Author: Glenn Sharp

In our recent video podcast with the Ambitious Accountant I speak about how you should be working to make yourself redundant over time. While it may seem counter-intuitive, discover what I mean by ‘making yourself redundant’ and why it’s important to build systems and processes into your business, so that your business can GROW!

Now that the Job Keeper program has been going for over a month (we are into the fifth Job Keeper fortnight), the details have become much clearer. Our video update (below) answers many of the common questions. If you have any further questions please get in touch below.

There has never been a more important time to plan and minimise tax. Tax Planning has a bit of mystique around it. But what does it really mean? Tax Planning is the concept of understanding your current tax position, how much tax would be owing at the end of the financial year if we do…

This is one of the most common questions being asked right now. Bills are coming in, you have lost your job or have been put onto Job Keeper, so how are you supposed to get through this crisis period? Figures from the Australian Tax Office (ATO) suggest that almost 500,000 Australians dipped into their Superannuation…

We’re lucky enough to work with hundreds of small businesses across Victoria, so we have seen a lot in terms of business performance and lack thereof. If you feel your business has become a little humdrum, here are a few tips to shake up and shape up your business. Review your business finances with a…

A business failure doesn’t have to mean the end of the world. A failure might actually be the beginning of a much stronger and more resilient business. Here are the things you should consider and take away from a business failure. The blame game It can be hard not to blame others, or extenuating circumstances…

Did you get an unexpectedly large tax bill? Don’t get caught out again. With good tax planning, you can defer some of your income to a later year, or accelerate planned expenditure to reduce your current year’s tax. You have the right to arrange your financial affairs to keep your tax to a minimum –…

If you feel like your business is getting you down and you’re just wanting to keep up with the Joneses, ask yourself why you got into business in the first place.

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,…