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Helping you reduce tax, protect your interests, and grow your income as professional business advisors and accountants.
Taggart Tip #4 – Have the Confidence to Make the Decisions Right for You
Transcript “G’day it’s a super Tuesday and I’m here in Logan Road Woolloongabba, surrounded by a multitude of small businesses and it’s time for another Taggart Tip. What I’ve noticed is that small businesses rely on confidence to maintain their momentum. Elections come and go; prime ministers come and go. And I know, that I
UPDATE ON EMPLOYMENT LAWS
The start of the new financial year has brought about some important changes to employment laws. All employers have a responsibility to remain up to date and aware of any amendments made to employment laws, to ensure that they remain compliant and continue to meet their obligations. Below are four important changes that took effect
BE CAREFUL OF AUTOMATIC RENEWALS IN CONTRACTS
Businesses should remain vigilant when entering contracts that contain automatic contract renewal clauses. An automatic renewal clause can lock a business into an unsatisfactory service arrangement. Any attempt to terminate the agreement during a renewed term can make the business liable to a claim for damages for breach of contract. For purchasers, the termination can
Taggart Tip #3 – Is Your Business Running You, or Are You Running Your Business?
Transcript “G’day, it’s time for another Taggart tip. Do you remember what it was like when you first got into business? The reason why you got into business? Is your business running you? Or are you running your business? Which way around is it? Do you still have time to do the fun things in
ATO FOCUSES ON RENTAL PROPERTY DEDUCTIONS
This tax season will see rental property deduction changes as the ATO specifically targets extreme or inappropriate rental deductions made by rental property owners. While it is not uncommon to make some mistakes when claiming rental deductions, it is necessary for taxpayers with rental property interests to get their deductions and expense claims right to
Taggart Tip #2 – Don’t Spend a Dollar to Save 30c
Transcript “G’day, it’s time for another Taggart tip. A lot of my clients actually ask me, whether or not they should spend money on buying a new car or buying some more stock or something like that. The short answer is: if you need it, buy it. Let’s assume the tax rate’s 30%. My tip