Latest Blogs
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...
Introducing Updated Tax Rules from Government, the ATO & Cases and Much More
From Government Approved Tax-Free Grants for COVID-19 Back in the last year, some laws were approved that gave certain grant payments for COVID-19 that would be made non-assessable non-exempt income. The cashier or treasurer is required for legislation to...
Gain a Better Insight into an Adjusted Taxable Income
Whether you are applying for tax offsets, government benefits, or concession, but the eligibility can be determined with your adjusted taxable income (ATI). To get detailed information about adjusted taxable income, keep reading on: What is Adjusted Taxable Income?...
Services provided by Accounting Firm
We all understand that none of the business can survive without bookkeeping and accounting. No doubt, accounting, and bookkeeping are the crucial parts of the businesses. The companies rely on the accounting firms since they provide a real picture of the organization...
Tools for Accurate Accounting and Bookkeeping
Accurate and efficient accounts management makes a pillar of stable cash flow and smoother business functioning. Maintaining efficient cash flow, optimizing lucre, minimization of expenditures, and creation of new investment opportunities are possible when every...
How to find an Accounting Firm in Melbourne?
How to Find an Accounting Firm in Melbourne: Your checklist for successfully Finding a firm Accounting services track expenses, income, taxes, and other information related to the financial condition of the organizations. These types of services are in-demand for a...
What do You Need to Know to Run Your Business?
Commencing a small business is no small decision. There are certainly no limits on who may become an efficient entrepreneur. You don’t require any college degree or money in the bank or even expertise to start a business. You just need a strong plan and the drive to...
When to Hire an Accountant for Your Business
There are numerous reasons to hire an accountant at distinct stages for the growth of your company formation and loan application to government audit, an accountant may make life easier for you at every stage. It doesn’t mean that you are always required to employ an...
The JobMaker Hiring Credit rules have been finalised and applications are now open
Administered through STP, JobMaker provides a payment to employers of $200 per week for eligible new employees aged between 16 and 29, and $100 per week for eligible employees aged between 30 to 35 years for 12 months. The hiring credit availability is for jobs...
What are Similarities & Differences between Accounting & Bookkeeping?
Bookkeepers and Accountants are the most important identities of any organization, they both support your difference, but the difference between the Accountant and bookkeepers is "The bookkeeper maintains the record of sale & Purchase that your organization...
How Can I Find Accountants Near Me For My Small Business in Melbourne?
Do you constantly surf the web for “Accountants Near Me”, then you are in the right place, you don’t have to spend more effort. With years of experience and a wide range of qualifications in accounting, tax, payroll, and business consultation, Reliable Melbourne...
Announcements in Victorian Budget 2020-21
JOBS PLAN – FROM THE TREASURER AND PREMIER To commence with the phase of recovery, the efforts of the Government are to get more Victorians back to work. Not only ensuring the job, but the goal of authorities is to provide security and certainty for them and their...
How to Do Accounting for Small Business: Basics of Accounting
The accounting for small business is completed by making accurate record of income and expenses and efficiently extracting the data from the business transactions. This is a mandatory chore that assist small business entrepreneurs to track and handle their money...
Role of Accounting in Business and Why It’s Important?
It is a requirement of every business to have a good accounting team at its core or at least on specialist who could understand the specific needs of a business. Accurate and timely financial data is required by the managers to make wise decisions and accountants do...
Things To Know Before Filing Your Income Tax Return (ITR)
Tax time is certainly upon us with many changes introduced in financial year 2019-2020 due to effects of COVID-19. Tax return accountant works harder during taxation times to claim more deductions. Are you working from home due to COVID-19 situation? Whether you have...
Things To Consider While Choosing A Tax Accountant
You could be tempted to figure out all things yourself, since online tax preparation software is quite cheap and give convenience of completing everything from home. But still some mistakes on tax are common. These mistakes can even put you at high risk of IRS audit....
Tax Round Update – September 2020
The Jobkeeper has Dominated the Headlines; However, only July 1st, 2020 Test Date for Employee has been Finalized. The legislation is yet before the Senate to extend the JobKeeper beyond September 27th. The details of JobKeeper 2.0 require legislative instrument to...
JobKeeper Payments: GST Turnover and Reporting
GST Reporting Method In order to apply for new turnover reduction tests for September 2020 and December 2020 quarter, the entities that are registered for GST must use same method which is used for GST reporting purposes. The GST reporting method that is used...
Questions to Ask Small Business Accountants Before Hiring
Most of the small businesses find it a daunting task to find an accountant in Melbourne. To select an accountant could be a vexing process when you are a startup in a business. It is quite simple if you ask the right questions and approach it systematically. You must...
Tips for Choosing an Accountant for Small Business
People owing small businesses rely on accountants to seek advices. While having accountants in your team, all the crucial tasks such as maintaining books, planning taxes and meeting important financial deadlines becomes easier. However, you need a good research to get...
Tax Round Up August 2020 – Minimum Repayment Relief – JobKeeper 2.0
The JobKeeper dates have been extended for 13 fortnights along with reduction in payment rates and additional eligibility criteria. This time as well the popularity of accountants and advisors has enhanced. Till now the details of eligibility and access to JobKeeper...
Why Small Businesses Need Tax Accountant
The small business entrepreneurs have realized that their lives get more complicated during the times of tax season. The days become more stressful when you try to lodge the taxes for your business and personal life. In spite of some worse circumstances, many...
Customer Strategies Retention – Need Of The Hour
It is very easy to lose customers; however, bringing new ones is really harder. This is the reason why customer retention is too crucial. Most of the small businesses are suffering these days just because of the unprecedented effects of COVID-19 on the economy. It is...
Minimum Wage in Australia 2020 – 2021 – Award Wages
It is a projection that Australian Minimum Weekly Wages will trend around 770.00 AUD/week in 2021 and 790.00 AUD/week in 2022. Minimum Wage Increases by 1.75% in Australia The minimum wages in Australia are currently $740.80 each week currently. This is equal to the...
Arts Grant : Eligibility of Arts Grant and how can you get it
Arts grant availability and the way to get Benefits from it The $250 million package provided by Prime Minister for creative and cultural projects, the savior for the industry! The financing of arts is for initiating the sector at instant preferences with funding...
Home Builder Grant Eligibility for Building & Renovation
Home Builder Grant: How you can Access the New Government Building Scheme The administration has declared grants of $25,000 to motivate people to construct a new house or considerably renovate their homes in which they are already residing. This scheme...
The Economic Impact of COVID-19 – Tax Relief Roundup
The parliament approved legislation for COVID-19 stimulus and support measures. Most of the stimulus initiatives are being administered by ATO. The compliance deadline remains regardless of the fact that either the payments have delayed or waived. The transitional...
Jobkeeper Payment: what you need to do and check your eligibility
The authorities have declared $130 billion JobKeeper Payment to assist to keep the Australians to stay in their jobs and support the businesses that got affected by crucial economic influence caused due to COVID-19. Almost six million of the employees will get a...
Payroll Tax Relief for Businesses in Australia
Including Australia's acts, four Australian governments provided their own stimulus packages formally issued. A description of the main payroll tax concessions in answer to COVID-19 from all States and territories is given below. Payroll Tax Concessions - COVID-19...
COVID-19 JobKeeper Wage Subsidies: Accountant Overview
An Overview by Accountant of the Latest Prompt Measures Coronavirus is not only a health emergency in the world, but also an economic too. In order to control the spread of this pandemic, different authorities are taking different measures. Authorities have imposed...