Blog
Tax Planning Strategy #2 – Tax Refunds for Prepaid Interest
Lan Nguyen, Chartered Accountant Big tax refunds for prepaid interest for a capital protected share portfolio (with NO cash required by 30 June). Did you know that you can buy a parcel of blue chip shares by using capital protection and not lose your money if the share market goes down? At the same […]
Tax Planning Strategy #1 – Establish a SMSF
Lan Nguyen, Chartered Accountant Establish a Self – Managed Super Fund (SMSF) – How to make it your family’s wealth VAULT and legally pay NIL tax. Should you have a self – managed fund? In summary, a self-managed super fund has trustees, so that would be a company with your parents, your partner, whoever. […]
Advantages and Disadvantages of Buying a Business.
Lan Nguyen, Chartered Accountant Advantages: Sense of security is obtained when buying an existing business. Existing customers and goodwill An established business will generally come with existing customers, clients, suppliers and staff. This eliminates much of the effort and expense needed to generate goodwill, branding, advertising and hiring staff. Expenses and finance The business is already operational and stock […]
Obtaining a Business Loan
Lan Nguyen, Chartered Accountant Need a Business Loan? When finding a loan that suits the needs of your business decide on how much to borrow. Things to consider: Initial set up costs Your ability to repay the loan Risks such as increase in interest rates. Information that a lender will require from you when applying […]
Thinking About Starting a New Business?
Lan Nguyen, Chartered Accountant Thinking about jumping into a new and exciting business? Before you do, you must establish a business plan. I know it may sound a little daunting but a well written plan will contribute to the success of your business. Here are the 3 steps to get you started: WHY, WHAT AND THE […]
What are the Pros and Cons of Starting a New Business?
Lan Nguyen, Chartered Accountant Benefits and Risks of Taking Off into a New Business From the get go, you will be involved in every step of the process. This works to benefit you as you have the freedom and control. You will have the freedom to choose: The business name and location The hours you put […]
Buying a Franchise
Lan Nguyen, Chartered Accountant What is a franchise? Your own business with the benefit of support and security from a larger business network. Is a franchise right for you? To help you determine whether buying a franchise is the way to go, consider the following: Your wants and needs? Your strengths and limitations? Your skills and […]
AVOID THE 8 MOST COMMON ERRORS IN A TAX RETURN
Lan Nguyen, Chartered Accountant Tax return lodgement can be a confusing and stressful time for any individual or business. It is a time for making sure all of your receipts, tax invoices, statements and supporting documentation are in order and the time for making an appointment with your Tax Professional. There is a lot to […]
![Avoid The ATO Hit List [VIDEO]](https://www.successaccountinggroup.com.au/wp-content/uploads/2016/08/ATO-hit-list.jpg "Avoid The ATO Hit List [VIDEO]")
Avoid The ATO Hit List [VIDEO]
Lan Nguyen explains how you can avoid been targeted by the Australian Tax Office and what measures you can put in place to best protect your business. Lan has been helping businesses grow and improve their financial position for many years and has built up a successful accounting practice where she continues to achieve her vision to assist and grow other businesses. Contact Success Accounting Group to learn how you can protect you and your business through our Audit Shield Service.
$7 MEDICAL CO-PAYMENT OR TAX DEDUCTION?
Lan Nguyen, Chartered Accountant Let’s talk about the controversial $7 medical co-payment. Firstly you’ll receive $5 less from Medicare and then pay another $2 to the doctor. This proposed legislation has not been passed so it’s not yet law. The debate around the co-payment raises many discussions but it hasn’t openly discussed how the […]
![How to save tax in 2015 [video]](https://www.successaccountinggroup.com.au/wp-content/uploads/2014/06/Reduce-Your-Tax.jpg "How to save tax in 2015 [video]")
How to save tax in 2015 [video]
Lan Nguyen explains 16 simple ways you can reduce your tax and help grow your business. Lan has been helping businesses grow and improve their financial position for many years and has built up a successful accounting practice where she continues to achieve her vision to assist and grow other businesses.
10 things business startups need to do to start up with Success!
Lan Nguyen, Chartered Accountant 10 simple steps for business owner to start up with Success! Running your own business gives you the freedom to be your own boss and work from home. It also allows you to choose your work hours and practices. Congratulations for making the brave move of opening your own business. Below […]