As we approach the final pages of 2023, it’s time for small business owners to engage in a meaningful review of the year gone by, celebrate victories, learn from experiences, and strategically adjust sails for a promising 2024. This blog post is your guide through the process of reviewing, reflecting, and revising specifically tailored for […]

As we bid farewell to 2023 and welcome the festive spirit, it’s the perfect moment to reflect on your business journey and gear up for a successful 2024. Here are some suggestions and tips to guide you as you set your business goals and resolutions for the upcoming year. Reflect and Set Goals with a […]

Have you ever thought about having a professional CA/CPA review your tax return? Whether you prepare and file your tax return yourself or used a non-CPA tax preparer, there are numerous benefits to having a CA/CPA tax professional review your return.  Here are five reasons to consider it: The expertise, education, and experience offered by […]

To stay compliant with our Australian Tax System, especially when preparing your EOFY return, there are several important tasks you should consider completing for your business and for yourself. So, to help you, we’ve put together a checklist of must-do tasks: 1. Review your financial records: Gather all relevant financial documents, including income statements, expense […]

The next of our Blogs to provide your tips and support for your end of financial year preparation. End of financial year is a big time for all businesses, so it pays for you to be organised and have a very clear idea of what you need to be doing now and in the last […]

Preparing your business and personal End of Financial Year (EOFY) information can often feel stressful. There are invoices, purchase orders, bank statements and receipts to sort out, reports to review, and you need to make sure you have all the necessary information about your income and expenses. It can be overwhelming, and it can make […]

On February 16 2023, the ATO announced major changes to how you can claim home office expenses in your 2022/2023 tax return. With these changes you may need to adjust your record keeping, because it is becoming more stringent. What’s changed with record keeping for my 2023 tax return? 1 July 2022 – 28 February […]

It’s getting close to that to that time of the year again. So, why should you, as an employer, lodge a Fringe Benefit Tax (FBT) return where no FBT is payable?  For the simple reason that it turns on the three-year deadline for the ATO to commence audit activities on your business ongoing. Samples of fringe […]

There is no separate fringe benefits tax (FBT) category for Christmas parties as fat as the ATO are concerned, and you may encounter many different circumstances when providing these events to your current staff, past and future employees and their associates (wives and kids). “Exempt property benefits” So, this one is probably the easiest to […]

As you head into the silly season, you have time to reflect over the year, here are some things we things you should create a checklist to think about during your break Tax Planning We like take a pro-active approach to work with you to conduct end of year tax planning before 30 June 2023. […]