Our goal is to be more than your accountant – we aim to be your business partner, offering insights that aid in your business growth. Each article is designed to deliver clear, information, assisting you in making informed decisions for your business.
Explore our content and use our expertise to improve your business journey.
For direct inquiries or tailored advice, please feel free to reach out to us through our CONTACT PAGE.
The Optus data breach is top of mind for a lot of Australians, particularly those who have had their data breached. For business, the breach is a timely warning on the importance of understanding what data is held on your customers (and should you hold it?), how it is secured, how your systems work and the process to identify gaps and deficiencies, the appropriate actions if and when a breach occurs, and the impact on
120% deduction for skills training and technology costs The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium business An election ago, the 2022-23 Budget proposed a 120% tax deduction for expenditure by small and medium businesses on technology, or skills and training for their staff. This proposal has now been adopted by the current Government and details released in recent exposure draft by Treasury. Timing Two investment ‘boosts’
The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. Record-keeping; Work-related expenses; Rental property income and deductions; and Capital gains from crypto assets, property, and shares. In general, there are three ‘golden rules’ when claiming tax deductions: You must have spent the money and not been reimbursed; If
It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access the deduction. There are a few problems with the headline announcement. Firstly, the announcement is just that, it is not yet law. And, we do not
Maybe it’s time to review your accounting software. Have you been using your existing accounting software solutions for too long? Have you taken on a business and use a particular program because that was already there? These aren’t necessarily bad things… but there are a lot of new options that you may want to take into account. There are many accounting software solutions available these days, with different inclusions, options and add-ons that you can
You don’t need to have complicated tax affairs to benefit from the use of a tax agent. Using a tax agent can help take the stress out of lodging your annual tax return; by relying on their experience and specialist knowledge. There are a number of ways that you may benefit from their services, including: Working through possible deductions to understand if there is anything that you should be claiming against your income.This could include