Posts by Tracy James
Focus on Existing Clients – Not New Clients
When selling our services to clients we need to focus our attention, time and energy on our existing clients, not chasing new clients.
Read MoreEducating Clients on Tax Planning
Educating taxpayers on opportunities to personally save tax. This step involves no selling at all, and is strictly focused on client education.
Read MoreTax Planning vs Tax Avoidance
tax avoidance is the legal usage of the tax regime to reduce the amount of tax that is payable by means that are within the law
Read More10 Countries with No Income Taxes
10 countries with no income taxes including Bermuda, United Arab Emirates, Bahrain, Monaco, Qatar and Saudi Arabia.
Read More5 Additional Services Small Businesses Would like to Receive from Their Accountant
The NAB ‘Key insights into the Australian accounting industry’ report found that accountants are failing to provide the services their business clients demand. The survey found that small businesses would like their accountants to provide the following additional services 21% want advice on their business strategy. 20% would like advice on their financial future and…
Read MoreTop 10 Tax Policies of the Australian Labour Party
Subject to successfully negotiations with the Senate, these policies will become law. 49% top marginal tax rate for taxpayers with income greater than $180,000.
Read More7 Weird Tax Deductions
Chesty Love received a tax deduction for her size 56N breast implants as they were required for work purposes and deemed ‘unsuitable for everyday use’.
Read MoreEight Pets That Can Be Tax Deductible
A pet’s food, vet bills, bedding, cages, toys, etc, will be a tax-deductible business expense as the benefits of pets in the workplace are well documented.
Read MoreFinance Brokers Smashed by Banking Royal Commission
Since the Banking Royal Commission released its final report on 1st February 2019 finance brokers have not stopped crying. For Australia’s 16,000 finance brokers, the value of their business has fallen 50% – 75% and there are no buyers. No one wants to try and catch this falling knife. The Royal Commission recommended abolishing finance…
Read MoreProperty Values in Freefall
Home values have plunged by up to 25 per cent in real terms across five of Australia’s eight capital cities in the past decade.
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