accountant Archives - The Garis Group

The ATO’s final position on risky trust distributions Copy

February 10, 2023

The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family groups will pay higher taxes because of the ATO’s more aggressive approach. Section…

SMSF reporting changes from 1 July 2023

February 10, 2023

Heather Moore

accountant, self managed super, SMSF

If you have an SMSF with a total balance of less than $1 million, from 1 July 2023 you will need to report quarterly to the ATO instead of annually. Previously, SMSFs with a balance under $1m reported annually at the same time as lodging the SMSF annual return.

Is ‘downsizing’ worth it?

February 10, 2023

Heather Moore

accountant, property investment, Retirement

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs. What’s a…

Is Investing In Property Still Profitable With Interest Rate Rises?

January 23, 2023

Heather Moore

accountant, property investment

There has been a lot of talk lately about interest rates rising and how this will impact investors in the property market. Many are wondering if property investment is worth it, considering that house prices have also been rising. So, is investing in property still profitable with interest rate rises? Let’s take a closer look.…

The Garis Group Wins Best Small Business Accounting Firm in Australia

March 1, 2021

Emma Zajac

accountant, Accounting, Awards, Bookkeeping, business, Financial Planning, property investment, Small Business, Small Business Accoutant, Small Business Champion Awards, SMSF, Tax, Tax Agents, Tax Return

In some exciting news for Newcastle & the Hunter over the weekend, local accounting firm The Garis Group won best small business accounting firm in Australia at the nationally recognised Small Business Champion awards at the International Convention Centre in Darling Harbour, Sydney on Saturday night. The awards night was postponed several times throughout 2020…

Couple Wanting to Change Accountants but don't know how

The Daunting Decision of Changing Accountants

March 13, 2020

Emma Zajac

accountant, Small Business, tax agent

Whether you’re a sole trader working from home whilst juggling the kids, own a cafe, just purchased a franchise, or run an established business, owning and operating a small business can be challenging even at the best of times. When there are downturns in the economy, or lending institutions tighten credit, a small business owner…

How to Choose the Right Accountant

March 3, 2020

Emma Zajac

accountant, Small Business

Choosing an accountant is like choosing a new business partner. The right accountant will become a trusted colleague you can depend on, who offers advice and guidance as your small business grows. So what are the top things you need to look out for? Top tips for choosing an accountant Once you’ve decided it’s time…

Tip Tuesday | Top 10 questions you need to be asking your accountant

September 3, 2019

The Garis Group

accountant, Questions, Tip Tuesday, Tips

Whether you have an accountant already or you are completely new to the idea, this ones for you… If you rely solely on free or inexpensive accounting tool or advice, instead of a trained professional accountant, it could be a costly mistake for you or your business. Investing in a professional accountant that has the…

Are you using a Tax Agent or an Accountant?

June 7, 2018

Emma Zajac

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…

The ATO’s final position on risky trust distributions Copy

SMSF reporting changes from 1 July 2023

Is ‘downsizing’ worth it?

Is Investing In Property Still Profitable With Interest Rate Rises?

The Garis Group Wins Best Small Business Accounting Firm in Australia

The Daunting Decision of Changing Accountants

How to Choose the Right Accountant

Tip Tuesday | Top 10 questions you need to be asking your accountant

Are you using a Tax Agent or an Accountant?

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