Top 10 New Year Resolutions for Small Businesses
Every New Year provides the opportunity for a fresh start – and this is especially true for a small business owner. Most small business people get to take at least some time off during December and January to recharge their batteries. So what are the New Year business resolutions that could turn 2019 into a […]
Top 10 Tips for Turning a Festive Season Profit
For many, Christmas is known as The Season To Be Spending. But with a bit of forethought, you can often turn things around and earn some extra cash over the holiday season. For individuals and families, there are quite a few alternatives that could be considered. Renting Out Your Home Christmas holidays is the time […]
Fringe Benefits Tax and the season to be jolly!
Don’t let Fringe Benefits Tax (FBT) become the Grinch that spoils Christmas for your organisation. If you are the person in charge of organising your work Christmas festivities, you need to make sure that they comply with current FBT guidelines. There is scope within the FBT rules to celebrate, but you need to know how […]
10 Tips To Help You Get Ahead Of Your Christmas Cashflow
Whether it’s finishing work, or attending social events, the lead up to the Christmas holidays each year is a busy time. But amongst the whirl of work projects and parties, it’s worthwhile taking time out to think about your business cashflow over the Christmas/New Year period. If you are in a business which traditionally has […]
What Happens To My Tax Return After October 31?
If you still haven’t lodged your 2018 tax return, don’t despair – you still have options available. The government’s MyTax service is still operational if you wish to self prepare your return. But you are officially late if you use this service. The ATO suggests that you contact them to discuss your reasons for being […]
10 Most Commonly Asked Questions During Tax Season
The vast majority of individual taxpayers in Australia complete and lodge their income tax returns each year between 1 July and 31 October. In the world of tax and accounting, this four month period is often referred to as tax season. While most taxpayers who lodge through registered tax agents have deadlines that stretch well […]
More On Building A Better Budget
Our blog on How To Avoid The Budget Blues attracted a lot of interest. This is an encouraging response. It’s obvious that many people realise just how important completing – and monitoring – a budget is as part of an overall business and financial plan. For those who are about to tackle or revisit their budgets, […]
How To Avoid The Budget Blues
A budget is the basic building block of every financial plan. Whether you are a business, individual employee, investor or a family – you need to now how much income you earn, plus the expenses and other priorities that need to be covered. Incomings that exceed outgoings provide surplus cash for saving or reducing debt. […]
Take Financial Stock Before Cancelling Policies
Comment by Brad Peters BA, MBA, FCPA (FPS) Senior Adviser and Director – Affinitas Financial Planning The recent Haynes Royal Commission is to be commended for highlighting some concerning things that have been occurring in the banking, financial planning and insurance industries. But in the midst of all the negative reports, try not to lose […]
Can I Claim Travel Tax Deductions For A Holiday?
There is often a lot of confusion surrounding travel costs and whether or not they are deductible on a tax return. Some clients believe a particular form of travel is deductible when it is not allowable. Others do not realise that they have travel expenses that could be claimed. There are many twists and turns […]
