The three biggest drains on our money are paying for housing, food and transport; and there’s no getting away from the fact that it is unlikely we can live without any of the ‘big three’. Here we look at some ways of how to save on these items. Saving on rent in the Big Smoke...
Avoid the superannuation death tax While there has not officially been any death duties in Australia for decades, they definitely still exist, albeit under another name – superannuation death benefit taxes. As superannuation assets and individual balances continue to grow, more and more Australian families will receive a rude shock after the death of a...
Saving money doesn’t come naturally to everyone. Some people are wired to save – for others it takes a bit more discipline; but developing good savings habits can do so much for both your financial wellbeing and your future security. Just like money compounds over time, so do our habits. The more we see progress,...
Investing Strategies for Financial Freedom: Leveraging Melbourne’s Elite Financial Planning Services
Overview In this article we give a big-picture overview of financial planning services and how to use them in Australian financial markets.as well as assist readers in We aim to help readers understand the challenges associated with investing, selecting the most appropriate options, and maximizing returns. We also discuss various benefits of investing strategies, with...
Introduction to E-Commerce Operations E-Commerce companies face a variety of challenges such as tracking inventory and sales across different platforms, detecting and preventing fraud, accounting for digital goods in a unique way, managing returns, establishing payment gateways, optimizing shipping costs, meeting tax requirements, enhancing user experience, integrating with ERP and CRM systems, supporting multiple languages,...
Our recently published Nov 3rd Practice Update contains a recommendation from the ATO for trustees of SMSFs to seek professional advice from a licensed financial adviser before investing in crypto assets. It also contains a warning that some organisations offering to help set up such an investment are not licensed to provide financial advice, and...
Accounting firms help business clients by providing business advisory services. By understanding their client’s business, an accountant can provide insights and recommendations on how to improve various aspects of the business. This can help businesses to be more efficient and effective, and ultimately, more profitable. This can include providing advice on financial planning, tax minimisation...
Accounting is essential to running a business. It provides information that businesses need to make informed decisions about where to allocate their resources. Accounting firms can offer a wide range of accounting, business information and advisory services. These services are used by many types of companies, but the largest group of clients in any geography...
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. Business growth requires making decisions about how to allocate resources to achieve desired objectives. Accounting information is essential for making sound decisions about where to allocate resources to achieve growth objectives. Broadly speaking, there...
In this article we cover practical reasons to work with a tax accountant who has a background in financial advisory for small businesses. Simply Put, Tax Accountants who have a background in Financial Advisory Services Can Help You Save Money While You Grow Your Business Introduction A tax accountant who has a background in financial...
To claim a deduction for a work-related expense, as per ATO, you must meet the 3 golden rules: 1. You must have spent the money yourself and weren’t reimbursed. 2. The expenses must directly relate to earning your income. 3. You must have a record to prove it (usually a receipt). source: https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/ You can...
HOC helps you to reduce the stress of personal tax obligations by making your tax return work in your advantage. Everyone who lives and works in Australia is required to file their tax return, but it can be difficult and risky if you don’t know the laws and regulations. If something is missed, you could...