The Australian Taxation Office is paying particular attention to claims that investment property owners make for repairs to rental properties. All clients should note repairs are deductible, improvements are not. Though improvements may add to the cost base. There are many examples of case law to assist in differentiating between repairs and improvements and the […]
Read moreHow many of these questions can you confidently answer about your business? READ THE TRANSCRIPTION BELOW: Mark Rogerson here. I’m going to ask you some questions as a business owner that you should know the answer to. If not, why not? Okay, what’s your profit this year versus last year? What about your sales, are […]
Read moreAt Rogerson Kenny Business Accountants, we’ve put together a slideshow to explain the regulations surrounding tax invoice compliance for businesses. You can click through the slideshare, or scroll down to read a transcription below. BUSINESS FINANCE 101: CLAIMING GST CREDITS Are you registered for GST? In that case it is likely that you are eligible […]
Read moreAre you yet to embrace cloud accounting for your business? At Rogerson Kenny we’ve seen, time and time again, how cloud accounting has improved our clients’ business practices. Today we share our top five reasons why you should move your accounting to the cloud. REAL-TIME OVERVIEW OF YOUR FINANCES As a business owner you make […]
Read moreMany of our clients purchase a motor vehicle through their business. Understanding how the GST process works, will ensure you make the correct decision and understand how this purchase will affect your business when tax time rolls around. BUYING A CAR THROUGH YOUR BUSINESS Business owners looking at purchasing a new car that costs more […]
Read moreMaking the decision to purchase a business is a big one, and making sure you purchase the right business for you is absolutely crucial. There are a number of questions you need to ask, and decisions you need to make to ensure that you know everything about the business you’re buying before you make the […]
Read moreWatch our video below, or scroll down further to read a transcript of our video discussing the difference between a company and a family trust. Hi, Mark Rogerson here from Rogerson Kenny Business Accountants. A common question from our clients is: What is the difference between a company and a family trust? Well, today we’re […]
Read moreSELF MANAGED SUPER FUND ANNUAL RETURN All Self Managed Super Funds need to lodge an Self Managed Super Fund annual return with the ATO each year, in order to: Report income tax Report super regulatory information Report member contributions Pay the supervisory levy The lodgment and payment date for all Self Managed Super Funds that […]
Read moreSETTING THE PRICE Setting the price for your business is one of the hardest tasks a business seller can do. Too high and it won’t sell, too low and you throw away all that hard work undertaken over the years to build the business up. You need to talk with as many parties as possible […]
Read moreInsuring your business premises and your business assets is a critical part of establishing a business. For people new to business, insurance can seem like the last thing you want to do in addition to an already long list of expenses. However, if your business is not insured, you may not cover financially from disaster, […]
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