SMSF: Guide to Property Investing
Property investments have grown in popularity, especially commercial properties. The idea of using self-managed super funds or SMSFs to purchase properties is an attractive prospect for Australians. But what is an SMSF? Why is there a surge in popularity and demand in using it as a vehicle for investments? An SMSF or a self-managed super […]
Cloud Accounting vs Traditional Accounting: What’s the Difference?
Over the past couple of decades, advances in technology have dramatically changed the way we live and work. The accounting industry is no different, with cloud accounting technology now offering accountants more flexibility, control, and efficiency than ever. What was once done on paper by an office-bound accountant can now be performed online by any […]
Is It Time To Outsource Your Small Business Bookkeeping?
As a business owner, you’ve got a lot on your plate. Managing staff, marketing, sales, and of course actually delivering your service or product takes up a great deal of time. Managing your finances is often the last thing on your list. You catch up on it when you can, but still, your pile of […]
When Is the Right Time to Get a Business Loan?
Taking out a business loan can help you get the capital you need to reach your goals faster. However, it’s important to take time to consider whether now is the right time for your business. In this article, we will go over key points such as understanding the different types of loans, when is the […]
How To Avoid Capital Gains Tax On Your Investment Property
Selling property can mean making a profit if you manage to sell for more than your purchase price. But, profits can trigger tax obligations. In this blog, we share our top tips on how to minimise or avoid capital gains tax on your investment property. What is capital gains tax and how much is […]
Unlocking Success: How Chartered Accountants Empower Australian Startups to Soar
As an entrepreneur, starting your own business can be a daunting task. You have to take into account financial planning, management, and compliance with regulations, among other things. With a plethora of responsibilities on your shoulders, it can be challenging to keep up with the demands of running a business. However, with the help of […]
Gamifying Cash Management in Your Business
Cash is a crucial element for any business to function. In our recent newsletter, we discussed the dissimilarity between cash and profit. The ideal situation for a business is to have favourable inventory terms, customers paying immediately, and minimal reinvestment requirements. When these factors work in your favour, the cash generated from profits becomes available […]
8 Ways To Protect Your Small Business’s Assets
There will always be risks in business, especially now that we live in a digital world that relies on technology 24/7. The thing is that businesses can’t put their safety and security on the line as they will suffer from brand mistrust, the loss of hundreds of customers, and financial ruin. So if you’re a […]
ChatGPT 4.0 for Australian Tax Accountants
Tax accountants, rejoice! The Australian Taxation Office (ATO) has bestowed upon us a gift – CHGPT 4.0, the latest web-based system designed to make our lives easier. But what exactly is CHGPT 4.0, and why should we care? Let’s dive in and find out. First off, let’s address the elephant in the room. CHGPT? What […]
Paying Taxes as an Artist on Patreon
If you’re an online content creator, you’ve probably heard of the crowdfunding platform Patreon. Perhaps you’ve even got a Patreon account, or are thinking of setting up one. Patreon is a great way for creatives to boost their income while creating the art they love. Artists can receive donations from patrons, and even offer tiered […]
