From energy incentives, payday super, an extension to the instant asset write-off, and halving the increase in quarterly tax, this year’s Federal Budget had some great advantages for small and medium businesses. Every year throughout May, there’s a lot of discussion...
From managing a project and tracking suppliers to pricing jobs and paying staff, as a tradie, you have enough to manage without having to sit through tax time alone. With rules around tax deductions constantly changing, keeping up to date with whether you can claim...
Meet Taylor Chown, who joined the Nexis team as a Bookkeeper in February 2023. Her best bookkeeping advice is, “if you’re unsure about how to record an expense, simply ask! There’s nothing to be afraid of.” We sat down with her to find out more. Who inspires you and...
As a business director or owner, it can be challenging to decide the best direction for your business, whether it’s growth in size or diversification into other markets, downsizing after the turbulent past few years, succession planning for the next generation, or...
Investing in property can be a great way to secure your financial future and grow your wealth. However, with interest rates and the cost of living rising, understanding the potential risks of investing in property can help you make an informed decision. ...
In recent years, many Australians have been looking to invest their money and become financially independent. This has seen an increase in the number of self-managed super funds (SMSF) and investments in cryptocurrencies (crypto) such as Bitcoin or...
Meet Victoria, who joined Nexis as a Senior Accountant in September 2022. Her best advice to those new to the accounting world is to “listen to your client’s needs and create an offering that truly solves their problems rather than changing their idea of what...
The ATO has changed the way you claim work from home (WFH) deductions, starting from 1 July 2022. The Practical Compliance Guideline (PCG 2023/1) was finalised on 16 February 2023. The Guideline outlines the ATO’s post-COVID 19 approach to WFH tax deductions. Prior to...
It’s Valentine’s Day, so you might be celebrating the relationships in your life: with your significant other, your friends, or your fluffy companion. But you might be overlooking other important connections, like your business relationships. Such as with your...
The government is helping small and medium enterprises with an aggregated turnover of less than $50 million to reinvigorate their businesses after the effects of the pandemic. Announced in the 2022-23 Budget and still subject to law, the proposed investment boosts...
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