags that mean it’s time to switch accountants January 12, 2022 | Accounting A lot of business owners are frustrated with their current accountant, yet they decide to continue being a client of theirs. Why? It has been proven that sometimes people prefer to accept poor quality of something they know, as opposed…
Read MoreA summary on the temporary loss carry-back rules
A summary on the temporary loss carry-back rules May 26, 2021 | Accounting Designed to provide temporary cashflow support to companies that were in a tax paying position but now have a tax loss due to COVID-19 or faster deductions under the new instant asset write-off and full expensing measures. Corporate tax entities with ‘aggregated…
Read MoreHow to achieve the best tax deduction for your home office expenses
How to achieve the best tax deduction for your home office expenses March 19, 2021 | Accounting Employees who work from home may be entitled to claim a deduction for expenses in relation to their home office. These could include electricity, phone, internet, or depreciation on equipment. If you are running a business from home,…
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