Blog

Understanding PAYG Instalments – Are you all over your PAYG calendar for 2021?

Sophie Foster-Spinks — Tue, 23 Feb 2021 23:08:38 GMT

What’s the first thing that comes to mind when we say the words ‘Australian tax system’? Often, the word complicated comes straight to mind with many seeing the Australian tax system as a complex set of rules and regulations. Whilst this is quite often truth from the perspective of a small business owner, we can’t stress the importance enough of understanding the basics of our tax system.

Best Asset Protection Strategies for Small Business Owners

Brett Kelly — Mon, 22 Feb 2021 20:00:00 GMT

Around 50% of Australians do not have a legally-valid will. Many of us have it on a -do-later list, risking leaving our loved ones without any financial security if the worst should happen. A will is a vital form of asset protection, giving those you care about a safety net and safeguarding your legacy.

5 Tips For Developing an Effective Succession Plan

Brett Kelly — Mon, 08 Feb 2021 20:00:00 GMT

What if you woke up tomorrow and decided to just stop working? It might even be a thought that’s occurred to you on a particularly miserable Monday! But if you have dedicated yourself to building up a business, you know it’s really not as simple as leaving the doors locked and the lights off.

From Good to Grow | Uplifting Solutions embracing the new normal

K+P Team — Thu, 28 Jan 2021 02:11:08 GMT

2020 was the year Australians stayed at home. As January draws to a close, do you have a solid idea of what working will mean and look like for you in 2021? Will you work from home, transition back onsite or live in a sweet in-between?

COVID-19 and Fringe Benefits Tax (FBT): Do you know what you can claim?

K+P Team — Thu, 28 Jan 2021 02:10:31 GMT

When employees started working from home in March 2020, there was lots of confusion around the Fringe Benefits Tax (FBT) in Australia. Many of the usual employee benefits weren’t being provided, and some employers were offering new things such as COVID testing, face masks and flu vaccinations.

7 Marketing Tips for 2021 – Growing your small business during COVID-19

K+P Team — Thu, 28 Jan 2021 00:34:39 GMT

Everything there is to say about COVID-19 and 2020 has already been said. So, we won’t. While some jobs have gone and some businesses have closed, there’s many more who’ve weathered the storm.

How to find the best loan structure for your new investment property (and save tax too!)

K+P Team — Wed, 27 Jan 2021 23:39:12 GMT

We talk about property investment a lot at Kelly+Partners. And for good reason. It’s a sound strategy to secure the financial future of you and your family. Nevertheless, even though most people borrow money to buy an investment property, few give any real thought to the structure of these loans.

4 Ways Your Small Business Accountant Can Help You Plan Your Retirement

Brett Kelly — Mon, 25 Jan 2021 20:00:00 GMT

According to the Australian Bureau of Statistics, the average retirement age is around 63. However, many small business owners and professionals keep working well into their late 60s or beyond because they love what they do. Retirement planning is all about having choices, whether to keep doing work you love or changing course to spend time doing something else you are passionate about. The key is making sound financial decisions well ahead of time.

Business Cash Flow and Profitability | 5 ways to improve cash flow that every business owner should know

K+P Team — Mon, 25 Jan 2021 02:11:12 GMT

While you may see a consistent amount of revenue coming into your business bank account, this doesn’t necessarily mean your business is turning a profit. Yes, cash coming into the business is great, but it’s not the only thing you should be thinking about.

Debt management - how a great small business accountant can help you control debt

Brett Kelly — Mon, 11 Jan 2021 20:00:00 GMT

Can you put a dollar value right now on exactly how much debt you owe? If you are like most Australians, the numbers are possibly a little fuzzy. There are so many types of debt - home and investment property loans, business loans, credit cards, store cards, current balances on utility accounts, buy-now-pay-later arrangements - just to name a few! It’s no wonder that debt management is a struggle for many business owners.