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  • 09Feb2018

    Five Tips To Keep Your Medical Business Healthy

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    Medical professionals study long and hard to establish their careers.

    Medicos choose their path to make a difference – to the lives of their patients and to their own futures and that of their families.

    But whether you are a GP working with patients in a suburban practice or a Medical Specialist with consulting rooms and an operating list, it always pays to remember that, essentially, a medical practice is a small business.

    Successful medical practitioners realise that to achieve their goals and be properly rewarded after the years of hard work and study, they need to get both the medicine and business working together towards a common outcome.

    To do this, you need to get the right advice and gather a good team around you – preferably as early as possible in your career. And during your hospital training years can be an ideal time to start.

    Read more
  • 09Feb2018

    Truckies – 6 Tips for Keeping Yourself and Your Business Healthy

    truck-driver

    Truck Drivers – both long haul or short haul – are an essential part of the lifeblood of any western nation.

    Whether it be our food, fuel, building materials, furniture, motor vehicles or any other general parcel – they all need to be trucked around our country and within our cities.

    Trucking is not for the faint-hearted, with professional drivers often spending up to 300 days per year on the road. And when things go wrong and bad accidents occur it is always a tragedy for all concerned.

    Our farms and other small business depend on the trucking industry. And most truck drivers, themselves, are small business owners who are trying to earn a living and feed, house and clothe their family.

    As accountants and financial advisers, we have spent more than 25 years helping family owned trucking businesses. The following are some helpful suggestions gleaned from more than 25 years of dealing with these hard working small business owners.

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  • 12Dec2018

    Christmas Tips For Small Business

    christmas-small-business

    While Santa is double checking his naughty and nice lists, small business owners should make and review their own list of tasks to ensure the festive season shut-down and return to work is a jolly time for all concerned.

    Get into the festive spirit

    December is a busy time of year for most businesses trying to wrap up work before the holidays. But don’t forget that the end of a year is also a great time to celebrate and acknowledge the hard work and achievements of your team over the past twelve months. Start by creating a festive environment and getting creative with Christmas decorations, activities and events. If you use social media, then include festive season themes in this communication.

    Read more
  • 28Nov2018

    10 tips to help rental property owners save time and money

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    The following ten tips will help rental property owners avoid common mistakes.

    Getting these things right will reduce the risk of failing an ATO audit and save the investor time and money

    1. Keeping the right records

    You must have evidence of your income and expenses so you can claim everything you are entitled to. Capital gains tax may apply when you sell your rental property. So keep records over the period you own the property and for five years from the date you sell the property.

    2. Make sure your property is genuinely available for rent

    Your property must be genuinely available for rent to claim a tax deduction. This means that you must be able to show a clear intention to rent the property. Advertise the property so that someone is likely to rent it and set the rent in line with similar properties in the area. Avoid unreasonable rental conditions.

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  • 28Nov2018

    Plan Not To Fail – But Protect Your Assets Just in Case

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    Business owners are, by nature, optimists.

    To open and run a small business you have to believe in your industry, your ideas, your team and yourself.

    Working with potential business owners to buy or set up a new business is an exciting time for all concerned.

    Everything is bright, shiny and new – and pointed towards successful outcomes.

    Many, via working hard and smart, achieve their growth and profit goals. Successful businesses can produce strong income for the owners and sometimes eventually be sold at a substantial profit.

    But the sobering statistic is that 66% of small businesses in Australia fail within the first six months.

    Read more
  • 28Nov2018

    Digital Confusion on GST

    gst-digital-confusion

    Goods and Services Tax (GST) was introduced more than

    17 years ago. 

    Most people understand the basics, but there are still some

    areas that prove tricky to understand.

     

    Imported Services and Digital Products

    From 1 July 2017, Australian GST applies to imported services and digital products.

    Some common examples of imported services and digital products include:

    • online supplies of software
    • digital trade journal/magazine subscriptions
    • website design or publishing services
    • legal, accounting or similar consultancy services.

    Read more
  • 17Oct2018

    Attempt to Clarify New Small Business Tax Rules

     

    small-business-tax-rules

     

    In the wake of the confusion surrounding which companies may qualify for the new lower company tax rates, the government (via Treasury) has released draft legislation on how the rules may apply.

    The draft legislation outlines that companies will only qualify for the new lower 27.5% tax rate if:

    • The company carries on a business in the relevant tax year
    • Its aggregated turnover is less than the applicable threshold ($10M for the 2017 year) and
    • Less than 80% of the company’s assessable income is passive in nature
    Read more
  • 17Oct2018

    Be Uber careful with car expenses

    uber-car-expenses

    Tax issues associated with ride sourcing services such as Uber remain a hot topic of debate.

    How to claim car expenses related to these activities is one frequently asked question.

    In simple terms, the rules for ride sourcing vehicles are no different than that for any other taxpayer. Car claims need to be made using either the cents per km or log book methods.

    The cents per km method applies to vehicles doing up to 5000km for business per year. This will suit more part-time drivers. There is no need to keep any sort of specific records, but you may be asked to justify how the kilometres were calculated (diary records etc).

    Read more
  • 13Oct2018

    Use BAS as a Business Health Check

    bas-healthcheck

    As a small business owner, do you consider your quarterly BAS to be a necessary evil? Or see it as a chance to pause and check the financial temperature of your business?

    Each quarter almost every small business throughout Australia has to calculate and lodge a Business Activity Statement (or BAS).

    Many small business people object to being the government’s tax collector every quarter and get the BAS off their desk as quickly as possible.

    Others, while not enjoying the tax collection aspect, also recognise each BAS as an important opportunity to assess the some of the key numbers in their business.

    Read more
  • 06Oct2018

    Important Decisions for Downsizers

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    Selling the family home is one of the major economic and personal decisions faced by Australians as they approach retirement.

    There are many potential advantages, but the trade-off can be the unintended or underestimated emotional and financial costs of the move.

    Motivations to move can be many. But so can the potential traps.

    Read more

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  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Blair Wright

    I’ve been dealing with Affinitas Accounting for about 3 years now and I have found them to be nothing but friendly and helpful. I’m a Bookkeeper and on occasions have been stuck with various accounting problems. Affinitas have not hesitated to spend time with me until the problem was solved. Any queries or questions have always been answered in a timely manner.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Joshua Drake

    I highly recommend coming here for all your tax needs! They explain everything you need to know about tax thoroughly and go about there jobs professionally, always leave here with a cheery smile and satisfaction.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Ben Campbell

    Affinitas Accounting has been so helpful with the restructure of my business. They made it an easy process and explained it in a language that was easy to understand. My ongoing tax and gst is all prepared by them, they’ve really taken the stress out of it all to let me focus on growing my business.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Rebecca & Russel Johns

    Since moving to Affinitas Accounting we have a clear understanding of companies and trusts. We have no hesitation in saying the team here will meet and then exceed your expectations! I never feel like i am annoying them. Thank you Team Affinitas

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Paul Maclaine

    Affinitas has looked after all our financial needs for our business and personal tax returns. We have been with our accountant for 10+ years. I have no hesitation in recommending Affinitas to anyone looking for an accountant or any financial advise. We have always found and received friendly professional and practical advise.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Carlie White

    For the past 6 years, Tammy has been lodging our tax. The team always spend the time to explain how things will affect us and always manage to maximise our returns. We highly recommend the team to anyone we speak to and have had friends move to do their future tax with the team at affinities accounting. Couldn’t recommend them highly enough.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Kirsty Whittaker

    I’ve been using Deb from Affinitas Accounting now for many years and have found her to be excellent in looking after my taxation needs. I’m in Tasmania, Affinitas Accounting is in Queensland and distance is no barrier. She understands my business needs, everything is done in a friendly and efficient manner and I happily recommend to anyone looking for ‘down to earth’ taxation advice.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    David Williams

    We’ve been with Affinitas Accounting for over 5yrs when they were known as Online Accounting & Taxation Solutions. From our initial phone call with Brad looking for an accounting team that would meet our expectations as well as provide efficient service, we’ve been really impressed with the team’s professionalism, knowledge & expertise.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Allyson O'Connell

    Debbie is our accountant and has been for seven years. She is thorough and always does what she can to honestly get us the best return but always adheres to the ATO guidelines. We recommend her to our friends and wouldn’t take our business to anyone else. Thanks Debbie.

  • We have only been with Affinitas Accounting for the past 12 months but in this time they have by far exceeded our expectations of an accountant and far surpassed previously used accountants.
    Affinitas are not just about annual returns, BAS statements etc, they take the time to get to know you enabling them to provide advise to help you work toward personal & business goals.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Mark D’Andrea

    Can’t fault Affinitas.

    Have been coming here for years (when it was then called online tax). Deb has been happy to always go the extra mile and doesn’t mind dispensing helpful advice throughout the year.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Deagon Fixing

    I have been a client of Affinitas Accounting (previously Online) for the past 8 years. It is like a one stop shopping experience, all my needs were addressed in the one office.

    Thanks Affinitas you for all your assistance and I would strongly recommend them to anyone to use

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