Gillett & Associates in Burnie, Tasmania | Financial service

Gillett & Associates

Locality: Burnie, Tasmania

Phone: +61 3 6431 8151

Address: 30 Marine Terrace 7320 Burnie, TAS, Australia

Website: http://www.gillettassociates.com.au/

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• Accountant
• Financial service
• Business consultant
• Financial planner

24.01.2022 LET'S TALK REAL ESTATE ACCOUNTING High-value transactions, estimated values, commissions and fees, local regulations real estate accounting is uniquely complex. We can help make it simpler. Get in touch to find out more.

24.01.2022 Pay rent to yourself, not a landlord. As a business owner, you can use your superannuation to buy your own commercial property. Want to find out how? Talk to us about starting your own Self-Managed Superfund!

23.01.2022 Dont set and forget your Personal Budget! Monitor your progress to achieve your goals. Here are our tips: 1. Keep track of your spending - App tracking can the be easiest way! 2. Set aside time each month to monitor actual income and expenditure 3. Update your budget if necessary... 4. Involve your family - allocate a specific monthly amount on family activities & discuss budget 5. Seek independent accountability 6. Bring fun & Light to the process - consider indulging in a treat while you work on it each month! Need accountability? Get in touch with Gillett & Associates.

23.01.2022 Tax time once again is fast approaching. Call our office to beat the early rush 03 64318151.

22.01.2022 TAX 101 - Why it's important to lodge your tax with a registered agent in our latest blog: http://ow.ly/nFFW50Ci1bN

22.01.2022 Rain, hail or shine - we make the work, work for you! Thanks Ben!

22.01.2022 Zeehan Clients - Monday the 15th of July We are happy to announce that we will be making the trip down to Zeehan once again. We will be at the neighbourhood centre, where we have been the last few years. We will be down all day on Monday the 15th of July. Book in as soon as possible, as there will be limited appointments available.

22.01.2022 Small business is all about relationships. But when these go wrong, it is devastating. Ensure you have the systems in place to routinely look at where your money’s going in order to safeguard your business and your relationships. We recommend the following 3: 1. Housekeeping: Good systems make it easy to understand and hard to hide things. 2. Monitoring: Do you have regular reporting? Things to look for are unusual customer refunds or credits, a spike in new suppliers or pay...ments to existing ones. 3. Buddy systems: Red flag any of your systems where only one signatory is required or only one person oversights income and expenses. Get in touch to find out more.

22.01.2022 The 1st of July is fast approaching. Be sure to have all of your tax documents organised and ready to go before the end of the financial year. Over the coming weeks we will be sharing some tips on deductions and ways to maximise your refund.

21.01.2022 Do you understand your lock up days? The higher your days, the less cash you have available. Talk to us about how to reduce the lock up days in your business to free up your cash #FinancialAwareness #CashIsKing

19.01.2022 Zeehan Clients - Friday the 10th of July Spots are filling up at the neighbourhood centre, where we have been the last few years. We have available spots between 1:30 and 4:00.

19.01.2022 JobKeeper has been extended to March 2021. The new reference period now allows more employees to become eligible. Talk to us to assess your continued eligibility and to start planning now for changes that will apply from 28 September 2020.

18.01.2022 Did you know that SMSF (Self Managed Super Funds) are increasingly more tax efficient when compared to traditional super funds? Talk to us about how you can get the most out of your super with a self managed super fund today.

17.01.2022 TIME TO REVIEW YOUR EXPENSES Key areas we look at? 1. Overheads 2. Staff Expenses 3. Supplier Relationships... 4. Operations 5. Tax Relief Need to rein in your expenses? Well provide a proactive spend management programme to reduce your spending.

17.01.2022 ATTENTION PAYROLL UPDATES: Employers, there are payroll changes you need to know about! Parental leave now has greater flexibility and there are changes to some awards that apply now and others that will be implemented in stages. We can help make payroll easier. Contact us today to find out how!

17.01.2022 So, how do you decide on your salary as a small business owner? 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. OUR TIP? Start with the industry standard for your role and size of organisation. We can help make things clearer and advise on tax implications.

17.01.2022 LET'S TALK FINANCIAL REPORTS Making time to look over your financial reports each month is an important task for any business owner. We can give you an overview of what reports you'll need to help you build a thriving business.

17.01.2022 Do you prefer cash accounting or accrual accounting? We can help you figure out whats best for your business. http://ow.ly/RCPA50BpZt9

16.01.2022 The federal government has announced that people facing financial stress as a result of the COVID-19 pandemic will be granted early access to their super. If you are eligible, you will be able to access up to $10,000 of your superannuation (tax free) before 1 July 2020. As well as a further $10,000 from 1 July 2020. To be eligible you must meet one of the following requirements: - are unemployed, or - are eligible to receive a Job Seeker Payment (previously known as Newstar...t Allowance), youth allowance for job seekers, parenting payment, special benefit or Farm Household Allowance, or on or after 1 January 2020: - were made redundant, or - had their working hours reduced by 20% or more, or - for sole traders, their business was suspended or there was a reduction in their turnover of 20% or more. Applications for early release commence from mid-April 2020. At Gillett & Associates we are offering a service to help you throughout this trying time. If you require assistance with the application process, or further information please email [email protected].

16.01.2022 Ready to maximise your retirement? With a Self-Managed Superfund you can combine your super with family & friends, helping you save on fees, increase opportunity for investment and even purchase property. Want to find out how? We can help.

16.01.2022 End Of Financial Year Checklist Do you self-manage your superannuation? Now is the time to start preparing for your end of year obligations. Make sure you have your bank statements for the full financial year prepared along with the corresponding receipts. If you need some more information on preparing your SMSF feel free to contact our office.

16.01.2022 Cash is oxygen for your business and measuring working capital is your regular health check to keep your business alive; especially in turbulent times. #WeCanHelp identify strategies to increase #WorkingCapital https://bit.ly/2YDewCR

16.01.2022 Debt is a business risk but it is also a positive tool that is usually necessary in order to fund your growth. When debt levels grow, we can help you put a plan in place to manage it.

15.01.2022 Are you aware of the changes in Tax rates? Get informed with our latest blog: http://ow.ly/E4cN50Ci1fF

14.01.2022 Do you or know anyone that WORKS FROM HOME? If you are an employee who has a home office and primarily work from that office, you can claim a deduction for work-related use of your Phone, internet and equipment expenses. If your home is also your place of business, you can claim a deduction for work-related percentage of the utilities such as: ... Gas Electricity Business phone costs Equipment expenses Office furniture BONUS: You can also claim a portion of your occupancy expenses such as rent, mortgage interest, home insurance, council and water rates.

14.01.2022 Are you SURE you know what you can and cant claim on tax this year? Trust us when we say, you would be VERY surprised with what they do not tell you! If youre an employee, you may be able to claim a TAX DEDUCTION for a LOT of costs related around your job that you have no idea about. ... Book an appointment with us TODAY right here on Facebook by sending us a message and answering a few quick questions. Do NOT miss out this year!

14.01.2022 Whats your personal post-COVID recovery plan, and how will you know if youre on track? Some tailored critical numbers might be: *Return on investment by each team member *Average value proposals won *Number of networking calls or meetings ... *Number of days it takes your debtors to pay you Lets get clear on the numbers. Talk to us today.

13.01.2022 Do you prefer cash accounting or accrual accounting? It all comes down to timing: When do you record revenue or expenses? If you do it when you pay or receive money, it’s cash basis accounting. If you do it when you get a bill or raise an invoice, it’s accrual basis accounting. We can help you figure out what’s best for your business.

13.01.2022 Coming into tax time it is important to have all of your records in order. Some common deductions that are often missed may include. 1. Tax Agent Fees 2. Union/membership fees 3. Work related car expenses 4. Home office expenses... 5. Mobile phone tax deductions See more

13.01.2022 The first letter of your name is what you will blow your tax return on this year. Is it on the list, or do you have your on something else? Let us know below

13.01.2022 When you have employees working from home, communication becomes more important than ever. Adding another tool may seem like a further complication right now, but this tool might be useful for your team.

11.01.2022 Do YOU or do you know someone who drives a car for work? You may be eligible to claim A WHOPPING 68 CENTS FOR THE FIRST 5,000 business kilometers traveled for work, amongst many OTHER expenses you may not even be aware of. Check in with one of our professionals today, we will make sure youre claiming everything youre entitled to this financial year! Dont let the #ATO take your money this tax time! ... Book an appointment TODAY! BEEP BEEP!

11.01.2022 Bookings Are Open We are ready for the tax time rush! We have started taking bookings. Be sure to call Emily at our front desk to secure your appointment.

10.01.2022 NEW LOCATION!! We have moved to 30 Marine Terrace, Burnie.

10.01.2022 Saturday Appointments!! We will be taking Saturday morning appointments for individual taxation returns on the 11th and 18th of July. Book in fast as spots will be limited.

09.01.2022 How do you adapt the traditional working day to suit a remote workforce? The best place to start is to ask employees for their feedback. Here are some common practices that dont replicate to the home office.

09.01.2022 A Self-Managed Superfund (SMSF) isn't just short term opportunity for your retirement. At G&A we can help create a Family Superannuation Fund strategy that can help look after the needs of your family for generations. Send us a message to find out how!

09.01.2022 Get your books in order now for your monthly activity statement due on the 21st. We can help make sure you are ready for lodgement day. Talk to us. #smallbusiness

08.01.2022 The hardest thing in the world to understand is income tax - Albert Einstein Even a genius like Albert Einstein needed Gillett & Associates! Give us a call today to get your tax organised while you still have time!

08.01.2022 Seeking outside funding can be scary. But if you combine passion, a solid plan and detailed financials, there’s nothing to fear. Here’s what you need to include for the perfect pitch: 1. Investors want to know that you have a plan and that you understand it. That means writing a detailed business plan, getting into the nitty-gritty of your financial situation and knowing the details by heart. 2. Business plan explains the business opportunity, examines the market, looks ...at skills and resources, and lays out a business model and a financial forecast. 3. Financial details specifics for spending the funding, sales forecasting, balance sheets, profitability predictions and details about your salary. If you’re expanding an existing business, you need to provide at least two years of accounts and tax returns. 4. Show your product or service a mock-up, prototype, pictures or screenshots something tangible that can help bring your idea to life. See more

08.01.2022 Zeehan Clients - Friday the 10th of July We are happy to announce that we will be making the trip down to Zeehan once again. We will be at the neighbourhood centre, where we have been the last few years. We will be down all day on the 10th of July. Book in as soon as possible, as there will be limited appointments available.

07.01.2022 LET'S TALK ACCOUNTING Want to cut unnecessary costs, optimise the most profitable parts of the business, and increase your overall return on investment? Let’s talk about how we can work together to support your ongoing business profitability.

07.01.2022 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! So, what should you do to build yourself a more successful business? We’ve broken it down into 10 essential steps in this article: https://bit.ly/3fU27Sz

06.01.2022 A SWOT analysis is an excellent way to understand your business and market. Well help you pinpoint the strengths, weaknesses, opportunities, and threats and drive your growth. #SmallBusiness #SWOT

05.01.2022 Planning a Christmas party? Giving gifts to clients and suppliers? Paying a Christmas bonus? Talk to us to see if you can claim all or part of the cost as business expenses. Don’t get caught out by tricky entertainment rules!

04.01.2022 In the last 15 years, gold has continually outperformed many investment strategies - delivering returns of almost 9.5% per annum. Want to find out how you can use your super to invest in gold? We can help.

04.01.2022 Forecasting, cash flow, debt, pricing structures there’s a lot to consider when it comes to money management in business. Here’s how to put your best financial foot forward.

03.01.2022 Worried about your cashflow and the profitability of your business? Come and talk to us. We’ll review your finances and will highlight key ways to improve your cash position while keeping the profits rolling in. #businessadvice #cashflow

03.01.2022 More than just the average accountant Thanks James!

02.01.2022 Get yourself a solutions oriented team. Thanks Ben!

01.01.2022 Just as important as a great leader, is the team that sits beneath him. The entire team at Gillett & Associates gets praised by James Dawson Roofing! Thanks James!

01.01.2022 KEEP COSTS DOWN AROUND CHRISTMAS 3 ways to keep your costs down without sacrificing festive fun with the team this Christmas: 1. Choose a local venue - Keep costs down for you and your staff by hosting your Christmas party close by. That way people don’t have to spend lots on taxis getting to and from the party.... 2. Give the best present ever - Get in everyone’s good books and give them the morning off after the Christmas party. A small gesture that’s worth its weight in gold. 3. Take the pressure off - If last year was the bash of the decade, don’t worry - people understand it’s been a tough year. Parties thrown on a shoestring budget can be the most memorable because they strip away all the window dressing and put the focus on people and fun.

01.01.2022 After years of globalisation and international growth, it seems strange to narrow your focus. But concentrating on local consumers right now is essential for your business. Update your goals and strategy to maximise on the local market.

01.01.2022 In times of record low interest rates, no single easily accessible asset has produced higher returns than gold. With a Self-Managed Super Fund you can easily diversify your investment strategy to capitalise on these returns. Fill in the form to find out how!