Big Firm Accounting, Small Firm Personal Touch We are BME Accounting Ever since we opened our doors in 2014, we've had a grand vision of providing comprehensive accounting solutions to our clients. Accounting service that is without the high costs and hands off customer service big firms are known for.
Our clients call it the BME Accounting Experience Big Firm Accounting, Small Firm Personal Touch We are BME Accounting Ever since we opened our doors in 2014, we've had a grand vision of providing comprehensive accounting solutions to our clients. Stop worrying about BAS statements, Tax Returns and Payroll.
Our clients call it the BME Accounting Experience Big Firm Accounting, Small Firm Personal Touch We are BME Accounting Ever since we opened our doors in 2014, we've had a grand vision of providing comprehensive accounting solutions to our clients. Stop worrying about BAS statements, Tax Returns and Payroll.
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In Australia, we have a self-assessment taxation system, which means you are responsible for declaring all of your assessable income, including wages and salaries, bonuses, commission, allowances, business income and investment income (dividends, distributions, interest, rents, etc.) Any deductions or rebates claimed must be legitimate and you must be able to provide evidence if required.
Tax Minimisation is where you arrange your affairs in a manner acceptable to the Australian Tax Office (ATO) to reduce the amount of tax you are required to pay. You are entitled to use your investment activities to minimize the amount of tax you have to pay. You are also entitled to claim legitimate tax deductions to reduce your taxable income.
Many of our clients have, or are considering purchasing, one or more investment properties. Multiple strategies exist to help you minimise your tax and many are impacted by timing - getting the timing right is very important. Understanding Capital Gains Tax in this process is crucial. A capital gain or capital loss is the difference between what it cost you to get an asset and what you received when you disposed of it.
The recent bushfires across much of the country are a reminder that as well as the more obvious immediate devastation inflicted on people's property, these destructive events can also mean loss of income for many affected people - not only directly, but also in terms of damage done to workplaces, income-earning tools of trade, vehicles and essentials such as computers and other equipment.
Most people think 'tax time' is after the end of the financial year when you get your tax returns prepared. For the financially savvy, however, tax time is a few months before the end of financial year. Those who best (and legally!) minimize the amount of tax they pay understand that once the financial year ends, many of the options available to save tax, disappear.
