Author: Glenn Sharp

Depending on your income, the legislation passed by the Government in July will give Australian taxpayers an extra $255 to $1,080. So what does this mean for you? If you earned: Some examples A person earning: • $35,000 gets $255 back• $45,000 gets $855 back• $55,000 gets $1,080 back• $80,000 also gets $1,080 back• $100,000…

Sharp Accounting’s Glenn Sharp & Ewen Fletcher talk about why business succession planning is so important. You might not like to think about it, but one day you will inevitably need to leave your business. Whether it’s to retire, to move on to something else, a partnership dispute, or for health reasons, a succession (or…

Since being back from Christmas Break (which seems like an eternity ago now), I have been asked several times by clients and friends about buying an investment property and whether now is the “right time” to buy. I cannot remember a time when my response to this question hasn’t been that there is never the…

Sharp Accounting Ballarat is proud to announce that we are the 2018 Professional Services Awards winner for the ‘Best Accounting Firm for Private Clients’ Australia wide, which is backed by NAB. Judged by clients, these awards showcase the best small to medium firms. Each firm was rated on their Expertise, Reliability, Communication and Understanding of client needs,…

When we do our clients personal tax returns we’ll talk to them about their insurances and whether they’ve got life insurance and income protection insurance, TPD total permanent disability insurance etc.. We don’t sell insurance, we don’t any money out of it. We are just making sure that our clients have got themselves covered. We…

A lot of our clients will come to us with concerns around where they are heading in their life and what their retirement might be looking like. So although we don’t necessarily do a lot of financial planning ourselves, we do a lot of wealth creation advice for clients. We have a Ballarat financial planner…

Tax Planning is an opportunity to analyse the current financial year, project potential tax liabilities and discuss strategies moving forward. Further to this, Tax Planning is an opportunity to have a conversation about your goals and aspirations as both a business owner and personally. With your goals and aspirations in mind, tailored advice can be provided,…

If you’re interested in finding out what key changes are most likely to impact you, keep reading. Last week Scott Morrison presented the Turnbull Government’s 3rd budget. This budget is best described as ‘incremental’ and has a large focus on integrity measures and cuts to the individual tax paid by most Australians. Personal Income tax Business…

Hi I’m Glenn from Sharp Accounting and today we’ve got a really great question that we’re going to address: I’ve heard there are going to be changes around how wages and superannuation are going to be reported and paid – what does this mean? From the 1st of July 2018, large employers are going to…

Hi, I’m Glenn Sharp from Sharp Accounting and welcome to our ‘Ask Sharpy’ videos. Does property always go up in value? The common misconception is that property only ever increases in value. It doesn’t always go up in value. All we’ve got to do is go back to the GFC period to see the most…

Hi, I’m Glenn Sharp from Sharp Accounting and we’re back with ‘Ask Sharpy’. My business isn’t working for me, what should I do? The first thing that we would normally delve into with clients in this situation is to bring you back to the main reasons why you got into business.  Most people when they…

Hi, I’m Glenn Sharp from Sharp Accounting and welcome to our weekly ‘Ask Sharpy’ video. Why should I seek advice? When you’re in business, I use an analogy, similar to a football team. In a football team, the players don’t just run around and look after themselves, you’ve got a coaching team. Over the top…