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What Are the Best Accounting Practices for Your Online Business?

accounting for Online Business

In the dynamic and rapidly evolving landscape of online commerce, maintaining a firm grasp on your business finances is paramount. A key player in this realm is the business accountant, whose expertise ensures that your online enterprise remains financially healthy and compliant. In this article, we’ll delve into the essential accounting practices that can empower […]

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Family Trusts: What You Need to Know for Effective Business Planning

Business Planning

CHAPTER 1: Understanding Family Trusts and Their Benefits In this chapter, we’ll delve into the fundamental concepts of family trusts and explore their advantages for business owners. We’ll also highlight how a business accountant in Melbourne can play a pivotal role in structuring and managing a family trust for optimal results. CHAPTER 2: The Role

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Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions

tax implications

You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications. Many small-scale developers often assume that their tax exposure is minimal – but this is not always the case

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Succession: What does it take to hand your business to the next generation?

business succession

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners. When it comes to generational succession of a family business, there are a few important aspects: Succession of the

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Finding the Right Business Accountant for Your Small Business 

Business Accountant

Running a small business comes with a myriad of responsibilities, and managing your finances is undoubtedly one of the most critical aspects. While you might be a pro at your core business operations, navigating the complexities of accounting and taxes can be daunting. This is where a skilled and reliable business accountant can step in

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Minimizing Capital Gains Tax (CGT) in Australia

When it comes to managing your investments and business ventures in Australia, understanding and minimizing Capital Gains Tax (CGT) can significantly impact your financial gains. CGT is levied on the profit you make from selling an asset, such as property, shares, or business assets. However, with the right strategies and guidance from a knowledgeable business

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How Do High Income Earners Reduces Taxes in Australia

melbourne business accountants

In Australia, high-income earners often face the challenge of managing their tax liabilities while striving to protect their hard-earned income. Through prudent financial planning and leveraging the expertise of Melbourne business accountants, individuals can employ various strategies to reduce their tax burdens legally and ethically. In this blog, we will delve into some key tax-saving

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The Benefits of Shared Office Spaces in Melbourne

Shared office space Melbourne

Shared office spaces have gained immense popularity in Melbourne in recent years, transforming the way people work and collaborate. With its bustling business scene and thriving entrepreneurial spirit, Melbourne offers numerous shared office spaces that cater to diverse professionals and businesses. In this article, we will explore the benefits of shared office spaces in Melbourne

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What changed on 1 July 2023

wage increase

Employers & business Superannuation guarantee increases to 11% from 10.5% National and Award minimum wage increases take effect. The minimum salary that must be paid to a sponsored employee – the Temporary Skilled Migration Income Threshold – increased to $70,000 from $53,900. Work restrictions for student visa holders reintroduced to 48 hours per fortnight. The

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