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Businesses

6 Ways Year-end Tax Planning Can Benefit You & Your Business

If you really want to own and run a successful business, year-end tax planning must be incorporated into your annual planning and overall business strategy. As you’ve probably heard a million times over, “Failing to plan is planning to fail.” Rather than just skimming over that statement, really ask yourself: Do you understand the implications…

Marketing Services - Knox Taxation and Business Advisory

Introducing Our New Marketing Services!

Do you need help or advice with your marketing? From April 2019, we are going to start offering all-round marketing advice & strategies for small business, alongside our business advisory and tax compliance services. If you’re not interested in marketing, not a problem at all. We’ll continue to look after you and your business with…

Small Business Accounting Software – Which is best for your business?

These days, many business owners are investing in good quality small business accounting software to help with the successful running of their business. Are you feeling frustrated with the amount of time you spend: Recording receipts? Reconciling and balancing accounts? Keeping track of debtors or creditors? Manually entering data into excel spread sheets? Filing away…

10 Tips to Help You Build a Successful Business

Building a successful business can be challenging, regardless of whether you’re starting from scratch or striving to grow your existing business. As a small business owner, you may find yourself being pulled in multiple directions at the same time, and needing to wear different hats each day. Some days you’ll be delivering your product or…

10 Tips For Successfully Starting a Business

If you’re considering starting a business, there’s probably a million and one worries and concerns circling around in your mind. You’re not alone. Starting a business for the first time can be daunting, with many worried about experiencing failure. Despite once dreaming of becoming successful entrepreneurs, many never achieve it. Instead, they become burdened with…

New Scams Alert | How To Protect Yourself Now!

As most of you are aware, we are now in the peak season for many ATO and Tax scams. Recently, we have been informed of two new methods that scammers are using to phish personal and financial information from their victims. 1) 3-way phone conversations Scammers are now initiating 3-way phone conversations between their…

Online Tax Returns – Should You Do It?

Image src: https://photos.icons8.com/ Some people think that by doing their tax online, they will save time and money. But, it’s not a simple as you think, with most getting it wrong. By doing your tax online you could: End up paying too much tax (much more than you need to), or Make substantial errors that bring…

How You Can Start Planning For Your 2017/18 Tax Return

EOFY is always a very busy time for us, with our incredible team of Accountants being in high-demand. Therefore, if you’re ready to come in for your end of year tax appointment, please book in now. The later that you leave it, the less likely that you will secure your preferred date. It won’t be long before…

Changes to Personal Super Contributions & Deductions

Note: This information is for people who: Make personal super contributions from their income after tax (this does not include contributions made under a salary sacrifice arrangement and compulsory super paid by your employer), and Want to claim a deduction for these contributions. Since the 1st July 2017, the eligibility rules for claiming a…

Look out! The ATO is Cracking Down – Company Cars & Fringe Benefits Tax

Do you drive a company car or own a company registered vehicle? If so, please take note of the Fringe Benefits Tax (FBT) updates highlighted below. The Australian Tax Office (ATO) have recently warned about tightening-up on their approach towards people who own vehicles through their businesses – particularly, employers and tradies. Even if your…