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Tax Accounting

A comprehensive Individual Tax Return Checklist

We’re already at the EOFY and with that comes a scramble for individual tax return appointments with everyone understandably keen to see that return hit their bank account. Tax Return Checklists Bookings are now open – but before your appointment, here are the checklists you need to read and action: If you work from home, […]

Trusted Accountant in Narre Warren for all your financial needs

Accounting is a critical component of any business or individual’s financial management. It involves the recording, summarising, and analyzing of financial transactions to produce financial statements that provide a snapshot of an entity’s financial health.

How to Create a Business Budget: 4 Key Areas to Cover

A business budget isn’t necessarily the most thrilling part of starting a business, but it’s certainly one of the most important. A surprising number of business owners forego this step altogether when embarking on a new venture and we think it’s safe to say that no budget is a big catalyst for the one in […]

What is Tax Planning and Why is it Important?

Tax planning for a proactive accountant can sometimes be a year long process. Strategies are often implemented at the beginning of the financial year with your progress tracked each quarter (which normally coincides with the preparation of your BAS). You may notice that your PAYG Tax Instalments vary each quarter – this is not a […]

Why Lodge an FBT Return Even When No FBT Is Payable?

If you’re an employer, you might wonder why you should lodge a Fringe Benefits Tax return when no FBT is payable. After all, the tax is designed to capture benefits enjoyed by employees, but it’s levied on the employer. There’s a simple reason why you should file a return: it turns on a three-year deadline […]