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The Office Christmas Party & Tax

May Partners

November 27, 2012

Taxation & Accounting, Fringe Benefits Tax

With Christmas only a matter of weeks away many offices will be starting to think about dusting off the reindeer horns and karaoke machine to prepare for the annual Christmas party. Business owners may have the option to unlock...

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Business Premises into your SMSF?

Rick Henery

November 27, 2012

Superannuation, Accounting & Taxation

There can be some solid reasons to consider having the ownership of your business premises in the name of your self-managed superannuation fund (SMSF). To start with, if your business is travelling along steadily, it may provide...

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Taxable Payments Reporting - Building & Construction Industry

ATO

November 27, 2012

Compliance, Building & Construction, Contractors

From 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. You need to report these payments to us on...

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5 Top Reasons to Switch to Cloud Accounting Software

May Partners

November 27, 2012

Cloud Accounting, Xero, Accounting, Bookkeeping, Time Saving

Cloud Accounting means no more accounting software installed on your computer. Instead, your accounting software is installed on a central server (in the cloud) and accessible anywhere you can get an internet connection.

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My Business is My Superannuation

Rick Henery

October 8, 2012

Financial Strategy, Superannuation

In Australia, some 700,000 small businesses are owned and managed by a single person. The number of sole traders continues to grow and the largest group of entrepreneurs in this country are now people aged over 50.People in...

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Map, Move and Measure Your Bank Balance – Part 3

Chris Waterson

August 7, 2012

Accounting & Taxation, Financial Strategy, Improve Cashflow, Increase Profit

Let’s refresh ourselves on the last two parts of the series on improving your cashflow, MAP and MOVE. Map refers to mapping out what needs to be done to improve your cashflow situation – the plan. Move refers to identifying the...

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Map, Move and Measure Your Bank Balance – Part 2

Chris Waterson

August 7, 2012

Accounting & Taxation, Financial Strategy, Improve Cashflow, Increase Profit

We’ve now spent some time in Part 1 here Mapping out what’s needed to increase the cashflow in your business. Remember, it could’ve been that you needed to increase Gross Profit or it could’ve be to spend time Reducing Expenses....

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