Year-End Tax Planning: Strike Gold, Avoid Traps
Year-End Tax Planning: Strike Gold, Avoid Traps As the financial year draws to a close, it’s the perfect time to fine-tune your tax strategy. Whether you’re a business owner or employee, smart year-end tax planning can help you strike gold—maximising deductions while avoiding costly mistakes. Below we explore key tax opportunities and risks, updated in […]
Maximising Tax Benefits: Self-Education Expenses
Claiming Self-Education Expenses: Turn Your Learning into Tax Gold In today’s competitive world, investing in your education is like investing in pure gold. But did you know you may be able to claim some of your self-education expenses in your income tax return? Understanding how to claim these expenses can help you stay ATO-compliant and […]
Building Mental Wealth in Business
Golden Mindset: Building Mental Wealth in Business In today’s business world, mental health isn’t a luxury—it’s a necessity. Just like financial wealth, mental wealth needs conscious investment. As headlines grow darker and pressures rise, many business owners feel their emotional reserves wearing thin. But what if hope was your most undervalued asset? Enter the concept […]
Golden Signatures: The Power of Solvency Declarations
Golden Signatures: Why Solvency Declarations Aren’t Just Paperwork Every year, company directors receive a solvency resolution to pass. Many brush it off as just another formality. But this golden slip of paper carries serious legal weight—and can either protect or expose directors depending on how it’s handled. What Is a Solvency Resolution? A solvency resolution […]
The Key Role of Tax Planning: Take Charge Now
Turn Tax Time into a Golden Opportunity with Smart Tax Planning When it comes to tax time, many business owners feel overwhelmed. But with professional tax planning services, you can turn this challenge into a golden opportunity. At DJ Grigg Financial, we believe smart, proactive tax planning isn’t just for the end of the financial […]
Strike Gold Varying PAYG Instalments
Strike Gold with Varying PAYG Instalments: A Smart Move for Business Owners Running a business is like mining for gold—you work hard, adapt, and aim for a gleaming reward at year’s end. For Australian business owners, managing cash flow is vital to success. One golden opportunity to achieve this is by varying your Pay As […]
Automating Bank Reconciliations – How and Why?
The Gold Standard for Efficiency: Automating Bank Reconciliations Keeping your business finances in order is essential. But let’s be honest—manual bank reconciliation is a tedious process. It’s like panning for gold, sifting through endless transactions to find a match. The good news? Automation can turn this time-consuming task into a seamless process, saving you hours […]
Contractor or Employee – Find the Right Fit
Contractor or Employee: Making the Right Choice for Your Business Determining whether to engage a worker as a contractor or an employee is crucial for Australian businesses. It’s not just a legal requirement; it shapes working relationships, impacts employer obligations, and ensures fairness for workers. But how do you make the right decision? Let’s break […]
ATO Targets Late BAS with Monthly GST Reporting
ATO Crackdown: Non-Compliant Businesses Face Monthly GST Reporting from ATO More frequent BAS, bigger bookkeeping bills — why staying compliant with monthly GST reporting is now the gold standard for small business. ATO Gets Tough on Late BAS Lodgers The Australian Taxation Office (ATO) is sharpening its focus on businesses that fall behind on their […]
Tax on Superannuation 101
Understanding the Basics: Tax on Superannuation Superannuation is the golden ticket to a secure retirement, but understanding how it’s taxed can feel overwhelming. The good news? The Australian super system is designed to be tax-efficient, helping you maximise your savings over time. Let’s break it down into simple terms so you can make informed financial […]