The Bottom Line Business Advisory
Where your business grows
The Bottom Line Business Advisory Pty. Ltd.
is a CPA Practice
8 ways to grow your business this year…
Are you a business owner? Here’s 8 ways to grow your business this year! Connect with a Business Adviser: Seek advice, solve problems, and explore growth opportunities. Attend Business Events and Workshops: Enhance your knowledge and network with other businesses. Explore Grants and Programs: Government grants can support research, expansion, and improvement. Consider Business Structure … Continue reading 8 ways to grow your business this year…
Understanding the 2024 Tax Cuts: Cost-of-Living Relief
The Australian government has taken significant steps to provide cost-of-living relief through tax cuts for all taxpayers. Starting from July 1, 2024, these changes aim to ease the financial burden and enhance economic well-being. Let’s delve into the details: Reduced Tax Rates: The 19% tax rate will be reduced to 16%. The 32.5% tax rate … Continue reading Understanding the 2024 Tax Cuts: Cost-of-Living Relief
Three steps to track and improve your spending habits…
Track Your Spending and Expenses: Begin by getting a clear view of where your money is going day-to-day. Choose how long to track: For daily spending, track for at least one week. This helps you see all the money going out. For recurring expenses, consider a fortnightly or monthly tracking period. This provides a more … Continue reading Three steps to track and improve your spending habits…
Attention young adults, get your tax return sorted from just $49!
Are you under 21 years old and wondering how to navigate the world of taxes? Look no further! At The Bottom Line, we’ve got an exclusive offer just for you. What’s the Deal? If you’re a minor (under 18 years old) or a young adult (18 to 21 years old), we’ve tailored a special tax … Continue reading Attention young adults, get your tax return sorted from just $49!
Its time for Fringe Benefits Tax!
FBT Basics: If you’re an employer offering staff perks, it’s time to deal with fringe benefits tax (FBT). FBT applies to benefits provided to employees in addition to their salary and wages. Examples of perks that could attract FBT include work cars for private use, gym memberships, or event tickets. Steps for FBT Reporting: Identify … Continue reading Its time for Fringe Benefits Tax!
Small business benchmarks to help improve your business…
The 2021–22 small business benchmarks allow you to compare your business’s performance against similar businesses in the same industry. These benchmarks help you assess your business turnover and expenses. Let’s take an example: Deb, a sole trader running a pizza shop, wants to track her business’s performance compared to other pizza shop businesses. She downloads … Continue reading Small business benchmarks to help improve your business…
Training your employees? You may be able to save on tax with this boost…
Small businesses with an aggregated annual turnover of less than $50 million are eligible for the small business skills and training boost… Boost Details: The boost provides an additional 20% bonus tax deduction for eligible expenditure incurred on training new and existing employees. You can claim this deduction for external training courses delivered to your … Continue reading Training your employees? You may be able to save on tax with this boost…
Small businesses, save by paying your tax on time!
Importance of Timely Tax Payments: Meeting your tax obligations in full and on time helps you avoid unnecessary interest (currently at 11.38%) and penalties. Paying your taxes promptly is essential for maintaining good financial health for your business. Tips to Smooth Out Cash Flow and Ensure Timely Payments: Set up a separate bank account for … Continue reading Small businesses, save by paying your tax on time!
Grow your SME in 2024…
Small and medium-sized businesses (SMEs) have weathered the storm in recent years, but economic conditions are expected to get tougher in 2024. Here are the key challenges SMEs may face and strategies to overcome them: Economic Growth Slowdown: ANZ predicts Australia’s economy will slow down in 2024, with modest movements in inflation and interest rates. … Continue reading Grow your SME in 2024…
Business planning
A business plan is a crucial tool for any business, especially if you’re starting a new venture. Let’s break down the key points: What Is a Business Plan? A business plan is a document that outlines your business’s goals, strategies, and overall functioning. It includes essential information such as organizational structure, key staff, and details … Continue reading Business planning
