Many people dream of owning their own business, but when they do sometimes they find that in fact the business owns them! So how do you gain control over your business so that it serves you rather than enslaves you? If you’re after time freedom in your business as opposed to wanting to continue to [...]
I want to start a business, but where do I start? Is a common question that people have. Whatever type of business you want to start one of the first steps should always be to talk to your Accountant. Obviously people think about what equipment they may need, they may have an idea of a [...]
Let's talk about tax returns for influencers today. Blogging has been a growing industry over the last couple of decades and now we are moving into the influx of the influencer industry that is especially prevalent on the social medial platform Instagram. With the rise of social media over the last decade the blogging/influencer industry [...]
If you receive foreign income it is very important that you declare it. The ATO have announced that the gloves are off when it comes to the underreporting of foreign income. How you are taxed and what you are taxed hinges on your residency status for tax purposes. This can be different to your general [...]
A great accountant is not only a valuable resource for tax planning and accounting for your small business; they can also offer advice on other aspects of your business. Finding the right accountant and working closely with them is a vital part of growing your business, but how do you do this? We’ve compiled 5 [...]
Exercise can be incredibly beneficial for the body, but it’s also great for the mind. So what are you waiting for? Get moving! As small business owners it’s vital that you are not only healthy, but that your mind is sharp and focused. When it comes to exercise we all know the warm fuzzy feeling [...]
Efficiency is important for all businesses but it is absolutely vital for a small business to be successful. A local hairdressing salon that has a staff of five for example has a much smaller margin of error than a chain of day spas that has a staff of five hundred. As the size of the [...]
Taking ten minutes to do ‘nothing’ may seem like a luxury you can’t afford. But it’s essential when it comes to maintaining one of your greatest assets: your mind. The terms ‘meditation’ and ‘mindfulness’ might seem a bit hocus-pocus, but you’ve got to admit: we could all use some strategies to chill out from time-to-time. [...]
While most of us would laugh at the idea of claiming a sword or Netflix subscription on your tax for some people they are allowable deductions! If you are claiming something out of the ordinary however, expect it to be challenged by the ATO. The three golden rules that determine if you can claim something [...]
A common misconception about income protection insurance is that it’s only for high-earners, but this isn’t the case. In reality, no one can afford to be without this safety net, regardless of the amount of income you earn. The only things certain in life are death and taxes—or so the famous saying goes. Thankfully, income [...]
