Maintaining accurate and organised financial records is vital for the success of any business. It will not only ensure you are compliant with legal requirements but will also help to monitor the financial health of your business, make informed decisions, and streamline your tax.
This time of year can often be stressful as the complexities and ever-changing regulations of lodging your tax can make the process seem overwhelming. In an effort to save time and money some people, particularly those who are at a younger age, may choose to take on the task of preparing their tax returns themselves. However, what might seem like a simple task can actually cause you quite a bit of trouble if executed incorrectly.
It can be easy to ignore emails and text messages from myGov, however we cannot stress enough just how crucial it is to pay attention to these alerts. These messages could contain vital information regarding outstanding lodgements or debts to the ATO.
We are proud to announce the acquisition of a new business, John Klobas Chartered Accountants.
Now that the 2023/23 Financial Year has begun, there are a number of key dates business owners need to be aware of. We have compiled a list of the most common dates however, this list is not exhaustive and there may be other deadlines you need to meet.
With the End of Financial Year only days away, it is crucial to understand what is eligible for deduction and what isn’t as this can help to avoid complications later on. Some business owners mistakenly believe that registering a business will grant them the ability to deduct any or all expenses. However, this is not the case.
With the End of Financial Year only days away, it is crucial to understand what is eligible for deduction and what isn’t as this can help to avoid complications later on. Some business owners mistakenly believe that registering a business will grant them the ability to deduct any or all expenses. However, this is not the case.
In an inflationary environment, businesses face increased costs. These costs may be things such as higher prices for raw materials, labour, and loan repayments. These increased costs are likely to put a strain on your budget. To manage costs effectively, business owners need to employ several strategies.
When interest rates are rising, it may seem counter intuitive to consider refinancing loans. However, there are several reasons why people should still evaluate refinancing options in such a scenario.
The federal government announced two significant measures regarding superannuation as part of the 2023-24 Federal Budget. Whilst these measures will not come into effect for several years, it is important to be aware to avoid any penalties once the measures commence.