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Australian tax resident? It’s different to being a citizen…..

London’s calling and you’re about to head overseas on an adventure. You plan on being away indefinitely and hope to land the dream job in the UK. Sounds like a great plan, but what about the tax consequences? Will you need to lodge a tax return? What about the salary you earn while you’re away – it won’t have to be declared here. Or will it? The answer depends on whether you are considered an Australian resident for tax purposes. Continue reading “Australian tax resident? It’s different to being a citizen…..”

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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?”