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!
... read more
Bookkeeping software
We recommend Xero (for most clients)
Other common bookkeeping software includes
- MYOB
- Quickbooks
- Reckon
- Sassu
Bookkeeping
Our in-house bookkeeper, Arrow Bookkeeping, offers the following services
- Bookkeeping
- BAS lodgement
- Wages
- Payroll Tax
- Work Cover
- Training
- Support
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
... read moreHow much super do you need
How much super do you need to retire depends on the lifestyle you want
... read moreStarting a business
Make a free 30min no obligation appointment with us
Here are some useful links
... read moreATO Tax Time Information - Record Keeping Rules
ATO Tax Time Information - Employees working from home during COVID-19
Running Expenses
-fixed rate method
-actual expenses
-short-cut method (COVID-19 only)
... read moreATO Tax Time Information - Self-education Expenses
General expenses eg course fees and books
Depreciating assets eg laptop
Car expenses
... read moreATO Tax Time Information - Clothing & Laundry Deductions
Occupation specific
Protective
Compulsory uniform
Non-compulsory uniform (registered with AusIndustry)
... read moreATO Tax Time Information - Travel Expenses
Tolls
Parking
Motor vehicles (other than cars)
Local travel
Overseas travel
... read moreATO Tax Time Information - Car Expenses
Log book method
Cents per kilometer method
... read moreDecember 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?
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
... read moreWhy Use A Tax Agent
Tax Agents will help you to minimise your tax and their fee is tax deductible
... read moreSeptember 2021
- The Key Ingredients for Business Success
- COVID-19 Grants & Subsidies
2021 Individual Tax Return Checklist
June 2021
- 2021 budget highlights
- Year end tax planning
- Superannuation and tax planning
March 2021
- Planning for a pandemic
- Coronavirus vaccine rollout
- What drives business growth and profits
- Ways to grow your business
December 2020
- Is it the right time to start a business
- Jobkeeper scam
- 2020-21 federal budget summary
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
2021 Individual Tax Return Checklist - Teachers
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.
... read moreWays 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.
... read moreWhat 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.
... read moreATO Scammer warning
The ATO has warned there are two main scripts the scammers are currently using.
... read moreCoronavirus Vaccine Rollout
Here’s What Business Owners Need to Know About Australia’s Rollout of the Coronavirus Vaccine.
... read morePlanning 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?
... read more