Are you looking to buy or sell a business and not sure where to start? In this article, I’ll go through some of the fundamental concepts you should know about buying or selling a business so that it can get you off in the right direction. Introduction There are some important considerations that need to…
As an accountant, you start to see patterns, and this is no different from small business owners continually penalised with ASIC late fees. The two most common ASIC late fees we see clients receive are late lodgement penalties for annual statement review fees and late lodgement of change of detail penalties for your company. In…
We’ve all cherished the stereotypical idea of an accountant sitting in a lonesome office crunching away at numbers for hours on end, but this is just not true anymore for the modern-day accountant. Although there are many accountants out there who still practice accounting from the Jurassic period, I think there are some traits of…
In Sydney, the average business pays $200 – $300 an hour for accountant fees while in Melbourne, the 15% reduced living costs usually reflect in the accounting fees down to $165 to $330 an hour (inclusive of GST). So the question is, how do you go about reducing your accountant fees? Finding out if you’re…
Looking for an accountant? What you should be looking for in an accountant? What benefits can an accountant offer? Finding the accountant who will be the right fit for you can be a long and complicated process. The general view is that accountants are expensive and are only there to ‘fill out forms to keep…
Taking money out of a limited company for personal use Many contractors choose to operate out of a Pty Ltd company as it is the most suitable structure for them. A Pty Ltd Company is a separate legal entity and thus, all the money and assets belong to the company as opposed to the shareholders…
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