business tax Archives - Balance Tax Accountants

What Action Can I Take Now to Save my Business?
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What Action Can I Take Now to Save my Business?

Tax, Uncategorized

What Action Can I Take Now to Save my Business?

By btaxadmin|2020-03-29T09:13:04+10:00March 29th, 2020|Tax, Uncategorized|

Guess What. Nothing Will Happen If YOU Don’t Own this Situation and DO Something About It. What Action Can I Take Now to Save my Bacon Business? It is important to still keep on top of your business’s financial situation even if you aren’t making sales at the moment. Here are some actions you can do now: Cancel any subscriptions you won’t be needing. Stay on top of reporting obligations. Keep your biz numbers up to date (make sure your xero/ quickbooks/ MYOB are [...]

Bringing in the new Financial Year – What will you do differently for your business?
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Bringing in the new Financial Year – What will you do differently for your business?

Business

Bringing in the new Financial Year – What will you do differently for your business?

By btaxadmin|2018-10-16T04:02:04+10:00July 17th, 2017|Business|

After all the hype about EOFY sales, stocktake, tax time still in the works and everything that comes with it - we’ve all but forgotten that along with the NEW financial year comes many opportunities to trial new approaches, improve on our financial planning and get more organised! We’ve summarised a few ways that you could look to improve on your business finances in the 2017/2018 Financial Year (you may be doing these already - if so, go you!) Keep track of your expenses in [...]

2 Changes for Business Tax in the New FY That You Need to Know About
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2 Changes for Business Tax in the New FY That You Need to Know About

Tax

2 Changes for Business Tax in the New FY That You Need to Know About

By btaxadmin|2017-08-07T03:58:53+10:00June 28th, 2017|Tax|

Each new financial year, there will be changes introduced by the Australian Tax Office that affect individuals and businesses in many different ways. Last year, there were a whole host of changes that caused a bit of chaos - thankfully, settled down now and all under control. In the next few weeks however, there are some more changes coming - from July 1 - and while there aren’t many, they will be quite significant for businesses at a certain growth stage. The definition of small [...]

5 Easy Deductions That Businesses Often Miss
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5 Easy Deductions That Businesses Often Miss

Tax

5 Easy Deductions That Businesses Often Miss

By btaxadmin|2018-10-16T09:43:44+10:00June 19th, 2017|Tax|

When it starts getting close to the End of the Financial year, many businesses have a freak out about all the expenses they *forgot* to claim throughout the year, didn’t keep receipts for, or perhaps just didn’t pay attention to. We decided to compile a list of five easy deductions that you can still claim - or at least start doing so from the start of the next financial year! Coffee Catchups with Clients If you’re meeting clients or customers and spending money to do [...]

Want to break up with your old accountant? We can do it for you.
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Want to break up with your old accountant? We can do it for you.

Tax

Want to break up with your old accountant? We can do it for you.

By btaxadmin|2017-08-07T04:19:17+10:00May 14th, 2017|Tax|

If you're thinking of getting a new accountant and moving on from your existing accountant, rest assured that changing your accountant is a very smooth process. Best of all, we'll do most of the hard work for you. It's as easy as 1 - 2 - 3. Step 1 Choose your new tax accountant. (Us, naturally). Step 2 Get in touch (with an email or an appointment). It is important that you like us. Step 3 Let us break up with your old accountant. We'll do it [...]

Get Organised Now to Get Your Tax Return Dollars Faster in the New FY
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Get Organised Now to Get Your Tax Return Dollars Faster in the New FY

Tax

Get Organised Now to Get Your Tax Return Dollars Faster in the New FY

By btaxadmin|2017-08-07T04:33:56+10:00May 4th, 2017|Tax|

Every year - tax time is a rollercoaster of emotions. People get so excited at the prospect of #refunds because well, FREE MONEY!! Yas. (When really it’s kind of a loan and you’re just getting your own money back… but anyways!) Then they remember all the paperwork, and receipts they needed to collect but haven’t, and the mood sobers up again. We’re here to help you avoid the rollercoaster - get prepared earlier and not only will you be seriously stoked with yourself for being [...]

Superannuation Change is Near
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Superannuation Change is Near

Superannuation

Superannuation Change is Near

By btaxadmin|2018-10-16T04:02:52+10:00April 1st, 2017|Superannuation|

The tax year commencing 1 July 2017 brings a list of extensive changes to superannuation. Do the superannuation changes affect you? "Most of the changes to the superannuation (super) system will commence from 1 July 2017. These changes are design to improve the sustainability, flexibility and integrity of Australia's super system. Your super is your future – check to see if you are directly affected, or what these changes may provide for you to maximise your savings for retirement. Detailed information is available to help you [...]