It’s A New Financial Year: Is Your SMSF Ready?

With a new financial year comes new responsibilities for SMSF trustees. From managing super contributions to reviewing your investment strategy, the start of a new financial year poses a suite of opportunities to conduct an SMSF review. We’ve shared our top tips for SMSF members wanting to get ahead of the game this new financial […]

6 Tips for Choosing a Small Business Accountant

Finding the right small business accountant to handle your business tax affairs can be complicated. In this blog, we share the top things to look for when choosing a small business accountant. What To Look For When Hiring an Accountant for Your Small Business? A small business accountant is an individual or a firm that […]

Legally Structuring Your Family’s Small Business

Family businesses make up around 70% of all businesses in Australia. Most family businesses start off organically. Someone has an idea for a new enterprise and starts a side project that takes off. Or perhaps a member of the family buys a store or food outlet, and the rest of the family pitches in. While […]

Are Charity Donations Tax Deductible?

Most Australians have one or two charities that they feel passionate about. On the whole, we’re pretty generous when it comes to giving too – over 80% of Australians give to charity every year. Whether your charity is a grass-roots community initiative, an issue that’s touched you or your family, or a cause that aligns […]

How To Claim Tax Back On Work Expenses

The time’s approaching to lodge your tax return. Have you started thinking of any work-related expenses you paid this last financial year? You may be able to claim some expenses as tax deductions and reduce your taxable income. Which means more money back in your pocket. Here at National Accounts, that’s something we love to […]

Benefits of Cloud Accounting

It seems like everything happens in the cloud these days. Social media, file storage in Dropbox or Google Drive, collaboration tools like Slack or Trello… they all live in the cloud. But don’t be fooled into thinking the power of the cloud is limited to crazy cat videos and real-time chat. Currently, over 42% of […]

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 […]