Our Latest Accountancy News

Tip Tuesday: Demystifying End Of Financial Year

June 26, 2018

End Of Financial Year for small business can be a stressful time, but it doesn’t have to be. Here’s what you need to get through it, and some tips on how to minimise the drama. What is the Australian financial year? The Australian financial year (also the Australian tax year) runs from 1 July to…

Tax Warning for Holiday Home Owners

June 20, 2018

Emma Zajac

Information, Insight, Money Talk, Property

ATO, property investment, rental property, Tax, tax office, Tax Time, taxpayers

This year, the Tax Office issued a warning it was targeting “the large number of mistakes, errors and false” claims made by rental property owners who use this property for their own personal holidays. If you own a rental property and it’s being rented consistently by the one tenant, this warning doesn’t apply to you.…

Tip Tuesday – Mobile Technology Trends for Small Business

June 19, 2018

Emma Zajac

Information, Small Business

Small Business, technology, Trends

More of your customers than ever before are using smartphones and tablets to research a product or service. Your business can’t afford to ignore this trend and be left behind. So how do you keep up to date with the latest mobile technology trends? Smartphones and tablets are changing everything You probably own a portable…

Countdown to Tax Time

June 14, 2018

Emma Zajac

Information, Small Business, Spending

Refund, Small Business, Tax, Tax Planning, Tax Time

If your tax planning usually consists of joining a queue to buy stationery shortly before midnight on June 30, it might be time to think ahead. Some deductions require more forward planning, particularly as the financial year-end falls on a Saturday in 2018. Bates Cosgrave director Matt Zhou says: “Tax planning should start as early…

Tip Tuesday – How to Grow the Family Business

June 12, 2018

Emma Zajac

Insight, Small Business

businessgrowth, familybusiness, growth, smallbusiness

Running a family business and working with family members presents unique advantages, and unique challenges. If you’ve built up your own business, now might be the time to bring in other family members. Here’s how to avoid some of the pitfalls. The benefits of keeping it in the family It’s unusual to see…

Are you using a Tax Agent or an Accountant?

June 7, 2018

Emma Zajac

Information, Insight, Small Business

accountant, advice, Small Business, Tax, tax agent

One of the critical areas that small-business owners need advice on is income tax. This advice is needed when the business first starts as to what type of entity to operate the business through, continues each year so that the owner maximises their income tax benefits, and when the business is sold so they can…

Business for Good: Our June Contribution

June 6, 2018

Emma Zajac

General

Hello Everyone! As you may or may not know, The Garis Group are proud partners of B1G1-Business for Good. B1G1 is a Social Enterprise and non-profit organisation with a mission to create a world that’s full of giving. Unlike conventional giving models, B1G1 helps small and medium sized businesses achieve more social impact by…

Tip Tuesday: Questions to ask before becoming a Franchisee

June 5, 2018

Emma Zajac

Information, Small Business, Spending

franchise, franchisee, smallbusiness, tiptuesday

Franchises are built on proven concepts, with market-tested products, and they often come with business systems that make admin straightforward. There’s a lot to like. But there are also risks to consider. Here’s how to check if a franchise is right for you. Franchise reality check A good franchise can take some of the guesswork…

Boost your Tax Refund this Financial Year

May 31, 2018

Emma Zajac

Information, Insight, Money Talk

Accounting, ATO, Tax, Tax Refund

June 30 is rapidly approaching, which means there are things you should do in the near future to improve your financial situation. Smart tax planning means deferring income while bringing forward expenses. For example, if you have money to spare, think about placing it in a term deposit with the interest maturing after June 30.…

Tip Tuesday: When to Give A Raise

May 29, 2018

Emma Zajac

General, Information, Small Business

employee, Employer, raise, Small Business, wages

Every employee will expect a raise at some point. And if you want to get the best out of your staff, a well-timed raise can help. But how do you decide how much to give them – and when? Rewarding value Your employees will expect – and often deserve – a raise every so often.…

Tip Tuesday: Demystifying End Of Financial Year

Tax Warning for Holiday Home Owners

Tip Tuesday – Mobile Technology Trends for Small Business

Countdown to Tax Time

Tip Tuesday – How to Grow the Family Business

Are you using a Tax Agent or an Accountant?

Business for Good: Our June Contribution

Tip Tuesday: Questions to ask before becoming a Franchisee

Boost your Tax Refund this Financial Year

Tip Tuesday: When to Give A Raise

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