Do you find that when your business is having an amazing month, your keen, energised, and jump out of bed every day, but then you might have a rough patch and as business slows you find it hard to stay motivated, the day feels like an uphill battle? Don’t worry. You’re not alone. Every business […]
This month we’re checking in with Audit Assistant and Relationship Coordinator Renee Williams. Renee is based in our Winchelsea office and has recently moved into this new role from Office Administration. She’s loving the new challenge and enjoys still having the ability to catch up with long-term and new clients. (Renee right, at her daughter, […]
As weeks turn into months, it can be hard to maintain the enthusiasm you once had for saving for your home loan deposit, or any other large financial goal you may have, like a car, boat or holiday. Motivation comes and goes, so there are probably times when saving is effortless and other times when […]
Do you own a small business in Victoria? Whether you have had to survive extended periods of lockdown, restructure your workforce, or completely change your business model, 2020 has undoubtedly been a year of difficult decisions for your business. What if an experienced professional was there to lend an ear, share their wisdom, and guide […]
The Victorian Government along with Business Victoria has released a package to provide financial support to eligible businesses impacted by the circuit breaker action to limit the spread of COVID-19. Victoria’s business community has been greatly impacted by the global pandemic. To help businesses manage this impact, the Victorian Government has announced a further $143 […]
Moving to Australia for his year 11 and 12 studies, Andy is loving life in Australia. After school he worked in retail for 7 years before transitioning into Accounting, graduating with a Bachelor Of Commerce ( Accounting) from Swinburne University in 2018. His interest in a career as an accountant is based on turning the […]
The first thing you need to know about sales forecasts is that they’re never going to be right – not 100% anyway. The idea is to make the margin of error as small as possible. There are dozens of sales forecasting methods, but most of them are built for existing businesses. They require you to […]
Looking for another way to save money this year? There’s never been a better time to go solar, with rebates for solar panels and solar batteries available as part of the Solar Homes Program. Solar panel (PV) rebates are available for owner-occupiers, as well as landlords. You can save up to $1,850 off the upfront cost […]
The Australian Taxation Office has recently decided that they will no longer be issuing paper activity statements. Electronic activity statements will be available instead of paper. They will be available three to four days after the activity statement is generated. You can receive your statements electronically through your myGov account – once you have linked […]
There’s still half of the summer to go…. so why not get started to a great financial future by reading, watching, or listening to one of our latest recommendations this weekend… WHAT TO | READ Money School by Lacey Filipich An approachable and inspiring guide to taking control of your money and your […]
Did you know that you may be able to apply for a wage subsidy to assist you in hiring more staff? The Department of Education Skills and Employment is now offering: Up to $10,000 (GST inclusive) is available for new employees who are: 15 to 24 years of age, Indigenous Australians, or 50 years […]
From 1 January 2021, the law relating to employees and their choice of superannuation fund has changed. New workplace determinations and enterprise agreements made on or after this date must now offer employees the right to choose the super fund to which you pay their compulsory super contributions. Once a new determination or agreement is […]
The key to a one-page plan is to start out simple and grow it as you go. You can begin with a few headings and some bullet points mapping out your vision, goals, milestones, and financial forecasts. Things will keep changing, and new information will come in, so think of it as a living document. […]
Paying off your mortgage early will save you money and take a financial load off your shoulders. Here are some ways to get rid of your mortgage debt faster. #1 Switch to fortnightly payments If you’re currently paying monthly, consider switching to fortnightly repayments. By paying half the monthly amount every two weeks you’ll make […]
Looking for some entertainment over the Christmas break? Liz Milligan our Bookkeeper based in our Torquay office is excited to share some of her recent reviews. Here are my recommendations, enjoy… cheers Liz WHAT TO | READ Steve Jobs – The Exclusive Biography By: Walter Isaacson, Dylan Baker I love to read Biographies. They […]
2020 has been an incredibly challenging year for us all, and who isn’t looking forward to 2021. Now is a great time to make a plan for your 2021 financial goals. Here are 4 clear steps to help you create goals for your money… Step 1. Be clear on what you want to achieve […]
Despite the COVID-19 recession, Australians have indicated that they will spend nearly 2.8% more this year on Christmas. Stats collated by Roy Morgan with the Australian Retailers Association (ARA) shows Australians spent $52.9 billion in retail expenditure during the 2019 festive season. The survey data was across six categories – including food, household goods, clothing, […]
The ATO produces a range of tax tables to help us, as your accountants and you work out how much to withhold from payments you make to your employees or other payees. A tax withheld calculator that calculates the correct amount of tax to withhold is also available. Changes to personal income tax thresholds announced by […]
What is inventory? Inventory – or stock – is what your business buys in order to resell to customers. It may be changed in some way, or sold as it is. For something to be inventory: You must have bought it If you’re selling something on consignment, it still belongs to the manufacturer or supplier. […]
Please be aware of these upcoming dates, and contact your accountant, if you have any queries or questions. 21 November Lodge and pay October 2020 monthly business activity statement. 25 November Lodge and pay quarter 1, 2020–21 activity statement if you lodge electronically. 28 November Lodge and pay quarter 1, 2020–21 Superannuation guarantee charge statement – quarterly if […]
