Golden Insights
Browse our catalogue of golden insights answering you tax and accounting questions. Know what you are looking for? Seach keywords here:
Working From Home: The Actual Cost Method
Working From Home: The Actual Cost Method The Actual Cost Method is one of the two methods available to taxpayers to claim their work from home expenses. According to the ATO, under this method, you can claim the actual expenses you incurred for items like phone,...
Tax Tips: Property Investors
Turn Bricks into Bullion: Smart Tax Tips for Property Investors Property investment can build long-term wealth. But without the right tax strategy, you may lose valuable returns. The Australian Taxation Office (ATO) closely monitors rental property claims. Errors are...
ATO’s Crackdown on Property Investors
ATO’s Crackdown on Property Investors The ATO has announced the commencement of a data-matching program for property investors. This is in order to acquire residential investment property loan data from authorised financial institutions. Sample audits conducted under...
Tax Tips: Trusts
Tax Tips: Trusts Whether you have a trust set up for investment or business purposes, there are some common elements to getting ready for the trust’s tax return. Contrary to popular opinion, a trust is not actually a legal entity; instead, it is a formal relationship...
Tax Tips: Self-Managed Super Fund (SMSF)
Tax Tips: Self-Managed Super Fund (SMSF) A self-managed superannuation fund (SMSF) gives you control and flexibility over making investments and preparing for retirement. It’s essential to get your deductions and record keeping right for the SMSF audit process and the...
Tax Tips: Small Business
Tax Tips: Small Business Are you claiming all the small business tax deductions that you are entitled to? Common Tax Deductions for Small Business There are many expenses common to most small businesses, and there are other expenses specific to the nature of each...
Your Accountant: The Mentor You Need for Success
Your Accountant: The Mentor You Didn’t Know You Needed Have you ever thought of your accountant as a mentor? A business mentor can provide guidance and support, so you make the right decisions and stay focused on the end goal as a business owner. They can also help...
Tax Tips: Individuals
Tax Tips: Individuals Although tax returns for individuals are not due just yet, the financial year's end is near. Get ahead now by preparing all the documents required for your tax return so you can get your tax done quickly and get any refund due to you in your...
Stressing About Your Work/Life Balance?
Stressing About Your Work/Life Balance? Trying to get a perfect work/life balance can be a cause of stress in itself. If you are feeling the strain of building your business and maintaining your life, the good news is that stress and a productive existence can go hand...
Outsourcing: Could it Help your Business?
Outsourcing: Could it Help your Business? When you run a small business, the amount of work can ebb and flow. Unexpectedly busy periods can create too much work and stress for a small team or one-person business. But if a surge is seasonal or unreliable, you don’t...
Buy or Lease? Business Plant and Equipment
Buy or Lease? Business Plant and Equipment When your business needs new plant or equipment, what’s the best choice – buy or lease? The answer will depend on your circumstances, but the following considerations can help you weigh the options. The advantages of buying...
Cashflow Forecasting: Get Back in Control
Cashflow Forecasting: Get Back in Control We all know that positive cashflow is the beating heart of any successful business. And with so many external pressures on your cash right now, it’s important to have one eye on the future. Cashflow forecasting is an...