It’s time to be bold, it’s time to be brave and it’s time to be savvy when it comes to your new financial year business goals. One of the key things you can do to succeed in the new financial year is to be organised from the outset, and make plans on how you want […]
Tax compliance is one of the biggest burdens small businesses face – it goes with the territory, but can you lessen the load? It’s a necessary evil, as the day you decide to start your own business is the same day that you sign up to meet a number of obligations with various government […]
While I’m working out what a client’s possible tax bill will be, I also take the opportunity to help my client budget for the year ahead. I previously touched on using a client’s Profit and Loss Statement to work out their tax bill – but you can also help your client plan for the […]
So many small businesses mistakenly assume that FBT is just for big businesses. Sure, the ATO hit these businesses hard when they entertain in their corporate boxes or when they reward their staff with big Christmas bashes at swanky restaurants. But equally they hit any business that provide their staff and associates with fringe benefits […]
With just three months left of the 2017 financial year, it’s time to start preparing for the dash to the finish line. By now you should have had your 2015/2016 financial statements and tax return prepared. If not, then that needs to be your priority.