Blog

May 18, 2015

Taxation For Property Developers

With any property development being undertaken, there are a number of issues which need to be addressed to ensure the outcome is the best possible. A major item in this is attending to the raft of taxation issues impacting on the development. Working with many clients over a number of years, we have built up a considerable expertise in this complex area. Key Issues Some of the issues that need to be considered in property development: Is the property pre Capital Gains Tax? Does or can the margin scheme apply for GST? Is the development going to be completed over a number of stages? Is the developer going to retain one or more of the developed properties at the completion […]

May 15, 2015

Common Startup Bookkeeping Mistakes

Bookkeeping doesn’t have to be complicated if you start off with a reliable Bookkeeper Melbourne. More often than not, many start-ups common all too common mistakes when it comes to their bookkeeping as well as hiring a Bookkeeper Melbourne. Putting Bookkeeping Off –- Til It’s Too Late In a rush to launch a new store or product, bookkeeping is often at the bottom of the to-do list. Most don’t bother looking for a Bookkeeper Melbourne until they have trouble sifting through their financial records. This is easily one of the most common mistakes and leads up a pile up of work. Ideally, you want a bookkeeper Melbourne you can rely on to keep track and maintain your books so you […]

May 8, 2015

Common Startup Pitfalls You Need To Avoid

Whether you are starting a business or you are in the midst of a challenging financial setback, it’s worth knowing my many startup companies fail and fold before they even reach their second year. The books don’t like. If you are planning to get a bookkeeper Melbourne, make sure to get up who is backed not only by expertise but also with significant experience. As a trusted bookkeeper Melbourne, here are some of the most common money mistakes newbie entrepreneurs make: Underestimating Operating Costs A lot of people decide to work with a Melbourne Accountant or a bookkeeper Melbourne when their business is thriving. However, it is generally best to get their services way before to start rolling out your […]

April 27, 2015

Bookkeeping For Trusts

If you operate a business through a trust you need to be extremely accurate with bookkeeping Melbourne as there are complex tax rules relating to calculation of net income of a trust. It is for this reason that it is important you choose a reliable bookkeeper Melbourne. Since the trust net income needs to be distributed to beneficiaries in strict time frames, up to date bookkeeping with trusts is very critical. This does require a good bookkeeping system to keep track of the business income and expenses. You would be amazed how many business owners have “half baked’ bookkeeping systems that have been set up by accountants and bookkeeper Melbourne who really do not really understand proper bookkeeping for trusts. […]