Tax sting on Australian Expatriates Main Residence

The re-introduced legislation to remove the Capital Gains Tax (CGT) main residence exemption for foreign residents has been passed by the Parliament on 5 December 2019 and is now awaiting Royal Assent. Let’s look at how this may affect you. The proposed legislation was originally introduced by the Government in February 2018 but had lapsed [...]

2020-02-04T14:16:58+08:00February 4th, 2020|

Does my Startup really need a Bookkeeper?

The straight answer? YES! One of the first things on your Startup list should be to hire an experienced Bookkeeper. An NCABooks Bookkeeper will not only provide these baseline services (bookkeeping, software advice) you require all year round, but so much more! They will help you reduce risk such as employment risk and ATO risk, [...]

2019-11-27T13:35:45+08:00November 27th, 2019|

Improving cash flow: How to get paid faster

  Maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; [...]

2019-11-13T15:00:20+08:00November 13th, 2019|

Contractor or Employee? – getting it wrong can cost you

  It is a common oversight by many business owners in that they believe that engaging a contractor automatically means that they are not responsible for paying any super entitlements or withholding tax. This isn’t necessarily correct, and in fact the ATO and the Office of State Revenue looks closely at the true relationship between [...]

2019-10-17T14:59:23+08:00October 17th, 2019|

10 quick growth tips for your small business

Small businesses can grow in boom times as well as periods of difficulty by working smarter and taking advantage of opportunities. Put these following effective tips into practise to help grow your business. 1.     Utilise new technology Modern technology can save you time, improve productivity and reduce your operational costs. Make use of MYOB and [...]

2019-08-22T16:09:46+08:00August 22nd, 2019|

How can a “virtual CFO” help you grow your business?

Every business can benefit from dedicated financial management expertise, but very few small businesses have the means to hire someone full time—particularly in the lean early years. Unfortunately, it’s those first few years when a company is just starting up that establishing good habits with managing financial resources is so important, and, over time can [...]

2019-08-08T14:47:44+08:00August 8th, 2019|

Have you heard about the new changes within Super?

Despite being a rather big change in insurance inside super, the word hasn't really got around. Do you know if you have cover and are you aware of the changes that took affect 1 July 2019? If you are a member of a retail or industry super fund (perhaps even multiple funds) you may be [...]

2019-07-25T16:03:18+08:00July 25th, 2019|