Is alcohol tax deductible?
Is alcohol tax deductible?

At this time of year, I see a lot of businesses buying bottles of wine or slabs of beer as gifts for their clients. The question on every bookkeepers mind is can they claim the GST component of this purchase and is it tax deductible? For those businesses NOT...

Fallen behind on your Bookkeeping?

Your bookkeeping isn't up to date, it needs cleaning up, what do you do? One Transaction leads to a money spend leads to an account balance which forms part of your Profit and loss. The question isn't what do you do, no the question is what is your attitude to your...

ATO view on Motor Vehicle Claims for small business

Motor Vehicle Claims The ATO's biggest bugbear, arguably. How it works for Sole Traders using the logbook method (or cents per km method) - home to work is not deductible where that workplace is a stable place ie an office in the city. For a business owner...

Profit First – Whats all the Fuss About?

The Profit First system does not replace the need for accounting. It does not help you understand financial performance and the levers you can pull to improve your business or make better business decisions. It helps with cashflow management. Side note-...

Get Unstuck – Get your “Up” Working

The answer to being "stuck" and confused is to break your problems down into chunks. Those chunks sit within your own big picture. The solution: you have to start somewhere. Do this: Brain-dump all the stuff from the top of your head onto a page. Identify the problem ...