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.
Oprah Winfrey once said “Surround yourself with only people who are going to lift you higher”. If Oprah said it, it must be true. Great people help to create great businesses. Over the years, I’ve learnt not to do things alone.
It’s BAS time and I thought I would share with you my BAS preparation process in the hope that it might help yours become more streamlined and less chaotic. Everyone does things differently, so there is certainly no wrong or right way.