Can you use prepayments to your advantage?

2021-06-21T17:01:38+10:0021st June 2021|Accounting, Advisory, News, Taxation|

Are you ready for the end of the financial year?

The 2021 end financial year is just around the corner, have you contact us yet to see how we can help you?

In this episode, Ryan Sheppard discusses closing your books in relation to end of year prepayments.

So, what are prepayments?

Watch episode 5 now

How can major assets save you tax?

2021-05-30T14:18:22+10:0030th May 2021|Accounting, Advisory, Taxation|

Are you ready for the end of the financial year? As accountants, we’re in the business of helping people so we decided to develop a series of videos to discuss strategies you can use to finish the 2021 financial on a high.

In this episode, Ryan Sheppard discusses major asset purchases, such as

New laws simplify insolvency for small businesses

2021-04-06T14:37:30+10:006th April 2021|Accounting, Advisory, News, Taxation|

On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.

Drawing on key features of the Chapter 11 bankruptcy model in the United States, the new system aims to speed up the insolvency process, reduce costs and where possible, restructure

Should you bring investors into your business?

2021-04-06T14:21:30+10:006th April 2021|Accounting, Advisory, News, Taxation|

Sometimes the difference between a good business and a great business is simply having sufficient capital to execute your business plan.  For many businesses, the owners have put everything they have into growing the business but there is still a gap.  Investors offer an opportunity to close that gap but at what

What you need to consider when making superannuation contributions

2020-09-23T10:00:08+10:0016th June 2020|Accounting, Advisory, Superannuation, Taxation|

About this time every financial year, it’s an excellent time to review any super contribution opportunities. However, since March 2020, there has been high volatility in investment markets, which may have created extra potential for clients to benefit. There have also been changes to super contribution rules over the last few years

Vacant land deduction changes hit Mum & Dad property developers

2020-04-28T11:01:05+10:009th December 2019|Accounting, Advisory|

Legislation that passed through Parliament last month prevents taxpayers from claiming a deduction for expenses incurred for holding vacant land. The amendments are not only retrospective but go beyond purely vacant land.

Previously, if you bought vacant land with the intent to build a rental property on it, you may have been able

What you need to know about work related deductions

2020-04-30T16:20:00+10:0027th August 2019|Accounting, Advisory|

Last financial year, more than 8.8 million taxpayers claimed $21.98 billion in deductions for work-related expenses. It’s an area under intense review by the ATO.

AH Jackson & Co partner Emmanuel Georga said tax deductions must take into consideration the direct connection to your income, the private portion of the expense and must