Business Tax

Book keeping what to do in the new financial year

What to do at the start of the new financial year Here is a simple checklist to make sure you start your new financial year well and with good bookkeeping. Happy new financial year from Tax Accounting Adelaide. For help with your new financial new year call for an appointment on 08 83374460 or book…

Business basics for newly arrived Australians

Tax basics for those newly arrived in Australia starting a business Apply for an ABN Apply for an Australian Business Number to comply with the Australian tax laws Produce a complying tax invoice for your sales Do you need a trading name? A business name other than your name needs to be registered Choose an…

Bookkeeping by Spreadsheets versus accounting software

Should you move from spreadsheets to accounting software… Why should I move from spreadsheet bookkeeping to using accounting software? I am often asked when businesses are new or fairly new, if they should do their bookkeeping in a spreadsheet and probably not sure why using accounting software like Xero could actually be beneficial. Yes doing…

Getting your staff right and retained

How to hire the right staff Here is some guidance on how to hire good staff and make it work well for your business. clearly define a role with the position description spend time developing staff managing a business sounds very hard but is hard if you have to do it all your self share…

Wanting to know more about tax and creating wealth from investment property About investing in property watch our video to find out more about tax and creating wealth from investment property: how and when investment property can be great for paying less tax a real example and how it affect a tax refund the risks…

30000 Immediate Asset Write Off

Good news the instant asset write off for 20k is now 30k. As we have explained before, it is a tax deduction for small business and not a refund. Small business means you must have turnover of less than $2m. Small businesses can immediately deduct one or more assets costing less than $20,000 purchased (ready…

Tips on having great little systems that work for your business Have you ever wondered why some of your simplest business systems are often the best. This month, our business networking group discussed ways of they use systems to help their businesses. Here are what some other businesses do that works for them: use job…

Tips on How to Stay Motivated in Your Business or Professional Life

This month, our business networking group discussed ways of how to stay motivated in your business and career. This was a great discussion and revealed many of us having our ups and downs on the motivational front. 1.Keep a scoreboard at regular intervals such as monthly, sitting with someone else and discussing financial performances is…

End of Year Xero Payroll Tips

End of Year Xero Payroll Tips With the year end fast approaching it is time to think about your employees’ payment summaries. To avoid busy time the end of financial year, here are some tips on what you can do now to prepare for the things that are due soon. Auto Super For Xero Payroll…

What To Do When You’re Not Generating Enough Leads

Is your business not getting enough new business leads? If so, do not panic, here are some things you can do. Review where you are spending most of your time, generally people not getting enough leads are spending not enough time on generating new leads. So try to take yourself out of the business and…