Small Business Company Tax Rate 2021

Good News! – The small business Company Tax rate has reduced to 26% for the 2020/21 tax year. Beck Partners – Chartered Accountants are your Small Business Accounting and Tax Specialists on the Gold Coast. Contact us today for the practical advice and assistance you have been looking for.  Find Out More Find out more about Beck Partners , Who We Are and What We …

Tax Trap

The “Tax Trap” You Need To Avoid

Everyone wants to increase their tax refund (or reduce their tax payable). Beck Partners are here to help you to do this! Tax saving strategies generally involve you spending money on “something” which creates for you a tax deduction. The “something” you spend your money on could be an expense, an asset, or an investment related payment (like superannuation or …

Minimise Your Tax

Minimise Your Small Business Tax

“ Of course, I am minimising my tax. Anybody in this country who does not minimise his tax wants his head read. I can tell you as a government that you are not spending it so well that we should be donating extra. “ – Kerry Packer If you agree with K.P. here are some simple strategies you can use …

Find new markets

How To Find New Markets

“If you always do what you’ve always done, you will always get what you’ve always got” – Henry Ford Its time for a change! Here’s a few ideas to grow your business by finding new markets. Create a video channel to increase your profile If you want to get your goods or services out there in front of a worldwide audience, …

Markeing

Business Growth – 11 Ways to Find New Customers

Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. Here’s 11 ways to find new customers: 1. Use Direct Marketing that gets results Measure the response rates to each area of your direct marketing campaign, whether it be email advertising, direct mail, or online …

Cash

Coronavirus – Economic Stimulus

On 12 March 2020 the Morrison government announced the details of it’s coronavirus stimulus package designed to support confidence, boost investment and keep Australians in jobs. Here are the six key elements of the government’s plan: An increase in the instant asset write-off scheme. The threshold jumps from $30,000 to $150,000 until 30 June 2020. A 50% accelerated depreciation deduction. Business will …

Business Growth from Existing Customers

Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. Target your best customers with offers Identify the customers who generate the most profit for your business or who have the most potential for additional sales. Actively engage with these customers to gain more sales. …

Tax – What the 2019 Federal Election means for You!

There is only a short time before the Federal Election on 18 May 2019, and there’s a lot of wild speculation and “fake news” in the media. We’re not trying to recommend who you should vote for, but instead we believe that it is vital that our clients understand how they will be affected by the result of the Election. …

Xero “Payroll Only” – STP for Small Employers

From 1 July this year, Single Touch Payroll (STP) will apply to all employers in Australia. First announced in 2015, STP is an Australian Tax Office reporting regime that requires employers to report salaries and wages, PAYG withholding tax, and superannuation to the ATO each time they pay their employees. According to the ATO, more than 400,000 small employers with …