“Do I select Yes or No for the tax free threshold?” This is the most common question asked by friends and family when they are starting a new job. The Australian Tax System is made up of tiered tax rates, with the first $18,200p.a earned by individuals, not taxed, this is known as the tax […]
Blog
Umbrella Fund – saving for that rainy day
aka Safety Net Regularly contributing to an emergency is an essential line in any budget. Setting up a specific bank account for this can make life easier when the proverbial hits the fan. We have spoken about this before… Budget Basic$ – The 5 features explained So…this happened… About 3.30pm on a Friday […]
Black Gold – Just like Printing Money…
….For the ink seller With advancing technology, many transactions are being completed electronically and stored in the cloud. Printing data is still often required, which means inevitably upgrading your printer every couple of years. One of the most expensive liquids sold Printer Ink when compared to other items, can be very expensive. Product $ / […]
Planners – A home for your to do list
The Why Working full time while maintaining a house full of kids, with a memory like Dory, I am always looking for handy ways to keep track of my ‘To Do Lists’. After having my sophisticated (back of an envelope) list covered in the writing of my smallest precious little cherub – she is […]
Book of the Month: ‘Don’t Sweat the Small Stuff… and It’s All Small Stuff’ – Dr. Richard Carlson
The Idea In this busy life where we are in constant contact with work and the rest of the world via technology, the ‘Small Stuff’ can be very consuming. Everyday we find ourselves bombarded with various information. From what is the latest super food, to the seemingly ever-present threat of the red button being pressed […]
12 Weeks to Christmas – Make a Plan
That’s right, there is only 12 weeks until Christmas! Time to start planning for what you are going to be doing for Christmas and how you are going to fund those plans. Don’t forget to discuss with your employer or employees about any Christmas Leave that needs to be taken. 12 Weeks to go […]
Team Building
The Good News Team Building activities can be a great way to get to know your employees or colleagues outside of normal work environment. Improved interaction in the workplace can improve productivity, which is great news for your business. The Details There are many different types of activities that you could undertake to bring your […]
Flu Shot – to jab or not to jab?
Might be a little late for this Flu Season, but something to add to your to do list for February/March next year is the consideration of providing Flu Vaccines for your employees. The Good News The provision of a free flu vaccination to an employee is generally tax deductible. The Flu Jab is also considered […]
Start good habits now!
It is never too late to start a new habit!! Tax Time is like New Years for your paperwork, making resolutions to be better at keeping all of your receipts so that you can potentially have more deductions in your next tax return. Nearly two months in and how are you going with […]
Becoming A Chartered Accountant – Nearly One Down and Four To Go
Many of you have been lucky enough to meet with Ben this year to complete your Income Tax Returns. While taking on the craziness of tax time, Ben is well on his way to completing the first of five modules on the pathway to becoming a Chartered Accountant. Having achieved exceptional marks in his assessments throughout […]
Sponsorship and Donations – a tax deductible good deed
The Good News Sponsorship Expenses paid by your business may be tax deductible. Where the recipient is registered for GST, the sponsor may be able to claim the GST credit on the expense. Section 8.1 of the Income Tax Assessment Act 1997 states ‘losses and outgoings to the extent that they are incurred in […]
Budget Basics – The 5 Features explained (and you are going to need a few bank accounts!)
5 Features of a Workable Budget: Safety Net – because stuff happens. A very important line in any budget is a small safety net so that all of your hard budget work doesn’t get affected by life’s inevitable surprises. We strongly recommend having some savings set aside with the sole purpose of coming to […]