HA Accounting is your best Xero Accountant We have previously discussed why Xero is your leading choice when it comes to online accounting platforms. It’s easy to use the system, many handy add-ons, flexible customisation and automation mean your finances are being managed to the best of their ability. It’s important to get the most out of Xero software to use a Xero accountant. The next component of your accounting journey is to enlist an accountant. Your accountant is more than someone who just works your numbers. They are there to guide you through every step of your business and help your business to grow. There are many pieces of advice you can follow when choosing the right accountant. Our main piece of advice follows on from our recommendation of Xero as your preferred accounting platform. If you have chosen Xero as your online accounting system, you want your accountant
Cakesrlicious is HA Accountings business client of the month Katrina Copeland(Trina) is the founder of Cakesrlicious . She loves to bake and decorate cakes and boy is she good at it! Katrina transforms her love of art into cake decorating and is now running cakesrlicious. She supplies you all with deliciously baked & decorated cakes. Cakesrlicious prides themselves on delivering you with deliciously baked cakes with custom ordered designs for that special occasion. We suggest if you haven’t tried it you get down to her shop in Wodonga and try them for yourself. Trina came to us using Xero but her previous accountant wasn’t using xero themselves. Since we started working with Trina & her bookkeeper we have started using Xero to its full advantage. From payroll, automation for bookkeeping, BAS, Super streaming & End of year tax preperation. Katrina has a big sense of relief knowing that her books and compliance obligations are being met. As a result, we save
Lets do Tax Return Time Again As the End of the tax year has come to an end its time to do your tax return again. We have been busy here at HA Accounting changing entities and practice managers to improve our service to our clients. Our tax returns are starting from $99.00 this year. Laura who is in our Tocumwal and Strathmerton offices is ready to help you. She will also be assisting those clients in Shepparton, Cobram and Numurkah with the assistance of Zac Hayes the director of HA Accounting. Zac alongside Regan will be assisting those clients to their tax returns in Albury – Wodonga and surrounding areas as well as those in Melbourne, Yarrawonga, Tocumwal & Finley. We have posted a few handy tax tips this year in our previous blogs. So if you would like to check some of them out please click the links below.
Firstly as we are quickly creeping up to the End of Financial Year. Our thoughts start drifting towards what we can and cannot claim (tax deductions). Therefore talk to our team to make sure we get the best tax return possible. We’ve chosen a handful of industries and the top tax deductions you can claim. SELF-EMPLOYED TAX DEDUCTIONS Home office expenses If you work from home, you can claim feasible running home office expenses as a tax deduction including office equipment, electricity, heating, gas, stationary, phone and internet costs. Consequently conditions apply in regards to occupancy expenses such as mortgage costs and rent so discuss the impacts of these with your accountant. Self-Education and Super Contributions Furthermore being self-employed allows tax deductions to be made on some self-education expenses and personal super contributions you make. TRADIES Vehicle and travel expenses Additionally vehicle and travel expenses can be logged for those who use
When choosing the right financial management team to take your business forward, they need to tick two boxes – the accountant and the financial planner. Most people tick box #1 without a second thought for box #2. Well that is all about to change. BOX #1 – THE ACCOUNTANT Firstly you need someone who can perform the day-to-day management of your accounting needs effectively. As per our previous blog, we have highlighted the main benefits of enlisting a great accountant. They will ensure your business is running at peak capacity and keep everything in order to keep the taxman happy. Your accountant will assist you to set up all your business accounting systems correctly and assist with tax minimisation strategies come End of Financial Year. BOX #2 – THE FINANCIAL PLANNER What many businesses fail to recognise and seek is the assistance of a financial planner
HA Accounting & Business Advisory The first and most valuable thing to know when you are starting your own business is you need to build a support team around you. We here at HA Accounting can help be that team and help you build it. Our team at HA Accounting will help your business reach its greatest heights. For your business you want the best in the field. From your lawyer to your accountant to your marketing specialists. But the thing is, you want the best service without the hefty price tag. We get it here at HA Accounting as we are your overall business adviser. Good accountants don’t just do tax and Xero that’s why we help you get your business off the ground or out of the dumpster. The teams focus ranges from startups to succession plans we are here to help you. Our advisory dealings include with farmers
In our previous blog, we highlighted the top 3 marketing steps to help launch your business. #2 on that list was getting online – both via your own company website and the creation of your business social media accounts. Navigating social media can be like coming up against a beast with many heads. You may not know where to start or where to look for help. Let’s start with the benefits of having a social media presence for your business. Its also really important to ensure you keep your online media inline with the rest of your business. Be sure to incorporate your online presence into your business plan. 1. It’s where your clients are Over 60% of Australians have a Facebook account. Now that is a lot of potential future clients! Facebook continues to rule the roost in social media influence so starting out with a Facebook business page
HA Accountings 5 minute financial health check will help ensure your finances, insurances and personal plans are in place for your stage of life. We don’t like to ever think that the unfortunate may ever happen to us – but the reality is that curveballs are often thrown at us. Knowing you have the ability to deal with that curveball when it comes your way will help you get a restful sleep each night. As well as ensuring that you, and the people you care for, will be covered. Before you do the following checks have you got a budget? DEBT CHECK Are you managing your debts or are you in debt stress? Can you make all your repayments on time? Are you adding in any extra on your mortgage/car loan/credit card so you can have a little extra breathing space? If you answered yes to these questions then you are