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Recently, two businesses I often visited went broke. Both had good locations, strong client bases, and were well-regarded in their communities. They were in the food industry, operating in different areas – Woolgoolga and Forster. Both had been trading for over ten...

The 2025 end of financial year (EOFY) may be done, but for many Gold Coast businesses, the financial pressure is just beginning. The Australian Taxation Office (ATO) is now shifting its focus from compliance reminders to active debt recovery, with thousands of small...

Learn how to Maximise Your Tax Return & Minimise Your Tax Bill As the 2025 financial year concludes on 30 June, it’s important for businesses and individuals to manage their tax affairs promptly. Whether you’re aiming to boost your tax refund or reduce...

Pricing is one of the most critical aspects of running a successful business, yet it’s often misunderstood. Many businesses on the Gold Coast undervalue their products or services, risking long-term viability. Most businesses think they might also lose clients if they...

Master Accounting in West Burleigh is here to provide taxation support with a personal touch, and we would love to help you!   At Master Accounting, we understand the unique needs of both businesses and individuals on the Gold Coast when it comes to accounting...

Simple Economics and Its Application to Australian Businesses Pricing is a critical aspect of any business, yet many business owners struggle to understand its full importance. Simple economics highlights that while price plays a significant role, consumers consider...

As the End of Financial Year (EOFY) in Australia rapidly ascends upon us, there are a series of crucial steps to ensure smooth tax filings and compliance. Don’t simply place your tax return into the “too hard basket”, when you could enjoy an End of...

Strategic Financial Solutions in Queensland As a resident of Queensland, navigating the intricate world of taxes amidst the ever-evolving financial climate can be daunting. However, nestled in the vibrant locales of Burleigh Heads and the Gold Coast, QLD, lies a...

In the dynamic landscape of business, it’s imperative to recognise and rectify the leaks that can hinder growth and profitability. Four key areas that demand attention are: Sales down by bad debts, Slow to reduce labor, Expenses too high and Tax bills that...

Is inflation under control? The Reserve Bank of Australia AND the Australian Government like to think so, and the general public also want it. But is this RBA goal achievable? The short answer is no. The politically correct one is yes. This means you need to show...

Plan or opportunity Based on skills and knowledge be patient they come along. Reevaluate business every 3 to 6 months make changes. Discuss accountant Action not meetings: Meeting ego driven and people don’t listen save the time. Encourage truth from Staff You want...

The Government bill: To ban all cash transactions above 10,000, making it a criminal offence to assist the ATO’s drive to get rid of the cash economy has effectively been sunk. Given the Virus and recession there wasn’t much appetite to pass it. It’s been delayed, but...

If not getting job keeper payments make sure you get to see your accountant a lot more people are getting it especially with the extra 7 alternate tests. It’s possible we might get double dip recession so it makes it hard business who doesn’t get it. Of course you...

Make no mistake best defense for downturn is review operation every 3 months look at all aspects. Marketing Pricing Operation Financial Personel Do forecasts be realistic if sales falling work on that don’t fool yourself. Excel is perfect tool. In business you get...

Look Job keeper 1 was easy they made job keeper 2 more difficult while some test are similar the 30 percent fall in turnover it applies to a tighter period range a three month block rather than any one of three months but on the positive it allows alternate tests...

Conditions are building for a perfect storm in business in Australia, although some risk exists. Conditions favoring small business at the moment are: Lowest interest rates ever business has possibly the lowest rates in a very long term making loans easier to pay...

I thought I would give everyone an update on Politics as i have seen a lot of articles on Australian politics to be honest with little substance and high in emotion. Firstly I have always followed Politics having done it at University so I’m well-read and ran a radio...

It might surprise everyone but trade between the two countries has increased dramatically… The last decade has seen a massive increase in two way investment. Export to US for goods were $13 Billion and $7 Billion for services, in 14/15 year. US is the biggest...

Tax laws favour two things in Australia: Dividend Imputation and Negative gearing Negative gearing is best applied to real estate so you have both working for you that is tax benefits and real property growth. It’s often said real estate doubles every 10 years but of...

Taxes fell in the GFC due to the collapse of many business worldwide. Prior to the GST Company’s paid 5% of GDP in taxes. Due to Globalisation and profit shifting this has fallen to 4.6% of GDP. The GFC clearly put pressure on business and its reaction was to shift...

As we all know the worlds competitive very, competition can come in lots of ways. To lessen the competition you need an edge. It puts you in a good position. Does your small business have an edge let’s look at it? Do you dominate a marketing area social media, point...

Small business is set to lose the benefit of a tax cuts to companies to Childcare following Shorten $3 Billion promise for families. This represents $1600 per child. Many small business have companies and these are the drivers of the current economy. Lower taxes...

Small business is set to lose badly due to not awarding the contract to Japan. The competitive tender process focused only on one thing sound in the tender process. No weight was given to Military alliance or economic benefit. Japan have been humiliated by the process...

Small business gains at the expense of Superannuation. The budget delivered by Treasurer Scott Morrison lacked spending cuts, but he looked to super to pay for tax cuts. Government over spending was put off for another day, which will give small businesses a kick and...