What exactly are Entertainment Expenses?

What exactly are Entertainment Expenses?

Can you believe it? We're fast approaching the end of another calendar year, and you know what that means - Christmas is just around the corner! For those who know me, it's no secret that Christmas is one of my favourite holidays of the year. With the holiday season knocking on our doors and our office and other businesses gearing up for our Christmas festivities, my mind wanders to the realm of entertainment expenses. The assumption often prevails that if you're spending money in the name of business, it should be tax-deductible, right? Well, let's delve into the nuances of making your entertainment expenses work in your business's favour.

Outsourcing bookkeeping can be a lifeline for your pharmacy

Outsourcing bookkeeping can be a lifeline for your pharmacy

In this era of pharmacy, the challenges are evident. You’ve all felt the impact of THE recent industry event, which have ushered in an era of penny-pinching and cost-cutting. Pharmacies across Australia are tightening their wallets and exploring ways to manage their expenditures. Reduced working hours, optimisation of staffing, and various other cost-saving measures has become the order of the day. What we're seeing, though, is a common theme: the overflowing bucket of responsibilities that pharmacy owners already carry.

Tax Legislation Changes & Cash Flow

Tax Legislation Changes & Cash Flow

Tax legislation is forever changing. An important part of our client service is to ensure our pharmacy and small business owners are up to date on such changes, and that we implement the most tax effective strategies. The purpose of this blog is to highlight a few recent changes that may affect your business and overall family group taxes.