Once you’ve defined your Action Plan, it’s time to understand what this means financially for you and your business.
Start to build your budget. Why do we budget?
Quite simply, making sure the goals and targets you’re setting, and the action […]
Staying Current in Changing Times
Take a retailer, for example, who buys and displays products of interest to customers. By attracting people into their store, they sell those products and make a profit, provided the sales price exceeds the costs […]
Recent global events have tested the mettle of management and boards everywhere
Skilled leaders have a better chance of navigating adverse conditions so let’s look closely at some of those skills.
Usually, […]
The ATO issues specific guidance addressing common questions
The accounting profession has also reported other clients coming to them with concerns about any consequent capital gains issues when later selling a property from which they had […]
Shortcut method for claiming home office running costs
The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional heating, cooling and lighting costs), as […]
What every employer needs to know about fringe benefits
To help you meet your fringe benefits obligations, […]
Don’t get caught in old bad habits
Recognize the song? It’s called “Old Habits Die Hard” and the lyrics were written by Mick Jagger for the […]
Business Gymnastics
It is controversial whether an athlete can ever perform ‘perfectly’ but that’s what the judges decided. Ironically, Omega, the provider of Olympic electronic scoreboards had programmed the […]
Do you have a legal expense?
When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction. Exceptions are when the legal fee is capital, domestic or private in nature, if it is specifically excluded by another […]
EOFY last-minute tax planning tactics for individuals
While the best strategies are adopted in July (that is, as early as possible in a financial […]