It is vital to keep good records for all your transactions with cryptocurrency, whether you are using cryptocurrency as an investment, for personal use or in business. You need to keep the following records in relation to your cryptocurrency transactions: the date of the transactions the value of the cryptocurrency in Australian dollars at the […]
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DON’T GET BURNED BY A PHOENIX
Don’t get burned by a phoenix! Most people know someone who’s been affected by a dodgy business that has shut down to avoid paying its debts. The business may seem to disappear, only to pop up under a different company name without any debt. This is called Phoenixing and it’s illegal. Here are 5 red […]
2022 – 2023 Federal Budget
The 2022-23 Federal Budget, delivered by Treasurer Josh Frydenberg last night, has focused on innovation, creating more jobs, stimulating the economy, and reacting to the rising cost of living. The Government has announced some exciting measures such as additional deductions for small and medium businesses with annual turnover of less than $50m, great opportunities for […]
CAPITAL GAINS TAX – EXPLAINED
Property is a hot topic right now, with many people vying to invest in property, or even purchase their first home. We sat down with our Director, Katrina Purcell, to give us the basics on what Capital Gains Tax is, and how it affects us come tax time. What is Capital Gains Tax? Capital Gains […]
Cryptocurrency and Australian Taxes
You’ve likely heard on the news (or let’s face it, through the young ones at the office!) the term Cryptocurrency. You may have even dipped your toe into the digital currency or be a fully fledged investor, but are you up-to-date with what happens come tax time? We sat down with Director Andrew Catlow to […]
TAX & MARRIAGE – WHAT YOU NEED TO KNOW.
Getting married can be a very exciting time in your life, but buried deep below the excitement of popping the question, testing out cakes and choosing a honeymoon location is the technical, read: financial, side of things. Our Director Ian (married for quite a few years – so he knows his stuff) gives us the […]
STAY PROTECTED AGAINST COMMON TAX SCAMS
With Government restrictions forcing many Australians to continue working from home, we’ve seen an increase in the sophistication of scams and fraudulent invoicing. Here’s a few scamming trends to be on the lookout for and how you can protect both your business and personal information from falling prey. With the advancement in technology, scams are […]
TAX TIPS FOR STARTING YOUR SIDE HUSTLE
Starting a new business but unsure of where to start? Whether you work a side hustle, have started making some extra income from your hobby or have just crossed over into full-time self-employment, things can be overwhelming to say the least! We sat down with one of our Directors, Pam Badke, to help wrap your head […]
Small Business New Year’s Resolutions
As we tick over our calendar to the New Year it’s the opportune time to assess your business finances. We have put together three small business accountancy New Year’s resolutions to help you achieve success this 2022. A commitment to keeping track of expenses Keeping track of expenses as a small business owner can prove […]
Tips for Small Business Owners Preparing for Christmas
Christmas can be one of the most profitable times of year for your business, and choosing to close over the festive period can be stressful. We have put together a few things to keep in mind when preparing your business and employees for the end of year rush. Understand your staffing needs Are you remaining […]