‘The Cloud’ is what we call software and data that lives on the servers external to your computer. These servers are generally in large dedicated warehouses around the world and you generally access the data by logging in over the internet.
If you’re a person who has quite a lot of personal tax deductions but finds it difficult to keep track of them throughout the year we’ve got good news for you. The ATO has released a new App, available for smartphones and tablets from the App Store, Google Play and Windows Store it has a selection of features that we think will be handy for individuals, especially for the new 2016/17 tax year.
Tax Planning Tips for 2016! Find out how to minimise your tax with a few easy steps.
It is at times a job that some people discount as not as ‘important’ as the advisor or accountant. But as the advisor at the other end I can tell you that a good bookkeeper is worth their weight in gold!
Understanding your business numbers isn’t always easy. So here are 5 Financial Ratio’s you can use to gain further insight into the performance of your business.
You’re looking to buy an investment property and wondering how it will affect your tax situation?
Firstly, it’s important to note the difference between a residential or commercial property. If you purchase a residential investment property, there is no GST applicable. This also means you cannot claim any GST, however a commercial property will require you to charge GST and lodge BAS on a Quarterly basis. There will also likely be GST on the purchase and sale which you need to consider.
Our advice to clients is to try to set things up correctly from the outset, but if you are in a situation with workers who really need to be moved over to be employees start planting the seeds and making them aware things will need to change. It can take time and you want to avoid losing good team members if you can.
