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Excel Cashbook - 2024 Tax Year

Recommended for Sole Traders ONLY who are

-Not registered for GST
-Not employing staff

... read more

( Posted in: Sole traders )
( Posted in: Financial Planning )

March 2024

Topics Include

  • Stage 3 Tax Cuts
  • R&D Claims
  • Business Growth & Profits
  • Debt Recovery
  • Spam Act
( Posted in: Newsletters )

Sole Trader - complete guide

  • Asset Protection
  • Income
  • Expenses
  • Tax
  • GST
  • Buying a business
  • Selling a business
  • Other
... read more

( Posted in: Coming Soon )

Starting a new business

Xero Toolkit

  • Research
  • Setup
  • Finding & selling to customers
  • Getting paid & paying others
  • Business accounting 101
  • Xero free trial
... read more

( Posted in: Coming Soon )

GST & BAS - Quick Guide

GST & BAS - Quick Guide

prepared by Xero

( Posted in: GST & BAS )

Software Options

  • Xero (recommended)
  • MYOB Account right / Essentials
  • Quickbooks Online
  • Excel
... read more

( Posted in: Sole traders )

Excel Cashbook - 2025 Tax Year

Recommended for Sole Traders ONLY who are:

-Not registered for GST
-Not employing staff

... read more

( Posted in: Sole traders )

Paying Workers

If you are paying workers follow these steps

... read more

( Posted in: Paying workers )

2023 Individual Tax Return Checklist

Our tax return checklist. will assist you in preparing your tax return & getting your maximum refund

( Posted in: Individuals - Tax Time )

December 2023

Topics Include

  • Fighting Inflation
  • Business Structures
  • I am making a profit so where has the cash gone
  • Work Christmas parties & FBT
  • Directors & cyber security
( Posted in: Newsletters )

Company or Trust?

Coming Soon

( Posted in: Coming Soon )

Christmas Trading Hours

Please note that our office will be closed from Wednesday 20th December 2023 until Tuesday 9th January 2024

Wishing you and your family a Merry Christmas & safe and Happy New Year

 

( Posted in: General )

Log Book

Claiming car expenses using the Log Book method

... read more

( Posted in: Cars / Motor Vehicles )

Making Appointments

There are 3 appointment options:

Option 1 - Face to face appointment

Option 2 - Phone appointment

Option 3 - You can email your info / documents through – we’ll draft it and email you with our questions

Sole trader / contractor tax returns are more involved and many of them cannot be completed on the spot - for these tax returns you'll need to choose Option 3

If you have a Xero, MYOB, Quickbooks or other bookkeeping file you'll need to invite us into your file

We'll also need a bank statement @ 30 June so we can check the balance against your bookkeeping file

... read more

( Posted in: Individuals - Tax Time )

September 2023

Topics Include

  • Contractor Payments (TPAR)
  • Trade Marks
  • Selling your business
... read more

( Posted in: Newsletters )

Tax Return Process - Business Clients

Steps we follow to prepare your business tax return

... read more

( Posted in: Business )

BAS due dates

You MUST lodge your BAS by the following due dates

... read more

( Posted in: GST & BAS )

June 2023

Topics Include

  • The 2023-24 Federal Budget Highlights for Individuals, Small & Medium Business, and Superannation
  • 2023 Year End Tax Planning Guide
  • 2023-2024 Tax Return Checklist

 

... read more

( Posted in: Newsletters )

Is it worth paying my HECS early?

CPI is applied to HECS debts on 1 June each year. The 2023 CPI is 7.1% so consider paying out part or all of your HECS debt before CPI is applied.

Make payment early to ensure the payment is applied to your HECS debt before 1 June

... read more

( Posted in: Q&A - Individuals )

2023 Australian Federal Budget for SMEs

-Individuals
-Small and medium businesses (SME)
-Superannuation
-Administration

( Posted in: General )

Sole Trader - What deductions can I claim?

Small Business Entities (SBE) can generally claim everything they spend on the business, except expenses which of a private or capital nature

... read more

( Posted in: Sole traders )

Small Business Technology Investment Boost and Small Business Skills and Training Boost (ends 30/06/2023)

Small Business Technology Investment Boost and Small Business Skills and Training Boost (ends 30/06/2023)

... read more

( Posted in: Business )

March 2023

  • Why Is Your Business Under Performing?
  • Propsed Amendments to Superannuation Tax Concessions
  • Changes to Claiming Home Office Expenses
  • Looking to Grow Your Business (And Quick?)

 

... read more

( Posted in: Newsletters )

Business - new car purchase

I am a business owner & I am new to claiming car expenses

... read more

( Posted in: Cars / Motor Vehicles )

Additional tax on concessional contributions (Division 293) – for individuals

Division 293 tax is an additional tax on super contributions, which reduces the tax concession for individuals whose combined income and contributions are greater than the Division 293 threshold.

... read more

( Posted in: Individuals )

First Home Buyers Seminar

All you need to know about deposits, borrowing capacities and government incentives

... read more

( Posted in: General )

Changing from a Sole Trader to a Company or Trust

My business has grown and I think its time to change to a Company

... read more

( Posted in: Sole traders )

Do I need to lodge a tax return

Do I need to lodge a tax return - 2022

... read more

( Posted in: Coming Soon )

December 2022

  • 4 Myths of Starting a Business
  • Company Director ID Deadline Extended to 14 Dec
  • ATO Identify 3 Primary Targets for Individual Taxpayers
  • ATO is Watching the Cash Economy
  • ATO Fines to Increase
  • Expansion on Single Touch Payroll Phase 2
  • Hello 2023 - is it Time for a Business Health Check?
... read more

( Posted in: Newsletters )

2022 Christmas Holidays

Our office will close on  Wednesday 21st December 2022 and will re-open on Monday 9th January 2023

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 2023!

( Posted in: General )

ATO warning re scams – “what we never do”

The ATO has again encouraged businesses and individuals to brush up on their knowledge of tax and superannuation scams – and that they know what to look out for. In this regard, the ATO states that here are a few things it never does:

... read more

( Posted in: Scam Alert )

Do I need to register for GST?

You must register for GST once your sales turnover reaches $75,000 (see below - working out your turnover)

You can voluntarily register for GST if your sales are under $75,000 – business owners choose to register so their business appears bigger than it is or to claim back GST on a large purchase

You must register for GST when you provide taxi or limousine travel for passengers (including ride-sourcing) regardless of your GST turnover – this applies to both owner drivers and if you lease or rent a taxi

... read more

( Posted in: GST & BAS )

VCAT ABA forms

Do you need help preparing the VCAT Account by Administrator (ABA) form?

If so we can help

Prices start from $880

... read more

( Posted in: General )

Sale of Rental Property checklist

Use this checklist to provide all of the necessary information to us to calculate the capital gain on the sale of your taxable property

( Posted in: Individuals )

Save tax by contributing extra $ into super

Did you know that you can save tax by contributing  additional $ into super. Conditions Apply

... read more

( Posted in: Superannuation )

September 2022

  • Thinking of starting a Business?
  • ATO is Watching the Cash Economy
  • The Importance and Management of Google Reviews
  • What you Need to Know Before you set up a SMSF
  • To Prune or not to Prune?
  • Important Changes from 1 July, 2022
... read more

( Posted in: Newsletters )

Scam Alert

Warning - Scam! Delete immediately!

You have an outstanding refund from MyGov.

... read more

( Posted in: Scam Alert )

Bookkeeping Services

Arrow Bookkeeping is our in-house bookkeeper

... read more

( Posted in: Business )

Motor Vehicle Expenses

ATO Information

( Posted in: Partnerships )

ATO Tax Time Information - Home Office Expenses (D5)

-Running expenses

-Occupancy expenses

-Phone and internet

( Posted in: Individuals )