Oct 9, 2024 | Business Assets, Business Growth
As a business owner, it’s never been more important to have a good grasp on your finances. For many businesses, priorities have changed, customer behaviours have mutated and revenue streams have had to evolve and pivot in order to maintain a profitable business model....
Oct 4, 2024 | Bookkeeping, Business Growth, Small Business, Taxation
Accountants vs Bookkeepers If you run a business in Newcastle or the surrounding areas, you know how important sound financial management is to your success. One of the cornerstones of financial management is ensuring your bookkeeping is accurate and up to date. But...
Sep 20, 2024 | Investment Property
Here’s what you need to know. Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at these assets to see if what has been declared in tax returns matches up. The Australian Taxation Office (ATO) has...
Sep 6, 2024 | 24-25 Financial Year
Will It Be A Return to Stability or A Year of Volatility? Let’s update you on a number of items: Personal tax & super As you would be aware (at least we hope so after a $40m public education campaign), the personal income tax cuts came into effect on 1 July...
Aug 13, 2024 | Instant Asset Write Off
$20k Instant Asset Write Off Has Been Passed In Parliament. Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year passed Parliament just 5 days prior to the end of the financial year. Purchases of depreciable...
