Accounting for Psychologists August Newsletter
Olympics, Tax Preparation and keeping your personal and business expenses seperate Read More…
The end of another financial year is fast approaching and as your accountant, we believe part of our client brief is to help you minimise your tax liability within the framework of the Australian taxation system.
The purpose of this newsletter is to highlight some end of year tax planning opportunities but you need to act quickly and we encourage you to schedule a meeting as soon as possible to assess your options and the steps you need to take well before the 30th June, 2019.
Please note, this is a pre-Federal Election Guide and things may change after May 18, 2019.
You can download the full copy of the tax planning guide HERE
To assist you we have put together a list of strategies to consider and note:
The following list of tax planning opportunities is certainly not exhaustive and depending on your circumstances (including your turnover and whether you are on a cash or accruals method of accounting), terms and conditions may apply to some of these tactics. If you would like to discuss your tax planning options we urge you to contact us today and most importantly, don't leave it until the last minute as some of these strategies require some time to implement.
To minimise your tax liability there are several general strategies to consider before
the end of the 2018/19 financial year including delaying income and bringing forward losses.
Read More...
Other things that need to be addressed before the end of the financial year including motor vehicle log book, superannuation rates and
other issues for small business owners.
Read More...
In addition to the tax planning opportunities, there are a number of reporting requirements regarding stock valuation options, writing off
bad debts, etc. for businesses to consider.
Read More...
Before making any superannuation
contributions please discuss this with our office. There are strict eligibility requirements. Most importantly, regardless of the type of
contribution being made, transfers and deposits must clear before June 30.
Read More...
Details of what's required to obtain the immediate write off for individual small business assets valued lower than $30,000.
Read More...
Disclaimer: This newsletter contains general information only. No responsibility can be accepted for errors, omissions or possible misleading statements. No responsibility can be accepted for any action taken as a result of any information contained in these articles. It is not designed to be a substitute for professional advice and does not take into account your personal circumstances.
See below other recent articles:-
Accounting for Psychologists August Newsletter
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Accounting for Psychologists Newsletter #18
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Accounting for Psychologists Newsletter #17
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Accounting for Psychologists Newsletter #16
This month’s newsletter continues on with the theme of Spring cleaning. Last month it was personal finance, this time it’s Spring
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Read More…
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Accounting for Psychologists Newsletter #14
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Accounting for Psychologists Newsletter #13
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Accounting for Psychologists Newsletter #12
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Accounting for Psychologists Newletter #11
This month the newsletter will cover:
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Accounting For Psychologists Newsletter #6
This month covers:
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Read More…
Accounting For Psychologists Newsletter #5
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Read More…
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Read More…
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Merry Christmas from Sheridans...
Wishing all our clients and their families the very best for the Festive Season and a safe & happy 2022. Please note our offices will be
closed from 11am Thursday 23rd December whilst we undergo renovations, limited staff will be available from Monday 10th January 2022 until
we fully re-open on Monday 24th January 2022.
In the meantime, and in case you missed it, check out our latest Business Accelerator Magazine, full of articles and news about growing and
nurturing your business. This edition includes our second article in a series on What are the Key Ingredients for a Successful Business? As
well as articles on the ATOs new Stapled Super Fund rules, an examination of why start-ups fail and info on the rules around the newly
introduced Company Director ID Number…
Read More…
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Read More…
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In Case You Missed Our September 2021 Business Accelerator Magazine…
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