Chartfords Accountants | Financial service

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Chartfords Accountants

Phone: +61 1300 163 817

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24.01.2022 A reminder about FBT and taxi travel. Did you know that employers are required to pay fringe benefits tax (FBT) on certain benefits they provide to their employees in respect of employment. However, some benefits are exempt from FBT or receive concessional treatment. Taxi travel by an employee is an exempt benefit if the travel is a single trip beginning or ending at the employee's place of work.... Taxi travel can also be an exempt benefit if it is a result of sickness or injury and the whole or part of the journey is directly between: the employee's place of work the employee's place of residence any other place that it is necessary, or appropriate, for the employee to go as a result of the sickness or injury. This exemption is limited to travel undertaken in a vehicle that is licensed to operate as a taxi by the relevant state or territory. It does not extend to travel undertaken in a ride-sourcing vehicle or other vehicle for hire that do not hold such a licence.

19.01.2022 There's so much more behind hiring new employees - an accountant can help you figure out what sort of employee will help boost your business, the cost of training and paying the employee to make sure you can afford it, as well as helping make sure you get payroll right, including government paperwork, tax, and insurance requirements.

18.01.2022 Why Xero, Accounting & Tax you may ask? Get to know me a little here and I'm always happy to have a conversation - no questions are stupid questions.

18.01.2022 Dealing with government paperwork can be daunting, but your accountant can help you with more than just tax returns when it comes to working with the government. An accountant can help you with all registrations, complete and file all the necessary paperwork for your business, keep you up to take with tax law while keeping your company's status and latest role changes up to date.

13.01.2022 Smart inventory management is crucial to every good business as you want to make sure you don't lose revenue due to no stock or lose profits by having too much. Your accountant will be able to identify the costs of holding any inventory and can review your sales data to predict stock needs so you can get the appropriate amount of stock.

09.01.2022 When you are applying for a business loan or overdraft - it's important that you have a solid business case. And having an accountant who knows your business inside and out can help your chances of getting approved. Your accountant can help present facts and figures that back up your application.

08.01.2022 If you’re looking for advice around your company’s legal structure then you’re going to need an accountant. Not all businesses have the same legal structure there are different types that are determined by a number of factors. Some might be called limited companies, limited liability partnerships or corporations, others could be sole traders or proprietors. You should carefully consider each type before deciding which one best suits you. For example, you may do business a...s a sole trader or sole proprietor, working on a self-employed basis and invoicing under your own name. If this is the case, you might be able to offset some of your living expenses against tax. However, this also means you could be held personally liable for any business-related obligations. If your business fails to pay a supplier, defaults on a debt or loses a lawsuit, the creditor could legally come after your house or other possessions. An accountant is best positioned to explain the legal business structures available and help you choose the one that best suits you to manage risk, be cost effective and give you maximum tax write offs.

06.01.2022 It’s hard to keep up with all that is going on with the Job Keeper payments and changes etc however you can be sure that all the accurate information is here -

03.01.2022 It's common for business owners to think that they only need an accountant at tax time, but they can benefit from the expertise of an accountant in a lot of different ways. Not only can they help with the collection of financial information, but they are also able to analyse and interpret it for you so you can make better decisions when it comes to your business' money.

03.01.2022 Nobody can get out of doing their tax return, not even accountants. But, if you really don’t like doing it, keep putting it off or, as the article says just can’t be bothered then engage an accountant and by doing so you get an instant extension till May next year. We will hound you though as there really is no escaping it.

01.01.2022 Do you have enough cash on hand when the big bills come in? For when BAS is due or when you have to pay your tax instalment? Or perhaps your superannuation is a little behind? Instead of struggling or stretching to find the funds, perhaps transfer a regular amount each week / fortnight / month to a separate account, purely to pay these big ticket accounts. Having a cash flow projection spreadsheet can help with planning.

01.01.2022 When you start a business, there are many actions you need to take and systems you need to set up to create the foundation for a successful business. An accountant can help by: Determining the best business structure for your situation. Assisting with the financial analysis in your business plan. Providing advice on the type of accounting software to use. Making sure your accounting procedures will pick up errors to avoid losses... Making sure your books comply with government regulations and requirements. Providing advice on how to track expenses during your daily business activities. Explaining the importance of keeping personal and business expenses separate. See more

Chartfords Accountants | Financial service