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Self-Education Tax Deductions
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Self-Education Tax Deductions

Are you up to speed on Self-Education Tax Deduction rules?
Contractor v Employee
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Contractor v Employee

The ATO has released updated guidance on who is an employee and who is a contractor.
Stage 3 tax cuts
TaxationStage 3 tax cut

Stage 3 tax cuts

Stage 3 tax cuts have passed parliament. Here is wha they mean for you.
What is a tax ruling?
TaxationTax rulings
The Almanack of Naval Ravikant Book Review: A Treasure Trove of Wisdom
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The Almanack of Naval Ravikant Book Review: A Treasure Trove of Wisdom

In the ever-expanding universe of self-help and personal development literature, “The Almanack of Naval Ravikant” shines like a beacon. Compiled by Eric Jorgenson, this book distills the profound insights of entrepreneur and thinker Naval Ravikant into a guide that is as practical as it is philosophical.
How to Start a Gym in 6 Easy Steps
BusinessHow To Start A Gym

How to Start a Gym in 6 Easy Steps

If you’re a personal trainer and want to try running your own gym or you’re just a fitness enthusiast with an entrepreneurial mindset, this article will walk you through everything you need to know about how to start a gym.
Review: ‘The E-Myth Revisited’ – Decoding Small Business Success
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Review: ‘The E-Myth Revisited’ – Decoding Small Business Success

Explore our review of "The E-Myth Revisited" by Michael E. Gerber. Discover the key insights, pitfalls of small business ownership, and actionable strategies for entrepreneurial success.
How to Start A Marketing Agency – the Right Way
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How to Start A Marketing Agency – the Right Way

Starting your own marketing agency can be a rewarding endeavour, but doing it right is crucial to the success of your organisation. With years of experience in helping entrepreneurs start businesses in a variety of industries, we have the knowledge and expertise to guide you through the process.
How to Start a Recruitment Agency in Australia: Your Comprehensive Guide
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How to Start a Recruitment Agency in Australia: Your Comprehensive Guide

Starting a recruitment agency in Australia offers a dynamic and rewarding path, where you become the pivotal connection between skilled professionals and their ideal roles, empowering businesses to thrive with the right talent. This venture is not only about enthusiasm; it requires detailed planning, in-depth industry knowledge, and a keen navigation of Australia’s regulatory and financial landscapes.
Client Value Calculator Tool
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Client Value Calculator Tool

Get the free client value calculator tool.
Xero vs Quickbooks in Australia: The Complete Comparison 2024
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Xero vs Quickbooks in Australia: The Complete Comparison 2024

So its Xero v Quickbooks in Australia - who wins? Choosing the right accounting software is crucial for the smooth financial management of businesses.
What You Need To Know To Start a Business
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What You Need To Know To Start a Business

Every entrepreneurial journey starts with a dream, a passion, and a hefty dose of determination. Starting a business is an exciting adventure, filled with promise and opportunities. It’s a chance to make a real impact, bringing your unique vision to life, and possibly even changing the way we live and work.
How we succeed with a part time workforce
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How we succeed with a part time workforce

When I started the firm, I took a very different approach to hiring a workforce than the traditional model. We always wanted to build a firm that encouraged flexibility in where we worked. We also wanted to attract the highest quality staff who would serve our clients well.
What is B Corp and How it Helps Small Businesses?
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What is B Corp and How it Helps Small Businesses?

B Corp certification is a certification that recognizes businesses that meet rigorous social and environmental standards. It is granted by the nonprofit B Lab, which evaluates companies based on their impact on workers, customers, communities, and the environment.
How to start a Pilates Studio
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How to start a Pilates Studio

Starting a Pilates studio in Australia can be an exciting and rewarding business venture. Pilates has become increasingly popular in Australia over the years, with more people recognizing the benefits of this exercise method.
5 signs you’re undercharging
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5 signs you’re undercharging

Are you undercharging for your fees? We’ve got the five warning signs that can help you diagnose whether your prices are too low. #Pricing
Review the year that’s been and plan for the year ahead in your annual business review.
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Review the year that’s been and plan for the year ahead in your annual business review.

Conducting a past-year review with an experienced advisor will provide valuable insights for this year's goal-setting. What will you do differently this year to enable your business to thrive? #businessstrategy We can help. Get in touch today.
5 goal setting tips for 2023
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5 goal setting tips for 2023

Effective goal setting will help you get the very best out of 2023. Our 5 goal-setting tips will help small business owners reach new highs.
Christmas Parties and Presents – and Tax!
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Christmas Parties and Presents – and Tax!

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!
Holiday cashflow for your small business
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Holiday cashflow for your small business

Leading up to the holiday period, is your business cash flow in good health to carry you through? This time of year can be hard on small business. Make a plan early to ensure healthy cashflow over the holidays. #cashflow #smallbusiness
Employees and the Holiday Season – What You Need to Know
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Employees and the Holiday Season – What You Need to Know

Have you got a plan for staff annual leave and public holidays? There are rules to follow on entitlements for public holidays, shutdowns and leave provisions. We can help you plan for cash flow while meeting your employer obligations.
Check Your Business Performance Against the ATO Small Business Benchmarks
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Check Your Business Performance Against the ATO Small Business Benchmarks

If you’re interested in improving your business performance, talk to us about comparing your business to the ATO Small business benchmarks. Benchmarks can help focus attention on areas that could be improved like the ratio of labour cost to turnover.
How profit sharing can help your business retain talent
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How profit sharing can help your business retain talent

Retain staff and attract new talent with profit sharing – it’s a win-win way to incentivise your team and build your business. #businessculture #goodemployer
Meeting your goals during a global slowdown
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Meeting your goals during a global slowdown

Are your goals still relevant during a global slowdown? Talk to us about reviewing your goals, finances and business plan, so you’re ready to meet the economic ups and downs. #businessadvice
Key numbers to focus on in your business now
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Key numbers to focus on in your business now

What are the key reports to focus on in your business? We'll show you how to track performance, take action and prepare your company for surviving the new business normal.
Feeling the crunch? Here’s how to get more cash from your business.
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Feeling the crunch? Here’s how to get more cash from your business.

When economic times are tough, it helps to be in control of your cashflow. We explain how to improve your cashflow – and how this helps you run your business through tough times. #cashflow #cloudaccounting
Do You Know What Reimbursements Your Employees are Claiming For?
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Do You Know What Reimbursements Your Employees are Claiming For?

Are you across all your employees’ reimbursements? While mistakes in expense claims happen, so does deliberate fraud. Having a proper system in place to manage expenses will minimise errors. Get in contact to learn more about overseeing employee expenses.
Understanding Your Statement of Cash Flows
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Understanding Your Statement of Cash Flows

Do you fully understand the impact of your business activities on your cash flow? Your cash flow statement can give you great insight into business operations. Book a session today to examine your financial reports.
Why You Should Check Supplier ABNs
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Why You Should Check Supplier ABNs

Do you check your supplier ABNs? Correct tax codes are essential for getting GST on the BAS right. Now is a good time to review supplier ABNs and GST status. Get in contact, and we’ll make sure you’re not paying more GST than you need to.
Understanding Your Profit and Loss Statement
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Understanding Your Profit and Loss Statement

Would you like to know more about the relationship between costs and revenue to make better business decisions? Book a session today to examine your financial reports with an experienced business advisor.
GST on Business Purchases from Overseas
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GST on Business Purchases from Overseas

Does your business buy products and services from overseas suppliers? If so, you may be charged GST, but not always! We can review your accounts and software tax codes to make sure GST claims on overseas purchases are correct.
Tax tips for small businesses 2023
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Tax tips for small businesses 2023

This year it’s important to get your records and tax return correct because of the continued unusual business circumstances. Talk to us and we’ll help make tax time easy and make sure you’re claiming all that you can for your business.
Weighing up a big investment in your business
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Weighing up a big investment in your business

It’s expensive to invest in a new website, payment platform, project management software or automation. Should you take the plunge? We can help you weigh up the costs and benefits.
What is Personal Services Income?
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What is Personal Services Income?

Not sure if you’re earning personal services income or conducting a personal services business? Special rules apply to PSI. Talk to us and we’ll check the type of income and ensure you are claiming the maximum allowable deductions and not being overtaxed.
When to Register Your Business for GST
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When to Register Your Business for GST

Do you know when your business should register for GST? If you're not charging GST, check your income to know when to register with the ATO. Most businesses must register at $75k, but there are special rules for some. Talk to us to get set up.
How an accountant supports your business development
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How an accountant supports your business development

Accountants don't just look after the financial side of your business. With our expertise behind your business development, we can help you turn your strategic ideas into real success stories. #businessdevelopment #BD
Fringe Benefits Tax and Business
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Fringe Benefits Tax and Business

Do you offer your employees benefits in addition to salary and wages? If so, you may need to report FBT. Fringe benefits can help employees reduce their taxable income but you need to take care of the admin. Get in contact to learn more.
Business tips: Using forecasting to help your decision-making
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Business tips: Using forecasting to help your decision-making

A crystal ball would be handy in business. Good-quality forecasting can be just as useful, giving you an informed view of the future of your business and finances. #forecasting #business
Understanding Your Balance Sheet
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Understanding Your Balance Sheet

Are you confident in understanding the financial snapshot of your balance sheet? Book a session now to analyse your reports with an experienced business advisor.
Keeping your business cash liquid – the difference between cashflow and profit
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Keeping your business cash liquid – the difference between cashflow and profit

Do you know the difference between profits and cash flow? We’ll help you understand why cash is king and how to improve your cash flow management AND profitability #businessadvice #cashflow
Business tips: Getting in control of your spending
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Business tips: Getting in control of your spending

A few simple steps can help to cut down your business expenses. We’ll help you spot the areas where costs can be cut and use the latest tech to manage the numbers. #businessadvice #startup #entrepreneur #SmallBusiness
5 quicks wins for a greener business
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5 quicks wins for a greener business

How green is your business? You’ve got to be sustainable if you want to keep up with changing consumer trends – so here are 5 quick ways to get started.
FBT Return Time
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FBT Return Time

The 2022 Fringe benefits tax (FBT) year ended on 31 March 2022, so it’s a good time to start considering what you need to do to lodge your business’ FBT return and pay FBT.
Superannuation guarantee penalties: What happens if your business doesn’t meet its employer obligations
TaxationSuperannuation

Superannuation guarantee penalties: What happens if your business doesn’t meet its employer obligations

If your business does not meet its superannuation guarantee (SG) obligations, it may have to pay additional penalties or charges on top of the superannuation guarantee charge (SGC).
Family Trusts
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Family Trusts

A ‘family trust’ (FT) for tax purposes is one whose trustee has made a valid family trust election (FTE). It is not sufficient to simply include the words ‘family trust’ in the trust’s name.
Director identification number: A unique way to i-DIN-tify yourself
BusinessPicture 1

Director identification number: A unique way to i-DIN-tify yourself

You may have heard or read about the new Director Identification Number (commonly referred to as DIN or Director ID – these terms seem to be quite interchangeable!).
SMSFs investing in crypto
TaxationCrypto Tax Ato Smsf

SMSFs investing in crypto

According to ASIC, there has been surge of promoters encouraging individuals to set up SMSFs in order to invest in crypto-assets.
Changes to the SME recovery loan scheme
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Changes to the SME recovery loan scheme

As the omicron wave hits large parts of the country, many small to medium businesses may be feeling the pain
Are crypto losses from scams tax deductible?
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Are crypto losses from scams tax deductible?

As investing in cryptocurrency becomes more popular in Australia, there is also a corresponding increase in the amount of scams being reported.
Save millions selling your business – CGT small business concessions
TaxationCgt Small Business Concession

Save millions selling your business – CGT small business concessions

You’ve worked hard for years, built your business but its now time to consider something else.
How much does it cost to start your own recruitment firm?
BusinessWorking Group Marigold

How much does it cost to start your own recruitment firm?

So you’re thinking of spreading your wings and starting up your own recruitment firm? Here's what is will cost you, in Australia, today...
Client lifetime value: How to work it out (with our tool)
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Client lifetime value: How to work it out (with our tool)

Understanding the profitability of professional services clients, such as in recruitment, can be tricky. We've explained it here with a free tool.
6 tax tips for Individuals
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6 tax tips for Individuals

Taxwise, not a lot has changed for individuals this year. We are seeing is a renewed focus by the ATO on outstanding tax returns and ensuring you have substantiation in place.
What you can learn from your Profit and Loss
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What you can learn from your Profit and Loss

You started your business for a whole range of reasons and making a profit was (hopefully) one of them. You measure how much you’re making with a Profit and Loss statement (or P&L for short).
8 1/2 year end tax tips
TaxationComputer Blue

8 1/2 year end tax tips

With 30 June fast approached, its time to have a little think about your year end tax position. Its been a relatively slow year for tax changes, with the new Labour government taking a cautious approach to much needed tax reform.
How much is your client worth?
CashflowTalk Yellow

How much is your client worth?

Customer lifetime value (CLV) is an essential metric for businesses to monitor growth. This article explores CLV and features a calculator tool.
Separating personal and business expenses
TaxationPhoto By Sincerely Media

Separating personal and business expenses

There are some things in life that go together well and others that definitely do not. Business and personal finances are in the category of items that should not be mixed.
The Personal Services Income Rules: A Quick Guide
TaxationPersonal Services Income

The Personal Services Income Rules: A Quick Guide

The Personal Services Income (PSI) rules are designed to prevent income produced through personal labour from being taxed at a lower rate than if it were in your own name.
Become more profitable using your accounting data
BusinessReruitment Accounting And Tax

Become more profitable using your accounting data

It shows small business owners how they can use their existing numbers to make their business more profitable and improve cashflow, simply and without complex calculations.
10 quick growth tips for your business
ProfitsCashflow

10 quick growth tips for your business

Small businesses can grow in prosperous times as well as periods of difficulty – which we’ve seen some incredible examples of that in 2020 alone!
Establishing a New Business: What is the Right Structure for Me?
BusinessCorridoor Marigold

Establishing a New Business: What is the Right Structure for Me?

Helping our clients the right structure for a new business is not a strange thing to do a few times a week. As often as it comes up, the answer is never the same.
A simple way to control costs
ProfitsPhoto By Fabian Blank

A simple way to control costs

Running your own business is exciting and challenging and that’s before you start thinking about making a profit.
Are these 5 accounting mistakes costing you money?
CashflowJd Scott & Co

Are these 5 accounting mistakes costing you money?

These 5 accounting mistakes might be costing you money. Effective financial management is key to your success but many of us find that lack of knowledge, frustration and...
How much to sell for? Calculate your break-even point
ProfitsPhoto By Felix Mittermeier

How much to sell for? Calculate your break-even point

How much should you charge for your products or services? There are many factors to consider, from competitor pricing, target market and your cost to deliver.
What is a Family Trust Election?
TaxationFamily Trust Election

What is a Family Trust Election?

When it comes to managing your financial and tax affairs, most people know that trusts can be a useful tool. However the tax treatment of trusts can be very complex.
What is Fringe Benefits Tax?
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What is Fringe Benefits Tax?

What is Fringe Benefit Tax (FBT)? Research shows that employee benefits can be a great way to attract, motivate and retain employees.
Keeping up to date with tax payments
CashflowPicture1

Keeping up to date with tax payments

Not keeping up to date with tax payments is one of the biggest causes of business failures. It’s an easy trap to fall into.
How a cash flow forecast helps you succeed
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How a cash flow forecast helps you succeed

Managing cash flow is a vital part of running a successful business. Some business owners think managing cash flow simply means keeping track of how much money enters...
Three ways to speed up invoicing
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Three ways to speed up invoicing

Everyone likes making money, especially small business owners. Invoicing however, is typically one of the tasks that small business owners like the least.
Summary of Profits First by Mike Michalowicz
BusinessProfit First By Mike Mochalowicz

Summary of Profits First by Mike Michalowicz

Many people who are would-be business owners think that one set of principles apply to personal finance and a whole other set of rules come into play when you’re dealing with a business.
Registering your business
TaxationPhoto By Dimitris Lamproulis

Registering your business

Don’t know your ABN from your TFNs? This quick guide will help you through the terminology and to work out which of the more common business registrations you need.
Adjustments to Employee Eligibility for JobKeeper
TaxationPhoto By Jack Leonardis

Adjustments to Employee Eligibility for JobKeeper

The ATO has released further guidance on the recent changes to the JobKeeper scheme in relation to the timing of an eligible employee.
JobKeeper Extension Bill
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JobKeeper Extension Bill

The JobKeeper Payments Amendment Bill was introduced in the House of Representatives on Wednesday 26th August.
Year end tax planning 2022
TaxationPhoto By Hassan Pasha

Year end tax planning 2022

Like Christmas, Tax Time is almost here again! Here are a few steps you can take in order to prepare for year end.
3 simple steps to secure your cashflow
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3 simple steps to secure your cashflow

Cashflow is the lifeblood of your business. If it stops flowing, your business dies. Successful cashflow management means balancing the needs to your investors, customers, staff and suppliers.
One step to never miss a tax payment again
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One step to never miss a tax payment again

A simple way of ensuring you never miss a tax payment again.
Starting a Microbrewery: How to Start a Craft Brew Business in Australia
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Starting a Microbrewery: How to Start a Craft Brew Business in Australia

Australian support and awareness for craft brews is at historically-high rates. This is lucky news for aspiring microbrewery owners
When is my coffee tax deductible?
TaxationWhen is your coffee tax deductible?

When is my coffee tax deductible?

It seems great that you’ve now got your new business. Everything with an invoice must be tax deductible, right?
How to gross up a dividend
TaxationHero Revised

How to gross up a dividend

Dividend franking and tax can get a little confusing, especially when dealing with partially franked dividends
Cover Genius
Success StoriesCover Genius

Cover Genius

A rapidly growing insuretech
Hello Health
Success StoriesHello Health

Hello Health

Hello Health Group is the leading healthcare knowledge and services ecosystem in emerging Asia, operating 10 platforms across 9 markets
Axi Financial
Success StoriesAxi Financial

Axi Financial

Axi is a global online trading company that provides market access to various financial instruments including Forex, Indices, Commodities and cryptocurrencies. 
Grow Financial
Success StoriesGrow Financial

Grow Financial

Grow Finance is a leading lending partner for SME businesses that are looking to grow, manage cash flow...
Secure Code Warrior
Success StoriesSecure Code Warrior

Secure Code Warrior

A leading provider of security training for software developers
L’Occitane Australia
Success StoriesL’Occitane Australia

L’Occitane Australia

L'Occitane en Provence, "the Occitan woman," commonly known as L'Occitane, is a French luxury retailer of...
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