SMSF Accounting Services For Entrepreneurs
Running a Self Managed Super Fund (SMSF) can be a rewarding endeavour, giving you more control and flexibility over growing your retirement savings. But an SMSF is a complex structure that requires careful management to make sure you’re following your compliance requirements, while also getting the biggest bang for your buck. Our experienced SMSF accountants work alongside […]
How to File Taxes for Your eCommerce Business in Australia
As an ecommerce store owner, you’ve got a lot on your plate. From sourcing products, driving traffic to your store, answering customer enquiries, and more, it can feel like you’re working 10 jobs at once! But there’s another important job that often gets pushed to the side… managing finances and of course, doing your taxes! […]
Should You Access Your Superannuation Early? – The Pros & Cons
Generally speaking, superannuation in Australia must not be accessed until you reach your applicable preservation age and retire from the workforce. That said, there are certain circumstances that permit you to access funds from your superannuation early. In this guide, we’re unpacking the pros and cons of accessing your superannuation early, and what the implications […]
Capital Gains Tax on Investment Properties
One of our key focuses at National Accounts is to help you maximise the tax benefits you’ll receive on your investment property. Among other things, you can get hit for capital gains tax if you turn a profit on your sold property. To help you minimise or even completely avoid paying capital gains tax on […]
How to Plan for the Next Financial Year
A new financial year is an opportunity for individuals and businesses to focus on their tax planning efforts. The better you plan, the easier it is at tax time – for you, and your accountant. The tax planning process Tax planning differs from standard tax compliance. While tax compliance involves on lodging your tax return […]
Working From Home Tax Deductions Explained
The rise of remote working has seen more and more employees switch to working from home. For many Aussie tax payers, this opens up an entire new realm of home office tax deductions. At National Accounts, we’re your trusted tax specialists, here to ensure you’re not paying more tax than you need to. We’ve rounded […]
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 […]