Post Type: Article

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,…

The majority of the time, a small business is run by a couple – usually with one out doing the work, and the other helping in the background. This is all well and good while the business is starting up, but when growth occurs, we often see the ‘behind the scenes’ workload getting more and…

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,…

Did you know that around $18 billion dollars is sitting in 6.3 million lost super accounts? If you’re one of the many Aussies with one or more lost accounts then you better act quickly. “The federal government has changed the super rules, which means that your ‘lost’ super account could be transferred to the ATO…

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…