In most cases, a home based business owner can claim all of the deductions that other small-business owners can, but they also get access to unique deductions.
Close to one million businesses in Australia are home based – a significant portion of the nation’s business community. In this feature we look at deductions home based business owners may be able to claim.
The Federal Budget has been and gone for 2016 and as we knew, it was going to be an “election” budget. Purposeful is the term I used to describe it and in my opinion its a shame that a budget will pass by for another year without there being any major benefit for anyone. So much could have been done to assist small business but alas, an extension of accelerated depreciation was all that medium businesses got. Nothing further for small businesses.
So it goes without saying that the highlight for me was being part of an expert panel on the morning after the budget to discuss what ‘could have been’. The panel included
The next phase of the accounting industry — where accountants become true advisers to their clients and not just data hoarders — is very much underway.
But it’s often difficult to know exactly where to start, and what changes to make to help that transition. Having made that change myself in recent years, with a practice of 150+ business clients and growing, here are some practical tips for any firms looking to fundamentally change the way they approach advice.
Let the technology do the heavy lifting
Continue reading “6 practical steps to introduce advisory services in your firm”
On April 18th, I had the honour of delivering the Occasional Address for Commerce and Marketing students at Macquarie Uni’s graduation ceremony. It was the second time I had the great privilege to do so, and it is just as humbling second time around.
Under the video is a full transcript of my speech, as it is actually a little bit of a checklist on how to set yourself up for success in whatever you do and the principles I have followed
Here is the recording of the address
Continue reading “Privileged to welcome (again) our next group of business leaders into the fold”
In this Xero Now session I talked about operating my accounting firm Aptus (and previously EFS) in the cloud and the benefits it presented !
https://www.xero.com/au/xero-now/march-2016/
People buy from people and as the old saying goes: it’s not what you know, it’s who you know.
This has never been more the case than in the world of small business, where ongoing relationships with your customers and suppliers are often critical to the success of a business.
Knowing who your customers are and what business they’ve conducted with you is the starting point in a long-term relationship; by better understanding your customers, you can do more business with them.
Continue reading “Five ways to manage your contacts to drive more business”
Following the February Roadshow in Sydney, my thoughts on the changes in the industry were captured in an Article on Accountants Daily….
Accounting firms should adopt a value-based pricing model in response to the new era of accounting, where technology is driving greater efficiencies in compliance work, says Xero’s head of accounting, James Solomons.
Speaking at the Xero Roadshow in Sydney recently, Mr Solomons, who is also director of Sydney-firm Aptus Accounting and Advisory, told attendees that time savings achieved through the use of modern technology shouldn’t equate to lower pricing.
Continue reading “Accountants need to embrace Value Pricing…”
James Solomons