Affluence Chartered Accountants in West Perth, Western Australia | Tax preparation service

Affluence Chartered Accountants

Locality: West Perth, Western Australia

Address: 13 / 162 Colin Street 6005 West Perth, WA, Australia

Website: https://www.affluenceca.com.au/

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• Tax preparation service
• Accountant
• Financial service
• Financial consultant

25.01.2022 Why do you need a business plan

25.01.2022 Growth Strategy

25.01.2022 The Federal Budget was released on Tuesday 6th October. This article has a good summary of the Winners and Losers of the Budget. You’ll also find a recap of the key points below. Key Points: This budget is based on economic assumptions including that there will be a COVID-19 vaccine rolled out by the end of 2021. Tax cuts for workers more money in pockets for more Australians. [ 1,266 more word ] https://affluenceca.com.au/federal-budget-2020-what-it-mea/

24.01.2022 The Definitive Guide to Setting Up Your Own Dental Practice Are you a dentist or specialist thinking about setting up your own dental practice? Do you want to be in charge of your own lifestyle and income and reach your wealth-building goals? Taking the leap from employment to building and running your own business can be daunting, thats why many medical professionals dont take that step at all. [ 849 more words ] https://affluenceca.com.au/the-definitive-guide-to-setting/

24.01.2022 Merry Christmas To all of our clients and friends - we're wishing you a Merry Christmas and Happy New Year from Affluence Chartered Accountants. Thank you for all your support again this year. We wish you a happy holiday season and an amazing year ahead. Christmas Closedown We'll be closed from Friday 20th December reopening on Monday 6th January. If you'd like to chat to us about your business plans for 2020, please get in touch. Thanks again and wishing you the best for next year! https://affluenceca.com.au/christmas-closedown/

24.01.2022 Tax planning is of utmost importance to your practice as, without it, you could end up over-paying when it comes to tax. To boost your financial position at tax-time, it is essential for your practice that you optimise your tax planning and make the most of the available tax-effective-wealth-creation strategies. Here are some tax planning opportunities for medical and dental practices that you should be taking advantage of. Read more www.affluenceca.com.au/tax-planning-opp...ortunities-for-medic #taxplanning #medicalpractice #dentalpractice

23.01.2022 Lease or purchase a premise

22.01.2022 Succession plan as a dental practice owners

22.01.2022 Why should you have a business partner?

21.01.2022 Six Personal Services Income Myths for Doctors and Dentists and their pratices https://affluenceca.com.au/six-personal-services-income-my/

21.01.2022 Hi all. Feel free to share to anyone you know. I am looking to grow my team with a senior accountant part time. https://www.seek.com.au/job/38647304 They can either contact me or apply direct.

19.01.2022 Is Debt a good thing for your practice? https://affluenceca.com.au/is-debt-a-good-thing-for-your-p/

19.01.2022 As a doctor or dentist, protecting your assets is absolutely essential. Why? Because a persons health is of utmost importance so if anything goes wrong, they will make you a target for litigation. As medical professionals usually make a substantial amount of money too, the chances of a lawsuit are increased. It can only take one lawsuit to have devastating consequences when it comes to your wealth so to reduce this risk, here is how to protect your assets. Read more www.affluenceca.com.au/4-ways-to-protect-your-assets-as-a-p

18.01.2022 The Definitive Guide to Setting Up Your Own Medical Practice Taking the leap from employment to building and running your own business can be daunting, thats why many medical professionals dont take that step at all. When it comes to wanting to be in charge of your own lifestyle and income, however, this step is necessary. Are you a doctor or specialist thinking about setting up your own medical practice? [ 1,000 more word ] https://affluenceca.com.au/the-definitive-guide-to-setting/

18.01.2022 End of financial year can seem like a daunting time, which is why we are here to help.

16.01.2022 Are you starting a medical or dental practice? While opening your own practice is an exciting way to take the practice of medicine into your own hands, it is a difficult and challenging path to take. If you are to be successful in this venture, you will need a clear and detailed plan at the outset; you will need to put together a trusted and professional team, you will need to find financing and equipment, a suitable location, and a solid marketing strategy. [ 873 more words ] https://affluenceca.com.au/starting-a-medical-or-dental-pr/

12.01.2022 Hi all I know we are all in this new world together and trying to find the our way forward. The amount of queries i am getting from both employees, contractors (sole-traders) and business owners about the Job Keeper Payment is enormous. The government is planning to pass the legislation for the Job Keeper Payment on Wednesday night. I plan to have confirmation out to you about the official way it will work late Thursday or Friday.... In the meantime, in the following link is the latest Treasury Fact Sheet on th https://treasury.gov.au//JobKeeper_frequently_asked_questi A couple of key items to note: 1. Anyone that is paid by trust distribution is eligible for the Job Keeper payment (only 1 beneficiary); 2. Employees will need to receive a minimum of $1,500 per fortnight; 3. Self Employed (GP's, Dentists, Allied Health etc) will be eligible for the Job Keeper Payment; 4. Partnerships / Companies that only pay a profit distribution will be eligible (only 1 person though) Key items to ensure you are eligible as an employer 1. You can show or estimate that your income will drop by 30% or more; 2. This is open to employees that are "eligible employees" as at 1 March 2020; An eligible employee is : 1. Employed at 1 March 2020 (including stood down or re-hired); 2. Full time or part time employees. Casual more than 12 months; 3. Not receiving Job Keeper from another employee; Please let me know if i can assist. I have also had a lot of questions over the last couple of weeks how to handle the ATO and BAS lodgements if their arent funds available to pay the ATO. So i have put together a short video: https://affluenceca.com.au/important-update-relating-to-co/ If you would like to organise a time that we can discuss any particulars : https://calendly.com/affluence/covid19

12.01.2022 Opening a medical practice is an exciting venture that is quite a big undertaking. Challenges and complications are plenty so its essential to have a clear and detailed plan in place to ensure success not just on the outset but moving forward too. Heres our ultimate 4 step guide to opening a successful medical practice. From idea to reality in 4 steps: [ 681 more words ] https://affluenceca.com.au/the-ultimate-4-step-guide-to-op/

12.01.2022 Last night we were lucky enough to be invited and attend the 2018 SMSF and Accounting Awards in Perth. Our practice and founder Mitchell Walmsley was recognized as a finalist in 5 categories : - Accounting Firm of the Year - Fast-Growing Firm of the Year... - New Firm of the Year - Partner of the Year - Small Business Adviser of the Year We were very proud for our practice to be recognized as the "New Firm of the Year". Thank you to all the support i have had from our clients, referral partners, staff, and family. We look forward to helping people for many years to come.

12.01.2022 Theres more than medical expertise needed for setting up a medical practice from the ground up, especially if you want to hit the ground running. Whether you buy an existing practice or purchase a new one, these are our top 8 steps to ensuring that it is a success from the start.

11.01.2022 Business Leadership in your Dental Practice

11.01.2022 Business structure for your dental practice https://affluenceca.com.au/business-structure-for-your-den/

10.01.2022 To all the medical and dental practice owners (and this is all relevant to any business owner) I have published onto my website : The Affluence Medical and Dental practice continuity plan https://lnkd.in/giQxW7V... There are also some HR documents (be sure to seek your own advice about these prior to using). Please let me know your thoughts, or if you require some help please let me know.

10.01.2022 Owning your own practice is a dream for many medical practitioners for the freedom it affords, whether its being your own boss, managing employees or just building and running a successful business. Not everyone, however, is fully prepared for the complications and the challenges of doing so. It may take years of training to become a Doctor, but choosing the career path of starting your own practice takes even more time to learn and grow successfully. [ 521 more words ] https://affluenceca.com.au/guide-to-setting-up-a-medical-p/

10.01.2022 I thought I would provide some answers to your questions on the ATO, lodging and paying BAS, JobKeeper payments and the various stimulus package options. If you have any questions, I am here to help - please get in touch. For more information you can visit https://treasury.gov.au//Fact_sheet_Info_for_Employers_3.p

09.01.2022 All the info you need to know about the JobKeeper payments. If you have any questions please feel free to get in touch with me and my team via www.affluenceca.com.au

09.01.2022 Buying an existing dental practice

08.01.2022 This is a guest blog written by Aaron McDonald at Pragma Lawyers on the importance of shareholders' agreements Read more at affluenceca.com.au/the-importance-of-implementing-a-shareho

08.01.2022 A recent update to JobKeeper can be found here: https://affluenceca.com.au/adjustments-to-employee-eligibi/

07.01.2022 Structure for your dental practice

07.01.2022 To grow a successful medical practice, practice owners must continually evaluate themselves, their competitors, and their industry. Only then can they compare their own performance with the benchmarks of success and make the necessary changes to improve. To grow a successful practice, here are 30 medical industry benchmarks you should look at. Medical industry benchmarks Total income Total overheads Overhead as a percentage of sales [ 315 more words ] https://affluenceca.com.au/medical-industry-benchmarks/

06.01.2022 Do you use benchmark data to gain insights into the performance of your dental practice? If not, heres why you should be and what dental industry benchmarks you should be looking at. Benchmarks are the key to success In order to grow a successful dental practice, practice owners must continually evaluate themselves, their competitors, and their industry. By doing so, they can then compare their own performance with the benchmarks of success. [ 296 more words ] https://affluenceca.com.au/benchmarks-you-need-to-look-at-/

05.01.2022 A medical practice is one of the most challenging types of businesses to manage cash flow due to lack of visibility. When a patient books an appointment, its very difficult to predict with certainty how much revenue that booking will generate, not to mention when the practice will get paid and what percentage of the amount owed will eventually be written off as uncollectable. [ 554 more words ] https://www.affluenceca.com.au/3-cash-flow-questions-to-gr/

05.01.2022 Many trained doctors and dentists dream of having their own medical practice one day. For many, its a dream that started in medical school and continued post-graduation, even for years while they worked within their chosen industry. What stopped them from pursuing their dream is the thought that it was never the right time. In this article, we outline 3 key considerations that you need to answer the question when is the right time to set up my own private medical practice? [ 527 more words ] https://www.affluenceca.com.au/when-is-the-right-time-to-s/

04.01.2022 The ATO has released further guidance on the recent changes to the JobKeeper scheme in relation to the timing of an eligible employee. From JobKeeper fortnights commencing 3rd August, the key date for eligible employees has changed to 1 July. In the past, an employee had to be on the books as of the 1st of March in order to be eligible for the JobKeeper wage subsidy. [ 247 more words ] https://affluenceca.com.au/adjustments-to-employee-eligibi/

02.01.2022 The Grattan Institute is running a free webinar tomorrow, Friday 27 March, discussing the economic, budgetary and health impacts of COVID-19. Registrations are essential. Find out more and register: bit.ly/33JjI9O

01.01.2022 How important is cash flow and profit to a medical or dental practice? People are quick to want to run a practice but how does cash flow and profit's effect this? https://affluenceca.com.au/how-important-is-cash-flow-and-/

01.01.2022 Incentive Payments for your GP Practice