58 Klingner Rd, Redcliffe QLD 4020
(07) 3883 8999

Blog

Affected by coronavirus and need Financial Assistance ? Here’s what you need to know…..

The Federal Government’s wage subsidy plan is designed to help more than 6 million people who have seen their income fall because of the coronavirus pandemic. The JobKeeper scheme gives affected businesses $1,500 per fortnight per employee to help pay the wages of an estimated 6.7 million Australians for six months. Employers will need to…
Read more

Accountplan Update – Coronavirus Super Withdrawal

The ATO has confirmed that applications to access super under the new compassionate ground – coronavirus condition of release can be made from 20 April 2020. Applications will be able to be made: Via MyGov, or By phoning the ATO for those unable to access online services. Application process Applicants will need to certify eligibility and will be provided…
Read more

Accountplan Update – Federal Government Job Keeper Allowance

The Federal Government have announced a $130B package to assist Australian Businesses retain their staff via a wage subsidy program.  The key points as they are known at this point are listed below: Up to $1,500 per fortnight payment per employee (this is not means tested) Business are legally required to keep employees on their books to be entitled to the…
Read more

Accountplan Update – QLD Government Assistance

Further to prior updates we now have further information on the assistance package available from the QLD State Government: Queensland COVID-19 jobs support loans SMEs may be eligible for a loan to retain employees and maintain your operations. The $500 million concessional loan facility will include low interest loans of up to $250,000 for carry…
Read more

Accountplan Update – Government & Banking Sector Assistance

Further to prior updates we have below outlined an updated summary of assistance packages available from either the Federal Government, QLD State Government or the Baking Sector Federal Government PackagesBoosting Cash Flow for Employers Provides up to $100,000 to eligible small and medium-sized businesses (SMEs), and not for-profits (NFPs) with a minimum payment of $20,000.…
Read more

10 Point Checklist for COVID-19 Coronavirus and Natural Disasters Strategies

1. Check the list of government loans/grants that the business might be eligible to apply for. 2. Create a COVID-19 coronavirus/natural disaster team which will meet daily (10 – 15 minutes) to review issues and to recommend new or amended strategies. 3. If not already done so, implement strategies to enable team members to productively…
Read more

A Happy Client With His New Home

I approached Mick Doyle at Accountplan to help me with the finance on my first home purchase.  The service I received was fantastic and Mick made the home buying process a breeze. Mick was able to answer all my questions, explain the pros and cons of the various loan options before me and in the…
Read more

Interest rates in Australia have been slashed one final time to 0.25%, a historic rock bottom for ‘unprecedented times’

The RBA has announced an emergency stimulus package on Thursday, cutting the official interest rate out of cycle to 0.25%. It’s the second cut in just three weeks as the RBA seeks to contain the coronavirus fallout to the economy. It came as one part of a four part package, with the RBA also unveiling quantitative…
Read more

Why sport matters in the time of coronavirus

Scenes from a daughter’s footy training. It’s early evening. The sun is setting; the temperature is sublime. The suburban ground by a river is fringed with trees and, thanks to recent rain, the oval is in a wonderful state of lushness that surely won’t last. While my daughter trained at one end of the oval,…
Read more

The federal government has announced its $17.6 billion coronavirus stimulus package. Here are the six key elements.

Scott Morrison announced the details of the federal government’s $17.6 billion coronavirus stimulus package on Thursday. The government outlined six key elements to the plan – with a focus on support for business. Here’s what the government will be handing out. Despite the urgings of the opposition, economists and the Reserve Bank, the Morrison government before now has…
Read more

REVEALED: $18 billion rescue package: Here’s what it means for you

Prime Minister Scott Morrison will inject a multi-billion dollar coronavirus stimulus package into the economy, with funding for small businesses, pensioners and the aged care sector among its largest elements. However, the biggest element is the $750 payments the government will direct to households receiving benefits payments. Those payments will be targeted at around 6.5…
Read more

With only one more interest cut in its back pocket, the RBA could begin increasing the money supply in Australia ‘within months’

Having cut the cash rate to 0.5% on Tuesday, the Reserve Bank of Australia (RBA) is for the first time near the limitations of monetary policy. Economists now expect it to cut once more to 0.25%, its own declared ‘lower bound’, before considering quantitative easing, or QE. QE is the controversial process by which a central bank…
Read more

Queensland SMEs get 6-month tax break

Queensland small and medium businesses have been granted a six-month payroll tax deferral as the state government looks to ease pressures on businesses following the global outbreak of the coronavirus. Queensland Deputy Premier and Treasurer Jackie Trad has announced that small and medium Queensland businesses impacted by the coronavirus outbreak will be able to defer…
Read more

The government is preparing a massive economic stimulus package, as the coronavirus threatens to hurl Australia into recession

The Morrison government harbours real fears Australia is at risk of falling into recession from the coronavirus, as it prepares a multibillion-dollar economic stimulus package which will focus heavily on tax relief measures. The Reserve Bank of Australia estimates the coronavirus impacts on education and tourism exports has already slashed Australia’s economic growth in the…
Read more

March 2020 Newsletter

Download a copy of our March Newsletter

Mercer slams means test, strongly urges universal age pension

‘With a universal age pension, Australians will have an incentive to save for retirement,’ says Knox. Actuaries giant Mercer has slammed the means test and called for a universal age pension in its submission to Treasury for the retirement income review, reports Investment Magazine. The actuary wants the means test completely scrapped. It also says the…
Read more

Queensland Government On-time Payment Policy: Register now to get paid faster

The Queensland Government recognises that cash flow is vital for small business. From 1 July 2020, government payment terms under the On-time Payment Policy will be reduced from 30 to 20 calendar days for all valid invoices from small business suppliers, with no value threshold. We invite all Queensland small business owners and operators to…
Read more

Real wage growth is now ‘years away’, as the bushfires and coronavirus fears cut into Australian pay packets

Australian wages on track to rise just 2.2% this year, lifting 0.5% in the December quarter, according to ABS data out on Wednesday. The weakness comes as the coronavirus and the bushfires shave growth in key sectors, like tourism and retail, and hurt wages in the accommodation and food services sectors. With unemployment unlikely to sink…
Read more

5 methods for improving cash flow in your small business

The most important success factor for any small business is the ongoing availability of cash. In this article, chartered accountant and tax agent Joe Kaleb explains how you can use forecasts, invoicing and other practical tactics to improve cash flow. Whether you got into business to make money or two choose your own hours, the…
Read more

Attorney-General floats naming and shaming penalty for wage theft

Disqualifying directors and forcing companies to publicly disclose underpayment offences are among some of the measures currently being considered by the Industrial Relations Minister to tackle worker underpayment. Attorney-General and Minister for Industrial Relations Christian Porter today released a discussion paper exploring further changes to tackle worker underpayments. The paper comes ahead of legislation to criminalise…
Read more

10 truths about working from home

Working from home, also known as living the dream, is a complicated arrangement. While the daily commute to the couch is awesome, the drop in productivity can be a real battle. Whether you’ve worked from home for years or only a few weeks, these 10 truths are sure to ring true. 1. The fridge is…
Read more

9 brilliant business ideas for 2020

It’s a new year and time for new business ideas. Here are nine brilliant ones to consider in 2020. 1. Use introversion as a superpower Introversion need not affect your networking ability. According to leadership and communication expert Shane Michael Hatton, it can even be a superpower. “Let the purpose of being in the room…
Read more

Australian house prices are tipped to keep rising this year, with Sydney expected to soar by a massive 10%

Domain has updated its forecasts for 2020, and it expects house prices to rise by 8% nationally this year. Sydney is expected to lead, adding 10% to its house prices and bring the median to an astronomical $1.25 million. Melbourne and Brisbane are forecast to grow by 8%, while Perth’s market is expected to finally…
Read more

Almost half of Australian employees will ask for a pay rise this year – and they’re unlikely to get one

Almost half of all Australian employees are set to ask for a pay rise this year, but the chances of the average worker actually getting one is another matter. As Australian wage growth stagnates, it’s often only healthcare workers who are getting solid raises. Of all industry workers, it’s only ecommerce workers who report actually being…
Read more

Why almost a fifth of mortgage holders would not switch lenders for a better deal

Almost a fifth of Australian mortgage holders would never consider switching banks despite the potential savings of tens of thousands of dollars, according to new research. While mortgage interest rates are at record lows, not every home owner is prepared to jump to a new lender, according to a Finder survey of more than 1000…
Read more

ATO issues urgent warning over sophisticated tax scam

The ATO has issued an urgent warning about a sophisticated scam which has resulted in millions of Australians divulging personal information. The Australian Taxation Office (ATO) has issued an urgent warning over an elaborate tax scam which imitates an official website and sees users handing over highly sensitive information. According to the ATO, fraudsters conned…
Read more

February 2020 Newsletter

Download a copy of our February Newsletter

Australia’s economy is barely growing but the RBA doesn’t look like it’s ready to cut rates just yet

Australia’s latest inflation figures were once again low — the headline figure rising just 0.7% in the December quarter — but largely in line with what the Reserve Bank of Australia (RBA) had been forecasting. While consistently low inflation point to “underlying problems” in the economy, according to Indeed economist Callam Pickering, the RBA is unlikely to…
Read more

Australia’s buy now pay later companies are pledging to do better by their customers. Here’s what they’re promising.

A “world-first” code setting out minimum standards buy now pay later companies must follow has been unveiled by the Australian Finance Industry Association (AFIA). It promises to make late fees fair and capped, limit services to those above the age of 18, freeze and even waive fees in case of financial hardship among other measures.…
Read more

Voluntary super a ‘blatant tax grab’: ISA

A proposal to make super voluntary for low-income earners would be nothing more than a “blatant tax grab”, according to new research by Industry Super Australia. Last year, Liberal Senator Andrew Bragg put forward a proposal to allow workers earning $50,000 and under to opt out of compulsory super, arguing that it would allow taxpayers…
Read more

‘A real fight’: Advice gap looms as more exit the industry

Australians are set to miss out on quality advice as an increasing number of advisers leave the industry, a mid-tier has warned. HLB Mann Judd head of wealth Michael Hutton believes a perfect storm of events, including the introduction of new education and professional standards under FASEA and the fallout of the royal commission, has…
Read more

More pensioners are taking up part-time work to avoid the threat of pension poverty

More pensioners than ever are having to work part-time just to get by according to new research, with nearly 5 per cent of people on the pension now doing paid work. Cost of living and inequality researcher Paul Blacklow, of the University of Tasmania, said women and divorcees were increasingly affected. “Aged pensioners who are…
Read more

5 golden rules for opening a café

The café game is hard. It’s a business with as many hard luck stories as culinary pioneers – but there are things you can do to improve your odds. Opening a café is something people dream about when they’re stuck in their cubicle at work, but often the reality of running a café doesn’t match…
Read more

What 0% car finance can end up costing you in the long run

The world of car finance can be just as tricky as navigating home loans. There is often a multitude of options to compare, especially when it comes to low or no-interest car loans. While they might sound like a fantastic deal, these loans often come with a catch. As the old saying goes, if something’s…
Read more

The Commonwealth Bank reckons there are four big economic indicators to watch this year in Australia

The Commonwealth Bank has revealed its economic forecasts for 2020, delving into what will move Australia and the world this year. Chief economist Michael Blythe has identified domestic factors that will affect the country’s fortunes including consumer spending, business investment and construction rates. Blythe also says mini-booms – including LNG exports, infrastructure, and a growing…
Read more

January 2020 Newsletter

Download a copy of our January Newsletter

Use caution when making bushfire donations from super

SMSF trustees hoping to make donations to charitable causes associated with bushfire relief out of their super may run into problems unless they have triggered a condition of release, according to SMSF Alliance. The SMSF administrator’s principal, David Busoli, said in an email update that the issue of funding large-scale donations to bushfire relief charities…
Read more

Accounting body advises caution on incoming SME tax changes

Small businesses are being urged to keep abreast of some key tax changes coming in 2020, with an accounting body warning they “can have a big impact on the way you run your business”. According to Susan Franks, senior tax advocate at Chartered Accountants Australia and New Zealand (CA ANZ), some of the core changes…
Read more

‘Xennials’ were born in the early ’80s — here are all the ways they’re different from the millennials they were supposed to be

If you were born between 1977 and 1985, you’re officially a member of the microgeneration known as xennials. The term was coined by Sarah Stankorb in a 2014 Good magazine article to describe a group that straddles Gen X, born between 1965 and 1980, and millennials, born between 1981 and 1996, according to the Pew Research Center. Xennials, according to Stankorb and…
Read more

Budgeting for 2020? This is your ultimate guide to getting on top of everything

It’s the start of a new year — and there’s never been a better time to get your money sorted. This is the year to get on top of your budget (or start one), clear that debt, sort out your super and maybe even put a deposit down on a home. I’m sure that’s all…
Read more

5 ways to start upskilling right now

Whether you want to learn a new skill or build on existing skills and knowledge – ongoing and self-motivated learning has become the need of the hour. “In this new age of disruption, change is almost constant, says Dr Mathew Donald FCPA, a leadership, management and organisational change specialist. “This means that the workers of…
Read more

The cyber scammers are getting smarter

Retailers aren’t the only ones who want your money this holiday season. Finance expert Noel Whittaker shares some of the sophisticated cyber scams you need to be on the lookout for. Judgingby the emails I am receiving, internet scams and computer attacks are on the increase. In early December I was talking to an 82-year-old…
Read more

A third of Australians choose overseas travel over a home

ME surveyed 1,000 Australian adults who had travelled overseas in the past 10 years to find out how important travel is to us.  When asked to choose between being well travelled or owning a home, 1 in 3 Australians value travel over home ownership. When drilled down some of the findings are quite surprising: The…
Read more

Finance Friday – Buy Now Pay Later

Finance Friday – Buy Now Pay Later Welcome back to another edition of Finance Friday, this week Mick talks about the buy now pay later scheme. Posted by Accountplan on Thursday, 12 December 2019

Prevent burnout – 3 burnout symptoms and how to avoid them

Stress can seem like an inevitable consequence of a fast-paced work environment. However, when it reaches chronic levels, it can result in what the World Health Organization (WHO) describes as an “occupational hazard” known as burnout. In its latest International Classification of Diseases (ICD-11), the WHO defines burnout as a “syndrome conceptualised as resulting from chronic workplace stress that has…
Read more

SG amnesty clears lower house, ATO urges employers not to wait

A bill proposing to grant a one-off superannuation guarantee amnesty has now been passed by the House of Representatives, as the ATO urges employers not to wait before the measure becomes law. Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has now been passed by the lower house without any amendments, and will now be…
Read more

End-of-year tax scams set to spike as ATO issues warning

With over $2.1 million paid to scammers impersonating the ATO this year, the Tax Office is warning of yet another spike as tax payments deadlines draw near. The latest ATO scam reports show that 622 taxpayers had paid over $2.1 million to scammers pretending to be from the Tax Office this year alone. That amount…
Read more

December 2019 Newsletter

Download a copy of our December Newsletter

Learn from failure by looking for the seeds of success

Understanding the reasons for failure is crucial for real progress, and there has to be a readiness to engage in a process of tests and experiments to eventually reach the goal. In the method they have developed, there is a series of loops – iterations – forming a cyclical process of conceptualising, prototyping, testing and…
Read more

Major banks tip $400m into Business Growth Fund

The federal government’s planned Business Growth Fund has received a boost, with the big four banks each committing $100 million the fund to boost long-term funding for SMEs. In addition to the $100 million contributions from ANZ, CBA, NAB and Westpac, HSBC has promised to contribute a further $20 million to the Business Growth Fund. The…
Read more

How much do I need to retire at 60?

Theoretically, how much money you need in retirement depends on how long you live. Although there’s no crystal ball for this, we know that improved healthcare and economy mean that people are living longer than their parents’ generation. When budgeting for retirement, try to go for the maximum life expectancy. Men can expect to live…
Read more

How RBA rate changes affect your interest rate

With the RBA setting the official cash rate at all-time lows, it’s a good time to work out how this impacts the interest rate on your home loan and whether you are getting a good deal or not. When the interest rate on your home loan fluctuates, it can feel as though you don’t have…
Read more

House Prices Predicted to Keep Rising

Property market sentiment has rebounded, with a greater percentage of Australians reporting they are feeling positive towards the current market. That was the standout finding from research conducted by ME Bank in October 2019. Other findings show: 42% of Australians in the property market feel positive about the market (up 9 percentage points) and 24%…
Read more

CHECKLIST FOR THE FIRST STEPS IN STARTING A BUSINESS

Turn your idea into a business by following these steps. You’re excited and confident about your idea for a business, and want to take it to market successfully. That’s great. Our checklist will help you cover off the things that you should do, and must do to start a business in Australia. FIRST, KNOW YOUR…
Read more

The key to a successful negotiation? Start with planning and focus.

Effective negotiating can lead to both parties benefitting from the outcome. Here’s how planning and focus can help. Every day, we act as negotiators. However, we seldom think about the skills required or the processes we must follow to negotiate successfully, according to Chas Savage, CEO of Ethos CRS, a company that specialises in customised capability training…
Read more

Lenders are now looking closer at your character – what you need to know

Comprehensive Credit Reporting (CCR) is now in full swing, giving lenders a closer look into your financial character and highlights facilities that you may not have disclosed in your application.  The CCR shows the lender if a credit facility is open or closed, the credit limit and repayment history information on a monthly basis.   So,…
Read more

Too loyal or time-poor for a better rate? Problem solved

Another month, another rate cut. Finance can be so tedious. That is until you realise it could mean more money in your pocket. But how? For many, matters of personal finance are so dull and/or difficult, they are immediately filed in the too-hard basket. And for their trouble, or lack thereof, these people are often…
Read more

How to leave work-related stress at the office door

Experts offer tips on how to leave work stress at the door when you clock off. Overwork in the Asia-Pacific region is endemic. A report by Kisi, Cities for the Best Work–Life Balance 2019, found that Tokyo and Singapore were the top two most overworked cities in the world, while Kuala Lumpur came in at number four. In…
Read more

Should I quit my job? 5 signs it’s time to go

We all experience frustrating times in our careers, but if you find yourself asking the question, “Should I quit my job,” then you’ll want to review these five signs that it’s time to move on from your current role. You hit snooze when the alarm goes off, drag yourself through the day’s meetings and you…
Read more

November 2019 Newsletter

Download a copy of our November Newsletter

A wage rise now – or more retirement income?

The argument over raising compulsory employer superannuation contributions often misses the impact on the wider economy and ignores alternatives to boosting retirement incomes. There is a sustained campaign for the Australian Government to increase employer superannuation contributions to 12 per cent of a worker’s wage (from 9.5 per cent under the superannuation guarantee), and an…
Read more

5 ways to improve retention of millennial employees in your business

Loyalty and engagement aren’t necessarily easy to foster in millennial employees. But with the right approach, any manager can make the workplace a better environment for their staff. Many things affect how successful your business is and how quickly it grows. There are your marketing and sales strategies, the clientele you target, your choice of…
Read more

$16bn: Small business owes ATO big

Almost one in five Australian SMEs entered into payment plans with the ATO last financial year, as they struggle to pay a collective tax bill of over $16 billion. Sail Finance recently revealed the findings of a sample poll of finance brokers it had conducted, many of whom said the Tax Office’s payment plans are “too…
Read more

Don’t use buy now, pay later services if you want a home loan, mortgage brokers warn

Australians who are hoping to get a mortgage have been given a warning as pressure on Afterpay and other providers ramps up. Finance experts have warned house hunters to “stay away” from buy now, pay later platforms such as Afterpay, with spending habits viewed as a hurdle for home loan applications. “Definitely try and avoid…
Read more

Finance Friday – Can I Borrow Through a Self Managed Super Fund

Finance Friday – Can I Borrow Through a Self Managed Super Fund Posted by Accountplan on Thursday, 24 October 2019

A beginner’s guide to business structures

One of the final things that need to be done before pressing go on a new business idea is structuring the company properly. Getting business structures right is crucial to any new starter, and here are some things to keep in mind when setting it all up. Starting up a new business comes along with…
Read more

How to stop wasting time once and for all

Small business owners often waste time. Even though a study conducted by TSheets found that nearly 60% of self-employed workers in the U.S. said they either worked every weekend or every other weekend, if you’re truly honest with yourself, you’ll probably admit that there’s a difference between spending time on work-like activities and actually working.…
Read more

Why salary sacrificing is so valuable to set you up for retirement

A growing number of today’s older workers will face challenging times when they retire, if recent figures from the Australian Bureau of Statistics (ABS) are any guide. The ABS claim that just 56 per cent of people aged 55-64 are mortgage-free, and there are fears that more and more Australians will find their retirement plans…
Read more

Retirement review puts push for 12 per cent super back on the table

The federal government’s resolve to push compulsory superannuation to 12 per cent is certain to be tested in its coming review of the retirement income system. Scheduled super guarantee increases, already enacted by legislation, would see the current rate of 9.5 per cent grow to 10 per cent from July 2021, then a further 0.5…
Read more

What you need to know about property valuations before buying a home

When you’re deciding which property is right for you, the price is one of the many factors you need to consider. The list price – the price tag the real estate agency places on the property – is just that: a price tag. The list price can be influenced by many factors, including the vendor’s…
Read more

Cutting your Loan End Date by Years

With interest rates the lowest they have ever been, it’s time to talk about how you can take advantage of this opportunity and secure financial freedom earlier than anticipated. Whilst reducing rates, and repayments,  is going to give you more money in your pocket, why not consider a different approach and request your lender to…
Read more

October 2019 Newsletter

Download a copy of our October Newsletter

Accountplan’s Newest Member

We are thrilled to introduce Kylie Stewart who recently joined Accountplan as our Bookkeeper and Process Improvement Specialist. Kylie is incredibly experienced across a multitude of bookkeeping software options and is fully qualified to guide clients with the new Single Touch Payroll requirements introduced by the ATO. Please join us in welcoming Kylie to the…
Read more

Accessing your payment summary or income statement

How you get your end of financial year information from your employer showing your earnings for the year (also known as a payment summary or income statement) depends on how your employer reports your income, tax and super information to us. You will be provided with either: An income statement – if your employer reports…
Read more

Accountplan’s Newest Member

We are thrilled to introduce Jane Bevan who recently joined Accountplan as Customer Service Associate in our Financial Planning team. Jane has over 10 years experience in the Financial Planning industry and will be working closely alongside our Senior Financial Planner Dion Richardson. Please join us in welcoming Jane to the team next time you…
Read more

Finance Friday – Extra Payments to your Home Loan

Finance Friday #11 – Extra Payments to your Home Loan Welcome back to another edition of Finance Friday, this week Mick talks about extra payments to your home loan. Posted by Accountplan on Thursday, 19 September 2019

Record Keeping is King

From an income tax standpoint, it’s in your interests to keep good records of your transactions and activities. Keeping good records is not only required by law, but it makes your accountant’s job easier – this can result in both decreased fees (an accountant will take less time in preparing returns etc.) and increased deductions…
Read more

Push for super to be paid each payday

Industry Super Australia (ISA), the umbrella group representing not-for-profit industry super funds, is calling on the Federal government to change the law, so that employers would be required to pay super entitlements of their employees at the same time they receive their salary or wages. The Australian Tax Office (ATO) is now doing more to chase…
Read more

ATO Announces Motor Vehicles Data Matching Program

One of the largest claims made by business and by employees for that matter is the use of a vehicle for business or work related purposes.  Much of the claim relates to depreciation on the cost of the vehicle.  As technology continues to advance and with data sharing amongst authorities becoming more prevalent, the ATO…
Read more

Retirement Planning for Small Business Owners

When you run your own business a good retirement plan can bring real peace of mind. Read more about your options – and why it’s never too early to start. PLANNING YOUR RETIREMENT When you’re busy running your own business retiring could be the last thing on your mind. But planning your retirement well in…
Read more

$10 billion back in your hands

$10 billion dollars has been refunded to Australian taxpayers so far this tax time, an increase of over $2 billion from this time last year, with most returns being processed in under two weeks. Australian Taxation Office (ATO) Assistant Commissioner Karen Foat highlighted that the ATO seeks to process returns as soon as possible, announcing that over…
Read more

Tax debt disclosure plan set to impact 5,000 businesses, ATO reveals

Around 5,000 businesses will potentially be impacted by the government’s proposal to allow the disclosure of business tax debts to credit reporting bureaus. Responding to a question on notice during a Senate committee inquiry, the ATO has revealed that under the proposed $100,000 tax debt threshold, around 5,000 businesses could potentially be reported. The previous proposed…
Read more

September 2019 Newsletter

Download a copy of our September Newsletter

How to Save for Retirement Throughout your Life

Whatever the size of your business, it’s never too early to start building your retirement income, ensuring a healthy financial future. We help you make the most of the opportunities at every stage of your life with our go-to guide. THE BEST RETIREMENT SAVINGS PLAN FOR YOUR AGE It’s not just how hard you work…
Read more

Nathan Chan’s 6 steps to success

The founder of Foundr Magazine, Nathan Chan has experienced his fair share of ups and downs in business. Here are his six steps to success. When Nathan Chan had difficulties getting work in his field of choice, he decided to create his own business rather than throw in the towel. The end result is Foundr Magazine,…
Read more

5 common business mistakes (and how to avoid them)

Are you looking to dive into the wonderful world of entrepreneurship? It’s not easy to start a small business but there are plenty that have gone before you. Before you get your business up and running, it might pay to do a little research, so you can avoid common startup mistakes. Here are five mistakes…
Read more

EQUIPMENT FINANCING FOR YOUR BUSINESS

Choosing smarter ways to finance the equipment you need can benefit the rest of your business in ways you hadn’t expected. Here’s how to get started. CHOOSING THE RIGHT FINANCING SOLUTIONS Arranging car finance or small business loans to purchase equipment for your business can sometimes seem complicated. However, you’ll find a range of flexible Equipment…
Read more

Top tax deductions for the self-employed

Even if you don’t run a big multi-faceted business or employ an army of staff, there are still plenty of tax deductions that you could be eligible for. The most important thing to remember is that you will need to have a record to prove your expenses, so make sure you keep a handle on…
Read more

5 tips to help Aussie businesses prepare for the new financial year

From preparing financial records for tax returns to wading through mounds of receipts and invoices to figure out what you can claim, it’s safe to say that the End of the Financial Year is not a good time for many Australian small business owners. But, with July 31st having come and gone and the 2019…
Read more

‘We’re almost out of ammo’: Reserve Bank considering ‘extreme measures’ to save economy

As interest rates approach zero, the Reserve Bank of Australia is considering “extreme measures” to try to avert an “emergency”. What happens if the RBA cuts rates to near zero, and the economy still doesn’t respond? The Reserve Bank of Australia has cut interest rates to 1 per cent, and, despite what you might hope,…
Read more

Business budgeting for all seasons

Budgeting can be the difference between success and failure for a small business. Here, we speak with local business owners and advisors for their tips and tricks. Setting a budget has been an important part of the success for Parcelpoint. In fact, budgeting has allowed the small business to pick key projects that will have the…
Read more

Gross profit formula: How to calculate gross profit for your business

Gross profit is your total sales, less the direct expenses required to achieve those sales. Gross profit allows you to evaluate your business at any given moment, and track its growth and efficiency over time.  Gross profit differs from net profit. When business owners talk about their bottom line, they refer to their net profit. Net…
Read more

myGov tax-time scams set to surge amid STP changes

Tax-time scams involving myGov and the ATO are set to surge this year, the Australian Cyber Security Centre has warned. With tax time now in full swing, the Australian Cyber Security Centre is warning tax practitioners and their clients to expect a surge in scammers impersonating trusted brands like myGov or the ATO. According to…
Read more

August 2019 Newsletter

Download a copy of our August Newsletter

Accountplan Opening Hours

Accountplan will be open both EKKA showdays, 12th & 14th of August, and for tax season our hours right through till end of August will be:                                         Mondays         8:30am to 5pm    …
Read more

Make your business more bookkeeper-friendly to save time, money and stress

In small business you need to wear many hats, particularly in the startup phase. But trying to be all things to all people is a recipe for disaster, not success. Hiring a bookkeeper will take the pressure down. Once you reach the point of physical and mental exhaustion, you simply aren’t able to be anything…
Read more

5 leadership strategies to motivate your team in 2019

Only 13% of employees worldwide are really engaged at work. That leaves plenty of room for improvement. As a business leader, it’s up to you to re-inspire your troops for a successful year in business. Here are five leadership strategies you can use to energise your employees in 2019. 1. Express a clear vision Do your…
Read more

Automation for small businesses: 10 tasks you should and should not automate

In 2018, Inside Small Business reported that 10% of small business owners were working between 50-59 hours per week, with a further 16% saying they worked over 60 hours a week. 24% also said they work seven days a week.. Much of that is a labor of love. And yet, you started your business to gain more flexibility and…
Read more

40 team building activities for businesses of any size and budget

Does the thought of a ropes course tie you in knots? Maybe karaoke makes you cringe? Don’t worry—team-building activities don’t have to be anxiety-producing. In fact, the best games and events reduce workplace stress rather than add to it. If you’re a small business owner eager to create strong teams, we have you covered with…
Read more

You’re dumped! Everything you need to know about firing clients

Parting ways with clients is a normal and pretty common part of doing business, but that doesn’t make it any easier. In this article, Kellie Byrnes acts as your client relationship counsellor to help ease the pain of separation. As someone working in the professional services field, you place high value on each of your…
Read more