Cashflow Statement A cash flow statement can be one of the most important tools in managing your finances. It tracks all the money flowing in and out of your business and can reveal payment cycles or seasonal trends that require additional cash to cover payments. This cycle or pattern can help you plan ahead and […]
Business Activity Statement
Financial statements
Financial statements Financial Statements are records that outline the financial activities of a business, an individual or any other entity. Financial statements are created to present the financial information of the entity in question as clearly and concisely as possible for both the entity and for readers. Financial statements for businesses usually include: income statements, […]
Business Sales
Business Sales Business Sales Within a business, sales are broadly leads x conversion % x average product sale price. Interested in joining our team? Why not apply today? About Our Traineeships:- Join the Market Leader in 2016 – Accounting Traineeships Looking to study a B.Com at University of Newcastle in 2016? Bottrell Business Consultants […]
Tax Pack
Tax Pack Each year, the ATO issues a tax pack that gives individuals greater assistance to complete their personal tax return. Interested in joining our team? Why not apply today? About Our Traineeships:- Join the Market Leader in 2016 – Accounting Traineeships Looking to study a B.Com at University of Newcastle in 2016? Bottrell […]
Master Tax Guide
The Australian Master Tax Guide is Australia’s leading tax reference manual. Now in its 56th edition, it has been continually refined to help practitioners, businesses, other organisations and students quickly locate accurate answers to their tax questions. About this updated edition This practical and comprehensive new edition incorporates the continuing flow of changes of practical […]
Gifts
Gifts Gifts Generally, gifts to employees are tax deductible. This will need to be confirm based on what gift is given and how much. Interested in joining our team? Why not apply today? About Our Traineeships:- Join the Market Leader in 2016 – Accounting Traineeships Looking to study a B.Com at University of Newcastle […]
Government to repeal red tape laws
Government to repeal red tape laws The Abbott government is planning a “repeal day” in parliament in March when it hopes to axe more than 8000 federal laws in a push to cut red tape costs. The bills are to be debated in the coming weeks, with the government reportedly claiming they’ll represent the “biggest […]
Low Interest Rates Help Boost Housing Finance
Low Interest Rates Help Boost Housing Finance The demand for home loans rose slightly more than expected in November, according to the Australian Bureau of Statistics. The data showed the number of home loans granted in November rose a seasonally adjusted 1.1 per cent to 52,912. The rise in home loan approvals means there is […]
Holden leaving Australia
Holden leaving Australia holden leaving australia It has been widely reported that the manufacturing of Holden motor vehicles are set to leave Australia and production is to go overseas. Holden, has recently been advertising that the motor vehicle giant will still remain to sell motor vehicles within Australia, but production of the iconic motor vehicle will […]
Scoopon fined
Scoopon fined Scoopon fined $1 million for misleading customers The daily discount website Scoopon fined $1 million for misleading customers and businesses. In July the Australian Competition and Consumer Commission took action against the firm, which offers deals on products including holidays and accommodation, beauty treatments, gifts and entertainment. The Federal Court imposed the fine after […]
Top 5 “forgotten tax deductions”
Top 5 “forgotten tax deductions” Take a look below – do any of these deductions apply to you? Are you keeping proper records to make sure you get the best possible tax refund? 1. Cost of managing your tax affairs Did you use a tax agent to prepare and lodge your tax return […]
ATO to investigate 10 million taxpayer financial records
ATO to investigate 10 million taxpayer financial records The latest ATO welfare and tax crackdown will see the financial records of over 10 million Australian taxpayers go under the microscope in the coming months. Are you likely to be audited? What is the ATO looking for? Here are a few highlights in the […]
Is Your Tax Refund Affected by the New Private Health Rebate Changes?
Is Your Tax Refund Affected by the New Private Health Rebate Changes? A very common question from taxpayers this year: “What’s the ‘private health insurance liability’ shown on my tax return?” In short, the private health insurance liability is an amount you have to pay back at tax time if you have over-claimed the […]
Worker’s last day
Worker’s last day When your worker ceases to work for you, there are no special fringe benefit tax (FBT) or superannuation requirements, other than to remember to include any obligations that relate to them in your next superannuation and FBT payments and reports. However, there are specific obligations with regard to PAYG withholding and any […]
