Whether you’re an individual needing help with tax returns or a business owner seeking a business accountant with business owner experience, understanding how much an accountant charges is essential for budgeting and decision-making. Accounting fees can vary widely based on the type of services you need and the accountant’s experience, and their location. Here’s a […]
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Running a small business has its challenges. From managing operations to building customer relationships, business owners wear many hats. One critical area that often gets overlooked is the accounting and bookkeeping. Without a robust bookkeeping workflow, it’s easy to lose track of where you are at as a business, leading to errors, missed opportunities, and
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When it comes to reaching your financial goals, whether as an individual or a business owner, choosing the right accountant is a decision that can significantly impact your financial health and success. Melbourne is home to numerous accounting firms and professionals, making the selection process time consuming but worthwhile. This guide will help you navigate
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Running a business and managing your personal finances comes with its unique challenges and opportunities. With ever-changing tax (State and Commonwealth) laws and the dynamic economic landscape, hiring an accountant can make a world of difference. Here are seven benefits of engaging an accountant Melbourne. 1. Expert Tax Knowledge Australia’s and Victoria’s tax laws are
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Running a small business can be daunting yet both exciting and challenging. Entrepreneurs wear many hats—marketer, salesperson, manager — but one area often overlooked is financial management of the business. This is where a small business accountant plays a crucial role, acting as a strategic partner in driving small business growth. 1. Financial Planning and
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If you’re buying property in Victoria, Australia, understanding stamp duty is essential. Stamp duty is a tax levied by the state government on property transactions (as well on the sale of motor vehicles). This guide will help you understand the basics of stamp duty on property transactions, how it’s calculated, and whether you’re eligible for
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Rentvesting is a strategy that allows Australians to live where they like and have a rental property in a place that they would prefer not to live in. For example, if you work in the Melbourne CBD and prefer the lifestyle there, you can rent in the city while buying an investment property in a
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Superannuation, often referred to as “super,” is Australia’s retirement savings system. Established by the Australian federal government, it helps Australians build savings throughout their working life, so they can support themselves and their loved ones financially once they retire. Here’s a breakdown of what you need to know. What Is Superannuation? Superannuation is a long-term
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Tax time can be a stressful time for many individuals and business owners. With multiple lodgements and deadlines to navigate, it’s easy to understand why some may procrastinate or, worse still, forget to lodge altogether. However, missing the tax return deadline can lead to a range of consequences, from penalties to more severe actions by
Is Your Tax Return Not Filed on Time? What Could Happen? Read More »
Starting a business in Australia means understanding Goods and Services Tax (GST) – a 10% consumption tax on most goods and services. Knowing when and how to register for GST is important to ensure you stay compliant with Australian Taxation Office (ATO) rules. Here’s what you need to know about GST registration: What is GST?
What Do You Need to Register for GST? Read More »
