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…
Business Owner Checking Business Status

Navigating The Complexities Of Small Business Accounting

Accurate financial records are important for a business’s success, but navigating the complexities of accounting can be challenging. That’s where a professional accountant steps in to streamline the process. This guide will provide you with insights into the intricacies of small business accounting. Decoding the Basics: The Importance of Small Business Accounting First, let’s understand the…

The 120% technology and skills ‘boost’ deduction

The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions. Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for expenditure by small and medium businesses (SME) on technology, or skills and training for their…
The Garis Group Wins Best Small Business Accounting Firm in Australia

The Garis Group Wins Best Small Business Accounting Firm in Australia

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…
Two Farmers fighting bushfires on their property

News | Accounting Profession Responds to Bushfire Crisis

The professional accounting bodies have begun launching initiatives to help support accountants and their clients affected by the ongoing bushfire crisis. Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia and the Institute of Public Accountants (IPA) have now confirmed that they will be providing support to communities ravaged by the bushfire disaster. CA…

Accounting For Christmas

Here we are again – that wonderful time of the year! It seems to come around quickly (yet again), and as we get closer to Christmas we starting to think about those end of year celebrations, and recapping all of the good things that have happened throughout the year. For many business owners – and…

Couple searching online for an Accounant

How to choose an Accountant

Choosing an accountant can be one of the most important decisions in your life. If you are thinking about starting a business; or 3 years behind on your personal income tax returns; or planning to build your wealth for retirement – choosing the right accountant can have a huge impact on your success! Deciding on…

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