Myths around working harder – I’ll lose it all in tax
When you’re an accountant, over time, you get to hear all the myths, half truths and ‘expert’ advice doing the rounds. Given 2020 was such a testing time for so many Australians, we thought it might help if we addressed a few of these in upcoming blog posts. What...
Pay yourself first
Pay yourself first - we thought we’d start off the year with a quip that’s often said in regard to things financial and yet many people aren’t that sure exactly what it might mean for them. Is pay yourself first a phrase for business owners? Or is it something with...
Property Taxes Part 2 – Capital gains tax
Real estate seems to have rebounded - no doubt about it. But often there’s more to buying a property than might first appear on the surface. Last blog, we wrote about the up front (Stamp duty) and ownership (Land tax) costs you might encounter. But what about the...
Property taxes – land tax, stamp duty, etc.
Note: a discretionary trust exemption deadline (scroll to the bottom) If the media is to be believed, the real estate market has rebounded post Covid and all is well again. Plus the huge hurdle into the property market for many that is stamp duty is about to be made...
Surviving 2020 and starting 2021 as you mean to go on
Congratulations on surviving 2020 - the nightmare that was and will go down in history. Okay, it’s almost over in that it’s mid November as I write this, but the end is very much now in sight. Hurrah! Chances are your business went one of two ways - either you were...
How to retire from your own business
Whilst a global pandemic might not seem the right time to exit your business, it could be the right time to start planning for when you will, especially if 2020 has sent your business into a bit of a tailspin. As much as you’re focused on what it will take to recover,...
Financial reporting mis-steps
Want to hear a scary story? Once upon a time there was 2020 and you managed to live through it – and then it turned out 2021 was when the real horror happened! Terrifying, right? Please try to remain calm. It might sound like just a fable, but for small businesses...
An unexpected Covid upside
Okay, so you probably read the title and thought, ‘you must be kidding, right? An unexpected Covid upside? Really?’ And yes, for sure, Covid has delivered and is still delivering some serious pain to many Australians, as we begin the, probably slower than we all might...
Good advice – your secret weapon for boosting your business
German writer and statesman Johann Wolfgang von Goethe once wrote: “To accept good advice is but to increase one’s own ability.” Sometimes though it’s hard to take any, much less good advice, when you’re struggling. Last blog we talked about the benefit of seeking...
