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Email: office@masteraccounting.net.au

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Inflation and Why You Should Raise Your Prices Now

Inflation and Why You Should Raise Your Prices Now

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...
How to succeed in business

How to succeed in business

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...
Ban all cash transactions above $10,000

Ban all cash transactions above $10,000

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...
Job keeper payments

Job keeper payments

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...
Review Review Review – best defense in downturn

Review Review Review – best defense in downturn

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...
Job Keeper 2.0 Changes

Job Keeper 2.0 Changes

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...

The Good Guy

Sadly of late it’s been brought to our attention of Competitors using fear and underhanded tactics to give you high accounting bill that you don’t need. They are: Charging large fees for access to online cloud accounting and clients being hit with a large end of year...

Regulation stopping small business

The Abbott government was the first government to reduce regulations for small business since the early Fraser Years. We have had 35 years of more regulations by the federal government. Little or any thought is given to reducing such. Although the Abbott government...