Sky Accountants Ballarat & Bookkeepers Ballarat: Manufacturing Accountants: Raw Materials and Finished Goods Inventory

Manufacturing companies have two different types of inventory: raw materials and finished goods. Raw materials inventory is used in the production of goods while finished goods inventory is used for what the company produces and sells. At Sky Accountants Ballarat & Bookkeepers Ballarat, our goal is to empower you to become a better, more finance-focused …

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Sky Update – November 2019

By Sky Accountants

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. Taxing Christmas Parties With Christmas just around the corner, many businesses are organising their end of year Christmas party. It is important to be mindful of the tax implications associated with Christmas parties …

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Sky Accountants & Bookkeepers Ballarat: Capital Gains Tax

Business owners often have their personal wealth tied up in their business. When it’s time to realise this wealth and sell the business, capital gains tax can be a factor in the amount of wealth they can retain. Some business tax are unavoidable but there are many strategies you can implement now to minimise tax, …

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Sky Accountants Bookkeepers Ballarat: Retirement Fund

Do you know how you can maximise your retirement fund value? You can manage your SMSF fund successfully and responsibly to benefit from it. Here are some ways you can do it. At Sky Accountants Bookkeepers Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at …

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Sky Accountants & Bookkeepers Ballarat: Franchise Accountant

Franchise accounting is different from other business accounting. Franchise accountants understand how to navigate and meet franchise obligations when setting business, tax and financial goals. They know the unique challenges and relevant benchmarks for different franchise models and can even help you cut through the legal red tape related to franchise agreements. At Sky Accountants …

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Sky Accountants & Bookkeepers Ballarat: Xero or MYOB?

Accounting software has now disposed paper-based ledgers and systems and even Excel spreadsheets. Hard copies of some documents are still necessary but most are now stored more safely and accessibly in cloud-based solutions. At Sky Accountants & Bookkeepers Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us …

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Sky Accountants Ballarat: Partnership Business Structure

When is a partnership structure ideal for a business? It offers flexibility to operate the business as individuals without the need of a company structure and strict reporting obligations. However, while it’s a good way to combine resources and expertise, a partnership comes with challenges as well. At Sky Accountants Ballarat, our goal is to empower …

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Sky Accountants Ballarat: Family Trust

Is a family trust right for your business? A family trust is often set up when there’s a new business opportunity, a business expansion, or a need to structure investments properly. There are tax benefits when a family trust is set up correctly but it’s important to understand its purpose to determine how it can …

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Sky Accountants Ballarat: Sole Trading or Trust?

Are you thinking of changing your business structure from sole trader to trust? Here are some things to consider. You may be growing your family business or planning your long-term wealth creation and looking for a more tax-effective business structure that protects your assets as well. At Sky Accountants Ballarat, our goal is to empower …

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Sky Accountants Ballarat: SMSF

What type of SMSF is right for you? Self-managed super funds are popular investment choices but do you really know the benefits of an SMSF as compared to industry or retail super funds? While other funds are run by external trustees for thousands of members, an SMSF is a trust structure that is run, controlled …

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