Searching For the Best Retirement Plan?
Think Ahead If there’s one thing you don’t want to get wrong in your life it’s your retirement income plan. How you choose to invest the capital you have accumulated, or your superannuation lump sum, will determine the sort of lifestyle you can expect in retirement. In retirement you will have much more leisure time – time to expand your lifestyle with travel, hobbies, sport or study. Whether or not you are going to be able to enjoy your retirement to the fullest will depend upon how you arrange your financial affairs now. And this means having a life plan, which covers income, health, housing recreational pursuits and relationships.
New reporting system for building & construction industry
As from the July 2012, businesses in the building and construction industry will be required to complete the Taxable Payments annual report.
Consumer price index (CPI) rates
The Australian Bureau of Statistics has issued a media release on CPI rates for the last quarter ending December 2011.
What should you consider when closing a business
There are many things to consider when closing a business such as GST, capital gains tax, superannuation, staff and more. The ATO website can provide information if you are thinking of closing your business, but they also recommend you seek professional advice from a tax adviser.
Why use a CPA specialist?
CPAs are leaders in business, finance and accounting advice. The right to use the CPA designation is only given to degree-qualified professionals who have undertaken rigorous and comprehensive postgraduate study, the CPA Program....
End of year tax tips 2011
Do you have a net gain or loss on the sale of shares, property or investments during the 2010/2011 financial year? Then Capital Gains Tax may apply.....
Small business debt collection
Tips for managing your debtors
Wishing all our clients a very HAPPY NEW YEAR!
May this new year bring many opportunities your way, to explore every joy of life & may your resolutions for the year ahead stay firm, turning all your dreams into reality and all your efforts into great achievements. Best Wishes from Mark Sissoev and the Reynolds Sissoev Accounting Team
Year-round planning for businesses
For business owners, the end of the year signifies a time in which to evaluate your business’s operations and prepare for the coming year. Each business endeavour should be marked by a business plan and often such plans come into fruition alongside our personal new year’s resolutions. Planning ahead allows you to set out goals best suited for your business.
Checklists for Business Financial Statements and Tax Returns
Not quite sure what you need to bring to your accountant each year? We have the solution...
Another Financial Year Done - Looking Forward to Next Year!!
Whew, It's been an interesting year with lots of changes in our business, and with our clients' businesses, and yes, we are still keen to help our existing clients, and NEW CLIENTS in the coming year.
Budget 2010
Treasurer Wayne Swan presented the 2010 Budget, with very few additional changes to the tax system that had already been previously announced.
Tax Tips before June 30
Lots of helpful tips designed to save you tax before the end of financial year
Business Benchmarks
The ATO has released business benchmarks to help you find out where your business should be compared to other businesses in your industry. They also use these benchmarks to calculate your tax obligations.
e-Record to stop 30 June 2010
The ATO will stop supporting their e-Record product from 30 June 2010. Businesses using this software for their accounting record keeping will have to change to a new accounting software.
Do you have a plan to get out of your business?
Less than 10% of businesses have a plan in place for their business when they want to get out of it, or pass it on to the next generation, or what happens if the owner dies...
Back packers giving false records to claim PAYG
Keep accurate records of employees - especially when they are paid cash - get employees to sign for the cash
Collection of outstanding monies and their effects on cash flow
You can be chasing your tail during economic downturms with debt collection blow outs and not enough money to pay your own creditors. It is quite a juggling act, so to help you navigate these issues, check out these tips and start taking control.
Prevention is better than cure
Disputes - a fact of business life
Take a holiday
If you bought an expensive piece of equipment for your business, you’d maintain and take care of it. Often business owners neglect their most important asset - themselves.