By Leah Oliver, founder of Minnik Chartered Accountants It feels like all we have to do is blink and Christmas is upon us – our days are filled with work, school, homework, sports commitments and other activities and this year we have COVID-19 in the mix. All of a sudden, the silly season is now…Details
Tradie businesses are sitting on a goldmine. What steps can they take to leverage business for personal wealth?
By Leah Oliver, founder of Minnik Chartered Accountants As an Accountant and Wealth Coach who specialises in working with business owners in the trades industry, I often see tradie businesses take off very quickly after an initial startup phase. Quite often, things plateau out shortly after, and cash flow problems start to present, particularly where…Details
2020 is a year like no other! With Covid-19 Stimulus Measures in place, businesses have the ability to tax claim fixed asset purchases or the balance of their General Small Business Pool where the value is less than $150,000. For most small businesses, this presents a healthy tax break.Details
If your business is approaching financial year end with excess profit, a useful way to absorb this profit for tax saving purposes is to bring forward any planned purchases that you may have. By planned purchases we mean necessary spend that is planned for some point in time in the near future.Details