The organisational bug has gone viral thanks to Netflix series such as Marie Kondo and the Minimalist. The 2019 craze is set to declutter and re-budget for our newly organised lifestyles. Budgeting is often thought of at the beginning of a new year. What did you waste money on in 2018 and how can you avoid this in 2019? Looking for some money goals in 2019? Here’s how to plan for budget success this year.
Meet the Aspect Accountants and Advisors Team
At Aspect Accountants and Advisors West Perth we believe it is important to create a genuine and personal relationship with each client.
We work to offer a personable service that caters to your individual and business needs. Where trust and communication are of pertinence.
We pride ourselves on our attention to detail and the strong long term relationships we build. With that in mind, we would like to introduce an Aspect Accountants and Advisors team member: Sue Cowpe
There are several factors to consider when owning and running a business. One of those includes your business exit strategy.
What is a Business Exit Strategy?
An exit strategy is a set plan for a business owner to sell his or her part of the business. This can be to another company or investors. If a business is prepared for the exit of the business owner, it often has a higher chance of succession post ownership transfer. It can also help to ensure entrepreneurs see a return on investment if their business is successful.
ATO to notify taxpayers if bank account details are incorrect
Taxpayers will soon be notified by SMS text message from the ATO if bank account details are incorrect in their income tax returns where a refund is due.
Impacted taxpayers will be advised of the following:
- The refund cannot be processed due to incorrect bank details; and
- To contact the ATO on 13 28 61 to advise correct bank details.
If the correct bank details are provided to the ATO within 7 days, any refund due will be issued electronically.
It is strongly advisable to exercise a high degree of caution when dealing with SMS text messaging from (or purportedly from) the ATO due to an increase in recent tax fraud attempts.
Should the authenticity of any ATO correspondence be questionable, it is recommended to call the ATO to verify on 1800 008 540. Alternatively, please do not hesitate to contact our office to ask our accounting staff if you are unsure of any correspondence received.
How Can Accounting Help Small Business
Starting your own business can be tough. We can find ourselves sitting for hours on end, trying to figure out the best ways to cut business costs and work efficiently.
It is important to understand the accounting and financial side of your business, to avoid short term financial issues and potential future blunders. An accountant can help guide you through not only the start-up phase of the business, but also the operations, and growth stages.