Business and Tax Experts

Illness and labour shortages – business owners are under more pressure than ever before. If you’re feeling stressed, here are three tips to prevent burnout.

We’ve all been doing a lot more remote working in recent times. But have you thought about the security implications of using your device on a public network? #internetsecurity #cybersecurity

The $450 threshold for super eligibility is removed from July 2022. This could impact payroll costs. If you rely on a pool of casual workers who earn less than $450 per month, talk to us. We can help you prepare for the increased cost.

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

Do you understand your personal income tax, what you have to declare, and how much you can claim? We can help get your taxable income correct, maximise allowable deductions and get the best tax return.

Invoice fraud is on the rise, but you don’t need to leave yourself vulnerable to scammers, E-invoicing is the secure way to send and receive invoices, backed by a government platform.

Not sure about the guidelines for cashing out annual leave? You need to know some essential rules before paying out annual leave so that employees are not disadvantaged.

Are you spending hours of precious business time completing your bank reconciliations? We’ll show you how to switch to cloud accounting and automate these bank recs. #businessadvice

Investing or considering buying cryptocurrency like bitcoin? It’s important to explore the tax implications. #crypto #bitcoin

New laws mean company directors need to get a unique director ID number from November 2021 Talk to us if you have any questions about the new registration requirement.

Have you bought and sold shares this financial year? Share trading is easier than ever but you still need to include details on your tax return. Talk to us about your share holdings so we can maximise your return.

Many businesses get pay wrong without being aware of it. But pay or payroll errors are a major financial and legal risk, so you need to know where you could be going wrong and ways to stay compliant. This article covers the most common pay mistakes.

Employers, there are some payroll changes this year, including new rules for casuals. Minimum pay increases from 1 July and there are some changes to awards. We can help you navigate payroll admin and look after Single Touch Payroll for you.

Organising your end-of-financial year documents now means you can get your tax completed earlier and maximise your return. Book in your tax return appointment now and rest easy knowing it’s under control.

Prepare now for finalising STP payroll data by 14 July. Book a time with us today to check essential employee information, verify the numbers and confirm payroll categories are linked to the correct reporting fields before lodging with the ATO.

Planning a Christmas party? Giving gifts to clients and suppliers? Paying a Christmas bonus? Talk to us to see if you can claim all or part of the cost as business expenses. Don’t get caught out by tricky entertainment rules!

New rules for super contributions, age limits, and the work test mean older workers can keep making contributions. Time to review your super plans? We’ll help you make the most of your allowable super contributions.

Should your staff be contractors or employees? There are many factors to assess and it’s the business owner’s responsibility to get it right. Talk to us now and we’ll review your workers’ basis of engagement.

The Federal Budget, announced on Tuesday 6th October, focuses heavily on job creation in order to pull the country out of the economic crisis it faces. Talk to us about the impacts on you and your business.

Unclear on the story your Balance Sheet tells? Don’t know how to calculate key ratios to measure the strength of your business? We can help demystify your Balance Sheet. The stronger it is, the stronger your business will be! Get in touch!

ffering people attractive benefits and perks as part of their employment package makes good business sense. This article details the top benefits to enhance your employees’ working lives.

Looking to buy a business? Good independent advice will ensure you make an informed investment. We can give you assistance in analysing the financial performance and potential of the business, so you can make the best decision possible.

It’s a good idea to think about your succession plan long before you need to sell. With a plan in place, you can maximise the value of the business and achieve a better outcome.

Do you understand your lock up days? The higher your days, the less cash you have available. Talk to us about how to reduce the lock up days in your business to free up your cash #FinancialAwareness #CashIsKing

Making time to look over your financial reports each month is an important task for any business owner. We can give you an overview of what reports you'll need to help you build a thriving business.

For most businesses, income and expenditure don’t always happen at the same time so focussing on strong cashflow management is vital. We can help with that.

Are you ready for TPAR? Update your supplier information now in preparation for your taxable payments annual report lodgement by 28th August. #TPAR #TaxTime #SmallBusiness

Have you maximised your concessional super contributions for 2019? Act now to take advantage of the new rules allowing you to make a top-up payment. Get in touch today before your super fund contribution deadline for 2020.

How long do your customers take to pay you? Understanding the average number of days it takes to get paid is vital business information for cashflow planning, especially in tough times.

Are you making the most of your allowable tax deductions? Individuals can claim for general work-related expenses as well as occupation-specific expenses and working from home. Book a time now - we’ll help maximise your return.

This year more than ever it’s important to get your records and tax return correct because of the unusual business circumstances and JobKeeper. Talk to us - we can help make tax time easy.

Xero have launched new features to track work-related expenses. Employees can submit expenses paid with company money and use the new integrated map to calculate mileage.

Fringe Benefits Tax Returns are not always straightforward! Get your information ready now for lodgement and talk to us. We can assist with your FBT calculations and lodgement, to make sure you are receiving eligible concessions and exemptions.

It’s not easy to request payment right now but it is important to keep cash flowing into your business. As with all business dealings right now, a little empathy and a lot of open communication can go a long way.

The ATO is announcing a special arrangement for people working from home, to claim running expenses without the need to calculate specific running expenses. 

The JobKeeper payment is for businesses significantly impacted by the Coronavirus pandemic, and the measures in place to restrict it. The treasurer has now released rules governing the scheme. Get in touch with us about your business.

'Business continuity’ is the process of planning out how your company can continue trading – when disaster hits. In essence, it’s your Plan B for how to set up a means of trading, when you don’t have access to your usual offices, workspaces or equipment. Right now businesses are having to put ‘Plan B’ into action.

Do you have unpaid super owing to employees? Act now to take advantage of the super amnesty to avoid further penalties. Contact us to calculate and report your unpaid super during the amnesty.

There are a wide range of support measures being implemented by both Federal and State Governments as well as financial institutions. Below is a list of the available assistance that has been announced as of the 2nd April 2020.

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The JobKeeper Payment aims to support businesses to maintain their income and their connection with employees. The payment will be $1,500 per fortnight per employee for up to 6 months. Talk to us about your business.

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

The Federal Government have today announced an economic response to the Corona Virus. 

We have attached a summary of these measures for your information. 

If you have any questions in relation to this please contact us.

Small businesses are particularly vulnerable in tough economic times.

When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive.

Make sure you have a clear picture of your payroll, and any other planned expenses that will need to be accounted for.

If there’s even a possibility that there could be a shortfall, it’s essential to meet this head-on. Whether this means talking to your supplier or creditors to figure out an arrangement, or compromising on other business outgoings, you must make a plan to ensure that the business, or your staff, won’t suffer.

Unsure if you have the working capital needed to grow your business? We’ll help boost your cashflow and financial position – and can advise on additional finance and funding.

Employers will voluntarily be able to report deductions related to child support from employee salary or wages through Single Touch Payroll if new draft legislation is passed.

Do your employees sacrifice salary to super? New rules apply from 1 January 2020 that may affect how much super you need to pay for employees. 

When you're looking to expand and grow your business, you'll almost certainly need extra finance to achieve this. But what’s the best funding route for your company?

Should you opt for equity or debt when it comes to sourcing this additional investment and capital? And what are the pros and cons of these two options?

Holiday breaks are a time to re-charge for the year ahead. However, for business owners, this time can be stressful without careful cash-flow planning. Have you got the strategies in place to ensure you are in the best financial position this year?

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure.

Are you confident in understanding the financial snapshot of your balance sheet? Would you like to know more about the relationship between assets and liabilities to assist business decisions?