Blog Feed

Christmas Holidays

Our office will close on  Friday 17 December 2021 and will re-open on Monday 10 January 2022.

We would like to take this opportunity to thank you for your support and to wish you and your family a safe and Merry Christmas, a Happy New Year and a prosperous 2022! 

 

 

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( Posted in: General )

Bookkeeping software

We recommend Xero (for most clients)

Other common bookkeeping software includes

  • MYOB
  • Quickbooks
  • Reckon
  • Sassu
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( Posted in: Computer & Software )

Bookkeeping

Our in-house bookkeeper, Arrow Bookkeeping, offers the following services

  • Bookkeeping
  • BAS lodgement
  • Wages
  • Payroll Tax
  • Work Cover
  • Training
  • Support
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( Posted in: Business )

Employee OR Contractor

Take care when employing contractors as they may actually be employees in the eyes of the ATO.

Work cover, payroll tax and super may also be payable - you will need to refer to the relevant authority's website for further information

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( Posted in: Employing workers )

ATO Super Rules

For employers

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( Posted in: Superannuation )

Mental Health

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( Posted in: Business )

How much super do you need

How much super do you need to retire depends on the lifestyle you want

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( Posted in: Superannuation )

Employing workers

Links

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( Posted in: Employing workers )

Starting a business

Make a free 30min no obligation appointment with us

Here are some useful links

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( Posted in: Starting a business )

Business Victoria

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( Posted in: Links )

Fair Work Ombudsman

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( Posted in: Links )

Payroll Tax (Vic)

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( Posted in: Links )

Work Cover (Vic)

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( Posted in: Links )

Australian Taxation Office

ATO Links

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( Posted in: Links )

ATO Tax Time Information - Record Keeping Rules

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( Posted in: Individuals )

ATO Tax Time Information - Employees working from home during COVID-19

Running Expenses

-fixed rate method

-actual expenses

-short-cut method (COVID-19 only)

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( Posted in: Individuals )

ATO Tax Time Information - Self-education Expenses

General expenses eg course fees and books

Depreciating assets eg laptop

Car expenses

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( Posted in: Individuals )

ATO Tax Time Information - Clothing & Laundry Deductions

Occupation specific

Protective

Compulsory uniform

Non-compulsory uniform (registered with AusIndustry)

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( Posted in: Individuals )

ATO Tax Time Information - Travel Expenses

Tolls

Parking

Motor vehicles (other than cars)

Local travel

Overseas travel

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( Posted in: Individuals )

ATO Tax Time Information - Car Expenses

Log book method

Cents per kilometer method

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( Posted in: Individuals )

December 2021

  • The Key Ingredients for Business Success (part 2)
  • Government Locks in Director ID Deadline
  • Preparing to Sell Your Business
  • ATO's New Stapled Super Fund Rules
  • Why Do New Businesses Fail?
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( Posted in: Newsletters )

Director ID (NEW)

A unique 15-digit identifier given to a director which will be kept forever. It will help to prevent the use of false or fraudulent director identities

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( Posted in: Company )

Why Use A Tax Agent

Tax Agents will help you to minimise your tax and their fee is tax deductible

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( Posted in: Individuals )

September 2021

  • The Key Ingredients for Business Success
  • COVID-19 Grants & Subsidies
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( Posted in: Newsletters )

2021 Individual Tax Return Checklist

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( Posted in: Individuals )

June 2021

  • 2021 budget highlights
  • Year end tax planning
  • Superannuation and tax planning
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( Posted in: Newsletters )

March 2021

  • Planning for a pandemic
  • Coronavirus vaccine rollout
  • What drives business growth and profits
  • Ways to grow your business
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( Posted in: Newsletters )

December 2020

  • Is it the right time to start a business
  • Jobkeeper scam
  • 2020-21 federal budget summary
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( Posted in: Newsletters )

September 2020

  • Marketing in preparation for a post-pandemic world
  • Closing a business
  • Jobkeeper extension
  • Business lessons from a pandemic
  • Car expense & home office claims
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( Posted in: Newsletters )

June 2020

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( Posted in: Newsletters )

March 2020

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( Posted in: Newsletters )

December 2019

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( Posted in: Newsletters )

September 2019

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( Posted in: Newsletters )

June 2019

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( Posted in: Newsletters )

March 2019

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( Posted in: Newsletters )

December 2018

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( Posted in: Newsletters )

September 2018

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( Posted in: Newsletters )

2021 Individual Tax Return Checklist - Teachers

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( Posted in: Individuals )

The 5 Phases of Buying a Business

The 5 Phases of Buying a Business

If you’re thinking of buying a business, you need to understand that it is a process. Basically, there are five stages or phases. Read our blog on what these stages/phases are.

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( Posted in: Category )

Ways to Grow Your Business - Your Ideal Type of Customer

Ways to Grow Your Business - Your Ideal Type of Customer

Everyone wants to grow their business but sadly there’s no simple formula that guarantees growth. In fact, no amount of enthusiasm, passion, hard work or talent can guarantee business growth.

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( Posted in: Category )

What Drives Your Business Growth and Profits?

What Drives Your Business Growth and Profits?

Every business owner wants to grow their business and their profits. While there’s no secret formula or recipe, the fact is, business growth and improved profitability are outcomes achieved as a result of processes including marketing, your expertise, customer service and your team’s performance.

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( Posted in: Category )

ATO Scammer warning

ATO Scammer warning

The ATO has warned there are two main scripts the scammers are currently using.

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( Posted in: Category )

Coronavirus Vaccine Rollout

Here’s What Business Owners Need to Know About Australia’s Rollout of the Coronavirus Vaccine.

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( Posted in: Category )

Planning for a Pandemic

There is an old saying, ‘The most fertile source of insight is hindsight’. That being the case, what can business owners learn from the COVID-19 pandemic? 

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( Posted in: Category )