Public Practice Chartered Accounting
Virtual Chief Financial Officer
Is your business at a stage where you need a little assistance to help it develop to the next stage? Hiring a full time Chief Financial Officer (CFO) is often far too costly for a Small to Medium sized Enterprise so consider our virtual CFO services to help you grow your business. This will allow you to access business resources without having to risk hiring an expensive employee that might not integrate into your business.
Preparation of Financial Statements detailing your business’ financial position and performance. Salary Packaging Make sure you and/or your employees are maximising their salary by packaging benefits! We specialise particularly in medical and IT industries. Budgeting & Cashflow Analysis Assistance with the preparation of Budgets and Cashflow to maximise working capital.
Business Health Checks
A business health check reviews the following aspects of your business: – Business Overview and strategy – Financial Management – Marketing – Information Technology – Intellectual Property – Human Resource Management – Debtor Management – Business Continuation – Corporate Wills and Owner Agreements – Management Skills and Processes – Exit Strategy You may choose to take the Business Health Check Report and have management work through the points, or we can address the matters raised over a series of consultations
Understanding the Corporations Act can be a complex task with potentially large penalties for breaches of the act. Contact us to ensure your business practices adhere to the Act.
Preparation of summary reports detailing the performance of a business over a specified time frame using a range of tools such as Key Performance Indicators, Trend Analysis and Balanced Scorecards.
Preparation and lodgment of taxation related documents including but not limited to: – Income Tax Returns – Business Activity Statements – Proactive Tax Planning – Payroll – Research & Development
Happy new financial year! Below are some of the changes to be aware of which from 1 July 2023: There’s an increase in superannuation guarantee to 11% (was 9% in 2013 and will be 12% by 2026). The instant asset write-off reduced to $20,000. The national minimum wage and award rate was increased to $23.23 per Read more about 2023 Checklists & Tax Changes[…]
Hope you had a good Easter break. We would like to help you to reduce your tax in 2023 – allowing you to: Reduce your home loan or credit card debts Top up your Superannuation Save for a holiday Build a deposit for an Investment Property Pay for your children’s education Upgrade your Car Tax Read more about Action required: Tax planning tips and offer for 2023[…]
The ATO recently released a draft tax guidance (PCG 2022/D4) for claiming tax deductions for working from home. You need to be aware of these changes so that you can keep the appropriate records to maximum your tax claims in your 2023 Tax Return. WHAT ARE THE KEY CHANGES? From 1 July 2022, the ATO Read more about Tax Tip: Changed Record Keeping Requirements For Working From Home[…]
What the 2022 Federal Budget Means for You The Treasurer, Dr Jim Chalmers, handed down his first Federal Budget (an updated budget for the 2022/23 financial year) on Tuesday evening. The good news: there were hardly any tax or superannuation changes impacting small or medium size business. The bad news: with interest rates rising, high inflation and labour costs rising, Read more about How Will The Latest Federal Budget Impact You?[…]
Feel free to use the checklists below to assist in collecting your year end documents: Checklists Business Financial Accounts & Tax Is it tax deductible? Items to consider Property Investor Guide Homeoffice expenses (including COVID19 changes)
Happy new financial year! Please invest 5 minutes into reading this newsletter to be current with tax changes and administration which may impact you. Some of these admin items will help minimise your tax while thers will reduce your exposure to an ATO tax audit. We have outlined these key areas below to assist you: Brief Read more about Happy new financial year! (22/23)[…]
There will be many tax changes announced which may impact you after the recently released 2022 Federal Budget and upcoming Federal Election. We would like to help you to reduce your tax in 2022 – allowing you to: Reduce your home loan or credit card debts Top up your Superannuation Save for a holiday Build a Read more about Action required: Tax planning tips and offer for 2022[…]
With a Federal Election due in the next 8 weeks, the Morrison Government made its bid for re-election with the following headline announcements in the Federal Budget released on Tuesday 29 March 2022: Petrol tax slashed by 22 cents per litre for 6 months from Budget night. 10 million low and middle-income earners will receive Read more about 2022 Federal Budget[…]
And that’s a wrap on another eventful year. I’m very grateful to be based in sunny and largely restriction free Queensland when I hear stories from interstate and overseas clients. In 2020 we assisted many businesses through a tense time of uncertainty while 2021 was a manic year of business restructures, mergers & acquisitions and Read more about Christmas Newsletter![…]
Director ID’s You may have seen recent news articles stating that all company directors must have director ID’s by 1 November. Some of these articles are alarmist so let me assure you that there’s no reason to panic. Yet. The system accepting director ID applications opened yesterday however the application deadline depends on when you were Read more about Nov 2021 Newsletter + Director ID’s[…]