Tips and Tricks
What structure should I invest in?
What structure should I invest in? April 1, 2021 | Tips and Tricks Good news! You are looking into your future and realising that putting your money in your savings account is not enough to fund your retirement. You are looking to start investing. You speak to your mates who’s told you to put your…
Read MoreChanging accountants – is my accountant the right fit for me?
Changing accountants – is my accountant the right fit for me? September 18, 2020 | Tips and Tricks Looking to change accountants? There may be a number of reasons why you’ve come to this decision. The most common frustrations we hear from clients are: “My accountant takes weeks to get back to me” “My accountant charges…
Read MoreFree credit health report for all Australians
Free credit health report for all Australians August 12, 2020 | Business, Tips and Tricks More than ever, a healthy credit score means an easier process when it comes to borrowing for personal or business needs. NAB have developed a free credit health check tool which will be available for all Australians. The tool can be used by anyone (even non NAB customers)…
Read MoreCryptocurrency tax tracking and calculating
Cryptocurrency tax tracking and calculating August 6, 2020 | Tax, Tips and Tricks How are cryptocurrencies taxed in Australia? The Australian Tax Office (ATO) has released a guide that the treatment of any gains/losses made on cryptocurrencies (such as Bitcoin) are taxed in Australia. Essentially, capital gains tax (CGT) applies to an asset at the…
Read MoreBuying a car with the new instant asset write off limit increase
Buying a car with the new instant asset write off limit increase July 9, 2020 | Tax, Tips and Tricks A few weeks ago, we shared that the $150k Instant Asset Write-Off has been extended to 31 December 2020. Since then, the most common question we received from clients is: Can we buy an expensive…
Read MoreManaging debtors and cashflow for small business owners
Managing debtors and cashflow for small business owners July 9, 2020 | Accounting, Business, Tips and Tricks Managing debtors (otherwise known as accounts receivable) is a requirement of doing business for most businesses, small and large. A key aspect of well managed cashflow is keeping the gap between receiving money from customers and paying money…
Read MoreA 1.75% increase to the minimum wage has been announced.
A 1.75% increase to the minimum wage has been announced. June 25, 2020 | Business, Tips and Tricks A 1.75% increase to the minimum wage is on its way from 1 July 2020. This increase will apply to all awards, but the starting point for specific increases will be rolled out over three stages depending…
Read More4 tips to keep your cashflow smooth as COVID-19 restrictions ease.
4 tips to keep your cashflow smooth as COVID-19 restrictions ease. June 25, 2020 | COVID-19, Tips and Tricks Cashflow is vital to any business. So as we some out of lockdown, it is important to consider your cashflow, the effects the pandemic has had on it, and strategies to get it back on track.…
Read More2020 end of financial year checklist.
2020 end of financial year checklist. June 16, 2020 | Business, Tax, Tips and Tricks We are now into June, which means another financial year is fast approaching. 2020 has certainly been a hectic time for all businesses with bushfires, floods, and COVID-19. Fortunately, the government stimulus measures have proven very effective but are wildly…
Read MoreWhat’s the best Mac accounting software platform in Australia?
Australian small businesses using Macs have the same financial tasks as those using PCs. But often it’s a challenge to find Mac accounting software that’s as feature rich as the Windows version. So, if you’re on the hunt for the best accounting software to run on your Mac, you’ll find you answer here. Hint: It’s…
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