The work perks attracting new-to-industry accountants
According to dmca director Tania Tonkin, the new year is presenting ample opportunity for smaller accounting and business advisory firms to offer greater incentives that go beyond the financials.
According to dmca director Tania Tonkin, the new year is presenting ample opportunity for smaller accounting and business advisory firms to offer greater incentives that go beyond the financials.
Senior accountant Kate Bruce from dmca advisory said people could not sell assets such as property and shares without being monitored.
“It is becoming easier for the ATO to review information in a tax return,” she said.
Chartered accountant Ricardo Neves from financial services firm dmca advisory says people may not have asked their employer, while others may feel the financial gain is not big enough to be worthwhile.
“However, when structured correctly, or if a number of strategies are implemented, the benefits can increase substantially,” he says.
Tonkin explains lease payments for fitouts are fully tax deductible, so the tax deduction each year equals total lease payments made. “GST is included in the lease payments and can be claimed back against GST payable by the business. It’s also worth noting interest rates are currently quite low and finance providers are typically willing to negotiate this point.”
Financial planner Alison Stanbridge from dmca advisory says shopping involves consumer psychology and online advertising tactics can exploit it.
The phrase ‘time is money’ is particularly true when you are running a business. There are a number of excellent technology solutions that are also free and make your business life so much easier. Here are a few of our favourites for 2022.
Australia is facing a war for the best talent. Investing in your employees is a great idea in 2022. Retaining good people will also help you achieve your goals sooner. This is the year to establish yourself as a real workplace of choice. Focus on training staff, providing career opportunities, creating a great work culture, and cultivating teamwork.
A Director Identification Number (director ID) is a 15 digit unique identifier that each new and existing director will need to apply for. Similar to a tax file number each director will have a director ID for their lifetime even if they stop being a director, move overseas or change their name.
Team dmca participated in the JDRF One Walk Step Challenge to help defeat T1D, raising $1,025 in the process! We each gave our best effort to walk 100KM in October to acknowledge 100 years since the ground-breaking discovery of insulin.
A Director Identification Number (director ID) is a 15 digit unique identifier that each new and existing director will need to apply for
We have seen an increasing number of clients being sent their statements and notices via their MyGov inbox over the past few months.