The end of another financial year is fast approaching. Our 2018 Tax Planning Guide for the end of  the 2017/18 financial year highlights some end of year tax planning opportunities which you may wish to consider before June 30, 2018.  …


It’s exciting when you have that light bulb moment and you’re hit with an idea for your new business. Before you can open your doors, there are numerous issues to consider and you must navigate your way through a maze of rules, registrations and regulations. One of those issues is the right business structure.    …


All employers need to perform a headcount as at 1 April 2018 to determine when they need to implement the latest ATO digital initiative - Single Touch Payroll. Employers with 20 or more employees will need to start reporting through Single Touch Payroll from 1 July 2018. Let’s look at what employers need to be doing right NOW.    …


Can’t I use my superannuation? This is a very common question we get asked and in this post we look at what the government restrictions are on accessing your super and the impact of preservation age.   …


The ATO recently conducted a blitz in specific suburbs around the country where it identified a suburb as having 'high cash economy risk behaviours'. Due to its success, the Tax Office will maintain its audit focus on cash-based businesses. Could yours be next?  …


According to a recent Telstra survey, only 50% of Australian small businesses have a website. Surely this can't be true! With the same report finding that 62% of customers will stop considering a small business if they can't find information about it online - there can be no doubt that having a website is a fundamental weapon in your marketing arsenal.    …


Franchising is big business in this country and while buying into a franchise can often be promoted as a ‘gold mine’, the reality is, franchises can also fail. Let’s examine some of the most important things you need in place when buying a franchise.  …


Cash is King, make no mistake, but managing cash flow remains a constant challenge for today's small business owners. In this article we examine the differences between cash flow and profit and the importance of understanding your numbers to maintain a positive cash flow.    …

How to Claim Christmas Gifts as a Tax Deduction

How to Claim Christmas Gifts as a Tax Deduction

Is it possible to be 'Santa Claus' for your employees and still receive a tax deduction? We look at the tax implications of gifts and Christmas parties.


Cash flow is the life blood of any business. In fact, it can be the difference between success and failure with a lot of business owners walking a tightrope. Let’s briefly examine some of the most common causes of a cash flow crisis. …


Welcome to another video in our ‘Taking Care of Business’ series. In this video I’m going to examine the 4 Ways to Grow a Business which include: 1. Increase the number of customers (of the type you want) 2. Increase the number of times customers come back and buy from you 3. Increase the average value of each sale you make and 4. Increase the effectiveness of each process in your business. …


There has been a fundamental shift in the way consumers make their purchasing decisions. The availability of free, high-quality information online has changed the way consumers buy and Inbound marketing has replaced traditional Outbound marketing methods.  …


As a savvy business owner, it’s important to use email marketing. The benefits of Email Marketing almost sound too good to be true – a 4300% ROI for starters! This article will guide you through the first step – how to build your email marketing subscriber list. …


Welcome to another video in our taking care of business series. In this video we’ll look at the commonly asked question “Should I buy a holiday home?” Then we’ll examine some of the positives and negatives, so that you can make the right decision. …


Video is no longer an option for businesses looking to grow, it’s essential. These are the video marketing trends that you need to be aware of in 2017 to stay ahead of your competitors. …


Welcome to another video in our ‘Taking Care of Business’ series. In this video  - I’m going to explore the major changes to superannuation, effective from the 1/7/17. Let me say right up-front, these changes are significant and everyone’s situation is different, so this video is general in nature and you should seek professional advice before taking action.  Let’s examine some of the key changes starting with; …


Over the past five years, claims for uniform and laundry tax deductions have increased. The ATO had sat up and take notice. The ATO AC, Kath Anderson has stated that too many taxpayers’ beliefs around how to claim clothing deductions are wrong. Here, we provide helpful advice and tactics to ensure you're getting your tax deductions right. …


You might be surprised to know the range of assets you can actually finance. While cars, trucks and equipment are items commonly financed, it is possible to finance boats, buses, planes, computers, dental chairs and office fit outs. …


Australians claimed about $23 billion of work-related expense deductions in 2015/16, however, the ATO believe a significant proportion of this amount is the result of over claiming of expenses.
As a result, the ATO have stated that they will be monitoring higher than expected claims. These are the areas you should brush up on to keep your work related expenses clear. …


Your website looks good, but it’s not getting visitors, generating leads and converting to sales.
The primary difference is that the brochure style websites are all about the company, while lead generation websites are all about the customer.
Let’s examine the seven must-have online marketing tools that can help you turn your old website into a lead generation machine. …


Airbnb is big and getting bigger. We answer the most common questions on the taxation implications, deductions and declarations around renting out all or part of your property on this very popular service. …


When building a new website or investing in a website makeover or upgrade, it’s important to understand that not all website expenses are immediately fully tax deductible. …


Uber is looking for more drivers and Airbnb is seeking more hosts, but what are the implications of becoming part of this new 'sharing economy'? …


There is clear evidence that business owners continue to struggle to complete their Business Activity Statements (BAS). To help you we have identified three common errors... …


Starting a business can be a maze of research, registrations and red tape. No amount of passion can guarantee your business success but the proverb, ‘failing to plan is planning to fail’ serves as both great advice and a warning for new entrepreneurs. …


Your website should effectively be your home base on the internet but how does it actually work and what is hosting and domain names? …


Creating wealth through purchasing a negatively geared investment property is a well established practice in this country.  We have identified some common areas where property investors often trip up including claiming interest on loans. …




Many business operators base their prices on the competition. In doing so they assume the competition have their pricing structure right, that they are making a profit and that they have the same cost structure as themselves. In reality every business has a different cost structure and it is important to understand yours.
…


There are many ways to generate positive cash flow . The aim is to keep the money moving your way, rather than subsidising someone else’s business...
…


Of all the reasons as to why businesses fail, insufficient cash flow is one of the most common. Often this is not due to the lack of actual business or the amount of sales being made but the mismanagement of the funds available. .
…


Starting a business can be a mine field and the risks are high which explains why so many budding entrepreneurs look to buy an existing business or franchise operation rather than start from ‘scratch’. …


The idea of superannuation is to accumulate as much money as you can during your working life. Then when you retire receive your money back, plus earnings as either a lump sum or pension or a combination of both. You have a number of different options when it comes to taking your money out of super, but in order to get your money out, you must meet a condition of release. …


When you're investigating buying a business it's important to do a detailed review of the business's operations, finances and industry as part of what is called the ‘due diligence’ process. …


As accountants, the number one thing our business clients want is advice to help them grow their business. In the digital age we believe the secret to growth is marketing and it could be the difference between boom and gloom for any business. …

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