Business Management

Website Expenditure and Tax

Nearly all businesses will have an online presence, indeed a website is increasingly considered to be an ordinary business requirement.   We take a look at when is this expenditure deductible and when the tax deductions need to be spread over several years. Generally, acquiring or developing a website, even if the website is very [...]

Website Expenditure and Tax2022-09-12T13:56:19+10:00

Key Changes from July 1 2022

As we take on the new financial year, we're here to recap the new and continuing measures to keep front of mind as we roll into the new year. Key Changes for Individuals COVID-19 Tests - deductions are available for testing kits purchased for work-related purposes. E.g. if you had to take a test to [...]

Key Changes from July 1 20222022-08-03T11:35:59+10:00

Budgets with Hoffman Kelly

A business without a budget is a business without a plan or direction. What is a Budget? Every business, regardless of headcount, turnover, or industry, will benefit from setting a budget. A budget provides a plan and an understanding of the impact of changes to a business which in turn allows for business owners to [...]

Budgets with Hoffman Kelly2022-06-29T09:54:59+10:00

Tax Ready with #HoffmanKelly:  Extension of the temporary full expensing (TFE) of depreciating assets

Everyone knows the secret to any good tax time is planning. At Hoffman Kelly, we’ve got all the tips on how you can make this tax time a smooth experience. Our third instalment of ‘Tax Ready with Hoffman Kelly’ is all about assets. More specifically, the Temporary Full Expensing (TFE) of depreciating assets. The TFE [...]

Tax Ready with #HoffmanKelly:  Extension of the temporary full expensing (TFE) of depreciating assets2022-05-12T11:25:57+10:00

How To Achieve Your 2022 New Year Resolutions

Over the past couple of years, business owners were forced to master extra survival skills to endure the challenges brought by COVID-19. Resilience and adaptability were crucial to navigate commercial, social and economic consequences of lockdowns and social distance restrictions. Now, what do you do with all those extra abilities? These new competencies acquired can [...]

How To Achieve Your 2022 New Year Resolutions2022-02-18T13:31:15+10:00

Queensland Stamp Duty Relief for Small Business Restructures

Eligible small businesses can now restructure from trading discretionary trusts to trading companies and are now able to access a stamp duty exemption in Queensland. The relief granted by the new legislation allows flexibility for businesses with less than $5 million turnover to assist management of current or expected compliance issues. Trust structures are useful [...]

Queensland Stamp Duty Relief for Small Business Restructures2021-11-22T13:01:12+10:00

Cash Flow Help for Small Businesses

Cash flow is key for any business.  Without cash, an otherwise successful business will crash and burn.  All businesses need to be able to identify and understand their cash flow and improve it by measuring and forecastingfuture cash flow.  One of the key business advisory services that a business should get from their advisor is [...]

Cash Flow Help for Small Businesses2021-07-21T13:37:59+10:00

Get your Business Finances in Check for 2021 – Here’s How

2020 was a really tough year with plenty of speed bumps, but now is the time to move forward and lay the financial groundwork for a better 2021. Reconsidering business plans that have been affected during such uncertain times is crucial for business growth and to help cash flow. To make it happen, the number [...]

Get your Business Finances in Check for 2021 – Here’s How2021-02-19T10:26:02+10:00

Why Regular Training & Professional Development is Important for Your Business

Without a shadow of a doubt, to retain good staff, every business advisory firm will suggest providing training and professional advancement so employees can succeed in their jobs. Hoffman Kelly, one of the best business advisory and consulting firms in Brisbane and the surrounding area, offers the ultimate in services, including staff development. If employees [...]

Why Regular Training & Professional Development is Important for Your Business2021-02-19T10:23:52+10:00
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