Posts

Why FIFO Workers Should See a Financial Planner

April 19, 2024

FIFO work offers great reward, however, it comes at significant personal sacrifice and poses unique challenges to those who undertake it. If you’re a FIFO worker, it’s unlikely that you’ll … Read more

How a Financial Planner Can Help You Prepare For Kids

How a Financial Planner Can Help You Prepare For Kids

April 19, 2024

Having children is a significant life decision. Along with the joys of parenthood come many significant financial challenges. The expenses can quickly add up from the cost of food and … Read more

How to File a Tax Return When You Have Multiple Businesses

How to File a Tax Return When You Have Multiple Businesses

April 18, 2024

Navigating the realm of taxation can be a daunting task for any business owner, not to mention those operating multiple businesses. Regardless, lodging an accurate tax return is a legal … Read more

How to reduce your tax liability in real estate investment

How to Reduce Your Tax Liability in Real Estate Investment

April 18, 2024

When it comes to investing in real estate in Australia, the potential for profit is substantial. However, so too is your tax liability. Luckily, Australia’s taxation system provides myriad options … Read more

How To Improve Cashflow For Your Small Business

How to Improve Cash Flow for Your Small Business

April 18, 2024

As a small business owner, managing cash flow is essential to the success of your business. Proper cash flow management ensures that your business can meet its financial obligations and … Read more

How to Take Advantage of Tax Benefits in Retirement Planning

September 4, 2023

Retirement planning is a crucial part of ensuring an individual’s future financial security. However, many people are unaware of the tax benefits that can be obtained by making the right … Read more

Exploring Tax-Advantaged Investment Options

August 31, 2023

In today’s economic climate, a variety of investors are looking for ways to get the biggest return out of their money while avoiding high-risk investments. It can often be difficult … Read more

Top Reasons Why Startups Fail and How to Avoid Them

August 30, 2023

As an entrepreneur, starting a new business can be overwhelming and exciting at the same time. Starting a business can open many doors; however, there are also risks involved. Unfortunately, … Read more

The Pros and Cons of Tax Shelters and Offshore Accounts

August 30, 2023

Tax shelters and offshore accounts have become increasingly popular ways of protecting wealth from taxation and creating a more secure financial future. As the years go by, they have become … Read more

Must-Know Guide To Filing Tax Returns for the Self-Employed

May 18, 2023

Filing tax returns as a self-employed individual can be a daunting prospect. Many of the obligations and requirements are different from those of the employed, so it is important to … Read more

What Does “Balancing Account” Mean When Submitting an ATO Tax Return?

April 21, 2023

Tax season can be a stressful time for many Australians. One of the most common questions individuals and businesses face when filing a tax return with the Australian Taxation Office … Read more

Reasons Why Your Tax Refund Was Cancelled

February 8, 2023

Australia’s tax system is complex, and while most people often expect to receive a tax refund, some may find that their refund has been cancelled. This can be a major … Read more

What Tax Deductions Do Tradies Qualify For?

February 8, 2023

Running your business as a tradie can be a lucrative way to earn a living. But it can also be a bit of a headache when it comes to tax … Read more

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How Do You Calculate the Valuation of a Small Business?

November 3, 2022

The valuation of a small business refers to the process of determining the fair market value of the business, which is the price that a willing buyer would pay for … Read more

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How Does an Accountant Help a Small Business?

October 31, 2022

When you start off on your own venture, there are a lot of aspects you might want to tackle on your own. You want to be in control of all … Read more

Closeup shot of an unrecognisable businesswoman calculating finances in an office

Changes To Payroll from 01st July 2022

October 31, 2022

Payroll management is essential for businesses as it ensures that employees are paid accurately and on time. It also prevents payroll fraud, which can be costly for companies. Effective payroll … Read more

The Effects Of The Budget On Australians

October 31, 2022

This year’s Australian budget reflects a stronger economy as Australia has shown a remarkable economic recovery following the pandemic. More Australians in the workforce and fewer on welfare have led … Read more

6 Factors to Consider When Choosing a Tax Accountant

June 1, 2022

Business owners and individuals hire tax accountants to ensure the accuracy of their financial documents and compliance with laws and regulations. A tax accountant can also help you maximise your … Read more

5 Benefits of Using a Personal Tax Accountant

May 25, 2022

Many of us who are not an expert or an accountant find tax returns to be a complex, arduous, and possibly boring business. No wonder more than 70% of people … Read more

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Importance of a Professional Business Advice Service for Your Perth Business

March 3, 2022

Importance of a Professional Business Advice Service for Your Perth Business There are several challenges in growing a business, including planning ahead, keeping up with the market, financial management and … Read more

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5 Tax Tips for Different Income Brackets

January 27, 2022

If you do not assess your current financial situation, you are more likely to pay unnecessary taxes. Irrespective of your income bracket, you can make some adjustments to protect your … Read more

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5 Tips for Finding a Business Advisor in Perth

October 19, 2021

It takes time to grow a successful business. It is even hard for business owners to manage their small businesses. This is because a business has several moving parts. Therefore, … Read more

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What Does a Business Accountant Do?

September 16, 2021

Business owners and entrepreneurs have a lot on their plates. Having a business accountant on staff or on-call makes things much more manageable. But what exactly can a business accountant … Read more

Tax filing checklist blocks

The Perfect Last-Minute Tax Checklist

July 8, 2021

Filling out an income tax form can be a pain for many people. That headache can grow into a stress-induced migraine if you’re working so close to the deadline. When … Read more

Couple with a tax agent

Can I Claim Tax Agent Fees? 5 Forgotten Tax Deductions

May 21, 2021

If you are an employee, a rental property owner or a small business owner, you must understand what you can claim on tax. However, a lot of people miss out … Read more

small business owners in Perth checking calculating their tax bills

What Tax Deductions Can I Claim for Small Business?

April 28, 2021

Saving receipts for tax will help you and your tax accountant. How proper receipts provide evidence of your expenses and income. They separate your taxable and nontaxable income. They help … Read more

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5 Things to Consider Before Starting a Business

March 26, 2021

Everyone dreams of starting their own business. It is easy to start a business. However, many people do not have the money, work ethic, patience, knowledge, and even experience to … Read more

5 Reasons Your Small Business Needs a Tax Accountant

February 12, 2021

The process of running a business, whether big or small, is no easy task. Statistics actually show that many small businesses fail within the first 18 months. This is because … Read more

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How to Choose an Accountant for Your Business

December 8, 2020

With so much to manage when running your own company, hiring an accountant to take care of your finances and taxes is highly recommended. However, you need to choose the … Read more

Questions to Ask Your Tax Accountant

December 8, 2020

While common questions will be about tax deductions, your tax goals will be different as an individual and as a company owner. Common Questions to Ask When Hiring a Tax … Read more

tax-return

What Types of Income do I Need to Declare on My Tax Return?

December 7, 2020

Introduction For most people who hold full-time work positions, much of the information for their tax returns is pre-filled based on information that the Australian Taxation Office (ATO) receives from … Read more

Tax Changes Happening in 2020

Tax Changes Happening in 2020

September 9, 2020

As the current COVID19 situation has changed the income situation of many Aussies, the Australian Taxation Office (ATO) has implemented new policy changes to help everyone cope. A majority of … Read more

4 Magic Principles for Successful Entrepreneurs

December 13, 2019

Being an entrepreneur myself for three years, I have realised this path is not easy and requires a lot of perseverance, passion and love for what you do, or you … Read more

What Does a Tax Accountant Do?

December 13, 2019

What is a Tax Accountant?  A tax accountant is someone who studies tax law and assists clients and businesses with their income tax and financial statements.  Tax accountants usually have … Read more

Investing in holiday homes

November 11, 2019

In Western Australia, we are blessed to have so many great holiday spots within driving distance. Many people choose to purchase holiday homes, partly as an investment, but also for … Read more

What do if inheriting property

November 11, 2019

Inherited land generally is disregarded in terms of Capital Gains/Losses when it is passed; To the deceased person’s executor or other legal personal representative To the deceased person’s beneficiary –- … Read more

Obtaining and Owning a Rental Property

November 11, 2019

It is vital to keep receipts. You will want to claim absolutely everything you are entitled to, and to do so you will need every receipt. You will also need … Read more

What is Capital Gains Tax?

November 11, 2019

Investments in Real Estate are complex and can take time. However, the possibilities are endless. Unfortunately, this brings tax complications into the picture. If you are renting property out, then … Read more

Business Meeting On Desk

What Questions to ask before hiring a Small Business Advisor?

October 8, 2019

What Questions to ask before hiring a Small Business Advisor? Unsure what way you should steer your business in? Need advice and insights into your industry before you spend your … Read more

What questions to ask your Tax Accountant in regards to your Small Business?

October 7, 2019

What questions to ask your Tax Accountant in regards to your Small Business? Do you get overwhelmed when going to the tax office? Unsure what to ask? Don’t really understand … Read more

tax deductible job expenses

What Job-Related Expenses Are Tax Deductible?

September 24, 2019

When it’s time to lodge the tax return one starts to think of the expenses incurred over the financial year. Some of the expenses may fall under the category of … Read more

What Is The Difference Between Accounting And Bookkeeping?

September 24, 2019

People often believe that Bookkeeping and Accounting are virtually the same things when in actual fact they do differ. While they both work to assist you with your finances, there … Read more

3 Tips To Maximise Your Tax Refund

September 23, 2019

Want to make the most out of your tax refund? Want to get the biggest refund possible? Below are 3 Helpful Tips to maximise your tax refund and get the … Read more

Small Business Talk – Tips on How to Grow your Business

September 18, 2019

Small Business Talk – 5 Marketing Steps

September 18, 2019

Small Business Talk Intro

September 18, 2019

Tax Tip Friday

September 18, 2019

Tax Tip Thursday

September 18, 2019

Tax Tip Wednesday

September 18, 2019

Strategies For Search Engine Optimization And Higher Rankings

August 27, 2019

Most small businesses offer their products and services to a specific geographic market. Being found quickly when someone is in need of your local services is critical to your success. … Read more

progress of tax return

How To Track The Progress Of Your Tax Return

August 21, 2019

Income tax returns lodged with the Australian Tax Office may take about two weeks to process. In some cases the lodgments may take up to a month or so, this … Read more

Best Tax Tips for Small Business Owners and Start-ups

July 30, 2019

Tax Tips for Small Business Owners and Start-ups As tax time has well and truly arrived we have decided to share our best tax tips for small business owners and … Read more

essential Bookkeeping tips

What are the Benefits of Hiring a Bookkeeper?

July 30, 2019

Benefits of Hiring a Bookkeeper What exactly is a bookkeeper? What does a bookkeeper do? Do you need a bookkeeper? A bookkeeper’s primary responsibility is keeping and maintaining a detailed … Read more

Points to keep in mind to avoid ATO Tax Audit

July 30, 2019

Points to keep in mind to avoid ATO tax audit Tax time, a stressful time of year! Let’s talk about some points to avoid any ATO tax audits and let … Read more

Flower Business Owner

Tips For Finding Work-Related Tax Deductions For Self-Employed

July 19, 2019

Work-Related Tax Deductions For Self-Employed If you are a self-employed professional who takes care of their own taxes, there are certain common expenses concerning your income and work that you … Read more

tax refund

7 Tips To Get The Most Out Of Your Accountant

July 12, 2019

7 Tips To Get The Most Out Of Your Accountant A good accountant should be able to offer advice on virtually every facet of your operations. Below are 7 tips … Read more

Business Meeting On Desk

What Is The Role Of A Tax Accountant?

July 5, 2019

What Is The Role Of A Tax Accountant? The tax accounting profession is challenging but is rewarding as well. The career of the tax accountant necessitates following a precise education … Read more

5 Top Tax Tips to claim more on your deductions

June 26, 2019

Are you Single Touch Payroll Ready?

June 26, 2019

Perth Tax People

June 26, 2019
work-related tax deductions

Planning For Business Success

June 21, 2019

Business plans are a necessity for starting a business or ensuring business longevity. Business plans allows business owners to effectively plan for success, organise their business and determine their business … Read more

Top 10 Marketing Tips For Small Businesses

June 21, 2019

How to get the BEST out of your Marketing Initiatives. When starting or expanding a new business Marketing plays a vital role in the success of your business. Marketing creates … Read more

Advertising Strategies

June 21, 2019

Advertising is a vital part of any business. It allows us to get our own voice and ideas out there, it allows us to connect with customers, influence customers and … Read more

Management Priorities For Your Business

June 21, 2019

8 Management Priorities when you start your business Create a Strong team of advisors When starting a business, decisions can be tough, especially if you are starting a business all … Read more

How Online Networking groups increase the digital footprint of your business?

June 16, 2019

How Online Networking groups increase the digital footprint of your business? Online networking groups in any form of group or community created on social media accounts and websites, where individuals … Read more

How can WA’s Small Business Development Corporation help grow your business?

June 15, 2019

How can Western Australia’s Small Business Development Corporation help grow your business? The Western Australia Small Business Development Corporation core focus is to deliver and facilitate relevant, practical support to … Read more

What is Cloud Accounting and What are its benefits?

June 14, 2019

What is Cloud Accounting and What are its Benefits? The infamous “Cloud” is a digital platform where data and software are stored to be accessible online at any time, anywhere, … Read more

5 Reasons Why You Should Outsource Your Bookkeeping 

June 13, 2019

Good Reasons Why You Should Outsource Your Bookkeeping Bookkeeping is the activity or occupation regarding keeping and recording financial matters of business. Bookkeeping can be done by the individual business … Read more

How Can You Claim Work-Related Tax Deductions?

June 12, 2019

Work-Related Tax Reductions are any extra costs in which you paid out of pocket for, relating to your work needs. For all work-related tax deductions you must: 1. Spent the … Read more

essential Bookkeeping tips

5 Essential Bookkeeping Tips for your Business

June 11, 2019

Essential Bookkeeping Tips for your Business Bookkeeping may be a hassle when you have a start-up business. Here are 5 vital tips to ensure that your bookkeeping practices benefit your … Read more

What is Single Touch Payroll and How it will impact you as a small business owner?

April 24, 2019

What is Single Touch Payroll? Single Touch Payroll is a new way of reporting tax and superannuation information to the ATO. Using this new method, employers are required to report … Read more

Hiring a Business Tax Accountant

Things to Consider before Hiring a Business Tax Accountant

April 22, 2019

Hiring a Business Tax Accountant Business Tax Accountant is the most important team member for your business since he or she is responsible to advise the financial and tax affairs … Read more

How Negative Gearing from your Rental Property can help you Save Tax?

April 3, 2019

How Negative Gearing Can Help You Save Tax?   For those of you who do not know negative gearing in terms of real estate, it simply means the rental income … Read more

Tips On How You Can Make The Most Out Of Uber

April 2, 2019

Is it worth driving Uber after paying all the expenses and taxes? This post is not to discourage Uber drivers who are really working hard and uber has become the … Read more

Co-Working Spaces for Business Start-Ups

Why are Co-Working Spaces Best for Business Start-Ups?

March 22, 2019

Starting a new business can be very challenging and 90% of the new businesses do not last for more than 1 year. So if this is your second year in … Read more

What are the Best Bookkeeping Softwares/Tools?

March 18, 2019

Best Bookkeeping Softwares/Tools Bookkeeping simply means tracking your business transactions on a regular basis and is considered to be a crucial activity for any business. Without bookkeeping, a business can … Read more

Flower Business Owner

Why Small Businesses should outsource their bookkeeping?

March 15, 2019

Bookkeeping is the crucial part of a business and cannot be ignored at any time or the businesses can suffer significant losses and sometimes not even sustain for a longer … Read more

Restaurant Bookkeeping Perth

January 24, 2019

As the restaurant owner you require real time financial information, to operate your restaurant smoothly, to make effective, forward thinking business decisions. Managing the bookkeeping is a tough task, as … Read more

Working at desk

Business Activity Statement FAQs

December 20, 2018

Taxes can be confusing for a lot of business owners. One form that constantly proves to be one of the most complicated for those who need to fill them out … Read more

tax refund

Where is My Refund?

November 18, 2018

Come tax season, many Aussies all across the country are constantly trying to track their tax refund. Since many individuals and families rely on that money, which can sometimes be … Read more

Uber Tax Advice to Be Aware of

September 24, 2018

If you drive for Uber, here’s some Uber tax advice you should pay attention to. INCOME REPORTING ON TAX RETURNS The money you make from being an Uber driver is … Read more

Air Bnb Room

Tips on Air BnB Tax

August 19, 2018

If you own a home and plan to go on vacation, listing it on Air BnB can be a good way to earn extra income. Similarly, that unoccupied room in … Read more

Two people working at a desk in a well-lit office environment. One person is using a calculator while the other reviews a document with charts and graphs. There are open notebooks, eyeglasses, and other documents scattered on the desk. Sunlight is streaming in through the large window in the background.

Resources in Perth to Support Your Small Business

July 14, 2018

The Australian government offers numerous resources to help support your small business. While there are many aspects to running a business, not all are as enjoyable and simple. Making sure … Read more