accounting services parramatta

Cryptocurrency: How It Can Affect Your Taxes

The digital age has caused various technologies to emerge, making lives more convenient. Modern innovations have also brought in the era of cryptocurrencies. If you or someone you know have experimented buying and selling using this new kind

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tax agent penrith

How a Tax Agent in Penrith Can Help Small and Medium Businesses

Small to medium businesses often take the brunt in tax contributions and other financial hurdlesaffecting the way they manage their finances. Big companies, on the other hand, rely on the expertise of their accounting teams to

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financial advisor parramatta

Understanding Your Marginal And Cost Price Revenue Drivers Of Business

For your business to make money, you need to generate revenue.

You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your …

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financial advisor penrith

Tax Tips For Self-Managed Superannuation Funds

Having a self-managed superannuation fund (SMSF) gives you control and flexibility over how you make investments and prepare for retirement.

It’s important to get your deductions and record keeping correct for the SMSF audit process and the tax return, as …

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insurance brokers penrith

Key Numbers To Focus On In Your Business Now

As a business owner, it’s always been helpful to have an understanding of accounting – but in the post-lockdown world, it’s never been more important to have a good grasp on your finances.

With the business world irreparably changed by …

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tax accountant penrith

Finalising Single Touch Payroll

If you have been reporting Single Touch Payroll (STP) to the ATO this financial year, you will need to make a finalisation declaration. There is no need to issue payment summaries to employees you have reported through STP.

Large employers …

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common tax for small business

Common Tax Deductions For Small Business

There are many expenses common to most small businesses, and there are other expenses that are specific to the nature of the goods or services the business provides. Are you claiming all the tax deductions that you are entitled to?…

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tax accountant penrith

How to Prepare for This Year’s Tax Return Filing

The Australian tax year ends on 30th June. And everyone starts wondering how much their tax refund will be. To get the maximum bang for your buck, it is important to commence preparation even before the end of the financial …

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Personal Services Income or Personal Services Business

Personal services income (PSI) is income generated primarily on account of an individual’s personal skills, effort or expertise.

Individuals can receive PSI in any industry. We mostly find this in IT consultants, construction workers, engineers and medical practioners.

The key …

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6 steps to build that home loan deposit when you’re your own boss

When you’re self-employed you know only too well, your income can vary each month and that makes saving up for a home pretty tough going. If you really want to show potential lenders you’re a good candidate for a home …

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