By: Jo Stewart Australian consumers are used to the offshore call centre when dealing with telcos. But would you expect your accountant to outsource your tax return to a cheap outfit overseas? Many accountants in Australia are shifting large proportions of their operations offshore to countries like India and the Philippines where workers can be paid […]
By: Steve Burnham This non-exhaustive checklist is designed to provide an easy reference guide to the types of deductions that might be claimed by businesses. Note that these deductions may not necessarily be available, and before deciding on the deductibility of an outgoing, the business’s particular circumstances should be taken into account. All businesses are required […]
Which cloud based software is the best for my business? As a small business accountant and Virtual CFO, this is one of the most common questions I get from business owners. Not all accounting packages are created equal, but good companies continually seek feedback and upgrade their offerings. Let’s get one thing straight. If you’re […]
BY: NAOMI SIMPSON Systems and process set you free. This is hard to imagine for most startup businesses as they cope with the chaos of a little bit of success, rushing from urgent to urgent, forgetting that if they worked on a process then perhaps the issue could be solved. Shark Tank Australia Season 2’s very […]
30 June is just around the corner, which is a great time for businesses to think about the year end results. It’s not just about minimising tax, but also how to show a healthy profit at the same time. Below are some strategies to consider: Asset write offs – For the 2015/16 financial year, the […]
By: John Corias If you’re in the market for a new accountant here are a few tips that can help you with this decision and ease you into the changeover process. As a small business owner, the time may come where you have to look for a new accountant. This could be because you are setting […]
written by: Ritchie Cruz, Principal Director There has been much confusion when people say “just claim that on tax”, or “you can get that back on tax”. The confusion lies between the person thinking that they can get the whole amount back, and what they actually get back from their tax return. Tax Deductions […]
written by: Ritchie Cruz, Principal Director Do you know that about 60% of small business startups close down after just three to four months of operation? Research surveys have established that many business owners shy away from greater involvement in their small business finance. Furthermore, the majority of small business owners tend to leave their […]
written by: Ritchie Cruz, Principal Director Last week, the Australian Tax Office (ATO) sounded a stern warning to employees who were demanding “unusually high” work-related expense claims. But why is this so? Following the annual returns of 2014, the ATO had detected a common occurrence where employees were making high expense claims for mobile […]
written by: Ritchie Cruz, Principal Director Today, the competitive nature of doing business has necessitated organizations to devise ways or reducing their costs and enhancing their services so as to gain a competitive advantage. Besides, the financial pressures of running a business efficiently adding value to the operations has forced organizations to outsource accounting services. […]
