Tax Planning
How to never, ever miss out on a tax deduction
After helping thousands of clients over the past 16 years, there’s 3 key things I believe you will incredibly benefit from doing in the next month. 1. How to never, ever miss out on a tax deduction Many people miss out on tax deductions, every year, because they: Lose receipts Forget about payments they make […]
Getting ready for The New Financial Year!
Your 2017 EOFY Tax Minimisation Tips Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and after 30 June. Some of these will help to minimize your tax. We have outlined these action points below to assist you. Date Action […]
Budget Update 2017
2017-2018 Federal Budget Update We at Success Accounting Group are here to help you make smart financial decisions now so you can have a beautiful financial future. One way we do that is through careful tax planning! If you haven’t met with us yet, now is the time to contact us to arrange a tax planning […]
TAX DEBT
Managing cash flow is a constant challenge for small businesses, but there’s no reason for tax obligations to make it any harder. Tax debt is any taxes that you owe to the ATO after the filing deadline. It does not matter if you filed your tax return before the deadline or paid a partial amount […]
The Fringe Benefits Tax
The Fringe Benefits Tax (FBT) year runs from 1 April 2016 to 31 March 2017. Another tax planning strategy for business owners, is to determine if they have an FBT exposure and if so start to collect the relevant information in order to complete an FBT return for the year. What is it? FBT is […]
Why use a Bucket company?
Why use a Bucket company? A bucket company allows you to “cap” the tax on profits distributed to or by trust at lower tax rate of 30%, whereas individual tax rate is 49%.Thus , It can save you a lot in tax. This is basically an asset holding company that dose not involve in any […]
The secrets to Tax Planning
The secrets to Tax Planning Tax planning is a secret to reduce your tax burden. You can reduce your tax in these ways: By reducing your income. Second way is to increase your tax deductions. As the income from the investment of the superannuation is taxed at a flat rate at 15% and capital gains […]
An Eye for Now, an Eye for the Future
Let Pre Year End Tax planning be more than just getting a bigger refund It’s the last quarter of the financial year. It’s the best time to review your profits, estimate your tax bill and determine what you can do to get your tax bill as low as possible (or your refund as high as […]
Success Accounting Group’s Super Stream Solution for Employers before 30 June 2016
As you are preparing for your BAS returns this quarter, now is a good time to also review if your business is Super stream compliant and aim to implement way before the deadline of 30 June 2016. Under SuperStream, you need to pay super contributions for your employees electronically (EFT or BPAY) and send the […]
Increase your Cashflow this Christmas Holiday
With 2015 drawing to an end and the Christmas season coming up, business tends to slow down however you have expenses that do not go on break. Today we will be discussing 5 key ways to boost your cashflow this Christmas. 1. Boost your marketing When companies look for ways to lower expenses, they often […]