Getting a cool tax returnGetting a cool tax return

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Getting a cool tax return

For many years I couldn't work out how my co-workers seem to be getting these really cool tax returns, which let them go on holidays to Bali, where I seem to get tax returns that let me go to the local fast food joint if I was lucky! Since I met my girlfriend I started to go to her tax accountant and I finally understand how it all works. There are so many easy deductions that I can claim now, which is going to help me head to Thailand this year! This site has some of the tips I have learnt to help you maximise your return this year.

Understanding Your Tax Accountant’s Toolkit: Tips for Maximising Deductions

Tax season can be a daunting time for many individuals and businesses. The complexities of the tax code, ever-changing regulations, and the need to maximise deductions can make the process overwhelming. This blog post provides valuable insights into a tax accountant's toolkit, offering practical tips on how to make the most of deductions. Read on to explore how you can navigate the intricacies of tax planning and optimise your financial outcomes. Read More 

Should You Consider a Self-Managed Super Fund As You Plan for Retirement?

If you're looking at your long-term plans and trying to make arrangements for your retirement, you need to focus on different vehicles and strategies that will help you hit your targets. As you look through your options, you may want to consider a self-managed super fund (SMSF), which will typically give you more choices than would a traditional superannuation fund. So, why should you take a closer look at SMSF? Read More 

3 Ways an Accountant Can Help You During Liquidation

If you are facing liquidation, you are not alone. Many businesses have to close their doors every year due to financial difficulties. However, there is help available. A qualified accountant can give you the advice and support you need to get through this difficult time. Below are three ways an accountant can help you during liquidation. 1. An accountant can help you understand your options If you're considering liquidation, it's important to seek professional advice to understand all of your options. Read More 

If You Want to Sell Your Lifestyle Business, Should You Consider an MBO?

Across the country, many baby boomers are sitting on a successful and profitable lifestyle business. They may have built the company up over the years so that it operates like a well-oiled machine, and in a situation like this, they may often be reluctant to let go of the reins. Yet with advancing age come other opportunities, and a less frenetic life may be more attractive. If you find yourself in this situation, you will certainly be thinking about your options, so if you want to leave the company in good hands going forward, what can you do? Read More 

Key Elements of Bookkeeping

Many professional bookkeepers have seen their fair share of the good, the bad, and the ugly in careers, particularly regarding small startups. Surprisingly, bookkeeping mistakes commonly arise from minor omissions and commissions that compromise the entire bookkeeping system. When it happens, a bookkeeping system loses value, making it easy for business owners to abandon proper accounting practices. However, even if you do not hire a full-time accountant, you can still make a bookkeeping system work for you. Read More