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23.01.2022 This year I've set myself a goal of reading a book each month that I hope to be able to recommend for its content that can be used by various groups of people. The book I read this month was Rich Dad Poor Dad For Teens. Teens aren't taught a lot in school about Financial Intelligence so I read this book to see if it was something that I thought teens could benefit from. I've just finished it today. It was a simple read, just over 100 pages and its a great starting point. I pa...rticularly liked the three pages that I have included a photo of below. I chose this book when I was in Bundaberg over Christmas when the only venues open were bars and a bookshop. I specifically chose this book because I read the original Rich Dad Poor Dad book when I was maybe 18 or 19 after seeing Robert Kiyosaki live in the city back then he was heavily focused on negatively geared properties when interest rates were around 10%. Although negative gearing still exists, it is limited by lower interest rates and reduced ability to claim certain expenses on properties. If you are looking for a book for your teens to read, this one was pretty good. Personally I give it a 6/10. #RichDadPoorDad #WorkToLearn #AccountantVictoriaPoint #ReliableProactiveExperienced

23.01.2022 Last night I attended an Informal Networking Event hosted by the RCCC. I was lucky enough to meet David Janetzki MP, member for Toowoomba South, Deputy Leader of the Opposition, Shadow Treasurer. David was kind enough to allow me to discuss an idea I have about a Tax Law that I'd like to see changed. He kindly provided me with the first step to putting my idea in front of Josh Frydenberg MP.... Once I make this first step, hopefully today, I will post about the change I'd like to see. It's a very minor change, however, as a Small Business myself that supports and represents Small Businesses, I think its worth a shot! #RCCC #TaxReform #AccountantVictoriaPoint #ReliableProactiveExperienced

22.01.2022 What a beautiful end to the day

22.01.2022 The ATO have their own series of podcasts on Spotify. This one about managing residential rental properties is worth listening to for those of you who either own a rental property or are considering investing in one. #RentalProperties... #ATOTaxInVoice #AccountantVictoriaPoint #ReliableProactiveExperienced https://open.spotify.com/episode/4jLOh5KNBbWzdCe2zMOZsh

22.01.2022 Week 1 at our new location has been so wonderful! We are now all unpacked and ready to greet all of our lovely clients through our doors once again. It has been so refreshing working from our new location this week; what they say is true: change is as good as a holiday!... Thank you to everyone who has helped with the renovations, the move and the set up of our new space. A huge THANK YOU to: https://www.facebook.com/AspireRenos/ https://www.facebook.com/pennineelectrical/ https://www.facebook.com/Arctic-Rose-Refrigeration-102436221515137/

20.01.2022 We have an update on this.... This morning I was able to put our idea into writing and send it off to our local MP, Andrew Laming MP. He promptly forwarded this on to Treasury who have received and read through it. Treasury have responded saying that it is an "interesting proposal" and it will be forwarded for consideration on Monday. All of this before lunch time today.... A huge thanks to all of the MP's who have helped push the idea along this far. The small idea that was presented relates to the deductibility of Borrowing Costs for Small Businesses. Often Small Businesses take out loans to finance equipment, vehicles and other assets. These loans attract a Borrowing Cost, an expense charged by the finance company for processing the loan. Sometimes these are called an Establishment Fee, or an Admin Fee or an Origination Fee. These Borrowing Costs can vary in amount. They could be $200, $1,000, any amount. Generally, the requirement is that these Borrowing Costs are amortised over a 5 year period unless they are less than $100, in which case they can be deducted in the year the asset is financed. To me is seems inconsistent that Small Businesses can write off an asset up to $150,000 in the first year, however the Borrowing Cost, which may be only $1,000, must be written off over 5 years. This morning we have asked that consideration be given to deducting these Borrowing Costs in the first year. Not all Borrowing Costs, just those up to the value of $2,000, increasing the current threshold from $100. It's a complete unknown if we will ever hear back on the issue but we figured it was worth a go. #Update #BorrowingCosts #AccountantVictoriaPoint #ReliableProactiveExperienced

19.01.2022 End of a (small) era... 2 years, 7 months and 21 days! We have packed and moved everything now and just need to give our space a good clean before we move out completely. It was a little sad seeing our first office empty like this but looking forward to our new space being up and running.... We will be open at 9am tomorrow, however, it may be a few days before we have clients in the office, its pretty messy at the moment. #endofanera #minorlysad #timetomoveon #goodbye

12.01.2022 Do any of our wonderful clients know of any Redlands based businesses that make Grazing Platters?Do any of our wonderful clients know of any Redlands based businesses that make Grazing Platters?

09.01.2022 Final outcome... Believe it or not, we've actually had a response in relation to the matter. Unfortunately the proposal won't be going any further, but we have been told why.... Here are the points that worked against the idea and ultimately led to it being given no further consider: Small Businesses are receiving many benefits at the moment. This proposal would be too small to gain any real interest from Small Business. There is no political need to provide Small Business with anything else currently. Finance companies might increase their Borrowing Costs knowing that the Small Business would gain a faster tax deduction. To work up and model the idea would be too costly. So, it's a solid No. But not a failure in my head. It's always worth asking the question. #FinalOutcome #NotAWinButThatsOk #ReliableProactiveExperienced #AccountantVictoriaPoint

09.01.2022 We are getting closer and closer to our move! Our signage went up today!!!! A massive THANK YOU to...... Ali from Printbuz for printing and installing our signage today. Daniel from Someone and Liesl from Artichoke Design & Advertising for the design of our windows. We are so happy with the way the have turned out! #PrintBuz #Someone #Artichoke #WeAreMoving

05.01.2022 Did you know that we prepare Self Managed Superannuation Fund (SMSF) Tax Returns & Financial Statements? Our wonderful Senior Accountant Belinda is an SMSF Specialist and an expert in all things SMSF related. If you are looking for an Accountant that can prepare your SMSF tax obligations, we'd love to hear from you.... #SMSF #SelfManagedSuperannuationFunds #AccountantVictoriaPoint #ReliableProactiveExperienced

03.01.2022 Announcement: We are moving!!! By the end of this month we will be moving office location. Not far though... approximately 50 meters down the street. Our new address is Shop 7, 119-123 Colburn Avenue Victoria Point.... Once we have moved, we will send all of our wonderful clients an email, update our website and social media, and we will remind you when you book your appointments. Looking forward to seeing all of you in our new location very soon. #Moving #AccountantVictoriaPoint #CloudTaxAccountants #ReliableProactiveExperienced