Small business company tax cut offical

By Ashley Carmichael

Tax cut for small business owners Good news if you are a small business with a turnover of less than $2m. The Senate has passed legislation to cut the company tax rate from 30% to 28.5% from 1 July 2015. For further details, please refer to the Parliament website.

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Small business asset write-off

By Ashley Carmichael from Sky Accountants

Small business owners $20,000 asset write-off to stimulate investment and growth. Instant write-off New legislation passed enables small businesses (revenue less than $2M) to claim an immediate tax deduction for all assets purchased that cost less than $20,000. Additionally, assets currently being depreciated in a small business pool will qualify for an immediate deduction where …

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Are you under-appreciating your depreciation?

By Jamie Johns from Sky Accountants

Research shows 80% of investors don’t claim all of the deductions they are entitled to. Are you one of these? What is depreciation? Depreciation is like wear and tear – it’s a recognition that your buildings and assets have a finite useful life and that they lose value over time. At tax time, you can …

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Avoiding overcapitalising

By Jamie Johns

Trading, flicking, renos, The Block. It feels like we’re inundated with tales of quick riches made through doing up property. What we don’t see so much, though, are the investors who lose money, or who invest in renovations that don’t pay adequately for the risk. We don’t generally recommend trades or ‘flicks’. We prefer buying …

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Why are accountants always on about super contributions?

By Ashley Carmichael from Sky Accountants

How to pay less tax and save for your retirement! Looking for ways to save tax?  Increase your super contributions and benefit your retirement. At some time, most people will ask their accountant for advice on how they can save tax. Invariably, the accountant will ask them if they have considered increasing their super contributions. …

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The SuperStream standard

By Ashley Carmichael from Sky Accountants

The SuperStream data and payment standard started 1 July 2014 for businesses employing 20 or more employees. These employers need to ensure that they are fully compliant by 1 July 2015. Additionally, employers with fewer than 20 employees will need to start implementation of SuperStream from 1 July 2015. This blog seeks to raise awareness …

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Expat Tax Services

By Ashley Carmichael from Sky Accountants

The acceleration in globalisation has seen a sustained increase in the number of companies seeking to expand beyond their domestic markets. It has also seen a transformation of labour markets with organisations competing for talent on a global scale.   The acceleration in globalisation has seen a sustained increase in the number of companies seeking …

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Marketing, knowing and loving your customer

By Jamie Johns from Sky Accountants

Following on from my last business mentoring blog the next cross-road covered is getting the SME to market with a laser! Cross Road 2: Smart Marketing As a business consultant I specialise in Hospitality. It’s an area I am very passionate about. I am continually amazed at the integration of retail and hospitality systems that allow …

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Paying Less Tax This Year

By Jamie Johns from Sky Accountants

Your 9 Point Checklist for Paying Less Tax This Year – (And Why This Checklist Will Be Useless to You in a Few Weeks’ Time) Time is running out. If you want to take a few simple preventative measures to minimise or defer how much tax you will pay for this Financial Year, you need …

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Personal Cash Flow

By Jamie Johns from Sky Accountants

WHERE DID IT GO?: TAKING THE MYSTERY (AND PAIN) OUT OF MANAGING YOUR MONEY Most people will quite literally earn millions of dollars in their lifetime. Yet many people struggle financially and live from paycheque to paycheque. With the ageing population and many Baby Boomers now continuing to work, at least on a part-time basis, …

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