7/43 Balmoral Road Karratha, WA, Australia • [email protected] • 08 9185 9400

BLOG

Inspiring continuous improvement so that you can create the business of your dreams

Why balance sheet is important to your business' success? #relevantreporting Jun 10, 2022
The balance sheet provides a snapshot in time of an organisation. It is often referred to as the Statement of Financial Position and is generally a backward glance at the business, that is, how it...
Continue Reading...
Superannuation due dates that you should never miss #timelytaxes Jun 03, 2022

There are a whole bunch of super guarantee obligations. There's a lot of information, and it's easy to make mistakes. So, it's best to take this seriously. If you don't pay super when it is due,...

Continue Reading...
Does my Not For Profit pay Tax? #timelytaxes May 27, 2022
Most not-for-profit businesses can self-assess their INCOME tax status.  (That is, whether they have to lodge a tax return)
 
Types of organisations that are exempt from tax include:
  • ...
Continue Reading...
Do you understand your Profit And Loss? #relevantreporting May 20, 2022
Your Profit and Loss Statement shows a list of all income and all expenses in a particular date range.
 
If you are running accounting software such as MYOB or Xero, then you should be...
Continue Reading...
Tax returns due dates that you might be missing #timelytaxes May 13, 2022

One of the biggest mistakes people make at tax time is rushing to get their return in on time, and failing to claim some of the deductions they're entitled to.

The good news is that you have a lot...

Continue Reading...
Why spending money to get a tax deduction doesn't work #cashflowclarity #timelytaxes May 06, 2022

When you spend money, if it is in relation to your work, or creating an income, that money then becomes tax-deductible.

Some people say that having a negatively geared rental property is great...

Continue Reading...
Profit is a Habit, not an event #cashflowclarity Apr 29, 2022

 Did you know that business owners need to get paid for their business too?

If you have read the Profit First book (or heard about it) you will know that the basics of the Profit First method...

Continue Reading...
6 things about tax deductions you probably don't know #timelytaxes Apr 22, 2022

Tax is complicated, and we are here to help navigate your taxes easily.  So we thought we would share some of our tax agent secrets about tax deductions that you may not have known about.

1....

Continue Reading...
How to make travelling in your own car claimable #timelytaxes Apr 15, 2022

Driving to collect supplies, or from worksite to worksite? This travel in your car is claimable!

Keep a record of how many kilometres you drive at work, and you may be able to claim a cents per...

Continue Reading...
How can you get the most out of your tax return? #timelytaxes Apr 01, 2022

Being prepared for your taxes is one of the most boring and nerdy things that you can do, right?

Wrong! Being a good custodian of your receipts can results in dollars back in your pocket - so it's...

Continue Reading...
5 Reasons why your Business needs a Tax Strategy Session #relevantreporting #timelytaxes Mar 31, 2022

A Tax Strategy session is great for a lot of good reasons, and here are the top 5.

 

1. A tax bill should never be a surprise!

We make sure that you know how much tax is due, and the due...

Continue Reading...
What is Fringe Benefits Tax and how does it apply to me? #timelytaxes Mar 25, 2022

Have you ever asked yourself, "What is Fringe Benefits Tax (FBT) and how does it apply to me? "

The truth is that fringe benefits tax is a very complicated tax but we're going to make it simple for...

Continue Reading...
1 2 3 4 5 6 7 8 9 10