Accounting

When do you need to register for GST?  It’s a question every growing business in Australia will face at some point.  Since July 2000, Australian businesses have adapted to this taxation system that replaced the old sales tax model. The change aimed to create a fairer approach to business taxation, adding 10% to most goods

Note from Kylie: This week, Melissa Cavers from Maplefly Money shares her take on fixed-rate home loans. With interest rates being such a hot topic, her practical insights come at just the right time. As we approach the next phase in the interest rate cycle, some lenders have already reduced their 2-3 year fixed rates.

Nobody enters into marriage planning for divorce.  However, if you find yourself going through one, taxes and rebuilding finances after divorce are probably the last thing you want to think about.  During the emotional turmoil of a divorce, it’s easy to overlook or put off tedious financial tasks. You may feel paralysed by unfamiliar terminology

What is a profit & loss statement, and why is it crucial for your business?  This financial report provides a snapshot of your company’s revenue, expenses, and ultimate profitability over a given period. As a business owner, being familiar with your profit and loss statement is key to making informed decisions about your operations, investments,

As costs continue to rise across many sectors, managing finances has become an increasing struggle for individuals and businesses alike during this cost-of-living crisis. Everyone feels the squeeze on their wallets, from higher grocery bills and utility rates to inflated prices for goods and services. Thankfully, there are practical strategies and budgeting techniques that can

In the business world, attractive remuneration packages are essential for attracting and retaining top talent.  While cash salaries are the most common form of compensation, many employers also offer additional benefits to their employees, such as company cars, entertainment allowances, or discounted goods and services. These “fringe benefits” can be valuable to an employee’s overall

Running a business often feels like a high-wire act—with financial management, tax obligations, and regulatory compliance all vying for your attention.  Amid this challenging landscape, an accountant can be your safety net and guiding hand, transforming complex financial matters into opportunities for growth and success. Our role extends far beyond crunching numbers—we are your strategic

It’s that time of year again to start thinking about tax planning. As the end of the financial year approaches, maximising your tax deductions and minimising your tax liability should be top of mind. But, have you ever wondered why some people handle tax season with apparent ease while others scramble at the last minute,

Why is it that, despite the complexities of our financial landscape, the essential task of educating our children on financial matters often goes overlooked? Financial literacy for kids encompasses far more than teaching them to recognise money – it’s about instilling an early understanding of financial management, the significance of savings, and the careful use