Serving Sydney’s Inner West
We all know that our employer must contribute 9.5% of our wages into superannuation on our behalf. But I often get asked whether it will be enough to comfortably retire. In this post, I’ll go through the ways you can boost your superannuation balance. Continue reading “How to boost your superannuation balance”
At this time of year, I often get asked about PAYG income tax instalments – mostly because you’ve just lodged your return and the Tax Office have sent you a letter. So if you’re in that position, here are the answers to some of the frequently asked questions. Continue reading “PAYG income tax instalments… Frequently Asked Questions”
You’ve either been operating as a sole trader for a while or you’re about to embark on the entrepreneur journey. You’ve heard about companies, but is it worthwhile? Continue reading “Should I incorporate?”
Many of us are a little compulsive* about our creative pursuits and sometimes we make the decision to sell items we create. So, does this mean we can claim all the costs associated with our obsession pastime? Continue reading “Has your hobby become a business?”
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?”
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?”
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?”
