Stay Up-to-Date on Accounting Regulations

How to Stay Up-to-Date on Accounting Regulations

In the dynamic world of finance and business, staying updated on accounting regulations is integral for financial success. With constantly shifting rules and guidelines, businesses should stay updated on accounting regulations to avoid hefty fines and maintain a positive reputation. This blog explains the importance of staying informed and how accountants play an important role…
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The ‘Airbnb’ Tax

Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators. The Victorian Government’s recent Housing Statement announced Australia’s first short-stay property tax. The additional tax, which is scheduled to come into effect from 1 January 2025, is expected to generate $70 million…
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$20k deduction for ‘electrifying’ your business

General
Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction! The small business energy incentive is the latest measure providing a bonus tax deduction to nudge the investment behaviour of small and medium businesses, this time…
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Accountant Using A Calculator

5 Ways Accountants Can Save You Money

Imagine having a trusted financial partner by your side, helping you navigate the intricate world of money matters. Whether you’re an individual looking to secure your financial future or a business owner aiming to boost profitability, accountants can play a pivotal role in saving you money. In this blog post, we’ll explore five essential ways…
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Property subdivided

Thinking of subdividing?

The tax implications and pitfalls of small-scale subdivisions 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…
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Succession Planning

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

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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