Tips & strategies to help your business grow

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, and what happens if you are leaving.

Are Christmas Gifts For Staff Tax Deductible?

So it’s Christmas and what have you done…..about gifts for your staff.

6 ways to reduce your accounting fees

10 min | Nathan Watt

Accounting Fees, I imagine paying them would be right up there with the paying the dentist after a tooth extraction; Painful, and expensive. Maybe that’s why my subconscious led me to study accounting. It was self preservation!

5 Tips to Handling The Financial Crisis

If you’re going to eat a shit sandwich – don’t nibble. Commit yourself to the fact that this isn’t going to be pleasant, but take some big bites, chew like hell and you can get through it.

5 Things Your Family Trust Needs To Do Before 30 June

Every year your accountant slips you a document says something about Bamford, and sends you an invoice. Ever wondered what that’s about? Well wonder no more.

5 Things You Need To Do When Hiring Staff

You need to hire your first staff member, or maybe you're just wondering whether you've got everything under control.

5 Reasons You Need A Tax Specialist For Your Small Business

We live in a DIY age, where people imagine to themselves that with a quick click on Google they can suddenly turn into an expert on pretty much anything, I mean when I google my sickness symptoms it keeps telling me I have Lupus, so it’s easy to be convinced in believing you’re suddenly an expert on tax preparation.

4 Common Mistakes Small Business Make With The ATO

Tax is in Australia is complicated, that’s why we have one of the highest rates of tax agent dependence in the world, but even that doesn’t stop these mistakes from happening and with the tax office’s super smart algorithms tracking your every interaction and building a risk profile about your business and its directors, you can’t afford to make these mistakes any longer.

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Tailored tips for your growth

Fringe Benefit Tax (FBT) For Small Business

5 Steps To A Better Business

Fringe Benefits Tax (FBT) is mostly ignored by small business and a lot of 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.

Business Consulting

10 min | Nathan Watt

When people start a business they tend to have a vision of something they want to build. They want it to look and feel a certain way, or get to a certain size. But after being in business for a little while they can get a lost, or stuck and don’t know how to move their business forward. This is because small business generally don’t have a strategy and don’t know where to begin in creating one, so here I’ll outline the 5 Step process we use to get you back on track, and build the business of your dreams.

Tax Minimisation and Planning For Small Business

Tax Planning. What a phrase. It gets bandied around a bit, actually, probably just by accountants. But clients tend to nod their head and agree that yes, if you say we need to plan our taxes, then we probably should. So what the hell are we talking about?

Which Business Structure Is Right For You?