About Me

Counting Together: The Benefit of Visiting an Accountant

Hello, my name is Paul. I live with my wife and child in Western Australia. While I love operating my small business, I do not love keeping the books in order. For a long time, I tried to do the accounts myself. I thought I was doing a pretty good job. However, when I got a call from the tax office saying they would like to conduct an audit, my heart skipped a beat. I was really worried they would find an error and that I would end up in serious trouble. My friend recommended an accountancy firm. I contacted them and they went over my books to make sure they were in good order. They also taught me some great bookkeeping skills. This blog is designed to help others avoid the mistakes I made.

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Should You Consider an SMSF to Safeguard Your Future?

Posted on January 25, 2017

Many people today are worried about their financial future, as there seems to be so much uncertainty in the world. Some of those people who are determined to take control of their future are considering whether or not to set up a self-managed superannuation fund. If you've been thinking along these lines, what should you know before proceeding? What Is an SMSF? The idea behind a self-managed superannuation fund, or SMSF for short, is to give you enhanced control over your retirement planning. [Read More]

Tips For Entrepreneurs On Preparing A Business Plan

Posted on January 24, 2017

When you're seeking financial backing for a new business venture, a well-written business plan is essential.  An effective business plan should clearly set out your objectives for the business and should detail the strategy you're proposing to implement in order to achieve them.   So, how do you go about writing a good business plan? Here are a few pointers that you might find helpful. Set out the purpose of your business [Read More]

Why You Need to Be Wary of the Taxman If Trying to Claim for Holiday Home Rentals

Posted on January 23, 2017

Many Australians are choosing to look in different directions for their investments as a result of a fairly sluggish stock market. One option they consider is the purchase of a holiday home for rental. This can be a lucrative proposition, but you have to be careful when claiming specific costs related to these rentals, against your tax. What has the ATO been looking at recently and what do you need to be careful about? [Read More]

3 Tips For Hiring a Tax Accountant

Posted on March 17, 2015

Taxation is a very sensitive issue. The most genuine of mistakes when filing tax returns can have serious legal and financial implications. This is because such genuine mistakes are often misinterpreted as an attempt to avoid taxes. It for this reason that a large number of business owners choose to hire the services of a professional tax accountant. The article below discusses a few tips on how you can go about hiring the right tax accountant for your business' finances. [Read More]