The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero.   According to election guru Antony Green, the window for the next election starts on Saturday, 3 August 2024, “the first … The 2024-25 Federal Budget Read More » The post The 2024-25 Federal Budget appeared first on Melbourne Accountant ..read more

For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart? Every business owner is naturally curious about just how much their business is worth. However, for every … How much is my Business Worth? Read More » The post How much is my Business Worth? appeared first on Melbourne Accountant ..read more

When you embark on the journey of entrepreneurship, one of the fundamental decisions you’ll face is determining the structure of your business. Whether you’re a sole proprietor, a partnership, a corporation, or something in between, your choice of business structure lays the groundwork for everything from taxation to liability to management. In this article, we … What is Business Structure? Read More » The post What is Business Structure? appeared first on Melbourne Accountant ..read more

As April 2024 rolls around, business owners across the nation are gearing up for the annual tax season. In this pivotal time, understanding the nuances of taxation is crucial for ensuring compliance, optimizing financial performance, and maximizing returns. In this blog post, we’ll delve into key insights and strategies from experienced business accountants to help … Business Accountant Insights for April 2024 Taxation Read More » The post Business Accountant Insights for April 2024 Taxation appeared first on Melbourne Accountant ..read more

In the realm of finance, two key roles often stand out: the Business Accountant and the Financial Advisor. Both are pivotal in their own right, but their functions, responsibilities, and the clientele they serve vary significantly. Let’s embark on a journey to unravel the distinctions between these two essential roles and understand when and why … Business Accountant vs. Financial Advisor Read More » The post Business Accountant vs. Financial Advisor appeared first on Melbourne Accountant ..read more

In a world where financial decisions can shape our future, having the right guidance is paramount. Melbourne, known for its vibrant culture and bustling economy, offers a myriad of opportunities for individuals to grow their wealth. However, with this abundance of choices comes the challenge of finding a trusted financial advisor who can navigate you … Why Choose a Financial Advisor in Melbourne Read More » The post Why Choose a Financial Advisor in Melbourne appeared first on Melbourne Accountant ..read more

In the fast-paced and competitive world of sports, success isn’t just about what happens on the field or court; it’s also about what happens behind the scenes. One of the critical players in this behind-the-scenes action is the accounting team. Their strategic insights and financial expertise are instrumental in driving the success of sports organizations. … Maximizing Your Accounting Game Plan for Sports Industries Read More » The post Maximizing Your Accounting Game Plan for Sports Industries appeared first on Melbourne Accountant ..read more

In the ever-evolving landscape of the legal profession, law firms and practitioners are faced with a myriad of challenges, from navigating complex regulations to managing financial intricacies. While attorneys focus on delivering exceptional legal services to their clients, the role of a business accountant becomes increasingly vital in ensuring the financial health and success of … How Business Accountant Help Law Industries Read More » The post How Business Accountant Help Law Industries appeared first on Melbourne Accountant ..read more

It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive on its own. A recent case highlights the dangers of taking money out of a company without carefully considering the tax implications. A case before the Administrate Appeals … Getting back what you put in:Loans to get a business started Read More » The post Getting back what you put in:Loans to get a business started appeared first on Melbourne Accountant ..read more

Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had an outstanding historical tax debt. The only problem was, many had no idea that the tax debt existed. The ATO can only release a taxpayer from a tax debt in limited situations (e.g., where payment … The ATO Debt Dilemma Read More » The post The ATO Debt Dilemma appeared first on Melbourne Accountant ..read more