Accounting & Tax For Small & Medium Business

the strategies & information you need to reduce your tax

Accounting and Tax isn’t something you google for fun – so you’re here because you’re looking for something. Maybe you’re just starting a business or maybe you’ve already got an accountant, but either way, you only want to pay your fair share of tax

Accounting & Tax for small business is pretty boring, we get it.  Nobody wants to read about the latest changes in tax legislation.  But what you do want to know is how to get up to date and squeeky clean with the tax office, and ensure you're only paying your fair share of tax.  

Below you'll find the most important articles we've published to help you reduce your tax and sleep easy knowing your accounting and tax is under control.

The Risks Of Being A Company Director

Starting a company is easy. Too easy almost. Just be over 18, not bankrupt, fill in a form, pay the fee and you’ll have a Pty Ltd company registered with ASIC (Australian Securities and Investments Commission) in about 10 minutes. There’s no knowledge requirements, no tests, nothing telling you before you click the button “by

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How Do You Change Accountants?

One thing I hear a lot is that people think it’s a major hassle to change accountants and I was in need of a blog topic, so I put two and two together (because as an accountant I can do that you know) and Voila! A brand new extremely valuing providing blog. So how do

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Australian Resident For Tax Purposes Explained

If you’re an Australian resident for tax purposes you pay tax on your worldwide income.  This can have a massive impact on how much tax you pay.  So in this article you’ll learn when you’re considered an Australian tax resident, even if you don’t have permanent residency or visa, what happens on entering the country,

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What your small business should be doing each month

Another month is over, and you’re on to the next one, days and weeks roll into each other and before you know it, the year is over, and you look to the bank accounts to see if you’ve “made any money”.  Sound familiar? Then your accountant gets started on your tax returns, and has a

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What Is A Family Trust And How Do They Work?

What is a family trust? What is a trust fund? or discretionary trust? Heard these phrases thrown around, but don’t really understand what they are, or how they work. Then you’ve come to the right place.  Strap yourself in, and trust me…. What is a trust? Imagine this. It’s 1813, you’re Natalie Portman Keira Knightley,

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Fringe Benefit Tax (FBT) For Small Business

Fringe Benefits Tax (FBT) is mostly ignored by small business and their accountants. Most think of it as a tax for big business, with lots of “entertainment” and exotic remunerations strategies or government departments with scores of internal finance people. But unfortunately, this is mistaken.  FBT applies to all business who provide benefits to employees

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