Small business owners usually lack the money on hand to buy business assets outright without tightening their cash flow. On the other hand, ownership can also be appealing. So, what’s the right option for you: lease or buy? Financing choices There may be times when you can’t get a hold of cash to purchase business […]
You probably have encountered all types of clients – those who have to take drastic action right this minute; those who live happily outside of their means; and those who believe that long term is next week. It’s fun living your life now and not thinking about your obligations for the future. But when the […]
The Australian government announced some major changes as part of 2015’s federal budget. These changes, presented in May 2015, indicate huge benefits and incentives for small businesses. Here are some notable changes in small business tax: An immediate write-off of $20,000 Up to $20,000 for asset purchased can be claimed by small businesses. Though the […]
Some of the changes that are worth noting are the tax benefits for small businesses, the new tax procedure for managed investment trusts, and strengthening access to company losses. Depreciation for small businesses made simple Small businesses are entitled to an immediate deduction to the business part of most assets of they are valued below […]
To save on fees, superannuation members are advised to consolidate their accounts. However, doubling up may sometimes be advantageous. Utilising two or more funds could benefit some in relation to tax, estate planning and insurance. And there is no rule saying that it is not legal to have more than one fund. A number of […]
Audit proofing your business is a sign of good corporate governance. The essentials to the concept of audit proofing your business is your manner of handling record keeping for your business and your knowledge of the laws that affect you on a day-to-day basis. Make sure your record keeping is outstanding Using a professional online […]
The Australian Business Register will be revoking the Australian Business Numbers (ABNs) of inactive trusts starting February 2016. Those that will be targeted are entities with tax records showing that they have ceased to operate a business, meaning they have no filings of business activity statements (BAS) and/or income tax returns over the last two […]
Tax time is here once again. Have you found time to evaluate your business to determine how it is performing? Or is your schedule to hectic to slot that task in? Being full of activity doesn’t always translate to profitability. For your business to grow, it’s important to evaluate performance regularly. It is also a […]
PJS Accountants
Level 1, “The Hub”
2 Loraine St
Capalaba, QLD 4157 Australia
Phone: (07) 3390 3177
Fax: (07) 3245 5726
Email: admin@pjsaccountants.com.au
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