Tax Planning
Why use a Bucket company?
Why use a Bucket company? A bucket company allows you to “cap” the tax on profits distributed to or by trust at lower tax rate of 30%, whereas individual tax rate is 49%.Thus , It can save you a lot in tax. This is basically an asset holding company that dose not involve in any […]
The secrets to Tax Planning
The secrets to Tax Planning Tax planning is a secret to reduce your tax burden. You can reduce your tax in these ways: By reducing your income. Second way is to increase your tax deductions. As the income from the investment of the superannuation is taxed at a flat rate at 15% and capital gains […]
An Eye for Now, an Eye for the Future
Let Pre Year End Tax planning be more than just getting a bigger refund It’s the last quarter of the financial year. It’s the best time to review your profits, estimate your tax bill and determine what you can do to get your tax bill as low as possible (or your refund as high as […]
Success Accounting Group’s Super Stream Solution for Employers before 30 June 2016
As you are preparing for your BAS returns this quarter, now is a good time to also review if your business is Super stream compliant and aim to implement way before the deadline of 30 June 2016. Under SuperStream, you need to pay super contributions for your employees electronically (EFT or BPAY) and send the […]
Increase your Cashflow this Christmas Holiday
With 2015 drawing to an end and the Christmas season coming up, business tends to slow down however you have expenses that do not go on break. Today we will be discussing 5 key ways to boost your cashflow this Christmas. 1. Boost your marketing When companies look for ways to lower expenses, they often […]
Can your business meal expenses be claimed as a deduction?
With Christmas around the corner, taking a client out for a business lunch or providing dinner for your staff is often a grey area in terms of claiming tax deduction. To help business owners determine whether the expense is categorised as tax deductible or entertainment, we have written up a guide to help you work […]
More CASH for your DOLLAR!
More Bang for your Buck Start planning NOW to maximise your tax refund next year! We do a lot of tax returns. One thing we constantly hear our clients say is, “I didn’t know I could claim that!” or “I wish I had kept my receipts!” What’s the best way to avoid disappointment at tax […]
TOP 10 Under Claimed Deductions!
1. Keep a diary. You can’t claim the commute between home and work but if you go to other sites or functions outside work you can claim a maximum 77c/km for up to 5000km for the year end 2015. The Government has decided to remove the 12% of original value and 1/3 actual expense methods […]
2015 Year End Reminders Obligations
Another financial year is about to finish! Your Year End Reminders and Obligations As a business owner, there are many obligations that you need to consider and action over the next few weeks. Some of these will help to minimise your tax. We have outlined these action points below to assist you. Date Action Required […]
Want to Make 2015 Tax Time Easier?
WANT TO MAKE TAX TIME EASIER AND CUT YOUR TAX BILL by 30%? For most business owners and employee 30 June is a time of reconciling, sorting and collecting receipts for Tax Time to present to your accountant. If you want know how to cut your tax bill in half, you need to understand the basic […]