Tax Tips
Sharing valuable insights on accounting, tax strategies, business consulting, and more to help you stay informed and make confident financial decisions. Stay tuned for the latest updates tailored to both individuals and businesses!
Happy Finances, Happy Christmas
How to Enjoy the Season Without the Stress
The Christmas season is a time for joy, celebration, and connection – but for many households, it’s also one of the most financially stressful times of the year. Rising costs, gift expectations, travel, and festive social events can quickly add up and turn a cheerful season into an anxious one.
The good news? With some simple planning and smart financial habits, you can keep the holiday spirit high and your money worries low. Here are practical tips to help you enjoy this Christmas — and set yourself up for an even smoother one next year.
Financial Fitness Resolutions for 2025
Did you know that around 50% of Australians make New Year’s Resolutions? Chances are you were one of them! Research suggests that only a small percentage of people (around 8% to 20%) are successful in achieving their resolutions or goals.
Why does my small business need GPP?
Here are 5 good reasons why your business needs GPP: Financial accuracy: GPP ensures that all financial records are accurate, minimising errors in bookkeeping and financial reporting.
R & D Tax Incentives
In Australia, the Research and Development (R&D) Tax Incentive program is designed to encourage businesses to invest in innovation and technological advancements. This program provides financial support in the form of tax offsets, which can help reduce the cost of conducting eligible R&D activities.
Tax Facts for Farmers
Farmers in Australia can benefit from several tax concessions and strategies to reduce their tax burden. Here are some key tax tips that Australian farmers should consider:
Common Tax Mistakes to Avoid
EOFY can be a time of stress or of anxious anticipation. Will you score a decent enough tax return to help fund for your overseas holiday? Or will you plunge to the depths of despair upon receipt of an unexpected tax bill?
GPP can help you avoid some of these common tax mistakes, thus reducing your paracetamol bill.
Tax Tips for Tradies
1. Claim your tools
Did you know you can claim deductions for tools and equipment? Keep your receipts for purchases and repairs.
2. Deduct Vehicle Expenses