ATO crackdown on work-related expenses

Posted on Leave a commentPosted in Accounting & Tax, Business Services, Risk, Tax planning, Taxing individuals

The ATO is cracking down on work-related expenses – read more here This is a very contentious area as many people feel entitled to their work-related expenses.   This is an interesting economy. Even the government is fighting for every penny. This means the reality is that savings has to be found. This is has been open […]

Electronic signing

Posted on Leave a commentPosted in Office updates, Smart business

We’ve been working on finding a robust electronic signing solution to facilitate signing of documents. For this reason, we recently started trialing a highly recommended option.  This has been patchy at best. Our recent electronic signing experience Whilst we have had some great feedback, we have also found some inconsistencies with the software. This includes […]

Is attending conferences a waste of time?

Posted on Leave a commentPosted in Career, Community, Employment, Organisation, Smart business

Is attending conferences a waste of time?   There are many reasons to attend conferences, here’s a few: Networking in your industry Continuing professional development (CPD) Business development Finding new clients Getting the most of your industry conference In almost every occupation, CPD is mandatory, .  We found this great article on How to get the most out […]

Large businesses plan for sustainability

Posted on Leave a commentPosted in Business Services, Small business, Smart business

Successful businesses don’t just get lucky. They carefully plan for the future to ensure they have a sustainable product or service into the future. Large business plan for sustainability We’ve been reading a lot of articles recently on business planning and sustainability. Large businesses like Ikea and Amazon are investing in renewable products.  Ikea is […]

Why we refuse to support cash businesses

Posted on Leave a commentPosted in Risk, Small business

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???  Co Drug growers and manufacturers are increasingly using rented accommodation to conduct their operations. This includes hotels, holiday lets, short term rentals and even investment properties.  A recent article on the ABC highlights this issue – read more here. There’s a few problems that arise from this issue.  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 […]