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Our Certified Practising Accountants report on the latest accounting news, and address your most common questions relating to accounting, bookkeeping, company tax, individual tax returns, self managed super funds and more.
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Do I Need a Depreciation Schedule for my Rental Property? Here’s Why It Matters for Property Investors
If you own an investment property, a depreciation schedule could be one of the easiest ways to legally reduce your tax bill. Many...
3 hours ago2 min read
Do I Still Need an Accountant If I Use an Accounting System?
Running a business means juggling a lot of responsibilities. Staying compliant with the ATO, making smart financial decisions and...
4 hours ago2 min read
What Happens if You Can’t Pay Your BAS on Time?
Missing your BAS deadline can be stressful, especially when cash is tight. But you're not alone and this situation is more common than...
3 days ago2 min read
Can Renovations Help or Hurt Your Tax Position as a Property Investor?
Renovating your investment property can add value, attract better tenants and increase your rental income. But did you know it can also...
3 days ago2 min read
What Can You Claim if You Run a Home Based Business or Clinic?
More Australians are running businesses and clinics from home than ever before. Whether you are a consultant, a health professional or a...
3 days ago2 min read
Tradie Tools: Expense or Asset?
If you are a tradie, your tools are your livelihood. But when it comes to tax time, many are unsure whether a tool is considered an...
3 days ago2 min read
When Can You Access Your SMSF Funds?
Your self-managed super fund (SMSF) is designed to help you build wealth for retirement. While it can be tempting to dip into those...
6 days ago2 min read
What Tax and Accounting Services Do Doctors Need?
Many medical professionals underestimate the complexity of their financial situation. Whether you're a general practitioner, a surgeon,...
6 days ago2 min read
What Records Should I Keep for BAS Compliance?
Every number you report on your BAS must be backed by evidence. Good record-keeping helps you lodge your BAS with confidence, stay on the...
6 days ago2 min read
What Are Common Tax Deductions for GPs in Australia?
Tax time can be overwhelming, especially for medical professionals balancing patient care and business admin. GPs often miss out...
6 days ago2 min read
Why change from Sole Trader to Company? Here’s Why It Might Be the Best Move for Your Business.
Starting out as a sole trader makes perfect sense. It is simple, affordable and gets your business off the ground quickly. But as your...
6 days ago2 min read
Should NDIS Workers Keep Separate Business Bank Accounts?
If you are working in the NDIS space, you probably know how tricky it can be to juggle your income, expenses and personal spending all...
6 days ago2 min read
NDIS Providers Must Keep Clear Invoices for GST-Free Claims
If you are an NDIS provider, you may already know that many supports and services are GST-free. But, you cannot simply assume all...
6 days ago2 min read
How Often Should I Do My Bookkeeping?
Staying on top of your bookkeeping means more than just being organised. It helps you: Understand your cash flow Stay compliant with...
6 days ago1 min read
How Does Medicare Billing Affect Your Taxable Income as a General Practitioner (GP)?
As a General Practitioner (GP), a significant portion of your income likely comes from Medicare billings, but how that revenue is treated...
6 days ago2 min read
How Do I Know If I Need to Register for GST?
Starting or growing a business can feel overwhelming, especially when it comes to tax. One of the most common questions we get is whether...
6 days ago2 min read
Do Subcontractors Need Their Own Insurance?
If you’re a subcontractor, you might assume the main contractor’s insurance automatically covers you. In many cases, that’s not true,...
6 days ago2 min read
Activity Statement Deadlines You Shouldn’t Miss: Key Lodgement Dates for Aussie Businesses in 2025
If you run a business in Australia, keeping up with your BAS (Business Activity Statement) deadlines isn’t just another task on your...
6 days ago2 min read
Are Personal Contributions to SMSFs Tax Deductible?
If you have a self-managed super fund, you are probably looking for ways to build your retirement savings while keeping your tax bill...
6 days ago2 min read
Are Lab Fees and Consumables Deductible for Dental Professionals?
Running a dental practice means juggling clinical work, compliance, payroll, equipment, and often a mountain of expenses....
6 days ago2 min read
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