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When tax time rolls around, every dollar counts. Many individuals, small business owners, and self-employed professionals in Ipswich may be missing out on valuable tax deductions. A tax accountant in Ipswich will ensure you claim everything you’re entitled to while staying compliant with the ATO. Let’s explore some commonly overlooked deductions that could put more…
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Since the release of the final report of the Financial Services Royal Commission led by the Honourable Kenneth Hayne AC QC, there has been much discussion about how mortgage brokers are remunerated for their services. In this article we take a look at the issues and explain why the payment of mortgage brokers is such…
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Tax Planning. It’s a real buzz phrase for accountants and clients alike. Afterall, who wants to make extra donations to the Australian Taxation Office (ATO) if we don’t have to? With the start of the new calendar year and the usual annual hype about New Year Resolutions we thought we’d take a look at what…
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We regularly have the discussion with clients about why the focus should not just on revenue. Revenue is important, for sure, but we prefer to focus on a client’s bottom line. The profits. Revenue numbers can make great headlines and business owners justifiably feel good about seeing their hard work reflected in the headline number. …
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We are very fortunate we get to meet lots of different people from different walks of life. Being so lucky means, we have the opportunity to learn about what motivates people and the list if virtually endless. Some people visit us and have a long list of gripes about what they do for a living,…
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The use of service entities by professional practices is not uncommon and they can have significant benefits in a number of areas including separating professionals from administrative duties linked to running their business, and the protection of assets. There can also be some nice taxation benefits potentially facilitating the splitting of income away from the…
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All organisations need to continually work hard to keep their customers happy because failing to do so has consequences. In private enterprise there is the risk the customer may choose to spend their money elsewhere. For government departments unhappy customers can take up a lot of time and resources trying to placate them. For non-profits…
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Is the Customer Always Right? There are lots of sales experts and marketing consultants who will tell us the customer is always right. But are they? All organisations need to continually work hard to keep their customers happy because failing to do so has consequences. In private enterprise there is the risk the customer may…
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There is a view the ongoing increase in automation will eventually cause significant unemployment due to machines taking over jobs currently done by humans. I’m happy to admit this is a topic which concerns me. We’ve all seen TV show and movies depicting a world where domestic duties, manufacturing, transport etc are virtually 100% automated. …
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Over the past 12 months or so, there have been rumblings from the Australian Taxation Office (ATO) about work-related deductions being claimed by salary and wage employees so we thought we’d take a look at where they are coming from. Approximately 18 months ago, the ATO began a program of random audits reviewing work-related deductions…
