Fusion Financial Group in Ipswich, Queensland | Tax preparation service

Fusion Financial Group

Locality: Ipswich, Queensland

Phone: +61 7 3812 1745

Address: 13 Thorn Street 4305 Ipswich, QLD, Australia

Website: http://fusionfinancialgroup.com.au

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• Business service
• Tax preparation service
• Accountant

25.01.2022 "Sharing" from another business page with their permission to do so. A customer asked me how much I would charge to paint his two story foyer. My reply: $1500... His reply: WOW, just to paint a couple walls? Why so much? My reply: Well, this estimate also includes for the non productive factors. He questioned: What is nonproductive factors?" My reply: Just the usual things like taxes, insurance, rent, fuel etc, etc. I asked: How much do you think it should cost? He responded matter-of-factly: Around $800 at the most... It's just painting and a fairly simple job right? I calmly said: Okay sir, for $800 I invite you to do it yourself. He said: But.... I don't know how to. I replied: Okay, for $800 I'll teach you. So besides saving you $700, you'll get the knowledge for the next time. It seemed right to him and he agreed. I continued: To get started you will need tools, drops, ladders, scaffolds, brushes, poles etc... He said: But I don't have all this type of equipment and I can't afford to buy all of these things just to paint my foyer. I offered: Okay then, for an additional $200 I'll rent my equipment to you. Okay, he says. I replied: So on Tuesday I will be available to start teaching you. He said: But I can't on Tuesday I only have time today. I said: I'm sorry sir, but Tuesday is the only day this week that I will be available to teach and rent you my equipment. The rest of the week is already scheduled for other customers. He exclaimed frustated: Damn! That means I gotta rearrange my schedule and sacrifice my whole Tuesday?! I said: That is correct sir! I will also provide you with a list of all the materials you will need to go to the store and purchase for this job. Also, loading of the van for your job will take place Tuesday morning around 6am. After the project is complete, all equipment and tools need to be cleaned and reloaded back onto the van. He asked in disbelief: At 6am??? Nope! Way too early for me! So much work just to do a little bit of painting! You know what, I've been doing some serious thinking and I've decided that it would be best if you just went ahead and did the job for me. $1500 seems fair now and I'd rather it be done right by true professionals. The moral of the story for any buyer: When you hire a professional to do a job, you're not only paying for the labor and material being used. It also includes: Knowledge Experience Tools Services Punctuality Accountability Professionalism Accuracy Guarantee Sacrifices Safety and security No one can denigrate other people's work by judging prices. Only by knowing all the elements necessary to complete a certain project can you estimate the true cost. Copy and Share this everywhere to support craftsmen and entrepreneurs of all types. #price #value #pricing

25.01.2022 Depending on the current state of your finances, financial freedom might seem a long way away. For many people, financial freedomwhen you don't have to worry about how to pay the bills and your money is invested and making money for youis a far off dream. What they don't understand is how close a financial business plan can get them to that dream. Financial planning isn't all staring at ledgers and creating spreadsheets, although if you like that sort of thing you're welcom...Continue reading

24.01.2022 Ipswich City Council has released a Small Business Funding Program to assist small businesses through and past the COVID-19 pandemic. The grant is available up to $1,000 for the following: - Professional services (accounting fees etc)... - Inventory - Membership To be eligible for the grant, your business must have suffered a decrease in turnover of at least 20%. Below is a link to the fact sheet on this grant. Feel free to give us a call for more information on 3812 1745. https://www.ipswich.qld.gov.au//ce_Funding-COVID-BusinessG

24.01.2022 This is a friendly reminder that if you lodge your own BAS, the March 2021 return must be completed and paid by 21 April. If you lodge with a Tax/BAS Agent like Fusion Financial Group, the deadline is later. Please get in touch if you need assistance and if you're unsure about something, #AskUsFirst #fusionfinancialgroup #friendlyreminder

23.01.2022 Is your business STP compliant? If not, give us a call, 3812 1745 and we can walk you through the process of getting it implemented in your business.

21.01.2022 For anybody who is current working from home, the ATO has released a fact sheet about what you can and what you can't claim. Please review these measures and ensure that you keep all the appropriate substantiation to allow for a tax deduction. If you have any questions, please feel free to contact our office on (07) 3812 1745.

21.01.2022 If you are looking for somewhere to network with like minded business professionals and be part of one of the worlds largest referral networks, consider joining BNI. Let us know if you’re interested and we can give you more information.

20.01.2022 Wishing the boss man a big Happy Birthday today!! And Merrrrry Christmas to all! Tim Krause

20.01.2022 Construction is a fast-moving industry and if you fall behind in your accounts, things can quickly get out of hand. Thankfully we enjoy saving construction businesses from such awkward moments #construction #accounting.

19.01.2022 Running your own business means wearing a lot of hats. But one of your priorities should be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to understand what expenses you can and can’t claim. This means you’ll keep the right receipts and track the right expenses. ... Get a system sorted Getting your expenses recorded and your invoices collated means you’ll be able to spend more time doing the important stuff in your business. Keeping on top of your cash means you’re more likely to succeed. Consider choosing a software platform which allows you to record your time spent on projects, it’ll make sending those invoices that much easier! Stash that cash When you’re running your own business or working for yourself, it’s important to always keep your tax obligations top of mind. Make sure you have money set aside in a separate account or consider entering into voluntary instalments. One way to budget and keep on top of your business tax is to pay yourself a wage. Keeping your accounts separate also prevents you from thinking of all your business income as spending cash!

19.01.2022 When it comes to business, it’s better to be safe than sorry. Protecting your business with the right insurance policy can guard against risk and compensate for any losses. Make sure you have the right policies for your business and review them annually. #SmallBusiness

19.01.2022 PM Scott Morrison has today announced an extension to the JobKeeper program for businesses across Australia. To be eligible for the extended JobKeeper program there will be additional tests which the business will need to meet. Further detail can be found in the Treasury Fact Sheet below:... https://treasury.gov.au/coronavirus/jobkeeper/extension

19.01.2022 With social distancing and public gatherings being strictly enforced, we understand that getting tax advice from ‘Old Mate’ at the pub and your friend at a BBQ is extremely hard to come by, especially given all the recent changes, but don’t fret, we are here to give you all the correct advice you need for your personal circumstances to get you and your business through this tough time. If you have something in your business that’s keeping you up at night, give us a call on (07) 3812 1745 to discuss how we can help you maximise the government stimulus, keep the landlord off your back and your doors open so you can get a better night’s sleep.

18.01.2022 "Sharing" from another business page with their permission to do so. A customer asked me how much I would charge to paint his two story foyer. My reply: $1500... His reply: WOW, just to paint a couple walls? Why so much? My reply: Well, this estimate also includes for the non productive factors. He questioned: What is nonproductive factors?" My reply: Just the usual things like taxes, insurance, rent, fuel etc, etc. I asked: How much do you think it should cost? He responded matter-of-factly: Around $800 at the most... It's just painting and a fairly simple job right? I calmly said: Okay sir, for $800 I invite you to do it yourself. He said: But.... I don't know how to. I replied: Okay, for $800 I'll teach you. So besides saving you $700, you'll get the knowledge for the next time. It seemed right to him and he agreed. I continued: To get started you will need tools, drops, ladders, scaffolds, brushes, poles etc... He said: But I don't have all this type of equipment and I can't afford to buy all of these things just to paint my foyer. I offered: Okay then, for an additional $200 I'll rent my equipment to you. Okay, he says. I replied: So on Tuesday I will be available to start teaching you. He said: But I can't on Tuesday I only have time today. I said: I'm sorry sir, but Tuesday is the only day this week that I will be available to teach and rent you my equipment. The rest of the week is already scheduled for other customers. He exclaimed frustated: Damn! That means I gotta rearrange my schedule and sacrifice my whole Tuesday?! I said: That is correct sir! I will also provide you with a list of all the materials you will need to go to the store and purchase for this job. Also, loading of the van for your job will take place Tuesday morning around 6am. After the project is complete, all equipment and tools need to be cleaned and reloaded back onto the van. He asked in disbelief: At 6am??? Nope! Way too early for me! So much work just to do a little bit of painting! You know what, I've been doing some serious thinking and I've decided that it would be best if you just went ahead and did the job for me. $1500 seems fair now and I'd rather it be done right by true professionals. The moral of the story for any buyer: When you hire a professional to do a job, you're not only paying for the labor and material being used. It also includes: Knowledge Experience Tools Services Punctuality Accountability Professionalism Accuracy Guarantee Sacrifices Safety and security No one can denigrate other people's work by judging prices. Only by knowing all the elements necessary to complete a certain project can you estimate the true cost. Copy and Share this everywhere to support craftsmen and entrepreneurs of all types. #price #value #pricing

18.01.2022 For businesses that are interested in the newly announced Qld Government Small Business Adaption Grant, there is a webinar on Monday to run through the tips on how to apply for this grant. If you are interested in attending this webinar, please click on the link below.

18.01.2022 ***GOVERNMENT STIMULUS PACKAGE*** As you may be aware, Prime Minister Scott Morrison has announced a Federal Government coronavirus stimulus package. We are currently reviewing the package to ascertain who is eligible, what they will get (if anything) and how they go about applying for it.... Further updates will be provided once these announcements have been digested.

18.01.2022 Merrrrrry Christmas to all our friends and client. We wish you all a wonderful and safe holiday period. We will see you all when we reopen on the 6th January.

17.01.2022 This is good news for small businesses who are currently experiencing cash flow difficulties.

17.01.2022 This article discusses the potential issues an employer can get into with processing the payroll for their employees. Penalties can be significant if the correct payments are not made. Remember, "I didn't know" is not an excuse to not follow the law. Contact us if you have any questions or concerns around your employees or other payroll issues.

15.01.2022 5 benefits of job-costing software to save time and get rid of spreadsheets: 1) Price jobs accurately 2) Avoid customer conflict 3) Submit a timely estimate 4) Calculate realistic profit margins... 5) Track progress and costs in real time Using Job-Costing software means you spend more time doing what you love and less time building quotes

15.01.2022 If you're wanting to network with like minded business people who are committed to making their own businesses better, why not come along to a BNI meeting on Wednesday morning (held virtually via Zoom) and see how your business could benefit from a group of referral sources to help drive your sales. Please feel free to email [email protected] for further details.

15.01.2022 The government have announced changes to JobKeeper to allow some previously ineligible employees to receive the JobKeeper payment. If you think some of your employees fall into this category and need to discuss your circumstances, please call our office on (07) 3812 1745.

15.01.2022 We’d like to wish all our clients a very happy and prosperous New Year. May 2020 be everything you want it to be.

13.01.2022 Do you sometimes wonder where your cash has gone? Did you know you can improve your small business cash flow by implementing these five simple rules. If you have any questions, we're here to help. http://bit.ly/Xero-Cashflow #AskUsFirst #cashflow

11.01.2022 This quote of the day is why it’s best to get expert advice first - ‘Every decision you make in business has a financial consequence’. Barbara Vrancik We're here to help you when you need it. #fusionfinancialgroup #askusfirst #quoteoftheday

10.01.2022 Even if your business is about following your passion, you still need to pay yourself fairly, but that figure can be difficult to arrive at. So, how do you decide on a salary? We can help make things clearer and advise on tax implications. Read more here. http://mvnt.us/m1213078 #fusionfinancial #taxplanning #payyourself #familybusinessaccountants

10.01.2022 There’s no magic bullet to building a better business; it’s about taking small steps every day to get a bit better than the day before - it all adds up! To find out more about the #10Steps to build a #BetterBusiness http://bit.ly/10StepBetterBiz Get in touch if you have any questions or need some help. #fusionfinancialgroup #AskUsFirst

10.01.2022 Make today the day you get out and try something new

10.01.2022 Looking to scale your business? You’ll need to work more on it & less in it. Consider outsourcing the following to better leverage your time: marketing, design, admin, feedback, stock management, CFO, bookkeeping & payroll! For more info, visit http://bit.ly/8ThingsToOutsource Need help? #GetInTouch #askusfirst #growyourbusiness #timemanagement

10.01.2022 We are seeking 2 children to play Rookie Ball to keep our team for 2019/2020 season which commences next Saturday. Looking for kids 5 to 9. Please helps us to keep our team

10.01.2022 ***SUPERANNUATION PAYMENTS*** The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has recently passed through Parliament and received Royal Assent. This legislation relates to employers who have unpaid superannuation liabilities for any employees (including owners and directors) for the quarters between 1 July 1992 and 31 March 2018. The amnesty allows employers to voluntarily disclose unpaid superannuation amounts without incurring the administration pen...alty of $20 per employee per quarter or the Part 7 penalty. Currently the maximum penalty for Part 7 is 200% of the amount of the charge payable. The benefit of taking advantage of the amnesty is that you will be entitled to a tax deduction for the amounts of superannuation paid to the ATO prior to 7 September 2020. Failing to make payment by this date or take advantage of the amnesty will result in a deduction being denied for all old superannuation payments along with administration penalties and charges being levied. With the introduction of Single Touch Payroll for all employers from 1 July 2019, the ATO has much greater visibility over which employers are not paying or are incorrectly paying superannuation to their employees. It is important that employers are aware of their obligations to pay superannuation on behalf of their employees, on time and in full. If you are an employer who believes that they have an outstanding superannuation liability to any employee during this period, no matter how big or small and you would like to speak with us further regarding your options to take advantage of this amnesty, please phone our office on (07) 3812 1745 to make an appointment.

07.01.2022 The government has passed the new tax offsets. Contact our office to see if you may be eligible and how you can access these tax offsets.

07.01.2022 Wishing the boss man a big Happy Birthday today!! And Merrrrry Christmas to all! Tim Krause

06.01.2022 The Qld Government has released the Small Business Adaption Grant Program. This program is designed to assist businesses that have been significantly impacted by COVID-19 by providing funding of up to $10,000 to eligible businesses. This program is funded on a first come, first served basis until such time as the funding has been fully allocated. For more information, please click on the below link.

05.01.2022 A ship engine failed and no one could fix it, so they brought in a guy with 40 years experience. He inspected the engine very carefully, top to bottom. After lo...oking things over, the guy reached into his bag and pulled out a small hammer. He gently tapped something. Instantly, the engine burst back into life. The engine was fixed! 7 Days later the owners got his bill for $10,000. "What?!" the owners said. "You hardly did anything. Send us an itemised bill." The reply simply said: Tapping with a hammer: $2 Knowing where to tap: $9,998 Don't ever underestimate experience.

05.01.2022 The ATO has released further information about the JobKeeper initiative. There is still details that are unknown at this point regarding eligibility, reporting and payments but these should be clarified in the next few days.

04.01.2022 Enrolment for the JobKeeper program will be available to all businesses that are eligible from Monday, 20 April 2020. The enrolment period for April will end on 30 April, 2020 to receive payments for April. If you wish to complete this process yourself you will require a myGovID (note that this is different than a myGov account) and access to your ATO business portal. For those clients that do not have a myGovID or wish for us to enrol on their behalf for the JobKeeper program, please contact our office on (07) 3812 1745.

04.01.2022 Our new chapter in Springfield is filling up fast! We are still looking for quality business people in the following categories : Web Designer Printer ... Mobile Mechanic Building & Pest Inspections Come along and find out how you could lock out your competitors to this up and coming BNI Chapter in Springfield! If you know someone who has a business that fits, tag them below so they can visit. https://www.stickytickets.com.au/88903/bni_springfield.aspx

03.01.2022 In an announcement this morning, the Treasurer has extended the $150,000 instant asset write off which was due to end on 30 June 2020, to 31 December 2020. This chance gives businesses a further 6 months to purchase items of plant, machinery, equipment, motor vehicles* etc and receive an instant tax deduction. *Motor vehicles are still subject to the luxury car depreciation threshold.

02.01.2022 The ATO has released alternative tests for those businesses that don’t qualify for JobKeeper under the basic test of comparing turnover from this year to last year. The tests relate to businesses that fall into the following categories: - New Business - Business acquisition or disposal... - Business restructure - Business had substantial increase in turnover - Business affected by drought or natural disaster - Business has an irregular turnover - Sole trader or small partnership with sickness, injury or leave If any of these situations apply to your circumstances, you may be entitled to use the alternative tests to consider your eligibility for the JobKeeper program. For more information on how these tests apply, please feel free to give our office a call on (07) 3812 1745.

02.01.2022 In the field of construction, one of the most pressing issues is creating accurate job costings to avoid blow-outs, but estimates can be difficult. There are many variables from one job to the next and the process can be time-consuming and labour intensive. There are a number of practical strategies that can help you achieve greater accuracy, along with some tools you may not have considered. Your business has unique needs, but a simple, easy-to-use job costing software can s...ave you a major headache in the long run. Having an accountant to begin with is a great start, then finding reliable resources to draw upon can go a long way when setting up your process or improving your existing process for job costing. There are some easy, practical ways to streamline the job costing process and hopefully save time and money in the process. #Construction #SmallBusiness

02.01.2022 Any clients that have been impacted by this crisis and are now facing significantly less income coming in that require any assistance with preparing a personal or business budget or cash flow, please don’t hesitate to contact us. We are here to help. Phone (07) 3812 1745 to speak with Paul or Tim about getting these prepared for your personal circumstances.