COVID: so... you're a sole trader?

Apr 01, 2020

***as at 1 April 2020***

It is a big, scary, confusing world out there normally, let alone today, and when we work for ourselves it can feel all that more alone. But, rest assured, we're all this shit boat together sailing the choppy seas... and I am right here with you and I have been trained to...

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COVID: but what about after this is all 'over'?

Apr 01, 2020

Are we there yet?

Nope, sorry my friends. We're at the start of the journey now and yes, there is a long road ahead. I think this COVID stuff is going to impact every human, it is just a question of when and to what extent. I encourage you to be sensitive to one another through this - we're all...

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COVID: emotional and financial survival guide

Apr 01, 2020

Keep Busy (or not)

Here are some of the things I have been doing through my first 15 days of COVID self-imposed isolation, that have kept me sane:

  • Rest - you are on a pretty extreme emotional journey right now and your mind and your heart might need a break. Take it, guilt free. You will be more...
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COVID: where do I even start?

Apr 01, 2020

In times of uncertainty it can feel impossible to find a way forward.

I know personally I have been on an emotional journey since that first announcement of the cancellation of Melbourne International Comedy Festival. A lot of my friends, and of course my clients, were affected by this decision...

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Pay As You Go Withholding

Apr 01, 2020

PAYG-W

PAYG-W stands for Pay As You Go Withholding. These are tax amounts that the employer withholds from their employees' salary and wages, to then be paid to the ATO on their behalf. Businesses also withhold money from contractors who might have voluntary agreements in place and...

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Pay As You Go Instalments

Mar 31, 2020

PAYG-I

PAYG-I stands for Pay As You Go Instalments. They are like instalment or pre payments the ATO kind of make you pay towards your end of year income tax debt. 

We like these because they help us (force us) to put money aside for tax. Instead of it sitting in our bank, teasing us...

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What Expenses Can I Deduct For Tax (Individuals)

Apr 22, 2019

This is the juicy stuff!

The number one question accountants get is:

“how do I reduce the tax I pay?”

Now that question is a little counter intuitive if you ask me, because if you make more money you pay more tax – so to me, more tax is a good sign!

BUT what we don't want you...

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Save me the money!!!

Mar 18, 2019

#1 Questions I get asked: What can I deduct for tax?

This blog is going to answer that question for those of you running small companies. Fortunately for you, the tax office is pretty forgiving, so majority of the expenses you incur in running your business can be deducted for tax.

This includes...

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What Business Structure is Best: Sole Trader, Partnership, Trust & Company

Feb 18, 2019

So you’re looking to get started with a business, or maybe you are already underway – congratulations (you’ve already made it further than most). Are you a sole trader? Do you have a trust? Maybe you want to start a company? Or a partnership?

No idea what the difference is? No...

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WEEK 23: Where did the time go!?

Jan 24, 2019

Not sure if you noticed, but we skipped a few weeks... You can check out my last blog here.

I have been absolutely flat out with work, which has been great but it has meant that I haven't been as focused on building my business, writing blogs, facebook advertising etc. The results? Lower lead...

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