Happy New Year! It feels good to be welcoming in 2023, doesn’t it. The very whacky first three years of this decade are behind us, and despite wars and struggling economies, still it seems excellent to have moved on from the pandemic era. Our accountants in Ballarat and Torquay are excited about this year. We…
There are lots of things to diarise in the month of December. For a start, you should make a note to get onto that Christmas shopping – today! – if you haven’t already. Then, there’s the date when school holidays begin; by that stage you should definitely have your Tree up, and then start counting…
November Namaste from your trusted local accountants in Ballarat and Torquay, CGH Accounting Services. This is a beautiful time of year in both Ballarat and Torquay. The climate has come good, holidays are just around the corner and we’re starting to look towards Christmas. Our last few months have been, as is traditional, our busiest…
It’s October, which sounds like it should be the eighth month, but it’s actually the tenth month – us accountants just love talking numbers! In October we finalise many of your tax returns, and some lucky ducks may even find they get a refund from the ATO… Happy Days! In Ballarat this month there looks…
Spring has sprung! We’re seeing a bit of sunshine poking through the clouds in Ballarat and more people starting to venture back onto the beaches around Torquay and along the Surf Coast. The first weekend in September is Father’s Day, and for those of us lucky enough to be Dads, we might get treated to…
With Tax Time now underway, now is a great time to take stock of all the money you’ve spent on work-related items during the course of the year. The question is, are you claiming everything you’re entitled to? The general rule is that if you incur an expense as part of your job and aren’t…
Tax Implications When Buying a Holiday Home Every year, the ATO looks closely at tax claims which relate to holiday homes to ensure that people aren’t over-claiming tax deductions. The boom in holiday home ownership throws up particular challenges for the taxman, both in making sure that they know exactly who owns what and also…
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…