Tax Return Circular Quay Professionals

What can I claim on tax

Tax times always come with many expectations especially when you made a lot of expenditures during the fiscal year. As an income earner, you may often find it hard to get around these expenses in order to determine which one can be deduced from your tax. Don’t worry; you are not alone. There are so many people out there who have no actual knowledge of the expenses they can claim when completing their tax returns. The purpose of this article is to help you identify those things you can claim on tax so that you are able to get the allowable amount as a refund.

There are certain expenses that are work related which you can claim for yourself when completing your own Tax Return Circular Quay . These expenses include every expense you made while at work that was not refunded by your boss. That is why most taxpayers keep an up-to-date record of all the transaction made during the year especially those that involved their own personal money. Here are some of those expenses you can claim when completing your tax return as an employee:


You can also claim donations. The standard is that you can get a tax back for every donation you make that is above $2 . There are other conditions attached to donations besides money. According to the Australian tax office policy, you can claim a gift for certain donations depending on the kind of organization involved. It is of high effect to note that not every donation can be claimed especially those you gave it voluntarily to some individuals. Such donations do not usually have any kind of receipts attached.


You can claim for any amount spent in buying work related clothing, including the cost of cleaning it. These may include uniforms, personal protective clothing, or accessories that are needed in your work place. If these items were not provided in your office, getting them with you own money without being reimbursed by your employer means you can claim them.

In the case where the company you are working with pays you some allowance to take care of such things, then you are required to indicate the amount when completing your return so that the Australian Taxation Office knows about the money provided by your employer for such expenses. Deductions from your tax is directly related to income from work.


There are certain claims you can make on travel and mobility. You can claim for vehicle you use to transport yourself to work related meetings and in general work related travels. This is mostly applicable the vehicle is not provided by the company you are working for. Please relevant section on travel and vehicle expenses so that you know the deductions that are applicable to you.


Another thing you can claim for in your tax deduction is personal education that is work related. There are certain expenses you can include while making such claims. Note that it is not in every situation that you are required to claim for your personal education especially when it does not apply to your job. Refer to the ATO’s official page to find out more about tax return claims involved in your education.

Working from home

If you are required to be working from home, whether long term or short term, then you can claim for home office expenses on furniture, computers and internet, phones and calls, air conditioner, in addition to any other facility that may be relevant to your work. You can include such items in your tax return especially when they start to depreciate. Also remember to include the cost for making repairs and the general maintenance of your home office. Everything you intend to claim in your home office is required be something that is used for work not for personal use. When in doubt, you can seek professional help from Tax Return Barangaroo area.

There are so many other things you can claim for when applicable. Some of them are deductions on your investment income, cost of managing tax affairs, subscriptions, union fees if you belong to one, meals, books, amongst others.

In fact the list is very long. Make sure you read through each category of expenses you can claim on the official website of the Australian Tax Office. When confused about anything, quickly get help from a certified and registered Tax Agent North Sydney  or Tax Accountant North Sydney  or Tax Return North Sydney expert. Do not leave any stone unturned when filing your tax back; after all, it is related to your income and your expenses.

Internet Marketing

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When the electronics devices such as mobile phones, tablets, and computers are used online with respect to shopping then internet marketing comes into play. Nowadays, marketers are much involved with internet marketing since majority of the consumers use these devices to shop anything from anywhere with ease.

The Internet Marketing enables the marketers to keep track of return on investment quickly as compared to other marketing channels. The two modern forms of Internet Marketing are Social Media Marketing and Digital Brand Marketing. Both these types incorporate the use of applications, SEO, social networks, email, and websites. For different types of businesses, SEO Services are becoming more popular these days. For instance, a lot of people living in Sydney – Australia use frequently the terms tax return Melbourne , tax return online , tax accountant Sydney  that are used for searching about online tax return service in Australia.

Conducting Internet Marketing

Though conducting Internet Marketing is not a daunting job, yet many marketers may take it carelessly. Maybe the reason is that they want to cope with new trends immediately so that they get desired results in few days of time. But the following five actions can be taken into consideration if someone is seeking professional Internet Marketing.

  1. Managing Internet Marketing as an Accessory:

When marketer tends to consider internet marketing as an accessory, then this means that the digital agency does not have much time to prepare a solid strategy to conduct it. To make internet marketing effective, the digital agency takes time to plan for an engagement setup such as working for tax agent Melbourne , tax accountant Melbourne and tax agent Sydney .

If there is a marketing committee, then the marketer can brief about the strategy to everyone. It is possible that a productive and on-going plan is formulated during one single meeting.

  1. Determining Internet Marketing while sitting idle:

A common routine found at the workplace is that daily the director of the company comes across various dashboards and the reports. But most information within them usually gets ignored. Most directors are not familiar with some detailed data which is presented to them. But in such a scenario hiring a team of data experts becomes of high effect; they can interpret data and can help to make informed business decisions.

  1. Ignoring Mobile Shoppers:

These days a large number of online purchases are being done through mobiles phones. The purchase pattern, consumer behavior, and the feedback data can be gathered for interpretation later on. If such an aspect is ignored, then the marketing plan is definitely affected.

  1. Live Chat:

Having an online chat option makes sense for someone who has a good website strategy in place. The live chat enables potential customers to ask questions which can be replied promptly by the support team of the business.

But if no representatives are available online throughout the day, then the live chat option can be removed to avoid inconvenience with the consumers or potential consumers.

  1. Ignoring protection of images on Google:

Majority of the people are unaware about protection issue which is linked with the usage of images and pictures that get searched through Google. Several people easily post pictures without realizing that they may be the property of some person or an organization.

But there is a law for the usage and redistribution of images through Google . To avoid any penalty, an individual can take permission or may pay the respective; else he may be sued for image usage without permission.

Implementation of Digital Channel Strategy to boost Internet Marketing

  1. It opens the way for professional online customer service.
  2. It enables a business to be at the close level with some other competitors.
  3. High revenues may be produced without much effort.
  4. Mobile shoppers may be engaged and connected for long.
  5. It connects a business with online shoppers on the web.
  6. It may result in a high return on investment for a business.
  7. It may allow a business person to save a big amount of money.
  8. It may result in considerable conversion rates.
  9. Through internet marketing, campaigns are easier to be attached together.
  10. A small business owner can compete with enormous firms.

For big and small companies, Internet Marketing Strategy is becoming popular. Having an effective digital channel strategy may lead towards new consumers and new relationships may be built.


Ask The Bookkeeper Before Signing The Agreement

5 Questions To Ask The Bookkeepers Sydney Before Signing The Agreement

Accountants are required by every business regardless of the size, industry and type. We hope today’s editorial will help you understand the importance of bookkeeper in you business’ success. There are few important aspects of every business which includes sales, marketing, operations, strategic planning, purchasing, accounting and management. Accounting and bookkeeping are of more importance in today’s modern era with strict regulations applied on business from the Australian Taxation Office. Having up to date and accurate books will help you in presenting the right image of business. Being an owner, you will be able to analyse the real time financial position of business with detailed insight from different accounts and books.
Small scale or large scale business, you have two simple options when it comes to hiring a professional bookkeeper. Choose wisely by judging the financial condition of your business.
1. Permanent Bookkeeper
2. Contractor Bookkeeper
Hiring According To Business Needs – Making the right decision is extremely important. You don’t have the option of managing bookkeeping Sydney on your own. It is an outdated practice which has more drawbacks compared to the benefits. Permanent bookkeeper is recommended to the particular business which has passed its initial stages of cycle and heading towards maturity. Mostly large scale businesses can use this tactic with huge funds available. These businesses don’t find difficult to pay the professional accountants. At the same time, large scale business has immense activities which require direct assistance and cooperation from the Finance & Accounts department. Permanent bookkeeper at your firm would be able to do it in a professional manner. The general form of agreement with bookkeeping service provider can be found here.
On the other hand, small scale businesses face a longer initial stage cycle for reaching the maturity point. The risks are higher due to lack of resources which leads to less availability of professional advice. The rate of small business startups winding up are greater compared to large scale businesses. It happens in no time at all. You need to be extremely smart when handling the small scale business startup. Save maximum amount of money on employee wages for the purpose of keeping backup investment if loss occurs. Get into a suitable agreement with bookkeeper contractor. It consumes lesser time and provides instant results with low expense. Many reputable contractor bookkeeping companies are providing their bookkeeping services Sydney to small scale business in Australia. There is a trand now to outsource bookkeeping services to overseas providers using the websites like ODesk.
5 Important Questions To Ask Before Outsourcing The Bookkeeping
It is an important step for your business to outsource the bookkeeping aspect. Your business’ financial well being would be in the hands of a contractor who will construct the whole picture of money involving activities. You need to be sure about the contractor before signing the agreement. We have mentioned and discussed the 5 must ask questions to the contracting company during the outsourcing process.
1. How many years of experience do the bookkeeper has? Australian Taxation Office has changed the rules and regulations consistently in past 5 years about accounting reporting requirements. It is a must for you to hire the bookkeeper who has at least 5 years of experience in the business for being on the safe side. Your startup venture is already at too much risk, don’t put further burden on it. Go for a true professional even if it costs a little more.
2. Which industry does the contracting company specialize in? This is a really important question which most people don’t care to ask. You need to outsource the bookkeeping aspect to the contractor who specializes in your business’ industry. It will allow the contractor to have better understanding of your business workings and detailed knowledge with handy experience.
3. What is the communication method and response time? You should know exactly what your business will get. The contractor should provide maximum response time of 48 hours. Swift response and communication shows confident bookkeeping from the contractor. Live chat conversation is ideal to provide maximum assistance and have ideal cooperation between the two parties.
4. What is the firm size? It is a good question to ask in case you are looking for the complete picture of outsourcing tasks like tax management, payroll calculation, accounting and bookkeeping. A firm specializing only in bookkeeping won’t be able to solve your problem. You would require a bigger firm with large pool of professionals. It will help gaining all solutions under one roof in an effective manner while bearing low costs.
5. Is the contractor licensed? Last but not the least, it is surely the king of all questions. Don’t rely on the answer of contractor. Do your research and only consult with licensed bookkeeping contractors. The licensing is a guarantee from the Australian Government that the particular contractor is capable of handling the bookkeeping matters in a professional manner. Don’t fall in the trap of unlicensed contractors even if they offer the most ridiculous package.

Franchise Business for Sale Opportunities Online

Shopping has never been as easy as it is today. In the old days, people were confined to the shops around their home, and not many choices were available, neither in the things they wanted to buy, nor in their prices. In the 21st century, this has dramatically changed. Technology not only makes it easier for people to move from one place to another in search of the exact things they want, but it is also allowing people to buy without moving from their home. And they can buy the things they want from any place. And receive them at home.
This is as true as it was shocking for people one decade ago, and as obvious for people used to buying online nowadays. Indeed, today most of the big shops have an online shopping service. This means that shopping is as easy at it is to look at the pictures of the things sold on the Internet, and click to pay for it with a credit card. And then, you only have to wait to receive the items at your home.
There is usually an obstacle to buy things from far away from your home through the Internet, thought. If you buy something within your country, there are no taxes other than the usual ones you find when you buy something in a shop, plus the delivery expenses. However, if you buy something from a shop in another country, you must pay the international taxes for importations. And these are sometimes high. For example, to buy some clothes from the United States to import to Spain for the value of 50 dollars, you might have to sum almost the half of this cost in taxes.
These taxes many times dissuade people from buying things internationally. Now: is this the way it should be? Should people have to pay elevated taxes to buy anything they need or want? In a world that is everyday more global and cosmopolite, should people have this obstacle in the commerce? Is not this a contradiction in the way technology is changing the world?
This is what it seems. It is in this context that “franchise business for sale opportunities online” comes into play. Franchising can be referred to as the art of selling the right to use an existing business’s successful model. The franchise is a very effective alternative to reduce the huge investments and liability involved in building a chain store. The supplier is known as franchisor who allows the franchisee, to use his business’s trademark and to distribute the firm’s goods. In return, the franchisee is required to pay the franchisor a small amount of fee.
Currently, there are many websites offering franchise business for sale opportunities online. Some of the more popular websites are:
 Franchise direct (
 (
 (
 Entrepreneur (
 (
 Franchise Solutions (
The most common businesses of this type are those on:
 electrical appliances, such as computers and mobile phones (to sell as well as to repair them),
 moving supplies,
 medical practices
 accounting practices (such as this one: accountant Sydney )
 tax preparation firms (such as tax return Sydney )
 cleaning services,
 sexual items (toys, videos, etc.), dating services, child care, food (restaurants, fast food, coffee, organic products, etc.), cleaning products, beauty products and services, services for animals and pets (food, supplies, etc.), and properties (construction, home building, estate agency, letting agency, property investment, refurbishment).
Franchise businesses for sale opportunities online are not only useful for people consuming, but also for people who invest in a business. The current economical crisis has caused many people loosing their jobs, and many other people earning less money than they deserve. Investing in a business can be the way to make a decent living. It can even be the way to make as much money as you want. It is also a very easy way of earning money, since you can manage it from your home, and you do not need to be dependant on the orders and requirements from any boss. Investing in a business is for many people the way to the freedom of the working chains, as well as the way of relaxing about their economical situation, when it is not as good as they wish.
Location List Price Monthyly payments
Sydney Inner West $27,940 2,000 Work Availability Guarantee from $770/week
Sydney North East $27,940 3000 Work Availability Guarantee from $770/week
North Shore & Eastern $27,940 4000 Work Availability Guarantee from $770/week
Sydney South West $27,940 4000-6000 Work Availability Guarantee from $770/week
Sydney North East $27,940 4000 Work Availability Guarantee from $770/week
This is an example of how one of these businesses works, extracted from :
Jim’s cleaning – Australia Largest Cleaning Franchise:
Everything is included in the purchase price
• Work Availability Guarantee from $660 up to $2200 per week
• Onroad training & theory training
• Uniforms & equipment
• Stationary and promotional material
• Access to discounted mobile pone plans, insurance and fleet discounts for vehicle purchases.
Both using a franchise service for sale opportunities online as a client and as an investor might seem difficult to some people. You maybe do not know were to start from. Because of this, most of the websites previously mentioned offer advice services, both to buyers and to sellers. For example, Franchise Direct offers consultant opportunities: , and Bussinesses for Sale offers many advices: .
Looking for information about franchise business for sale opportunities online is easy through the Internet and you might find it a solution for your economical situation, necessities and ambitions. Online business is a future of businesses in our era, and for this reason we encourage you to get informed about it. You will find websites on it in any language, although English, French and Spanish are the most common.
If you are looking to purchase an accounting and tax return preparation franchise business please contact Accountant Sydney for a expert support.

Step by Step instructions to buy a business

Step by Step instructions to buy a business
Business is an economic activity aimed to generate profit. Like every economic activity, even running and ongoing businesses are being sold and bought. The scales may be local or global. The reasons for sale or purchase of business entities may be numerous and varied.
It is wise to buy out a business rather than start it from scratch if you have some capital to invest and some experience with which you wish to venture on your own. This running business has its advantages – it has buyers, customers, employees, assets, goodwill etc. and you save a lot of time in setting this infrastructure. In all likelihood, the business will also have operating profits as well.
Most large business organizations, in the course of their diversification or expansion cycle, also prefer to buy out a business rather than start from scratch. It helps them hit the ground running. They have a set platform to start off and they modify the operations gradually to suit their way. They set new objectives, goals and targets. They evolve fresh strategies to run the business to fulfill the objectives.
The first and foremost factor essential before you venture to buy a business is to identify the business you wish to buy.
It is best to do a ruthless SWOT analysis [Strength, Weakness, Opportunities, Threats] of the business you wish to acquire. Importantly, analyse the reasons that attract you in that sector. Your skills, experience and interest must complement with the requirement of the successful operations of the acquired business in future.
The amount of money you have at your disposal to spend to buy a business will determine the size of the business you can acquire.
Typically you should have at least 40% of the amount ready with you before you venture to buy a business. The balance 60% amount of the negotiated purchase price may be financed from bank or lender(s). However, there are financial experts and advisors who suggest that you should have at least 10% value of the total price reserved with you for any contingencies which may arise during the taking over and running of the business after you acquire it. This will keep you free from stress and give you better maneuverability.
Targetting the business:
Once you have made up your mind on the sector and size of business you wish to buy, its location and price range; then start looking up for advertisements ‘Business for Sale’ in newspapers and trade magazines. Additionally, you can also put your ads ‘ wish to buy’ in the newspapers describing what you are looking. But do not restrict yourself to just these. You can make your own research and enquiries for businesses that you find attractive for your parameters. Using your contacts and networking skills, you can find out about them as well. Though these businesses may not be officially up for sale, but your offer may be appealing to them. You may hear from them as well.
You can also approach brokers who are specialized in this activity. They typically charge 5 to 10 percent of the total deal and mind you, it is worth it. These brokers will guide you in making your decision. The reputed brokers do not undertake work for those business up for sale who do not provide reliable information, financial or legal or provide incomplete disclosures. These brokers thus also help you in pre screening. In the case of large business acquisitions and mergers, there are specialized Mergers and Acquisitions (M & A) companies who do the same type of work for a price.
Research and Due-diligence:
Once you have an offer which is to your liking, do not get over excited about it. It is obvious for you to not to show excitement or haste in assessing the offer. A minute and detailed study of various financial statements, contract documents, assets, liabilities, receivables and payables etc. is necessary to ascertain the state of health of the business you wish to buy. Do not hesitate to ask for any detail or verification you need to satisfy yourself. It is important to go through the financial statements for the last five years as well as projected financial statements.
Make a list of top five or ten existing customers of the business presently. Also check for their length of association with the company. You can discreetly discover from them about their views about the company. Similarly, do the exercise for the top five suppliers of the company. This first hand review will give you a fair idea about the operations and work culture of the business.
It will be wise to find the opinion of the peer businesses or the competitors about the business. Any local issues must be enquired at site itself to understand the dynamics of the business. It is best to spend adequate amount of time and expertise in this stage. You make take help of Accountants and Attorneys who will give you a more qualified opinion on various financial, taxation and legal aspects of the business.
Valuation :
This is the most critical and unchartered territory of the whole deal where various factors are involved. The cost of landed properties, buildings, assets, inventories, market share, goodwill etc. are few of the important factors which determine the value of the business. It is ultimately the buyer’s understanding of the business which determines its price. However, one thing must be clear in buyer’s mind. It is the Return of Investment (ROI). If the ROI of your investment is low, then you should reconsider. The smaller businesses should necessarily have higher return compared to the large business acquisitions. One thing is important to remember here – do not be lured to buy a business at a higher price because you have already invested enough time, money or energy into it. There are other options available and the world does not end on this deal.
Structuring the deal :
Once the price is negotiated mutually, then the payment schedule is drawn. If it is Asset based deal, then you may make an upfront payment of 30 to 50% of the value and the balance payments shall be made in parts over an agreed period of time. In case of Stock option, you buy the stocks of the Company from its owner. This is an area which experts handle best. You have to make the final document which reflects your understanding and intent regarding the purchase from legal, financial and taxation viewpoint. The contract should allow you to rescind the deal if you find that the owner has intentionally misrepresented facts or concealed essential information.

Is Child Care business Profitable?

Today, everyone is busy and have lot of work to do. From morning 9 to evening 5 you have to work and then there are lot of commitments as well. Apart from that if you are running a business then forget about time at all because where it goes you will never know. A business gives birth to another business and it is actually well said. One such kind of example is a child care business. As we know that how much moms are busy today and why not they should be? Everyone wants to make their future secure and earn good reputation. This gives birth to child care business because corporate moms cannot afford wasting time sitting at home. They have lot of work to do but one cannot ignore their child as it is the best thing happened to them. If you are planning to opt for a child care business then I would say it is a good line of business where the growth and income is sure but it all depends on the service which you give because you are going to handle something which is everything for someone.
Now, you must be thinking that how to start a child care business. Initially if you are planning to do everything on your own then in that case it needs a huge investment to be made. Because for taking care of a child you have to take care of multiple things such as the location which is the most important thing because for a parent security of their child is the first concern, then comes the infrastructure.. After this quality plays a major role for which you have to be creative because keeping a child happy is the toughest job in the world and it is hundred percent true. Let us come to the main topic. There are various ways you can go for a child care business.
One we have already discussed which demands a huge investment or you can do the same on a small scale where you can start taking care of ten to fifteen kids on your own and gradually start growing your business. This is the most common way which initially people go for. But if you are doing it all alone then you have to take care of each and every single thing that is from food to taking care of hygiene and it can be anything because these are children and what is next you never know. It can make your day worst sometimes and can frustrate you. There is another way which generally beginners opt for and it is common in almost all line of businesses. Rather doing everything on your own you can hire a child care organization and can act as a middleman and trust me it is the best way to start your own child care business quickly. Because you will be acting as a consultant whose work will be arranging meeting between a parents with the organization which you have hired. In exchange you will get a good brokerage fee. By doing this gradually you will learn each and every aspect of the business and eventually can open your own. Patience is the key of everything and for this you have to be super patient. If you are going to hire someone to do so you have to be specific about the quality of service they are giving to their clients and that is how a business becomes successful.
For doing so, you have to take care of few things like promoting the business and a contact address where you can run your business. These days promoting a business is as simple as making a tea. Everything is online. You can get your business logo designed online and if we are looking for advertising our business, there are social networking website and many other online firms which help you do that. You can take help of a third party advertisement firm as well to do that but it will need more money. It depends on your budget. For office you should always select a location which is peaceful and cleanliness is the biggest factor which will be considered when you are talking about a child care business and that is what the business is all about, care.
Even if you give the best infrastructure and best price to your customers you have to be attentive and careful at all point of time because in front of you there is one of the toughest challenge and that is taking care of a child. Nothing is expected and the business never goes the way you think. It can be anything which you never thought of doing and you have to do that because it will affect your reputation if the child is not happy. It is very well said that making everyone sad is easy but making someone happy takes a lot and that is what it takes in this business. There is another way you can run your own well organized child care business from the beginning. Hire flyers, I mean to say hire people who can go to the door steps to take care of a child. This is the best practice I would suggest to follow if you are a beginner. And this doesn’t takes lot of investment.
In the end I would like to give few tips for those who want to make their career in child care business. Use an out of box marketing strategy, add your business name in an online directory, distribute marketing items with your business name, spread your network and develop a referral process. If possible write a script for anyone who answers the enquiry calls. There are other techniques as well which people use for the growth of their business that is hosting an event like a gaming event or a fancy dress event. It can be anything which attracts parents. Here you have to keep in mind that you are not attracting kids, you are attracting parents toward your business so think as a parent does. All the best.
Do not forget about the compliance side of the business and make sure your company tax return Sydney is lodge by Accountants Sydney.