Add Value at Tax Planning Time
The months of May and June are always busy times in the world of tax and accounting. Not only are we finishing the last of our tax returns for the 2018 financial year, but we are tax planning with clients for the 2019 tax year.
Taxing times as voters weigh up election options
On Saturday, May 18, Australians will vote to choose the our next Federal Government. At every Federal poll there are many different candidates with many different policies – but ultimately all policies need to be paid for – and the vast majority of that money comes from taxes collected by the ATO. This election contains […]
What Should You Be Doing To Get Ahead While Interest Rates Are Low?
In the last blog in this series, we looked at the difference you can make to the cost of your mortgage by ensuring that you’re not paying over the odds on rate, as well as some of the complexities around rate that need to be considered when refinancing. Here I’m looking at how you can […]
Instant Asset Tax Write Off Increased to $30, 000 — Effective Now
Tax planning opportunity via asset write-off increase The biggest potential tax bonus for small business in the 2019 Federal Budget was the announcement that the instant asset write-off had been increased and offered to more businesses. The instant asset write-off threshold for small businesses (with an aggregated turnover of less than $10m) will be increased […]
Affinitas Hails A New Service Champion
At Affinitas, it has never been our goal for clients to be merely satisfied with our service. We want them to be AMAZED with what we offer, BLOWN AWAY with how we offer it and RAVING FANS of the overall experience of being an Affinitas client. To underline our commitment to this ethos, Affinitas has […]
How Does Depreciation Add Value To A Rental Property?
Professionally prepared depreciation schedules are one of the keys to getting the best from your investment property tax benefits. Many clients initially baulk when we suggest they spend the money to get a depreciation report prepared – but in most cases they pay for themselves many times over during the life of your investment property, […]
Who Are Total Water Services?
Last week, Brad sat down with the team at Darren, Peter, and Craig from Total Water Services to chat about how we work with them to deliver effective, explained accounting. We help them understand their numbers and make sure they know exactly how their business growing. Find the transcript for this interview below: — Brad: […]
How To Avoid Superannuation Troubles As An Employer
It’s official and serious! New laws introducing penalties, including imprisonment up to 12 months, for non-compliance of superannuation guarantee obligations have been passed. Earlier this month, Jotham Lian, in the Accountants Daily newsletter, reported that new legislation now allows the ATO commissioner to issue a direction to an employer to pay an outstanding super guarantee […]
How You Could Save Money Outsourcing Your Accounting
As your business grows, one of the most important areas will be your accounting and finance team. Although hiring an in-house accountant is a common choice, it may not be the best option for your company. This is especially true when you consider that technology now allows many tasks to be done remotely, at any […]
Nailing the Big Picture – Remember Why You’re In Business
You can set up your plumbing business, get the marketing going, and be managing cashflow well… but why? Why did you set up your own business, rather than work for someone else on wages? Are you achieving (or are you on track to achieve) the expected benefits of being a business owner? The following are […]
