The ATO’s concern The ATO has a few concerns in this area – and it is important to b… Read More

In-house bookkeepers or accountants can be costly and hiring a local firm can be even more expensive. That’s why we make it our priority to provide high-quality financial services at a… Read More

Australia’s largest intergenerational wealth transfer. How can you prepare? Australia is on the cusp of the greates… Read More

Successor Director Solution: Business as usual Caution: Having a Sole Director in a company without a backup plan is just not prudent. It leaves the company vulnerable to numerous threats. I… Read More

Self-managed super funds (SMSFs) have become increasingly popular in recent years. As more and more people look for ways to take control of their retirement savings. However, with great powe… Read More

Real estate investing can be intimidating. Creating trust is an approach to reducing the possible hazards associated with real estate investment. A family trust, commonly called a discretion… Read More

Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate such as bookkeeping… Read More

Let us keep your company invincible even in the face of your demise, sickness or legal plight! In Australia, there are approximately to 3 million corporations, many of which are used by sma… Read More

More COVID-19 business grants are now tax-free The Federal Government has expanded the list of State and Territory COVID-19 grant programs that may be tax-free to eligible businesses… Read More

Starting a business is a particularly difficult and expensive process, and the life of an entrepreneur is generally so packed with day-to-day responsibilities that taking care of your financ… Read More

The below update covers the key areas to be aware of this tax season. If you have any questions or are unsure of how these may impact you, we encourage you to speak with your Accountant… Read More

Superannuation falls in the government policy designed to urge individuals to accumulate their savings for their monetary freedom and be less dependent on the rat race during retirement and… Read More

Online SMSF AuditAnyone who wants to become an approved SMSF auditor must pass the competency exam to work as an Approved SMSF auditor. We face a lot of challenges when conducting quality au… Read More

The end of the tax year is a good time to look at both the expected taxable income for the current fiscal year 2020-21 and projected taxable income for 2021-22. As they can help guide tax pl… Read More

According to the Australian Taxation Office (ATO) regulations, all companies that have done business in the financial year must file a company tax return. Even if no profit is made, the comp… Read More

Self managed super funds give you better control over organising your retirement funds to yield maximum benefit. They are managed by you as the trustee allowing you to control wher… Read More

One of the quirks of the Australian financial advice sector was that accountants had been able to offer financial advice limited to SMSFs in isolation. This made a sort of sense, as accounti… Read More

Right off the bat, I think it’s important that I make a clear distinction, especially if any of those greedy, grubby ATO nerds are reading this. When I talk about how to avoid paying… Read More

The key to signing up for lucrative top-tier credit card offers often rests upon your income. After all, banks don’t want to extend a sizeable line of credit to someone who wouldn&rsqu… Read More

If you need help with your tax, West Midlands Accountants LTD has plenty of professional accountants and tax agents who can help you to deal with those daunting returns. For those without ex… Read More

The function of a chartered accountant can be intricate to understand, the majority just associates them with tax returns. This however, is far from all a chartered account is and if that is… Read More

The only thing certain in life is death and taxes – so what is set to change? Some of the key changes from the 2018-19 budget that may affect our clients are listed below. Tax deductio… Read More

Economic Overview Political uncertainty remained a feature in the June quarter as President Trump dismissed FBI director James Comey and French and UK elections were held. In the EU, ri… Read More

A self-managed super fund is a trust structure that can be used to manage retirement savings on behalf of its members. This kind of accounts are established for the sole purpose of providing… Read More