Category: accounting

Important tax dates and obligations Q1 2023

Key tax & lodgement dates for the July – September quarter 2022 21 July Lodge and pay June 2022 monthly business activity statement. 28 July Lodge and pay June 2022 quarter activity statement if you lodge by paper Pay June 2022 quarter instalment notice. Lodge the notice only if you are varying the instalment amount. […]

Weighing up a big investment in your business

It’s expensive to invest in a new website, payment platform, project management software or automation. Should you take the plunge? We can help you weigh up the costs and benefits. Are you considering investing in a new way to make your business more productive or streamlined? With a tight labour market, everyone’s time is at […]

Tax Tips for Trusts

Do you operate a trust for investment or business purposes? Trust management can be complex but worthwhile to protect assets, streamline the tax return process and maximise allowable deductions. Talk to us about how we can help manage your trust. Whether you have a trust set up for investment or business purposes, there are some […]

Business tips: Nurturing your customer relationships

Your customers are vital to your journey. So, what are you doing to nurture them? We suggest some top tips for building your customer relationships. The stability of your business isn’t just based on sound finances. Forming rock-solid foundations comes from having a solid customer base and building long-lasting relationships with your end users. To […]

Interest Rates 101

How (and why) does the Reserve Bank control interest rates, and what does it mean for your home loan, bank deposits and other investments? While we understand banks charge interest on their home loans, exactly what determines the rate? Following recent rate rises, should we be worried that interest rates will spike even higher in […]

Super explained: catch-up contributions

We’ve all heard that super is a tax-advantaged structure for retirement savings, and more people are realising that “catch-up contributions” are available – but what exactly does that mean? But first – why contribute more to super? Superannuation does impose restrictions on access to your money. It is, after all, intended to provide for your […]

Important tax dates and obligations Q4 2022

Key tax & lodgement dates for the April – June quarter 2022 21 April Lodge and pay March 2022 monthly business activity statement. 28 April Lodge and pay March 2022 quarterly business activity statement if electing to receive and lodge by paper and not an active STP reporter. Make super guarantee contributions for the March […]

How an accountant supports your business development

As your accountant, we won’t just look after the financial side of your business, we can also advise you on the strategic side of your company, including the importance of business development as vital part of your growth plan. Business development (BD) is what helps your company move from slow, organic growth to fast-paced, hypergrowth. […]

New Family Trust Tax Rules – Will the Changes Impact You?

If your trust pays adult-child beneficiaries, then you’ll need to know how the new ATO tax guidance rules could alter your beneficiary arrangements. The proposed changes won’t affect every small business operating through a trust arrangement, but it’s important to check that existing provisions meet the new requirements. The ATO has released several related documents […]

Super Guarantee rate increases to 10.5%

With the new financial year fast approaching, it’s worth noting the legislated increase to the Superannuation Guarantee (SG) contribution rate effective 1 July 2022. As per the table below, next financial year the SG rate will increase to 10.5%, on its path to 12% by July 2025. Super Guarantee (SG) rate Income Year Legislated Rate […]

2022 Federal Budget

Tuesday night’s pre-election Federal Budget contained a variety of spending and support initiatives aimed at low and middle income earners, families and businesses. There were very few changes to superannuation, but a number of taxation and related measures. Please note that these proposals are not yet legislated, and as always, the team at AGS Financial […]

Making sure your new business finances are in order

Getting your head around the basics of bookkeeping, accounting and good financial practice may not come naturally to all business owners. But the better you understand the numbers, the more control you’ll have over your business and your decision-making. To get you started, here’s a rundown of some of the main financial terms and how […]

Important tax dates and obligations Feb-April 2022

Key tax & lodgement dates for the February – April 2022 21 February Lodge and pay January 2022 monthly business activity statement. 28 February Lodge tax return for: non-taxable large/medium entities as per the latest year lodged. new registrant large/medium entities Lodge and pay Self-managed superannuation fund annual return for new registrant SMSF’s. Lodge and […]

Small Business: Know your Numbers

Understanding your financial reports, or knowing your numbers, is critical to business success. It allows you to make better business decisions, measure the impact of those decisions, take corrective action where necessary and, ultimately, enjoy better results. By understanding your financial reports, you’ll: Know if your business is growing or shrinking Discover trends in your […]

Our five Small Business goal-setting tips for 2022

Effective goal setting will help you get the very best out of the year. Our 5 goal-setting tips will help small business owners reach new highs. Wouldn’t it be great to have your best year ever, this year? Whether you want to grow your business or take more time for yourself, these goal-setting tips can […]