Wow, where has the time gone? There’s been a lot of buzz lately in the Box Advisory community!
Earlier this month, I had the pleasure of being a part of a panel of experts hosted by our friends at Prospa to talk about access to business lending for SMEs as part of a new education initiative they are rolling out! Stay tuned and follow us on our social channels to watch the discussion about some alternative lending options SME business owners may have access to.
Now, onto the juicy stuff.
Tip of the Month
I share my story on how hiring my first employee changed EVERYTHING. Prior to that, I was a one-man show and doing it all. Now, with a small team, I have a completely different outlook on my role in my business.
ASIC Fines & How To Avoid Them
There is a slew of ASIC fines that small business owners often cop but none more often than late lodgement fees. What’s funny is that these are actually the easiest ones to avoid by simply marking them in the calendar each year. I created a video and an article to explain exactly that.
How Tax Works For Your Investment Property
The Australian dream involves buying your own home but for those of us who are savvy enough to have acquired multiple homes, there are some pretty hefty tax implications if you’re not careful.
For example, did you know that you can’t claim tax deductions for the costs of owning your property if you don’t rent it out?
Important Upcoming Dates
1st October onwards: Most businesses with employees should be reporting on a Single Touch Payroll software
21 October: September Monthly BAS Due
28 October: September Quarter SG Due
28 October: September Quarterly BAS Due(without tax agent lodgement)
31 October: 2019 Income Tax Due (without tax agent lodgement)
What’s Happening at Box AS
Lastly, but most importantly, I would like to just thank you and show our appreciation for your support. We would not be able to continue to grow and do what we love doing if not for our clients and followers. If you feel like a family or friend can also benefit from our services, feel free to refer them to us and be rewarded up to $550 for each referral you make!
If you’ve been following along on our journey, our team has grown significantly this year. You’ll eventually have the opportunity to meet the new team members of Box AS soon.
We’re on a mission to make accounting simple, personable and outside the box! And so far, I think we’re on the right track.
Until next time!