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04 Mar, 24

The Strategic Imperative: Why Value Takes Center Stage in Small Businesses

In the fast-paced landscape of small businesses, success is not solely determined by the product or service offered but by the intrinsic value a business brings to the table.

finance accounting concept business woman working desk using calculator x

26 Feb, 24

“Navigating Business Success: The Role of Stress-Free Bookkeeping”

In the dynamic world of business, entrepreneurs are often faced with a multitude of tasks that demand their attention. From managing operations to fostering growth, the challenges are endless. Amidst this hustle, the last thing a business owner needs is the burden of keeping their accounts up to date.

20 Feb, 24

Maximizing Retirement Savings by Selling Your Business: Leveraging CGT Concessions

Are you a small business owner contemplating retirement? Selling your business presents a unique opportunity to bolster your retirement savings. By strategically utilizing Capital Gains Tax (CGT) concessions, you can maximize contributions to your superannuation, ensuring a financially secure retirement. In this comprehensive guide, we'll delve into the intricacies of leveraging CGT concessions to supercharge your retirement savings.

12 Feb, 24

Navigating Tax Season: A Comprehensive Guide for Teachers and Education Professionals

As a dedicated teacher or education professional, managing your income, allowances, and deductions during tax season can be a complex task. To streamline this process, here’s a comprehensive guide to help you understand the ins and outs of your financial obligations and entitlements:

30 Jan, 24

What happens if you lodge your BAS late?

Late submission of your Business Activity Statement (BAS) can trigger penalties known as the failure to lodge on time (FTL) penalty, issued by the Australian Taxation Office (ATO).

16 Jan, 24

Must Do’s for Small Businesses: A Guide from an Accounting Perspective

Running a small business comes with its own set of challenges, and managing your finances effectively is crucial for long-term success.

10 Jan, 24

Lodging Your Final BAS – Key Dates and FAQs

As the fiscal year draws to a close, it is imperative for businesses to uphold their commitments, specifically in accurately and punctually lodging their business activity statements (BAS). At Accounts Nextgen, we recognize the significance of adhering to deadlines and delivering precise financial information. In this article, we will elucidate the crucial dates for BAS lodgment and address prevalent queries concerning errors and amendments.

08 Jan, 24

Fraud Prevention Alert for Bookkeeping Firms!

As trusted partners in managing your financial records, our bookkeeping firm is committed to ensuring the utmost integrity and security of your financial data. In today's complex business environment, the threat of fraud is a pervasive concern that requires constant vigilance. This article serves as a fraud prevention alert for our valued clients, offering insights and practical tips to safeguard your financial information.

05 Jan, 24

Data Center Market is Expected to Grow at a CAGR of 26% From 2024 to 2030

Data Center Market

07 Nov, 23

RBA hikes interest rate to a 12-year high of 4.35% in November

The Reserve Bank of Australia (RBA) board members decided to raise the Official Cash Rate (OCR) from 4.10% to 4.35%, following the conclusion of the November monetary policy meeting on Tuesday. The RBA’s ninth governor, Michele Bullock, presented the monetary policy statement, with the key highlights noted below. Board remains resolute in its determination to return inflation to target.