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Cloud Accounting

Cloud Accounting

Cloud Accounting is dramatically simplifying bookkeeping and accounting. It provides greater efficiency and meaningful information to you when and where you need it.

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Accounting & Tax

Accounting & Tax

Taxation law in Australia is complex and our GST tax system places enormous  pressure on compliance and lodgement deadlines.

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Business Establishment

Business Establishment

Establishing your own business can be a fantastic way to help achieve your goals or creating wealth, flexibility and the ability to undertake the work you want to.

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GST

GST

GST compliance is a burden that many business owners struggle to comply with along with all the other activities in managing their business.

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Land Tax

Land Tax

For many investors Land Tax is becoming a burden where the land tax bills that they are receiving are reducing the incentive of investing in property.

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Latest News & Articles

SMSF - Using dividend franking credits

By investing in fully franked Australian shares, SMSF (Self Managed Superannuation Fund) trustees can significantly reduce the amount of tax payable by their fund.

This is because these shares are issued with a franking credit, also known as an imputation credit, which can be used to offset the tax payable by the SMSF. Read more...

Claiming personal technology as a tax deduction

As personal technology devices such as laptops, smartphones and tablets, are becoming increasingly prevalent, the ATO will be focusing its attention on individuals claiming tech items as work-related tax deductions. Read more...

Growing your business (Part 6)

The sixth strategy in this business growth series is all about “margin”.

In the previous four articles of this series we have covered: 

  1. Increasing Customers and Clients
  2. Increasing Transaction Frequency
  3. Increasing the Transaction Value
  4. Effectiveness of the Sales Process
  5. Making things Flow (Run Smoothly)

In the next two articles we will consider how to increase the margin that you make on sales and the dramatic affect it has on your bottom line … and I am not just referring to business that sell actual products! Read more...

Building Industry — Taxable Payments Reporting

Once again it is year end and businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year.

Background

As part of the 2011-12 Federal Budget, the government announced the introduction of taxable payments reporting for businesses in the building and construction industry. This was introduced to improve compliance with tax obligations by those contractors who are currently not doing the right thing. There is no doubt the ATO will increase audit activity in this industry.

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Utes, Vans and Fringe Benefits Tax

Did you know that your Ute, or Van may be subject to Fringe Benefits Tax?

Firstly what is Fringe Benefits Tax (“FBT”)

FBT is a tax that is payable on certain benefits that you either give or pay your employees and associates (ie wife or partner).  This encompasses many things but today I am just going to look at vehicles. 

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