MCA Business Newsletter - February 2012

In this edition the following is covered:

  • Superannuation changes
  • Various changes announced in Mid-Year Economic and Fiscal Outlook 2011-12
  • Changes to the taxation treatment of the living away from home allowance
  • Changes to the income tax law affecting consolidated groups
  • Trust reform
  • Changes to the tax treatment of lossess
  • GST refunds

MCA Business News - February 2012.pdf (159.79 kb)

Have you ever considered why you need a good accountant to help you with your business? What can they really do, aside from help with your tax?

A good accountant acts as a trusted advisor to you and your business. They will help you with growth opportunities, implement revenue strategies, increase your profit, give you a better understanding of your cashflow, help protect your assets, make sure you have an effective tax strategy in place, shape your business to be a saleable asset and set you up for retirement. Such guidance is useful when you are starting up a business, of course, but it's also important when you are in the middle, or end of your business life-cycle – especially if your business finances are closely tied to your personal finances. You need sound advice to help you get your business formula correct.

Here at Make Cents Accounting, we help you implement your cashflow strategies and structure your finances correctly, so that you can obtain the finance you require, say, to purchase that property you want – or the funding you require for business growth. We can help you take a correct stock inventory count, and give you a better understanding of what numbers really drive your business to success. Of course, we also make sure your tax returns are lodged correctly and on time!

If you have ever had these things run through your mind and you would like to get a grip on them, give us a call. We're always happy to chat.

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