Every Australian Resident pays tax, but to maximise your tax refund or to reduce any tax payable it is something tax requires tax experts assistance. It is the ticket to a well-oiled and better-functioning democratic country. When taxes are paid, the government can use the funds to start new schools, colleges, hospitals, or complete infrastructural…
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INSTANT TAX WRITE OFF
Businesses operating in Australia must pay tax every year. Do you know your business can become eligible for tax breaks that can reduce the total amount you must pay to the government? Instant tax write-off refers to the tax break a business is eligible to claim for the asset purchased. Businesses can claim an immediate…
Microsoft Excel Tricks for Accountants
Working with either Google’s spreadsheets or an MS Office’s Excel is a part of every single accountant’s daily working routine. Sorting and ranking the endless rows of data and digits there is another one. Many users often resort to simply sorting data in ascending or descending order. I’ll provide you all fellows with an alternative…
Checking the Check Images
Just the other day, when I was compiling my new bookkeeping research project, I bumped into an unexpected issue with it. All the work has been halted because of the fact that I didn’t have the information on checks written, as the client’s bank statements do not include check images. That was true for either…
R&Ds & Startups: Tax Deductions
If you run a startup company these days and your yearly gross receipts account for less than $5 million now, then you have a pretty much fairytale-like option of asking the federal government for up to $250,000 in your R&D credits. This smart move will offset against your payroll tax liability rate. Already, this year…
What Do Accounting and Baseball Have in Common?
Just recently I was watching how the Auckland was trashing the New York Yankees (never ever) and I figured out, that actually when it comes to comparing major league sports and its stats-driven decisions and the accounting, the similarities are uncanny. Major sports leagues face shorter succession planning cycles and most of their hiring moves…