Author: Glenn Sharp

The question many people ask is should I go it alone….or should I hire a professional accountant to do it for me?  Most people who don’t work in the profession have a limited knowledge of tax, so whilst you will pay an accountant a small fee for doing your return, the return of your tax…

In the recent 2016-17 Victorian state budget there was one change to payroll tax that may positively impact a number of Victorian businesses. This was the increase in the threshold of Payroll tax from $550,000 to $650,000 progressively over the next 4 years. The payroll tax threshold has not changed since 2002 for Victoria.  How…

The new financial year will bring some new and very welcome tax breaks for small businesses. From July 1 the 1.5% reduction in tax handed down by the Treasurer in the May 2015 Federal Budget comes into effect for incorporated companies with an annual turnover of less than $2 million per annum. The new tax…