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Partnership Business Structure

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A partnership business structure works best when there is more than one person (up to 20 people) that decide to go into business together. There are two types of partnerships, general and limited.  A general partnership shares equal responsibility and ownership amongst partners, and has unlimited liability when it comes to debt. A limited partnership on […]

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Company Business Structure

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A company structure is a pretty complex type of business structure. It’s great if you are making a decent profit. A company is a separate legal entity So the company becomes likes its own person. Own TFN, ABN and ACN. When it comes to getting sued, it’s on the company and the company’s assets (not […]

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Sole Trader Business Structure

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The best place to start off (usually). A sole trader business structure is essentially one individual who owns and operates the business. They’re the one who is responsible for all aspects of it. The sole owner can use their individual Tax File Number to lodge their tax returns Because of this, you are not considered […]

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Travel Diaries

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I know this may seem onerous to think of keeping a diary when you are already trying to work while away but what if I told you that it would put a lot of money back in your pocket you could spend on your “holiday”? There is an overseas diary and a domestic diary depending […]

News Updates

Single Touch Payroll

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A big change that is being rolled out as of July 1st for all employers (those of you who a larger businesses would already be used to this, as it was implemented for you earlier). This is the new way of reporting tax and super information to the ATO. This means that your employees can […]

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Business Structure Overview

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Get to know your business structures! We’re going to give you a run down and introduction to the main structure types for businesses, so you’ve got the basics down pat. This structure overview will explain what do they do, why we need them, and which one is the best for you. Choosing the right structure […]

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How to jump start your New Financial Year

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Put your best foot forward this New Financial Year and get your business heading in the right direction by following this checklist, and get set up for a good looking 2020! Get that budget sorted! If I didn’t mention budget would I even be an accountant? New Financial Year = time to get those numbers […]

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2019/2020 Tax Changes

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Ahhhhhh, the new financial year. This is the time of year where the government often likes to introduce a lot of changes to tax, finances and small businesses. Where they start yelling out numbers and dates, and throwing around percentages. But just what do they mean for you? Well, we’ve put together a little bit […]

General

The Ultimate Guide To Car Logbooks

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Whether you are in business or an employee, your work responsibilities may require you to use your own vehicle. You may need to visit clients, travel between locations, make home calls, etc; this is when you need to seriously consider keeping a car logbook. I have a question; do you want to be leaving valuable […]