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Accountant, Tax Agent, Financial Planner, Bookkeeper. What’s the difference?

A query that frequently arises is why someone would need an accountant, bookkeeper, tax agent and financial planner. Aren’t they all the same thing? The answer is definitely not. However that’s not to say there isn’t some overlap in knowledge and that they don’t have similar skills.

In this article, I’ll try and clarify the relationships so you can figure out who you need to help secure your financial future. Continue reading “Accountant, Tax Agent, Financial Planner, Bookkeeper. What’s the difference?”

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5 financial lessons every parent should discuss with their child when they get their first job

5 financial lessons every parent should teach their child when they get their first job

A first job for a teenager is a big milestone. Not only do they get to earn their own money, but they revel in the independence, it’s a rite of passage and an important time in their lives. Continue reading “5 financial lessons every parent should discuss with their child when they get their first job”

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Do I need an accountant?

You probably started your small business because you’re passionate about your industry or product and want to take control of your future.

You probably didn’t start your small business to become a tax collector, bookkeeper, debt collector and cash flow manager but by now you’ve realised these roles come with the small business territory!

So, what can you do about having to juggle all of these components of your business when they’re not part of your skill set or experience? (Hint, it’s using the services of an accountant) Continue reading “Do I need an accountant?”

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Single Touch Payroll – what is there to know?

You may have heard some noise from the Tax Office about Single Touch Payroll. If you have more than 20 employees, you should know exactly what it involves because it should be implemented by now. If you don’t have more than 20 employees, it will still happen, you just have a little longer before you must transfer over to the system.

So, what is Single Touch Payroll (STP)? Continue reading “Single Touch Payroll – what is there to know?”

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How to maximise your tax refund…. without panicking about an audit!

According to recent press releases from the Tax Office, there will be more than 1 million Australian taxpayers being contacted about their 2017/18 tax returns…. and you’re not alone if the thought of a call from the Tax Office makes you a little nervous! The latest estimate suggests that errors and fudging in tax returns costs the Government $8.7 billion per year. Continue reading “How to maximise your tax refund…. without panicking about an audit!”