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Top 7 tips to prepare for your tax appointment this EOFY
Lan Nguyen, Chartered Accountant While everyone is getting ready for the end of financial marketing – individuals and small business owners need to take the time to do some tax planning to get ready for EOFY. It might seem like you have enough on your plate without the hassle of preparing documentation for your business […]
CASH is KING – 7 easy steps to improve your cash flow now!
Lan Nguyen, Chartered Accountant I saw a couple in their 30’s working crazy hours building and growing their business. But at end of each month they still seem to struggle paying down their debt and bills. After paying GST, PAYG, wages for employees, income tax, superannuation, insurance and all business expenses…not much cash is left […]
What name should I run my business or hold my property investments in?
Lan Nguyen, Chartered Accountant We need to go through a few things with you to select the best structure for your new business venture or investment purchase. Taxation Sole Trader – taxed on profits at individual’s marginal tax rate Partnership – profits flow to partners, who are taxed at the relevant marginal rates Company – […]