Tax planning should be done on a regular basis throughout the year. Imagine what you could do with tax saved? Reduce your home loan Top up your super Have a holiday Deposit for an Investment Property Upgrade your Car Here’s a guide to the strategies you can use to minimise your business tax. 1 IS YOUR BUSINESS A “SMALL BUSINESS ENTITY”? Small businesses can access a range… Read more
The biggest super and tax changes in the last 10 years will affect you in 2017 and 2018. Now’s the time to review what strategies you can use to minimise your tax before 30 June 2017. Imagine what you could do with tax saved? Reduce your home loan Top up your super Have a holiday Deposit for an Investment Property Upgrade your Car Key Superannuation Changes While you… Read more
On average, small business owners spend 10 hours each week recording, organizing, and processing financial transactions – everything from accounts receivable and payable, to employee payments, expense receipts and supplier invoices. While the process may be time-consuming (and tedious!), effective bookkeeping is the foundation of sound financial management – which in turn, is the lifeblood of your business. Feeling overwhelmed by mountains of paperwork and complex calculations? Here are three… Read more
Not sure what is super stream or how to set it up? From 30th June 2016, the government requires employees’ superannuation to be paid via a superannuation clearing house. Direct payment to employees’ superannuation funds will no longer be possible. With super stream, you will be paying the total of employee super to the clearing house, it will then distribute the payment to each superannuation fund account as per the… Read more