Kylie Baker

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 …

Rebuilding Finances After Divorce: Restart Strong Read More »

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, …

What Is A Profit & Loss Statement?  Read More »

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 …

How To Manage The Cost of Living Crisis: Thrive in Economic Turmoil Read More »

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 …

Fringe Benefits Tax Explained for Businesses Read More »

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 …

How An Accountant Can Help A Business Succeed Read More »

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, …

Tax Planning Strategies – Making Your Cash Work For You Read More »

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 …

Financial Literacy for Kids: Starting Early Read More »

Owning an investment property can be a fantastic way to build wealth and secure your financial future. However, the complexities of tax on investment properties can quickly become confusing. As a Central Coast accountant deeply familiar with the complex issues of property taxation in Australia, I’ve witnessed firsthand how the intricacies of negative gearing and …

Tax on Investment Properties: CGT and Negative Gearing Read More »