Accounting Demystified, Business Optimized
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🚫 2025 Budget – Australia’s 2-Year Foreign Buyer Ban: What It Really Means for Property Developers & Real Estate Businesses
3 minutesRead more: 🚫 2025 Budget – Australia’s 2-Year Foreign Buyer Ban: What It Really Means for Property Developers & Real Estate BusinessesI’ve been thinking a lot about the recent Federal Budget announcement. Particularly the below: “From 1 April 2025, the Australian Government will introduce a two-year ban on foreign investors purchasing existing homes.” If you work in property, this probably didn’t sound groundbreaking – after all, non-residents were already mostly limited to new or off-the-plan purchases…
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2025 New Year’s Resolution: Should Your SME Outsource Its Finance Function?
3 minutesRead more: 2025 New Year’s Resolution: Should Your SME Outsource Its Finance Function?As we kick off 2025, many small and medium business owners are setting resolutions to improve and grow their businesses. One often overlooked area where significant gains can be made is in your finance function. Should you continue handling your accounting and bookkeeping in-house, or is it time to outsource? Let’s explore the benefits of…
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Grateful for a Year of Progress and Recognition
1 minuteRead more: Grateful for a Year of Progress and RecognitionThis year has been a busy one, full of challenges and growth, and I wanted to take a moment to share some personal news. I’ve recently been named a finalist for Accountant of the Year at the 2024 Australian Financial Industry Awards, which is a huge honour that I’m very grateful for. Earlier in the…
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The Truth About Tax Refunds and Other Misconceptions About Accounting and Taxes
6 minutesRead more: The Truth About Tax Refunds and Other Misconceptions About Accounting and TaxesAfter conducting countless meetings and phone calls with clients over the years, I’ve noticed several recurring misconceptions about accounting and taxes. As we enter the busy tax season, I want to share 11 common misconceptions that I’ve heard from people time and again. Understanding these myths can make a big difference in your financial decisions…
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Investment Property – What Can You Claim As Tax Deductions
4 minutesRead more: Investment Property – What Can You Claim As Tax DeductionsInvesting in property can be an exciting journey with the potential for significant financial returns. However, understanding the tax implications is crucial for maximising your investment’s profitability. In this guide, we’ll explore the key tax considerations for investment properties, covering upfront costs, regular deductions, and tips for optimizing your tax situation. Rental Expense Categories When…
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Essential End-of-Financial Year Checklist to Propel Your Business into FY2025
3 minutesRead more: Essential End-of-Financial Year Checklist to Propel Your Business into FY2025As we bid farewell to the 2024 financial year, it’s crucial to start the new financial year on the right foot. Here’s a practical checklist to help you transition smoothly into 2025FY: 1. Payroll and Reporting: Ensure your payroll is up-to-date and don’t forget to complete your Single Touch Payroll (STP) reporting by 14th July.…
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Strategic Planning for Business Owners and Individuals – Navigating the Stage 3 Tax Cut
3 minutesRead more: Strategic Planning for Business Owners and Individuals – Navigating the Stage 3 Tax CutApologies for my absence over the past couple of weeks! After a much-needed break, I am now back, refreshed, and ready to dive back into the grind. As July 1st approaches, the upcoming Stage 3 Tax Cut is nearly here. While we’re still awaiting the official budget, let’s work with the pre-budget version for planning…
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A Must-Read Guide: Bookkeeping for SMEs in Australia – Navigating the Essentials
4 minutesRead more: A Must-Read Guide: Bookkeeping for SMEs in Australia – Navigating the EssentialsSmall and Medium-sized Enterprises (SMEs) form the backbone of the Australian economy. Effective bookkeeping is crucial for these businesses to thrive. Good bookkeeping practices not only ensure regulatory compliance but also provide clear insights into financial health, guiding strategic business decisions. In this post, we’ll explore the do’s and don’ts of bookkeeping, highlighting important aspects…
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Stage 3 Tax Cut – Changes You Need To Know
1 minuteRead more: Stage 3 Tax Cut – Changes You Need To KnowAustralia’s tax landscape is set to undergo significant changes with the announcement of the Proposed Stage 3 Tax Cuts. If passed into law, these changes will come into effect from 1 July 2024. Here’s a breakdown of what’s changing: With these adjustments, the Australian resident personal income tax rates from 1 July 2024 are proposed…
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Early Stage Innovation Company (ESIC) Tax Incentive: A Simple Guide for Australian Entrepreneurs & Investors
2 minutesRead more: Early Stage Innovation Company (ESIC) Tax Incentive: A Simple Guide for Australian Entrepreneurs & InvestorsEarly Stage Innovation Company (ESIC) is an initiative designed by the Australian government, that offers attractive incentives to both companies and investors. In this blog post, we’ll delve into the key aspects of the ESIC scheme, helping you understand how it can benefit your start-up venture, and also for you, “Mr/Ms Investor”, who’s looking at…
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