Tips for Rental Property Owners at Tax Time
Owning rental property can be a lucrative investment, but when it comes to tax time, many property owners make avoidable mistakes that can cost them money or lead to complications with the Australian Taxation Office (ATO). To ensure you're on top of your tax...
The Importance of Good Bookkeeping for Your Business
Whether you're running a small startup or managing a growing company, good bookkeeping is essential to keeping your business on track. While it may not seem like the most exciting aspect of entrepreneurship, maintaining accurate financial records can make or break the...
Drive for Work? What Car Expenses You Can Claim
If you're using your car for work purposes, you may be eligible to claim certain car expenses on your tax return. However, it’s important to understand what qualifies as a legitimate work-related car expense and how to calculate it accurately to avoid issues with the...
Starting a Business? 6 Items to Consider
Starting a business can be an exciting venture, but it also comes with a number of important considerations. From choosing the right business structure to understanding your financial obligations, being prepared from the outset can make all the difference in ensuring...
Maintaining Work-Life Balance as a Business Owner
As a business owner, achieving work-life balance can often feel like an elusive goal. You’re constantly juggling responsibilities, from managing operations to addressing customer needs and growing your business. While it’s natural to be passionate and dedicated to...
What happened to my company’s profit?
It's a common occurrence for many of our business clients to observe a profit on their year-end Profit and Loss (P&L) statement. However, it's important to note that this profit may not directly correspond to the actual funds available in their bank account. This...
Small Business Tips for Saving Money in 2023/24
As a small business owner, we know your time is valuable, so we've done some reading for you! Here's a summary of how your business can benefit from the opportunities in the 2023/24 budget and some offered by the ATO. Small Business Asset Write-Off Starting...
ACCOUNTING FOR SUSTAINABILITY
We know running a small business is hard and when words like ‘green’, ‘eco-friendly’ and ‘ sustainable energy’ are thrown in it is just more to add to your growing to-do list. However you are probably already making a difference, conserving water and recycling it is...
When Illness Strikes a Business Owner – Thank God I Had a Stroke
Barbara Gabogrecan When we have a serious illness we seldom think that we are lucky. But in my case I had two serious health issues occur at the same time and I could honestly say ‘thank God I had a stroke’ because when I did, the Doctors also discovered that I had a...
Growing Your Business by Accident
by Dr Greg Chapman, MBA All businesses go through predictable changes throughout their lifecycle. From being a solo-preneur to having 20 or more people in the business. At each stage there is a step change in the way the business needs to be managed, and until these...
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