Why we refuse to support cash businesses

Posted on Leave a commentPosted in Risk, Small business, Uncategorized

I recently made a conscious decision to refuse to support businesses that only take cash.  Here are my reasons: Cash makes record keeping difficult I owned a bookkeeping bureau in the 1980s when computerised accounting was just developing. So my experience initially included working with manual bookkeeping ledgers as well as using the old bookkeeping machines, like […]

Using Xero Financial Reports

Posted on Leave a commentPosted in Accounting & Tax, Business performance, Business Services, Small business, Smart business, Tax planning

Do you want to learn more about using Xero financial reports? Our next workshop is going to be held on Monday 12 June 2017 at our office –  find out more and book here Why use an online software? There are quite a few reasons we promote online software in general and Xero in particular, […]

Could your rental property be a drug house???

Posted on Leave a commentPosted in Investment property, Negative Gearing, Risk

Could your rental property be a drug house???  Drug growers and manufacturers are using hotels, short term rentals and even investment properties for their drug business.  A recent article on the ABC highlights this issue – read more here. There’s a few problems with this: If you rent the property out yourself Landlords insurance Even if […]

2017-18 Federal Budget – quick update

Posted on Leave a commentPosted in Accounting & Tax, Business development, Business Services, Tax planning

Here’s a quick update of the 2017-18 Federal Budget high and low points: Federal Budget winners First Home Saver Scheme – proposed effective date 1 July 2017 The Government will allow $15,000 to $30,000 for first home buyers to make voluntary super contributions to buy their first home Contributing the proceeds of “property-downsizing” to superannuation […]

Business owners – keeping track of cash

Posted on Leave a commentPosted in Business development, Business performance, Business Services, Cash, Small business, Uncategorized

Business owners need to be serious about keeping track of business cash.  If they don’t, they are making a serious mistake. As accountants and financial advisers we are acutely aware how important it is to track and record cash in your business. Monitoring actual business income and expenses Business income The myth that hiding or not disclosing […]

Who pays the highest tax burden?

Posted on Leave a commentPosted in Accounting & Tax, Business Services, Career, Employment, Negative Gearing, Tax planning, Taxing individuals

Who pays the highest tax burden in Australia?  We found this great article written by Chris Sheedy – read full article here So who pays the highest tax burden? One of the conundrums he points out is that there is little or no incentive to double income from $21k p.a. to $42K p.a.  This is due […]

Uploading files to Primarius

Posted on Leave a commentPosted in Risk

We’ve found an easy way of uploading files to Primarius. We know its a pain to send emails with attachments, and manage the size of attachments. Uploading files to Primarius All of our email footers now have the following message: For your security & convenience, please upload documents here So how do you upload files? […]