Business Activity Statements. Who is actually allowed to do your BAS?
Elyse Haynes Elyse Haynes

Business Activity Statements. Who is actually allowed to do your BAS?

Business Activity Statements, or a BAS, is required for all businesses registered for GST. BUT - who is actually ALLOWED to do your BAS?

Don’t be fuzzy on the details for this one, it’s a legal requirement & doing it right will keep you out of trouble with the ATO.

In plain language you can actually understand, here’s what you need to know.

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Are you leaving money on the table? How we help Laura Higgins Maximise her Profits.
Elyse Haynes Elyse Haynes

Are you leaving money on the table? How we help Laura Higgins Maximise her Profits.

Working closely with Laura Higgins & her husband Nathan, we have flipped things upside down and changed the way they approach their money altogether.

Managing your finances as a creative may not come naturally, and that’s ok!

BUT - you are potentially leaving money on the table if you lack financial expertise. It might be time to take a closer look at your current approach and expenses to determine whether managing finances yourself is cost-effective or if it’s time to bring in the pros.

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Scams, spams and confidential data.
Elyse Haynes Elyse Haynes

Scams, spams and confidential data.

With the evolution of artificial intelligence, online scams are on the rise and they're getting very convincing. This tax season we’ve seen a rise in junk mimicking the ATO, MyGov & Meta.

We chatted to Adrian Smith of Run Gopher about what to look for and how to protect yourself online.

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Financial Forecasting & how it could save your business.
Elyse Haynes Elyse Haynes

Financial Forecasting & how it could save your business.

Money & financial stress is something we see a lot. Working with business owners in Newcastle every day, we see the drama you’ve kept off your social media channels, and we know how to manage it.

Let’s talk about how we work proactively with business owners to take the guess work out of your financial future.

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Is My Art a Tax Deductible Purchase?
Elyse Haynes Elyse Haynes

Is My Art a Tax Deductible Purchase?

You’ve seen other creators saying that purchases of art for their businesses are 100% tax deductible. We’re all flooded with claims that you need to make purchases before the end of the financial year, and you likely don’t want to miss an opportunity to sell your art too.

But is your art a tax deduction?

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How to nail your business tax return appointment
Elyse Haynes Elyse Haynes

How to nail your business tax return appointment

Tax time is the perfect time for us to take some stress away from you, and to take stock of what’s really happening in your numbers - coming prepared is key.

Here’s what we’d LOVE every business owner to be asking when it comes time to talk tax returns.

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Keep your Hands Clean and your Numbers in Tidy
Elyse Haynes Elyse Haynes

Keep your Hands Clean and your Numbers in Tidy

You want to keep your profits up, your costs down and the customer happy. It’s a constant juggle between negotiating with suppliers, keeping your staff happy and providing a top of the line service.

Here’s some quick tips to keep the stress at bay and your business humming.

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Got your business structure right? How to know when it is time to restructure.
Elyse Haynes Elyse Haynes

Got your business structure right? How to know when it is time to restructure.

Once upon a start-up, you sat down in your lounge room with a dream, a wing and a prayer. You slapped together a plan for your business and went on your way.

Or, maybe you’ve been handed an established business and you’re on a path to modernising a well oiled machine.

Here’s why “Set & Forget” just straight up does not apply to your business structure.

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What you need to know about the “Instant Asset Write-Off Scheme”
Elyse Haynes Elyse Haynes

What you need to know about the “Instant Asset Write-Off Scheme”

The Instant Asset Write-Off scheme allows eligible businesses to immediately deduct the cost of certain assets, rather than depreciating them over several years.

This can really reduce your taxable income for the financial year in which the *stuff* was purchased.

Need that stuffed crocodile for your business? Now might be a good time to buy it.

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Why reducing your tax payments isn’t always the best idea.
Elyse Haynes Elyse Haynes

Why reducing your tax payments isn’t always the best idea.

No one wants to line the pockets of the Australian Taxation Office, paying taxes feels like giving money away for nothing. You work hard, and keeping your profits in your own pocket is the dream. Here’s why reducing your tax payments isn’t always the best way forward for your business.

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