DHM Partners in Mildura, Victoria | Tax preparation service

DHM Partners

Locality: Mildura, Victoria

Phone: +61 3 5021 1110

Address: 164 Lime Avenue 3500 Mildura, VIC, Australia

Website: http://dhm-partners.com.au/

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• Business service
• Tax preparation service
• Accountant
• Business consultant

24.01.2022 Fun fact: Accountants can help you with more than just your taxes! Whether you're a business or individual, we're passionate about helping you with your money. Our services include: Business Planning Cashflows... Retirement Planning Wealth Creation Strategies Financial Planning Self-Managed Super Funds Ready to move towards success? Contact us today

24.01.2022 Today we asked Luke What are some general tips for clients to help their business grow? His answer: Rapid growth and expansion in a business can create a cash flow crisis and leave business owners worse off while they juggle everything trying to keep the doors open. A good business will supplement their growth by making investments back into their business to enable it to better cope with the demands a growing business will have. A good cashflow monitoring program and frequent monitoring of KPI’s will sound alarm bells early enough to take action before cash runs short. A business should also never jeopardise the quality of its product while growing or risk turning away the customers who got you there in the first place.

24.01.2022 At DHM one of our priorities is creating a secure network to ensure your information is protected. However, it seems it may have been a little too secure and some genuine emails were getting caught in our firewall. We are looking at ways to resolve this issue so please bear with us while we endeavour to make these changes. If you have sent an email to someone at DHM and they haven't responded please give the office a call on 03 50211110 to double check it has come thro...ugh. Thank you in advance.

23.01.2022 Small Business Saturday is a shopping holiday aimed at encouraging shoppers to support small and local businesses, as it falls between Black Friday and Cyber Monday . Did you know small businesses and family enterprise make up 98% of businesses within Australia and employ around 44% of Australia’s workforce? Help us bring our community together and support our local businesses here in Sunraysia that continue to make us unique.

23.01.2022 Introducing our newest financial planner, Neal. With over 20 years’ experience, Neal has a passion for helping clients achieve their financial goals and values strong client relationships WHAT WE DO AS FINANCIAL PLANNERS: Understand the clients values first and foremost. Each client is different and this first step is the key to giving them the advice they need. Review current investments, such as superannuation, to ensure the client has the best product for their li...festyle and financial goals. Improve the management of the clients debt position. Ensure the client is protected from risk by reviewing insurances. Work with our accountants to ensure that tax is part of their wealth creation strategy. Strategise the exact plan that is needed to help build, create and protect the clients wealth. But most importantly, we provide confidence to clients that they are receiving independent advice because we are not owned or aligned with any banks or insurance companies. See more

22.01.2022 EMERGING TRENDS TO ENHANCE YOUR BUSINESS Following industry trends is a great way to stay up to date and take advantages of new strategies to develop your business further. Two common trends that have become apparent from the pandemic are, 1. Moving your storefront online. With COVID-19 closing businesses physical locations, many have made the decision to go online. Creating a website is a great way to get your products seen by a larger audience.... 2. Utilising social media platforms is a great way to interact with your existing and potential clients and create loyalty between your brand and your target market. #DHMpartners #accounting #localbusiness #milduraservices

20.01.2022 Have you lost your job due to COVID-19? Lots of people are in the same position right now so the jobs market is potentially more crowded than usual. We caught up with Social Media Expert, Philippa Crosthwaite of The Brand Bar Marketing & PR for her top tips to optimise your LinkedIN profile to make the biggest impact in the job market. Your LinkedIn profile is your chance to get your name and face in front of hundreds (or even thousands) of professionals in your industry. I...f you're looking for a job, that's essential. Here’s her 8 tips to enhance your profile: 1. Add your headshot 2. Create an eye-catching headline 3. Craft an interesting summary 4. Highlight your experience 5. Use visual media 6. Customize your URL 7. Network be social 8. Ask for recommendations #linkedin #jobseeker #dhm #covid #CV

20.01.2022 Xero Subscription Review Do you enter 20 or less invoices/quotes a month? Do you enter 5 or less bills a month?... Do you only need payroll for 1 person? If you tick the boxes for all of the above and you are currently on the $50 per month plan you may now be able to downgrade to the $25 per month plan. Contact our friendly team if you want us to review your subscription. https://www.xero.com/au/pricing/

19.01.2022 Small business owners have a tendency to do everything themselves, this creates a high workload and not always for the biggest return. This also doesn't help the growth of your business long term. Are you busy completing unnecessary tasks? Do you understand where your focus needs to be for the best returns? Do you get caught up doing low value tasks that staff can assist with? Do you need somebody to help you see the forest from the trees? A partnership can DHM help you... - Get your bookkeeping happening efficiently and easily via the cloud - Support and train your accounting team - Set cash flow and revenue budgets to monitor with you regularly - Set actions to improve cash flow and profits - Build relationships with your funders and re-finance with the bank when needed

19.01.2022 Get your children a Christmas present that pays off not just on Christmas day. Share portfolios can be an effective way to teach your children about money management, take them beyond the pocket money and teach them real world knowledge into financial planning. A few things to keep in mind are:... 1. Start by choosing stocks with which your child can identify and invest with companies that produce real products instead of tangible services. 2. When you’re ready to buy, you must purchase the stock on your child’s behalf unless they are of 18 years old. 3. Let your children learn and experiment with mock portfolios and explain that stocks are long term investments and require patience. 4. Teach your child to keep track of their portfolio’s performance and start out with attainable goals.

17.01.2022 It was our absolute pleasure! Happy Anniversary guys

17.01.2022 Lockdown has left many of us with some extra time on our hands, and for some individuals, this time has motivated them to learn about the share market We love this post from @ellevest which shows us the long term impact shares can have on our savings, compared to money that’s locked away in a bank account. That said, getting into the share market can be tricky without a basic understanding on where to start Our professional team of advisors can help you create a plan a...nd basic share portfolio for you to grow and reach your money goals. Contact us today: (03) 5021 1110 [email protected]

16.01.2022 Are you experiencing lifestyle creep? It’s when luxury goods and discretionary spending become perceived as a right to have and not a choice and you get caught spending more money because you’re earning more money. Here are a few tips to avoid falling into lifestyle creep:... 1. Create a goal-based budget, set a plan and set yourself up for success. 2. Surround yourself with like-minded people, who are supportive and won’t encourage you to fall into lifestyle creep. 3. Avoid scrutinizing social media, avoid following accounts that encourage you to spend toward a skewed portrayal of success. 4. Treat yourself, strategically, you can set aside money every month into a special me fund.

16.01.2022 Small Business Digital Adaptation Program grant has been released for Victorian small businesses which offers a $1,200.00 rebate to switch to a number of digital products, Xero included. So if you are not currently using a program such as Xero this could be the sign to take the leap and switch over. The grant is available for sole traders, non-for-profit organisations, micro-businesses and small businesses that operate a business located in Victoria. Each one of these must ...hold an ABN, have held that ABN on 13 September 2019 and/or be registered for GST on 13 September 2020. To find out more check out this link, outlining the guidelines: https://loom.ly/xMOHFRI This grant is open from 15 November to 31 March 2021, however, businesses must register before 28 February 2021. If you require any extra information or would like help applying for this grant contact our professional team today! 50211110 [email protected]

13.01.2022 September quarterly superannuation (SG) obligations are now OVERDUE!! If you have not yet paid your super you must lodge a Superannuation Guarantee Charge Statement (SGC) to the ATO ASAP. If this is you we can help, contact our friendly team today to get your super sorted.... Phone: 5021 1110 Email: [email protected]

13.01.2022 September quarterly superannuation (SG) obligations it is now OVERDUE!! If you have not yet paid your super you must lodge a Superannuation Guarantee Charge Statement (SGC) to the ATO ASAP. If this is you we can help, contact our friendly team today to get your super sorted.... Phone: 5021 1110 Email: [email protected]

13.01.2022 This November, we’re getting to know another team member who has been beneficial to our success, Luke. As a valued member of DHM Partners for almost 16 years, Luke specialises in leading and working within the Business Wealth Division. Today we asked: How can you assist clients to get finance? Luke explained: "Generally, the banks will want to assess you on your past performance as this gives the banks confidence in your business. However, this only tells them half the stor...y as that new piece of equipment that you are seeking finance on could completely change how your business operates and make you more efficient and generate more profits. We like to model up your business using our 3 way forecasting tool and use your historical financial performance and position as a base but also factor in the effect that the injection of finance will have on your overall profit and show the banks that it is a worthwhile investment and something they should support to help your business grow." Stay tuned as we get to know more about Luke this month

13.01.2022 While many of us have a break over Christmas, your business's cashflow doesn't. Here are few tips for keeping on top of cash flow management during the Christmas and New Year holiday period. 1. Keep invoicing in the lead up to Christmas, don’t let your business administration slip in the rushed lead-up to Christmas. 2. Track and record expenses, wages and other fixed costs, this will help you allocate your budget to avoid getting left short.... 3. Set up a cash flow budget for next year, they also help you to project future profitability and areas you need to tweak to achieve your goals. If you need help with your cashflow management plan, book an appointment with out team today. 50211110 [email protected]

13.01.2022 HOW HAVE YOU USED YOUR SPARE TIME DURING COVID? One in 25 Australians have launched a side hustle during COVID, while the pandemic has made life very difficult for a lot of us, it has also presented some unique business opportunities. Curious how you can earn some cash? Take this quiz to choose the right side hustle for you: https://cnb.cx/3jsX24k

12.01.2022 Different small and medium-size businesses from across Australia are asking us the same questions about COVID-19. What are some of the uncertainties keeping you up at night? #COVID #DHM

11.01.2022 At DHM Partners we understand the tough time our valued clients are currently going through. R U OK? Just know we are here to help by updating your plan for financial and business life, which is one stress we can reduce.

10.01.2022 Helping you plan for your future is important to us. We’re sharing this post from @pocketmoneypodcast because we find that money can be one of people’s biggest stresses. If this sounds like you, we’re here to listen and help you pave a pathway to stress-free money. ... Contact our friendly team today (03) 5021 1110 [email protected]

09.01.2022 FAQ’s answered! A lot of our clients are asking us, "what working from home expenses can I claim in my tax return?" Here are a few considerations we encourage you to think about: ... 1 While the ATO have announced a ‘shortcut method’ rate per hour, this does not always give you the best tax deduction depending on your personal circumstances. By working with our team, we can choose the method that is right for you. 2 To claim a deduction for your home office the following criteria applies: - You must have spent the money yourself. - The expense(s) must be directly related to your work. - You must have records to prove it. 3 Expenses you might be eligible to claim include: - Electricity expenses associated with heat, cooling and lighting. - Cleaning costs for a dedicated work area. - Phone and internet expenses. - Computer consumables (paper, ink, stationary). - Home office equipment (computers, phones, printers, furniture). If you would like assistance understanding the correct method and expenses for your situation, please contact us today.

09.01.2022 NEW CHANGE TO JOBKEEPER! From 3 August, the eligible employee test has been extended to include individuals who were employed on 1 July 2020 and are not currently nominated for JobKeeper by another entity, see if your staff are eligible here: https://bit.ly/34a8RYD For the fortnights commencing on 3 and 17 August 2020 only, the ATO are allowing employers until 31 August 2020 to meet the wage condition for all new eligible employees included in the JobKeeper scheme unde...r the 1 July eligibility test. Clients on JobKeeper’s payroll will need to be reviewed to identify new employees that may not have been eligible under old rules (eg ft/pt employed after 1 March 2020, long term casual of less than 12 months service as at 1 March 2020, etc) that may be now be eligible as the date has pushed to 1 July 2020. If you’re unsure if you’re eligible or need assistance please contact one of our friendly staff on 03 5021 1110 or [email protected]. #DHMPartners #JobKeeper

08.01.2022 What Do You Miss Most About Your Life Before the Pandemic? We’ve been asking our staff, are there moments of normalcy that you feel nostalgic for or is there anything from life a few months ago that you took for granted? The hardest part for me is that the future is unknown and there is nothing to plan for. I feel like I am living the same day over and over and I miss feeling busy. But the lesson in that is to slow down and be present rather than always thinking about 't...omorrow' and 'next week' and 'next year'. I have been working from home since March and Lockdown 2.0 hit me hard but over the weekend I had so many staff reach out to me. It’s really nice to feel supported and like we are still connected even though we can’t physically see each other. We are like a little family. - Eliza Allomes, DHM Partners Accountant #DHM #Community

08.01.2022 4 TIPS FOR BUSINESSES DURING COVID-19 As the Coronavirus continues to present a significant threat to businesses, now is the perfect opportunity to prepare yourself and your business and reassess your financial situation. 1. Update your financial statements, to be able to make the best possible decisions in a difficult environment, you need access to the most up-to-date information on the state of your business finances.... 2. List possible impacts on your business and estimate financial impact, start by looking at areas such as sales, staff availability, supply chain and finance. 3. Perform a financial check on your business, knowledge of the financial health of your business is fundamental in assisting you to decide what you can and should do now to place your business in the best possible position to navigate through the crisis. 4. Re-do your budget, the assumptions you may have used to produce your budget are most likely no longer relevant because of the crisis. Working with your accountant, take the list of possible impacts of COVID-19 you have developed and re-do your budgets #DHMpartners #accounting #localbusiness #milduraservices

07.01.2022 A grant for Victorian hospitality businesses (outside of Melbourne) who have had to adapt their business to accommodate outdoor dining may be eligible for a 5k grant. See below for all eligibility criteria or contact our friendly team https://www.business.vic.gov.au//outdoor-eating-and-entert

07.01.2022 This week we asked Luke How can you assist clients in preparing their business for sale? His answer: The process in selling your business can be stressful and often requires a lot more preparation then our clients think. The best way to maximise the price you can get for your business is to assess the true value of your goodwill, plant & equipment so you can get a reasonable idea what to expect. A good business operator will then have us model up their business in our 3... way forecasting tool and target areas over a two year period in the business that will improve their profitability and balance sheet strength. We can then advise on the potential uplift in valuation before going and making those changes, giving you an indication of how much the extra hard work will pay off. In the case of a client seeking to sell their business sooner rather than later we can assist with a valuation so they know where to start their negotiation process as well as providing all the documents a potential purchaser will require for their due diligence process.

05.01.2022 New Tertiary Access Payment of $5,000 for Regional 2021 Students. In 2021, the Tertiary Access Payment will be introduced as a $5,000 payment to school-leavers from outer regional or remote areas who relocate to undertake full-time, higher-level tertiary education. The Tertiary Access Payment is a government-funded Job-Ready Graduate Package, aimed to assist students with additional costs often associated with the transition to higher education, such as relocation costs,... travel, accommodation, or textbooks. Check here to see if you are eligible https://loom.ly/hozkhUI. If you require any help contact our professional team today! 50211110 [email protected]

04.01.2022 Is your business prepared for the post COVID-19 world? We've created a quick self-assessment to see how ready your business is for a quick recovery that will help you carve out your business continuity plan: https://bit.ly/DHMCovidQuiz If you need assistance with assessing the implications of COVID on your business or what you’re first step towards recovery is, please contact our friendly team at (03) 5021 1110 or [email protected]

03.01.2022 Locals supporting locals is more important than ever right now. With no tourism and many businesses suffering serious losses from lockdown restrictions, it’s all up to us to help each other out At DHM Partners we believe in supporting our local small businesses to create a better community and prepare us for a better future together. Here’s 5 reasons why it’s smarter to shop local: https://bit.ly/3bcTf8q We’re loving the #OnlyLocal and #ForkItLocalFriday initiatives in Mildura at the moment. Keep it up!

03.01.2022 Congratulations Brinder

02.01.2022 Getting ready to sell your business? Making a business saleable involves, improving lots of little things and making you (the owner) dispensable so it can run without you. Here at DHM we can help you Understand the value of your business now.... Identify actions to improve your business’ value over time. Identify what to delegate and how to teach others to do it well. Get a better sale price. Plan how to invest the proceeds and minimise any taxes. This is a special project and needs to be run well. We are here to make ensure this happens. Contact us today: 50211110 [email protected]

02.01.2022 Check out our top 5 ways to pay off debt Our staff are highly trained in helping you get the most out of your money. Have a chat to our friendly staff today to start paying off your debt

01.01.2022 We all understand the 'debt hangover' after the festive season, but as you set your sights on back to school preparations and rewriting your schedule to go back to work, the interest on your Christmas spending is slowly creeping up. Here's our 5 tips for paying off your credit card debt: 1. Don't Beat Yourself Up - You are not the only person who has to pay off your credit card after Christmas, it's actually quite common.... 2. Call Your Creditors - Be honest with your creditors and they'll provide you with an affordable payment plan to manage this bill. 3. Slow Down on the Spending - While this is one of the most seemingly obvious steps to take, it is often the most difficult. The trick is to prioritise, plan and then pay. 4. Come Up with a Plan - Try to answer the 3 W's about your debt: - Who do you owe money to? - What do you owe? - When are your payments due? If you need help with your debt management plan, book an appointment with our team today. 50211110 [email protected]

01.01.2022 Properties in super funds