How to Take Advantage of Tax Benefits in Retirement Planning

September 4, 2023 / 0 Comments

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 planning decisions. This blog post will outline the key steps, tax strategies and benefits that can be employed to maximise retirement planning success in Australia.  … Read more

Exploring Tax-Advantaged Investment Options

August 31, 2023 / 0 Comments

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 to find the right options which offer long-term growth and financial stability. A great option for Australians is tax-advantaged investments, which offer a variety of … Read more

Top Reasons Why Startups Fail and How to Avoid Them

August 30, 2023 / 0 Comments

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, not every startup is successful. In fact, the majority of startups fail within the first few years. So, what are some of the main reasons … Read more

The Pros and Cons of Tax Shelters and Offshore Accounts

August 30, 2023 / 0 Comments

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 more regulated, and the rules and regulations surrounding them are more complex. But despite this, they remain an attractive option for many Australians. In this … Read more

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

May 18, 2023 / 0 Comments

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 understand the process. This guide provides a comprehensive overview of the essentials you need to know when filing tax returns as a self-employed individual in … Read more

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

April 21, 2023 / 0 Comments

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 (ATO) is figuring out what a balancing account is. Balancing accounts serve as a way for the ATO to keep track of a taxpayer’s income … Read more

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Reasons Why Your Tax Refund Was Cancelled

February 8, 2023 / 0 Comments

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 disappointment and even lead to financial hardship. Here are some of the most common reasons why your tax refund may be cancelled. You Overestimated Your … Read more

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What Tax Deductions Do Tradies Qualify For?

February 8, 2023 / 0 Comments

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 time. Knowing what deductions you can claim can save you a lot of money and make tax time a lot less stressful. Fortunately, there are … Read more

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How Do You Calculate the Valuation of a Small Business?

November 3, 2022 / 0 Comments

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 it. This figure is determined by a number of factors. Even if you don’t intend on selling your business, as a small business owner, you’ll … Read more

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How Does an Accountant Help a Small Business?

October 31, 2022 / 0 Comments

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 facets initially and, of course, to save on costs. However, when it comes to the complex function of accounting, this is an area perhaps best … Read more

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Changes To Payroll from 01st July 2022

October 31, 2022 / 0 Comments

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 management improves employee morale and retention – by ensuring you pay your staff correctly and on time, businesses can show their employees that they are … Read more

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The Effects Of The Budget On Australians

October 31, 2022 / 0 Comments

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 to a significantly improved fiscal outlook. The 2022 Budget Contains Some Notable Changes The most significant is the increase in LMITO by $420 compared to … Read more

6 Factors to Consider When Choosing a Tax Accountant

June 1, 2022 / 0 Comments

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 tax returns. However, a tax accountant must suit your specific needs as they specialise in various areas of accounting and finance. Also read: What Is … Read more

5 Benefits of Using a Personal Tax Accountant

May 25, 2022 / 0 Comments

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 who lodge a tax return opt to hire a personal tax accountant to do the work.  And we know why! Here are 5 benefits of … Read more

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Importance of a Professional Business Advice Service for Your Perth Business

March 3, 2022 / 0 Comments

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 many more. Seeking professional business advice can help you avoid these challenges and grow your business. Once you exhaust your internal resources to grow your … Read more

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5 Tax Tips for Different Income Brackets

January 27, 2022 / 0 Comments

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 income from taxes. Hiring a tax accountant to help you make the adjustments can save you money. If you want to minimise your tax, here … Read more

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5 Tips for Finding a Business Advisor in Perth

October 19, 2021 / 0 Comments

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, a business advisor helps business owners with planning, marketing, finances and many more.  Here are the top tips for finding a business advisor in Perth:  … Read more

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What Does a Business Accountant Do?

September 16, 2021 / 0 Comments

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 do? Business Accountant’s Basic Responsibilities A business accountant is expected to do the following: Prepare and regularly update financial reports such as business taxes, profits, … Read more

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The Perfect Last-Minute Tax Checklist

July 8, 2021 / 0 Comments

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 you’re short on time, here are strategies to help you file your taxes hassle-free. Last-Minute Tax Checklist – Sign up for Professional Indemnity Insurance Professional … Read more

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Can I Claim Tax Agent Fees? 5 Forgotten Tax Deductions

May 21, 2021 / 0 Comments

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 because of forgotten tax deductions. You can claim deductions against various expenses, including tax agent fees, education, home office expenses, travel expenses and more.  Also … Read more

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What Tax Deductions Can I Claim for Small Business?

April 28, 2021 / 0 Comments

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 you and your small business accountant prepare your tax return. And you will use them to claim all your entitlements.  What All Can You Claim … Read more

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5 Things to Consider Before Starting a Business

March 26, 2021 / 0 Comments

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 make their businesses work. That is why many new businesses fail. Taking business advice from experts proves to be quite helpful in the starting. Related … Read more

5 Reasons Your Small Business Needs a Tax Accountant

February 12, 2021 / 0 Comments

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 of poor financial management. Due to these dire consequences, small business owners realize the importance of a tax accountant. Must Read: How to Choose an … Read more

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How to Choose an Accountant for Your Business

December 8, 2020 / 0 Comments

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 right one, since they will be taking care of a crucial part of your business, and your life. Here’s a guide on choosing an accountant … Read more


Questions to Ask Your Tax Accountant

December 8, 2020 / 0 Comments

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 Attorney for Personal Claims These are general questions you should ask when interviewing for a new tax attorney: What their availability is throughout the year … Read more


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

December 7, 2020 / 0 Comments

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 employers or from financial institutions such as banks. However, one’s employment income isn’t the only one that needs to be declared when filing time rolls … Read more

Tax Changes Happening in 2020

Tax Changes Happening in 2020

September 9, 2020 / 0 Comments

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 tax deductions now deal with expenses incurred while working from home. Businesses that have also been impacted by the pandemic will also get some assistance … Read more

4 Magic Principles for Successful Entrepreneurs

December 13, 2019 / 0 Comments

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 will not last long. I worked as an accountant in the corporate world for 13 years and earned a decent wage but one day I … Read more

What Does a Tax Accountant Do?

December 13, 2019 / 0 Comments

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 a degree in accounting as well as an extensive job description that comes with a lot of responsibility. Primarily, a tax accountant’s job is to … Read more

Investing in holiday homes

November 11, 2019 / 0 Comments

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 the freedom of knowing they don’t have to worry about booking a resort as they know they can go whenever they want. Unfortunately, tax still … Read more

What do if inheriting property

November 11, 2019 / 0 Comments

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 –- such as next of kin or a person named in the will From the deceased person’s legal personal representative to a beneficiary. These exceptions don’t … Read more

Obtaining and Owning a Rental Property

November 11, 2019 / 0 Comments

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 to keep track of all income generated along with all the expenses relating to the rental property. Also note that repairs and maintenance are separate … Read more

What is Capital Gains Tax?

November 11, 2019 / 0 Comments

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 your income increases and this results in you paying more income tax. Sub-dividing land and selling property can also be classed as additional income and … Read more

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What Questions to ask before hiring a Small Business Advisor?

October 8, 2019 / 0 Comments

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 life savings on a business? Want to get the most out of your small business advisor, but not sure how to? We at Perth Tax … Read more

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

October 7, 2019 / 0 Comments

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 taxes and your tax obligations as a small business owner? We at Perth Tax People understand that meeting with an Accountant can be quite daunting … Read more

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What Job-Related Expenses Are Tax Deductible?

September 24, 2019 / 0 Comments

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 work-related expenses. Some of which may be claimable as a tax deduction. To present tax deduction expenses you must know all the nitty-gritty involved. Here’s … Read more

What Is The Difference Between Accounting And Bookkeeping?

September 24, 2019 / 1 Comment

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 are some important distinctions between the tasks of a bookkeeper and an accountant. Bookkeepers and Accountants are both vital to ensure your business functions on … Read more

3 Tips To Maximise Your Tax Refund

September 23, 2019 / 0 Comments

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 best results possible: Tip 1: Claim as many work-related expenses as you can No matter the occupation or profession you are in, there are many … Read more

Small Business Talk – Tips on How to Grow your Business

September 18, 2019 / 0 Comments

Small Business Talk – 5 Marketing Steps

September 18, 2019 / 0 Comments

Small Business Talk Intro

September 18, 2019 / 0 Comments

Tax Tip Friday

September 18, 2019 / 0 Comments

Tax Tip Thursday

September 18, 2019 / 0 Comments

Tax Tip Wednesday

September 18, 2019 / 0 Comments
Online Marketing

Strategies For Search Engine Optimization And Higher Rankings

August 27, 2019 / 0 Comments

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. Incorporating local SEO strategies into your marketing activities that complement your other online marketing is important to your business. Traditionally local small businesses use a … Read more

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How To Track The Progress Of Your Tax Return

August 21, 2019 / 0 Comments

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 is most prevalent in case of manual processing. This process can’t be stepped up even if you try to speed it up. Hence, the easiest … Read more

Best Tax Tips for Small Business Owners and Start-ups

July 30, 2019 / 0 Comments

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 start-ups, helping you get the best out of your return and avoid the stress tax season can bring. Firstly, one of the most important things … Read more

essential Bookkeeping tips

What are the Benefits of Hiring a Bookkeeper?

July 30, 2019 / 2 Comments

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 record of purchases, sales and all other financial transactions. Today’s blog post will highlight 3 important benefits about how your business can benefit from hiring … Read more

Points to keep in mind to avoid ATO Tax Audit

July 30, 2019 / 0 Comments

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 your return be a smooth process. Sometimes even the smallest ‘mistakes’ in your tax return can attract ATO attention so let’s get straight in with … Read more

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

July 19, 2019 / 0 Comments

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 may claim during tax time. Generally, expenses can be claimed when the money was spent for something work-related, your employer didn’t reimburse you the money … Read more

tax refund

7 Tips To Get The Most Out Of Your Accountant

July 12, 2019 / 0 Comments

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 to get the most out of your accountant: 1. Ensure You Get Service Beyond Tax Return If you only engage your accountant during tax season, … Read more

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What Is The Role Of A Tax Accountant?

July 5, 2019 / 0 Comments

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 and career path. It is vital to understand the job requirements. Tax laws, apart from being complex, often undergo changes. Tax accountants make sure that … Read more

5 Top Tax Tips to claim more on your deductions

June 26, 2019 / 0 Comments

Are you Single Touch Payroll Ready?

June 26, 2019 / 0 Comments

Perth Tax People

June 26, 2019 / 0 Comments
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Planning For Business Success

June 21, 2019 / 0 Comments

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 goals. Business plans are vital to ensure growth and sustainability of a business and to ensure the business has future goals and achievements. Below answers … Read more

Top 10 Marketing Tips For Small Businesses

June 21, 2019 / 0 Comments

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 brand awareness and brand loyalty among consumers. There are many ways in which small business owners can market their service or product to customers. Get … Read more

Advertising Strategies

June 21, 2019 / 0 Comments

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 help generate profits for our business. There are vital rules when it comes to advertising: Spend Big Now, Benefit later Try New Ways of Advertising … Read more

Management Priorities For Your Business

June 21, 2019 / 0 Comments

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 by yourself. To make these decisions easier employee a key team of advisors to help you with your business. A good team of business advisors … Read more

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

June 16, 2019 / 0 Comments

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 interact and discuss ideas with others. These groups are usually formed based on a similarity of interests or activities. For businesses, their personal Facebook Page … Read more

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

June 15, 2019 / 0 Comments

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 small business and advocate on their behalf. Their primary role is to encourage, promote, facilitate and assist the establishment, growth and development of small business … Read more

What is Cloud Accounting and What are its benefits?

June 14, 2019 / 0 Comments

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, from any device. Internet Banking apps are a prime example of Cloud Accounting, as it uses data previously inputted into your mobile device to make … Read more

5 Reasons Why You Should Outsource Your Bookkeeping 

June 13, 2019 / 0 Comments

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 owner or we recommend outsourcing bookkeeping to a qualified accountant, so your time as a small business owner can be more productive. Bookkeeping is a … Read more

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How Can You Claim Work-Related Tax Deductions?

June 12, 2019 / 0 Comments

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 money yourself and weren’t reimbursed by either the company that you work for by a manager/supervisor 2. It must directly relate to earning your income. … Read more

essential Bookkeeping tips

5 Essential Bookkeeping Tips for your Business

June 11, 2019 / 0 Comments

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 business and operate effectively: 1. Separate business and personal Don’t wait until your business is booming to properly set up your bank accounts. Once things … Read more

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

April 24, 2019 / 0 Comments

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 employees wages information including gross wages, tax withheld and superannuation every time they process payroll for their employees which could be weekly, fortnightly or monthly. … Read more

Hiring a Business Tax Accountant

Things to Consider before Hiring a Business Tax Accountant

April 22, 2019 / 0 Comments

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 (ATO) of your business and in simple terms tell you whether you are making money or not. As per Warren Buffet “Accounting is the language … Read more

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

April 3, 2019 / 0 Comments

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 from your rental property is less than rental expenses. In terms of cash flows, it may mean you are contributing more money from your own … Read more

Tips On How You Can Make The Most Out Of Uber

April 2, 2019 / 0 Comments

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 main source of income for them, but it is to encourage people to know the bottom line and become more knowledgeable of how much money … Read more

Co-Working Spaces for Business Start-Ups

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

March 22, 2019 / 0 Comments

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 the business, welcome to the new and much stronger group of entrepreneurs. If you are a new business, managing business overheads and your personal expenses … Read more

What are the Best Bookkeeping Softwares/Tools?

March 18, 2019 / 0 Comments

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 never know how much money they are making in real terms and what’s owed to their suppliers and owed by their customers. I believe if … Read more

Flower Business Owner

Why Small Businesses should outsource their bookkeeping?

March 15, 2019 / 0 Comments

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 period of time. Starting a new small business or running an existing business can be very overwhelming, where the small business owners are responsible for … Read more

Happy Restaurant

Restaurant Bookkeeping Perth

January 24, 2019 / Comments Off on Restaurant Bookkeeping Perth

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 your knowledge is limited to managing the staff, tables, staff and ensuring a wonderful experience for your restaurant’s clients. Operating a busy restaurant is just … Read more

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Business Activity Statement FAQs

December 20, 2018 / Comments Off on Business Activity Statement FAQs

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 is the Business Activity Statement (BAS). All registered businesses in Australia must fill out the form to submit to the Australian Taxation Office, but people … Read more

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Where is My Refund?

November 18, 2018 / Comments Off on Where is My Refund?

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 quite a bit, it is understandable that people want their exact refund amount shortly after tax filing. So how can everything be tracked? The best … Read more

Perth Street

Uber Tax Advice to Be Aware of

September 24, 2018 / Comments Off on Uber Tax Advice to Be Aware of

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 taxable income and should be listed on your tax return. The costs you incur while working for Uber are tax-deductible. This could include costs that … Read more

Air Bnb Room

Tips on Air BnB Tax

August 19, 2018 / Comments Off on Tips on Air BnB Tax

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 your house can be a source of income if you lease it out for some period. Some people even re-rent part of their rental apartment … Read more

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How to Support Your Small Business

July 14, 2018 / Comments Off on How to Support Your Small Business

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 that part of your business structure includes accounting and reporting and tax planning is an important strategy to have in place. Small business owners have … Read more