There’s no doubt that the explosive growth of Bitcoin and other similar crypto-currencies has been the financial fad of 2018 & 2019 so far. With explosive growth in recent months (and periodic crashes), it’s been possible to make (and lose) substantial sums of money over startlingly short time periods and many inexperienced investors (or should…

Whether you’re planning to sell your small business or just beginning to consider your options, there’s no right or wrong way to go about it. While every small business is different, being clear about your sales process can help you make smarter decisions, minimise your risk and protect your interests. Here are some things to…

Nobody likes completing a tax return but you have to do it, so you might as well get yourself the best possible outcome by claiming everything you’re entitled to. Here’s CGH Accounting’s guide to the top tax tips for tradies:   CLAIM TOOLS AND EQUIPMENT You probably use a variety of tools every day and…

Dear Friends CGH Accounting has enjoyed a wonderful year and Jason & I would like to take this opportunity to thank you all for your continued support. Word of mouth still accounts for 95% of our business growth and we are as always very grateful for the continued patronage. Tax time is upon us again…

I have incurred travel expenses this year. What can I claim? Your travel must be relevant to your job function for you to be eligible to claim a deduction for those expenses. Where this is the case, and you have the necessary documentation, you can claim the cost of transport and incidentals. If your travel…

It can be fairly traumatic dealing with the CSA! Stay calm. Always. Here is a quote from a client today: “They care not one jot about your kids or whether you have enough to eat, they just want paid. When I pointed out that their claimed arrears would mean I would be unable to pay…

I have started my own business and wonder if I need to register for GST? Businesses with an annual turnover of $75,000 or more are required to register for GST. If your business has a lower turnover you are not required to register but you may do so if you wish. You will only be…