Blog

“We’re having too many %$*# meetings!”  We all hate them, but no matter if it is for business or personal, they are a necessary evil! Have you ever calculated the cost of a meeting??  For example a one hour meeting of directors and senior staff in my organisation equates to approximately $1,500 in lost chargeableRead more

When I finished high school and got my “O” level results (TEE to the very young), my Dad asked me what I planned to do.  When I said that I was not sure, as passing the exams was my priority, he frog-marched me to the offices of the large reputable accounting firm of Cooper BrothersRead more

1 in 3 ….do you like those odds?  Talking about winning Lotto, you probably do! In getting cancer, suddenly those odds don’t look so great.  Is Life Insurance worth the money? Four weeks ago a friend of mine passed away from Hodgkin’s Lymphoma.  He was 40 years old. Yes, only 40. He left behind his wifeRead more

Do you perform errands from your workplace in your own vehicle? Do you use your car to carry bulky work tools and equipment and can’t store them safely at your workplace?  Do you travel from different job sites each day? These are the types of questions that tax agents will ask to help assist youRead more

Another step towards simplifying payroll reporting obligations for your business As accountants and bookkeepers are well aware – many small businesses encounter the problems of correctly reporting payroll information to the Australian Taxation Office (ATO), which can sometimes lead to a time consuming and costly process. Recently, the Minister for Small Business has announced aRead more

Mention the word ‘Tax” to anybody and they instantly think of Income Tax – the annual totalling up of income and deductions and lodging a return. If you’re a business operator, you might have quarterly or monthly GST obligations that also spring to mind. Regardless of your circumstances, at this point you’re probably thinking thatRead more

Ethics in technology – there is a trend towards consumers using businesses who can demonstrate they are ethically sound. They are modifying their spending behaviour to reduce their environmental footprint, for example avoiding brands with poor “green” reputations. This pattern has continued despite the global financial crisis and the subsequent economic downturn. We live inRead more

Does the word superannuation send you to sleep like a multitude of young to middle aged Australians? It shouldn’t – it could be your largest asset. Superannuation and young Australians – I thought I’d start my research by asking the man who will most likely choose my nursing home what he knew about his superannuation.Read more

Negative gearing has always been thought of as a handy tax break. However, amongst the younger generation it is becoming synonymous with causing excessive property prices. In an attempt to bid for younger Australians’ political allegiance, the issue of repealing the negative gearing tax concessions is on the political table. For those who caught Q&ARead more