An accountant or bookkeeper will free you up to focus on your core business. Plus they’ll allow you to spend more time with family and friends, which is a really great perk of making a good business decision. Owner-managed businesses often do their own accounting and bookkeeping to try and save money. This Xero Small Business Guide explains why you need to get an accountant or bookkeeper, and how to get the best value out of using one. https://www.xero.com/au/small-business-guides/accounting/why-you-need-an-accountant/
Contact us if you require any assistance www.smartbusinesssolutions.com.au 0359 11 7000
Falling behind on your BAS lodgements looks like an administrative problem. Left long enough, it becomes an expensive one, because the GST you collected stays payable indefinitely while the GST credits you are owed disappear after four years. Here is what that looks like in dollars.
With negative gearing now quarantined for established dwellings, new house and land has become the sensible play for investors — but there is a trap in the first eighteen months. Interest on the land is denied, while interest on the construction is not. If the bank has written one loan, someone has to do the sums. Here is why it pays to split the loan before you sign.
When the draft legislation for the trust minimum tax was released, it came with a reassurance: if you do not want to restructure, you can simply make an election instead — no restructure, and no state stamp duty. That is accurate, but it is also a very small part of the decision. Here is why you should choose your structure for the eventual sale of your business, not for the announcement.
