Oct 4, 2024 | Bookkeeping, Business Growth, Small Business, Taxation
By Peter Woodford, Associate, TSP Accountants & Business Advisors Accountants vs Bookkeepers If you run a business in Newcastle or the surrounding areas, you know how important sound financial management is to your success. One of the cornerstones of financial...
May 9, 2024 | Self Managed Super Funds, Small Business, Superannuation
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these...
Apr 26, 2024 | Business Valuations, Small Business
For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart? Every business owner is naturally curious about...
Mar 25, 2024 | Self Managed Super Funds, Small Business, Superannuation
A major update to the SBSCH means perfect alignment between employees’ super details and those recorded by the ATO will be critical, says the SMSF Association. The SMSF Association has emphasized the significance of ensuring that employees’ superannuation...
Sep 22, 2023 | 2023, Small Business, Taxation
Are you looking to purchase assets for your business? Eligible businesses can spend up to $20k per asset and immediately claim the tax deduction and GST. Talk to us about the best strategy for purchasing business assets. If your business is eligible, it may benefit...
Jul 5, 2023 | 2023, Deductions, Employers, retirement, Small Business, Superannuation, Working From Home
Recent proposed changes commenced from the 1st July this year, heralding in the new Financial Year. It’s a very mixed bag of alterations which some will be happy about and some may not. Check them out below in our featured article. If you need help with...
