OUR BLOG

Cashflow Statement

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

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 […]

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 […]

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 […]

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 […]