Melbourne Advisory Services

01/11/2024

Happy Diwali & Bandi Chor Diwas to you and your family

09/12/2023

The caption says it all... It all begins with an idea... It grows into something... What happens next is determined by who/what advice you get...

#2023

23/11/2023

Bookkeeping
BAS/PAYG/Payroll
Accounts Prep
Individual & Business Preparation of Tax Returns
Corporate Secretarial
Business Plans
Business Health Checks

26/09/2023

It would seem this is on the radar now:

https://fb.watch/nh_QR72XLH/?mibextid=NnVzG8

20/09/2023

As we approach the end of the year, it is essential for businesses to prioritize health checks for several reasons. Firstly, conducting a comprehensive review of your business's performance allows you to identify areas that need improvement and make necessary adjustments before the start of a new year. This helps you set realistic goals and strategies for the future.

Secondly, business health checks enable you to assess your financial position. By analyzing your financial statements, cash flow, and profitability, you can gain insights into the financial health of your business. This information is crucial for making informed decisions about investments, cost control, and budget planning.

Additionally, conducting health checks allows you to evaluate your business processes and operational efficiency. This includes reviewing your workflow, identifying bottlenecks, and exploring opportunities for automation or streamlining. By optimizing your operations, you can enhance productivity, reduce costs, and improve customer satisfaction.

Lastly, business health checks help you stay compliant with regulations and legal requirements. By reviewing your documentation, licenses, permits, and contracts, you can ensure that your business is operating within the confines of the law. This minimizes the risk of penalties or legal complications that could negatively impact your business.

By investing time and effort into evaluating and improving these aspects, you can position your business for success in the coming year.


#2023

30/07/2023

Here's some of our tips:

1. Set clear goals

2. Find your "why"

3. Create a positive environment

4. Stay organized

5. Celebrate small victories

6. Stay inspired

7. Find support

8. Take care of yourself

9. Keep learning and growing

#2023

28/06/2023

If this is you, I urge you to book an appointment to discuss.

Properties sold at a loss increased in the March quarter with almost one in six units offloaded for less than the owner paid, data group CoreLogic said. As owners eyed the rising cost of servicing their debts, the national proportion of resales with a nominal profit sank to 92.3% in the January-Marc...

26/06/2023

Continuing on with the basics of different tax structures. Today we discuss partnerships. Simple, purposeful and effective depending on your circumstances.

#2023 #3064

24/06/2023

https://www.afr.com/wealth/personal-finance/three-family-trust-ploys-the-ato-is-targeting-in-1b-crackdown-20230609-p5dfgr?fb_news_token=yXe%2Fe2BF%2BN%2FPuAcOUCxTQw%3D%3D.VJNnPgEolfofeGKDvubUd6aYS4p5pGGA417SD%2FPXMLslTOu0OuJnn8wQ7F0D8%2BVTDdLH7mM81puFwBVePs5Fj0h2W9vM3AuBqvNJil6fDmTQ17KN6SHxqAfv7uKFuV0pomd%2BFmxT%2BIGE0HHTlNLcaWkXqzIxmZdpaAU3D0twxc9GElNErSvllqQOw2TOCEWMmN9Qq2KzB6A7ORzf5loZMTDqGcptuEI1ZmI2KZBrTuZvGENPMc4ivUGkWqwTvQ54DUy2TfbPRrRoknCAu3tyOUdQ4f%2FJ%2B22VOo4Xx0tksqglPLfONQv65dt1BA0PtYEML7cYstT2GVsEi30raeBICQ%3D%3D

It's worth a read for ambitious and risk takers.

Under fire are deals to disguise profits as losses, overseas tax scams and trustees playing fast and loose with the rules.

18/06/2023

We generally get asked about different structures and their benefits. This is not an extensive post on Company Setup nor does it pertain to any particular situation, it's merely a representation of some of the benefits of corporatising at it's very basic level. Your situation may need a lot more thought and consideration as well as adding on additional structural imputations to determine your needs.

#2023 #3064