Latest Blogs
When is it time to hire an e-commerce accountant?
When you first start your online store, maintaining your own books may be the only option, but as your business grows, you'll need to free up your time and hire someone to help you with more difficult bookkeeping and accounting concerns. So, how can you know when it's...
What will Change on July 1, 2021 Right From SG Rate to Rental Properties?
The Superannuation Guarantee Rate Increases up to 10% Since 2014, the Superannuation Guarantee (SG) rate first time increases up to 9.5% to 10% on July 1, 2021. It will keep on increasing each year until it increases up to 12% on July 1, 2025. With a 0.5% rise,...
2021-22 Budget Measures Released by the Government and the ATO
In this blog, you’ll come to know about 2021-22 budget measurements announced by the government and the ATO. From Government Minimum Superannuation Decreased Rates The government has declared further extension short period of time reduction in minimum superannuation...
How to Get Financing for Your Business When You Have Poor Credit
A business loan is a loan taken out by a person or a company to start a business, expand operations, or provide emergency finances for day-to-day business operations. Though a business loan for an existing company is not dependent on the owner/proprietor or board...
Why Should You Hire an Expert Tax Accountant Melbourne?
As a small business, understanding tax responsibility and ensuring everything runs properly in your organization can become a headache. If you are just a startup, you might not be completely ready for the complexities involved. Tax law is difficult, and you have to...
How Pandemic is affecting the Accounting Industry
The COVID-19 has already taken a tragic toll on the global economy, destroying the very foundations of global financial markets and plunging the global economy into a state of recession that may be much worse than the "Great Recession." While the pandemic's severity...
How can Accounting Services Help Ease the Rush of Business Expenses?
Well, running a business to achieve success is a difficult task, especially, when you are just a startup and working hard to participate in the race of success. At that time, you might need a support system that can divide your burden and let you able to focus on what...
Recent announcements made by the Australian Government
Federal Budget lock-up arrangements confirmed The Government has given the confirmation about the 2021-22 Federal Budget and it will be released on Tuesday 11 May, 2021. Targeted CGT exemption for granny flat arrangements Treasury has published exposure draught...
Australian Federal Budget Update 2021/2022 for Australia’s Recovery
During the Covid-19 crisis, Australia has achieved good health results while having fewer infection rates, hospitalization, and fewer death cases as compared to other countries. The emergency support of the Government offered an important lifeline to the economy...
Accounting Tips to Run a Successful E-commerce Business
By 2021, the e-commerce industry is expected to hit $35.2 billion in Australia, and the sector will continue to grow. The up-and-coming domain is quickly becoming the latest love of Melbourne's aspiring entrepreneurs. If you're planning to open an online store or...
How to handle the Small Business Finances accurately?
Every small business owner's top priority should be to manage money wisely. The cash flow of a business refers to how money enters and exits the company. Your goal should be to hold cash in your business's operating account for as long as possible. Certain skills are...
Grants under Business Competitiveness Program launched to support manufacturers in Victoria
Assistance for Victorian businesses to invest in new manufacturing capability OVERVIEW The Business Competitive Program provides assistance for small and medium manufacturers with the existing presence in Victoria for expansion of their manufacturing operations and...
Money Management Mistakes Small Business Owners Make
There are numerous factors that may lead to a failure of a business venture. It could be a lack of consumer interest or is a matter of bad marketing tactics. It does not matter what is the financial background, all business owners must know there is more to running a...
Common accounting errors in small businesses to be avoided
Having a complete understanding of the financial status of a business is extremely crucial and assists to analyze when to enhance the growing efforts. Some business owners like to dive deeper into the numbers and the world of business accounting. However, others could...
The female founders initiative
All eligible applicants can apply for a grant between $25,000 and $400,000. If you meet additional eligibility criteria, you can apply for a grant of Between $25,000 and $480,000.The grant amount will be up to 50% of eligible project costs. The grants will be...
Daily habits to set up for a financial success
Whether you intend to resolve the debt or put a deposit down for a home or starting a family, there are several reasons to save or want to achieve financial freedom. To make things much easier, we have a few everyday habits that you may incorporate into your lifestyle...
Ways accounting firm can help owners to grow their business
Accuracy in financial statements and tax returns are very crucial for a business. The business owners want the business growth options to be explained straightforwardly by their accounting services provider to make wise decisions. They want easy access to the...
Technology adoption and innovation Program for Victorians
The grants to be provided for small to medium-size enterprises in Victoria by assisting them to adopt or develop new digital and innovative technology projects. This $5 million Technology Adoption and Innovative Program is aimed to assist eligible Victorian small to...
Recent Announcements made by the ATO
Making Super contributions after 1 July in 2021 comes with a nice surprise since the concessional and non-concessional caps have been indexed with the increases to the Transfer Balance Cap and Total Super Balance Cap. So what it is all about? Increment in the...
Boosting Female Founders Initiative – Round 2
Overview The Boosting Female Founders Initiative is grant to help female founders of start-up* businesses to launch and scale their businesses into domestic and global markets. The assistance will be on a co-contribution basis. This program will also be responsible...
Career as a Tax return accountant – skills required
A career as a tax agent in Melbourne is varied, challenging, and are not mathematical as you think. It may suit graduates from all types of disciplines. Therefore, are you the type of person that employers look for? What skills do you require to stay in the world of...
Are novated lease worth it?
What is Novated lease? Being in the market for a new car, you could consider certain finance options such as taking out a personal loan or drawing down on a mortgage. However, have you ever thought of a novated lease? A novated lease is a form of salary packaging that...
Challenges that today’s Accounting Firms in Melbourne face
These days accounting firms are going through a tremendous shift. According to distinct reports, Accounting firms in Melbourne are facing drastic changes. To survive the hostile environment in which the process of taxation of changing at the constant rate, and...
What Information Does My tax return Accountant Need to file my taxes?
Preparing the documents for your business taxes could be a daunting task; therefore hiring a tax return accountant is a wiser way to save time and create peace of mind this tax season. During the tax season, you have to be ready with all documents that you have to...
Things You Should Know Before Hiring a Tax Accountant
Successful businesses are backed by efficient employees. Bookkeeper and tax accountant are amongst these employees. The accounting firm can assist you with tax minimization and staying aware of the recent taxation laws. They may help you to fill compliance documents,...
Franking Tax Offsets & Tax Losses for Corporate Tax Entities
In this blog, you’ll get detailed information about franked tax offset and effects on losses for corporates tax entities. What is a Franked Tax Offset? If you are credited or paid franked dividends or non-share dividends, your assessable income will include the...
Top 10 Questions to ask when Hiring an Accountant
For small businesses, Hiring an accountant is a significant and daunting task. If you are a new business startup, Hiring an accountant could be a vexing process for you; however, if you ask the right questions, it is a much simpler task. So to assist you to find the...
Get Complete Information about Division 293 Tax: Information for Individuals
For people who fall into the category of high-income earners, saving their money for retirement via super is a wise strategy. In addition to this, you have to pay attention to the “division 293 tax.” To know more about division 293 tax, take a look at the below...
Detailed Information about Contribution Cap along with its Types
Contribution caps are applied to personal contributions that are made to super. Some limits are associated with contribution caps mean limits on how much money you made to super each year without penalty. It is known as a contribution cap. To get detailed information...
Comprehensive Information from Selling Business to Getting Access to JobKeeper
The Best Way to Sell Your Business Most often, people ask us the best way to sell a business. For this, you need to consider some important aspects that play a vital role in the sale of the business. The first aspect is structuring the transactions and the second...
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