Accounting tips, industry developments or simply news from our offices.
The current aussie bushfire crisis is a devastating disaster on a heartbreaking scale. So for this week, we are donating 50% of our income to the NSW Rural Fire Service and the victims of the bushfire disaster.
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Change, as they say, is the only constant in life. And so it is in the accounting industry too. Accountants Daily will be holding their annual Accountants Strategy Day in Melbourne and Sydney in September, and the focus will be on issues and opportunities for accounting firms today. We'll be one of the speakers, and if you're in the accounting game (or would like to be), then we'd love to see you there.
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Our tax system. It isn't perfect and it isn't always fair. Public Accountant Magazine recently asked us for our thoughts on what we thought of tax policy, and how it affected small businesses, and it didn't take us long to think of at least a few things to say....
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A little while ago, we did a post on busting some myths on cryptocurrency, and what you have to keep in mind for your tax return this year. But now we're all over crypto, the Lamborghini you were going to buy with your gains is now a 1997 Hyundai Excel (that you had before anyway), and you're about to embark on the annual chore of preparing your tax return. So what do you do?
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One of the daunting things about starting a business are all the unanswered questions: should you be a sole trader or a company? How does GST work, and do I have to register for it? And many more...but there is now at least a little help in the form of the Business Registration Service, a new government initiative to streamline the process of starting a business. But is it all that you need, and would you still need to come and see an accountant? Accountants Daily interviewed us to find out.
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The $20,000 Instant Asset Write-Off is probably the most relevant and widely-used tax benefit to small business, and it may be a term that you've heard lately in the latest Budget. But what does it mean for the average small business? Accountants Daily interviewed us to find out.
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If you're riding the emotional rollercoaster that is cryptocurrency, then at some point, we should talk about how crypto affects your (Australian) tax return: whether you daytrade, hodl, or are just a tourist. We'll try to bust some urban myths about crypto and your taxes, and give you some direction on what you need to do.
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We're stoked that Australia's leading publication to the industry, Accountants Daily recently sat down with us to find out what makes us tick, and how we use accounting technology to deliver a better service.
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So you've been doing engineering, marketing or business improvement for a big company, you have a stellar CV, and now you've made the awesome choice to strike out on your own. You have some clients and are starting to get really busy, but what's the best way to sort out your accounts? It doesn't have to be difficult or expensive.
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If you’re planning to attend one of the upcoming 2018 Xero Roadshows then why not stick around for Receipt Bank + Practice Ignition's panel discussion? I’ll be joining a panel of my friends in accounting to talk about how to harness the power of tech to increase your efficiency and save time. It'll be fun!
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