

Tax Planning: Frankly there are better ways to distribute your profits
Tax planning allows an appreciation through estimating a clients' of the current year financial performance. Based upon this an accountant works out tax optimisation strategies for example the trust distribution, utilising company franking credits or restructuring the business. Usually this is done before the end of financial year around May or June. Only companies can use franking. For a company the tax rate used to be 30%, so when company profits were taxed at 30% it create


Budget Forecasting: A pivot point for Start-up and Small Businesses
Your start-up or small business can be alike a train, a little hard to accelerate at the start of the journey but a smooth efficient machine once a speed has been established. Acquiring and having control on both resources and cash are common challenges faced by and crushing the dreams of new and smaller businesses. With the vast majority of start-up businesses failing within the first 3 years of being established, this budgeting issue is often noted as the most common undoin

Start-up Business Grants
As a start up we imagine you may be facing potentially daunting risks on your exciting adventure into establishing a business. Within this time, overhead costs can hurt cash flow and make it hard to have the time required to gain traction in your industry. Thankfully we can advise some ways of helping you through turbulent times such as selecting a suitable business structure and making use of Queensland Based start up business grants. For example one allows you to claim a ma


Common Office Claims
Be it a conscious choice to avoid a commute, or a cost cutting method for your start up business, there certainly are advantages to working from home. The better news is, that these advantages spread to claiming on your tax, and this isn't just for businesses, you can claim as an individual as well. There are a diversity of tax claims that can be made around a home based office space: -Electrical bills for cooling or heating your space and even lighting or powering your relat


Owning Investment Property: Depreciation and Negative Gearing
Capital gains taxes may hurt your returns on an asset based investment such as property. While this is the case there are some important tax claims that can be made to help balance those books and improve returns. Effective record keeping, such as related receipts for costs associated with your investment property, may allow you make claims for depreciation. Depreciation allows you to claim a small percentage of the depreciating assets cost annually. The rate depends upon th


The value is in record keeping: Keep your receipts
To make claims, be they for business expenses, work related deductions or for individual tax return claims for depreciation on investment properties, receipts and record keeping ensures that the claims you make are legitimate so later on if audited, you won't face fines and alike. Well kept record keeping can also help us get the most out of your claims you wish for in your individual, trust or business tax return. Even better again when records are kept well, we can complete