Month: March 2018

Small Business Tax Advice, Tax

Bookkeepers – god like or the devil incarnate

If you have made the plunge and found a bookkeeper with scrupulous loyalty and high attention to detail like Walter Payne then you’ve got the main key to the financial side of your business. Counter to engaging a God Like bookkeeper who you trust with all your business finances there is always the chance that you have employed the Devil Incarnate.

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Tax

WHAT IS SINGLE TOUCH PAYROLL AND DO YOU NEED TO DO ANYTHING?

Single Touch Payroll (STP) is the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO.  If you have more than 20 employees then you need to do something before 1 July 2018 – Yes, this year!

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Tax

TAX DEDUCTIONS IN DANGER

A recent Parliamentary Inquiry into Tax Deductions created some fairly sensational headlines about what and how deductions are being claimed – $22 billion worth to be exact. 

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Small Business Tax Advice, Tax

SAFE INSURANCE OR A FUTURE STREET FIGHT – PART 2

Ok got that paranoid defensive argument documented, lets move on. So we left off in PI-1 with you putting in a claim for PI Insurance. The shiny salesperson who sold you the insurance has flicked your claim to a set of specialist lawyers. The Wolf has entered the story. 

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Small Business Tax Advice

Professional Indemnity Insurance

A Street Fight is what you are asking for when you put in a professional indemnity insurance claim. The insurance Company lawyers don’t care if you’ve made a genuine mistake. In fact they’re looking for you to make more mistakes when you are discussing your claim. So have a listen to this, those in white […]

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Small Business Tax Advice, Tax

SAFE INSURANCE OR A FUTURE STREET FIGHT – PART 1

Most small businesses will take out Professional Indemnity Insurance, but should you need to make a claim – watch out – you are in for a street fight!

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Asset Protection

KICS – Keep It Complex Stupid

KICS – Keep It Complex Stupid – If you have a growing small business you need to setup in a trading trust and make sure you are perfectly set for both asset protection and legitimate tax minimisation. To do this successfully you will need the right advice and although complex it will save you. So […]

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Property

Subdividing your backyard

Subdividing your PPOR (principal place of residence) is a strategy we often get asked about. If you’re thinking about going down this path, there’s a lot to consider before making your decision.

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Living Estate Planning

A new child means a new will

Having a baby means so many new decisions and responsibilities from choosing a name to registering for MCC membership. But inevitably issues such as Wills, superannuation, life insurance and trusts also need to be considered.

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Lending & Finance

Get the most out of refinancing

Everyone wants to pay less on their mortgage, and refinancing is one strategy to help lower your interest rates – but is it worth it? We take a look at how you can get the most out of refinancing.

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Small Business Tax Advice

Bookkeepers should do your books

Bookkeeping is for bookkeepers and tax is for tax champions! Get your bookkeeper to do all your bookkeeping , accounting and BAS, let us the Tax Champions concentrate on tax!

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