Who doesn’t want to make extra cash on the side, doing something they love!? However, not every hobby is a side-hustle and this is important to work out first before diving into the tax implications! A ‘side-hustle’ is typically a form of income or income generating activity that is outside your primary job or business. […]
Does the ATO want to know about my side hustle? Read More »
You may think that accounting only concerns tax returns and BAS and other government reporting. However there is a lot more that an Accountant like Vine Accounting can do to help you build and develop your business. Help with Business Strategy Having a fresh pair of eyes, yet someone who is also familiar with your
What more can your accountant do for your business? Read More »
In the news recently, the ATO is chasing some scenarios to ensure that what the taxpayer tells them is matched by the evidence. Determining the tax treatment of a property transaction can sometimes be a difficult exercise and there are a number of factors that need to be considered. This will often include the intention
The importance of the evidence matching what you tell the ATO Read More »
Building a great team is a challenging but rewarding part of running your own business. A great way to start your team is with an Apprentice. An apprenticeship combines on the job training and structured learning, alongside the some government incentives. Here is some information that I hope you find helpful. For more info about Apprenticeships
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Jesse is a qualified Physiotherapist with over 7 years experience in the healthcare sector. He recently began the process of setting up his own Physiotherapy practice PEAK Health and Rehabilitation and asked Vine Accounting to help out on the business side. Nathan asked Jesse about his experiences in setting up a new business. Why a new business?I
Partner Business: Peak Health and Rehabilitation Read More »
Asking your customers to provide a Google review is a great way to help your business stand out in google searches and will give others confidence in your services or products. Reviews show up next to your Business Profile in Maps and Search.Tip: You don’t need a Gmail address to leave a review you can simply make a google search
Google Reviews: Helping Your Business Get Noticed Read More »
Good small business systems are efficient and automated so that your time is freed-up to focus on doing business. Here are some helpful small business efficiency tools to help get things running effectively. Make a Budget/Plan Create a budget. Ask yourself: how much you need to invoice to break even next month? By firstly working
Ideas for building a Small Business Read More »
So you are currently operating as a Sole Trader, it’s going great, but have you wondered when is the right time to start operating as a ‘Company’? Setting up a company structure to operate your business can have some great benefits. Companies are: Companies are registered with ASIC and require a small yearly fee to maintain
Sole Traders and when to start a ‘Company’? Read More »
What is FBT and how does it affect my small business? The Fringe Benefits Tax year ends on 31 March and is an area of focus for the Australian Taxation Office (ATO). FBT is payable by employers when certain benefits are provided in addition to salary or wages to: These benefits might be provided directly
Cornerstone Financial Solutions Jonathan Wilkes is a Financial Planner, Self Managed Super Fund Specialist Advisor based in North Epping. With over 10 years of experience, Jonathan provides comprehensive, proactive, and personalised financial advice to individuals, families, and businesses across Australia. If you need a trustworthy advisor to help you create a financial plan customised to your
Partner Business: Cornerstone Financial Read More »
