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How the ATO is Tackling the Black Economy

How the ATO is tackling the black economy with this living expenses questionnaire The black economy, or also known as the cash or hidden economy is a significant economic issue that affects all of us. It refers to both dishonest and criminal activities that take place outside of, or involves misuse or abuse of the […]

The basics of single touch payroll

What is Single Touch Payroll? We’ve all heard Single Touch Payroll being mentioned before. It originated around 2014 and didn’t draw much attention until it’s launch in 2018. Here’s a little bit of background information: Single Touch Payroll (STP) eliminates the need for employers to report employee tax and super info to the ATO every […]

How to drive business sales from your accounting data

How to drive business sales from your accounting data Accounting data is full of ‘stories’ and telling these stories can help you improve your business. An example that we see all too often looks something like this: A Business with Top Line Growth Goals… Nothing unusual there. Many businesses want to grow revenue to […]

Dental Accounting

Dental Accounting The job of a dentist is very different to what it was 20 years ago. The profession has evolved, expectations from clients have risen, new health care laws have been created. Digital technology has advanced and large student loans have impacted how dentists must work and run their dental practices. Since the turn […]

Medical accounting for doctors in Sydney

Medical accounting for doctors in Sydney Why do medical professionals such as doctors and dentists need accountants in this modern era of technology? Simply put; medical professionals who run small businesses need specialised accounting advice to successfully run their medical businesses. Bots (robots) cannot do the same job a specialised, educated, professional accountant can do. These […]

Why Entrepreneurs are Acquiring Properties

Why Entrepreneurs are Acquiring Properties Property investment and development isn’t a new trend. Investing in property and land has been a popular pursuit for decades because on the whole, real estate continues to appreciate in value. Entrepreneurs are seeing the attraction of acquiring properties more and more, both locally and abroad as the need for […]

How Doctors Can Reduce Financial Stress

How Doctors Can Reduce Financial Stress Surgeons and doctors are the heavyweights of the medical profession. Working with intense concentration for hours on end, it comes as no surprise that these professions are considered some of the most stressful in the workforce. Every day surgeons have lives depending on them which is why they are usually […]

Business By Design

Business By Design Most businesses are built by default – not by design. Very few businesses start ‘with the end in mind’ and design it from the ground up. Most businesses grow by default with people, systems, culture, clients, numbers, habits and attitudes. If you take a good hard look at your business today, is […]

The Four Most Common Financial Mistakes Made By Small Businesses

Four of the Most Common Financial Mistakes Small Businesses Make (and how to avoid them) with Sandeep Bhatt Many small business owners are entrepreneurs who went into business seeking freedom, a better lifestyle, more money or simply because they wanted to run their own show. Financial acumen is rarely high amongst the skills possessed […]

The Best Tax Advice For Doctors

Getting your business structure right- from the start with Sandeep Bhatt Why you need a specialist tax advisor? There is a specific tax law for medical profession. The Accountants with generic practice do not have time and resources to focus on special needs of doctors. With a specialist tax advice, a dentist saved $33,000 […]