How a Virtual CFO can help you manage your business finances

There are numerous reasons why business fail and these can include lack of planning, poor financial management and leadership, lack of profits or marketing strategy, just to name a few. In order to survive, a trade business owner needs to ensure that all the business functions are getting full attention. However, playing the jack of all trades within the business can lead to important business functions being unattended to.

In growing your business, Profit, tax planning, strategy, changing accountants, profit margin, consulting

Top 6 tax deductions for trade business owners

Tax Deductions for Tradies

As we fast approach the end of the financial year, did you know that as a trade business owner, you can legally minimize your taxation liability by seeing a professional adviser.

In Financial Year, Planning, small business, tax minimisation, tax planning, Tax Return, Tradies Tax, strategy, consulting, Tax Law

Fringe Benefits Tax - 2019

Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee (or an employee's associate e.g. a family member) in place of salary or wages. This is separate to income tax and is calculated on the taxable value of the fringe benefits provided. Trade businesses in particular usually have vehicles or other assets that are used by employees for private purposes. It is important for business owners to identify this usage and report to the Australian Taxation Office (ATO). We will prepare your FBT returns for you and lodge them with the ATO.

In ATO compliance, tax planning, Compliance, FBT