Keep Busy (or not)

Here are some of the things I have been doing through my first 15 days of COVID self-imposed isolation, that have kept me sane:

• Rest - you are on a pretty extreme emotional journey right now and your mind and your heart might need a break. Take it, guilt free. You will be more...

In times of uncertainty it can feel impossible to find a way forward.

I know personally I have been on an emotional journey since that first announcement of the cancellation of Melbourne International Comedy Festival. A lot of my friends, and of course my clients, were affected by this decision...

PAYG-W

PAYG-W stands for Pay As You Go Withholding. These are tax amounts that the employer withholds from their employees' salary and wages, to then be paid to the ATO on their behalf. Businesses also withhold money from contractors who might have voluntary agreements in place and...

PAYG-I

PAYG-I stands for Pay As You Go Instalments. They are like instalment or pre payments the ATO kind of make you pay towards your end of year income tax debt. 

We like these because they help us (force us) to put money aside for tax. Instead of it sitting in our bank, teasing us...

This is the juicy stuff!

The number one question accountants get is:

“how do I reduce the tax I pay?”

Now that question is a little counter intuitive if you ask me, because if you make more money you pay more tax – so to me, more tax is a good sign!

BUT what we don't want you...

#1 Questions I get asked: What can I deduct for tax?

This blog is going to answer that question for those of you running small companies. Fortunately for you, the tax office is pretty forgiving, so majority of the expenses you incur in running your business can be deducted for tax.

This includes...

Tax can be crippling if you aren't prepared. You'd think that would never happen to an accountant right!? We do this all the time so surely we nail our own tax... well, let me tell you, some lessons are best learnt first-hand. 

I've always had employment and a side hustle small business -...

Well, my friends, I have taken the leap of faith and signed the contract to officially be an Accodex Partner. 

Accodex is a business intelligence and support network enabling freelance accountants to optimise their businesses. Think of it like this - if you work as a Partner in a...

When they ask you at kindergarten what you want to be when you grow up, most kids respond with something like "nurse", or "fireman", or "teacher", right?

Well this little girl wanted to be a fairy. Solid career choice. 

The funny thing is, at 14, I had actually achieved my life goal of...