Budget in review watch this short video by SMH for a quick review. http://www.smh.com.au/business/federal-budget/federal-budget-2017-live-scott-morrison-to-unveil-turnbull-governments-financial-plan-20170509-gw0kjv.html Australian Federal Budget for 2017-18. Everybody Medicare levy increases to 2.5% from 1 June 2019 Small Business The instant asset write-off of $20,000 has been extended for another year to 30 June 2018. Company tax rates for small & medium businesses dropping to 25% within 10 years. Students & First home buyers HELP debt repayment thresholds have dropped to $42000 and are indexed to the CPI. First home super saver scheme – good opportunity for younger people to salary sacrifice up to $15000 into super and then pull funds out later to fund a first home. Withdrawals are taxed at 30%. Need to weigh up tax savings upon withdraw to see if this is of actual benefit. Pensioners & Retirees Persons over 65 can make additional contributions to super on downsizing the
In our previous blog, we discussed the five steps you need to take when starting your new business. The final, yet most important on the list was #5 – the development of your business plan. If you implemented our 5 key points correctly, you would have downloaded your free business plan template and are ready to get started! We understand that business owners, especially new ones, are time poor. You may be fitting in the establishment of your new business whilst holding down another job to pay the bills. As hectic as it may seem, taking the time to write your business plan is a job worth the time and effort. Why you ask? It’s gets your ideas down on paper A business plan is a great tool to get all your ideas out of your brain, put into perspective and in a good working order to turn ideas into
When you look at getting your finances into place the hardest part is knowing where to start. The first step is to get everything organised. Everyone can benefit from budgeting from Uni Students like our admin assistance Scott to Small business owners like Zac. To start your budget you will need the following: Incomes – including salaries, shares, investments and benefits Utility bills Insurances Grocery bills Entertainment costs Clothing costs Car and automotive costs Schooling / day care and other dependents costs Wine, coffee and music. (remember to try and make these tasks fun) Once you have all these items on hand you can get started to setting your budget. Our friendly team of accountants can sit down with you at your home from Tocumwal, Cobram, Yarrawonga & Albury. Accounting & budgets is what we do best. We are your True Xero partner using industry applications we will get you on
The Xero Health Check Xero much like any servicing software needs a health check to ensure its being an effective tool for you and your business. Like any accounting software package, Xero if not setup correctly can become a extremely frustrating experience if you don’t invest the time in getting it right. Your business is your financials and needs to be healthy to maintain strong viability. Some of our clients come to us with the xero up the S$#*. There is nothing worse than banks never reconciling, GST be calculated inclusive or ineffective bank rules a mile long. Without the proper initial setup, the profit & loss and balance sheet will be useless as a reporting tool, and the golden rule of money and accounting never mess with people’s money so if payroll accruals are all wrong Houston we have a major problem. If you want the best out of your
HA Accounting welcomes Davina Davina has just started in a new position of office manager/ Bookkeeper. Davina has joined our team to help run our Tocumwal, Albury and Strathmerton offices. She has over 15 years’ experience in office administration & bookkeeping. Davina is passionate about office administration, Xero and business setups. She is looking forward to working with clients of the HA family. Davina is a devoted mum & wife and loves the outdoors. She enjoys having work life balance to spend time with her family. She has a great passion for food and wine, which is a great fit with the team here at HA Accounting. So from Xero, bookkeeping & foodie knowledge give her a buzz in the office and she will be happy to assist you. What makes HA Accounting stand out? HA Accounting is a XERO Practice aiming to provide a flexible service to our clients.
Our previous post talked about how to start a business. By now you have registered your business name, domain, applied for an ABN and completed your business plan. Now what? How do you get this fabulous business of yours out to the masses and customers rolling in? Marketing. If the word marketing makes you run for the hills, rest assured we are here to make it nice and simple. We’ve outlined the top 3 marketing essentials you can do to get your business churning like a marketing powerhouse. Develop your branding Your branding says who you are as a business. Yes who you ARE. Your clients don’t just want to know what your business is, they want to know what you stand for. And your branding tells that story. Your branding consists of your logo, your colours, your fonts and the style and tone of voice you use throughout everything you
Laura has over 12 years’ experience and has clients in a range of different industries. She is passionate about Super, tax and compliance, and is looking forward to meeting both new & existing clients of the HA family. Laura’s clients know her as a big family mum whose relationship also extends to the entire Strathmerton community as a committee member of both the football & netball club & CWA. She is a mum of 7 and a grandmother of 10 so her family are big part of her life. We are looking forward to Laura being the mother hen of our firm. If you have any queries please don’t hesitate to contact Laura or book in for your next tax return with her in Tocumwal & Strathmerton. What makes HA Accounting stand out? HA Accounting is a XERO Practice aiming to provide a flexible services to our clients. We are not you
Starting a business can be a mix of 50% excitement and 50% fear. However, with the right amount of knowledge and support, you can ensure your path towards business success is a smooth one. Before you get started putting your dreams into action, at HA Accounting, we have listed 5 key steps to perform to get your business up and running: 1. APPLY FOR AN ABN Jump online onto the Australian Business Register and apply for an ABN. It’s quick, free and required for every business transaction you make. If you need some help see Zac & the team to do this for you. 2. DECIDE ON YOUR BUSINESS STRUCTURE One of the key decisions to make is your business structure – will you be a sole trader, a partnership, a company or trust? How your business proceeds depends on the type of structure you choose. Enlisting your accountant here