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Fringe Benefits Tax exemption for eligible Electric Vehicles
The electric car market in Australia is set to receive a major boost thanks to the recent passing...
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Benefits of a donation
Charitable donations are one of the great privileges of running a business. To be able to give back...
Buy now, pay later … benefits for your business
It is rare to step foot in a retail store or shop online without seeing an option to...
Business owner? Is your company using a Cloud accounting solution?
When it comes to managing a business, the ability to access financial data and a real-time view of...
Jobs growth rises, as sales slow for Australian small businesses
The Xero Small Business Index has released it’s latest data on the health of Australia’s small business economy...
Managing the construction demand, plan for the future
As demand for construction and housing remains at a record rate across WA, those in the industry are...
Booster grant for small business start ups
If you are a start up business or business owner in Western Australia, you may be eligible to...
Faster payment times & strong jobs growth caps off financial year
The Australian Index rose a record high 156 points in June, a result of faster payment times for...
Top tips for millennials starting a business
If you’re aged between 24 and 39 – you are in the millennial generation. Entrepreneurial, tech savvy and...
Super Guarantee increase: Has your business made the changes?
The Super Guarantee rate has now increased to 10.5% from 10%, effective from July 1st 2022. As a...
Cloud accounting for businesses in regional WA
A quarter of WA’s 220,000 plus small businesses are located outside of the Perth metropolitan area, providing essential...
Wage rise: What this means for business owners
Australia’s minimum wage will rise by 5.2% to $21.38 an hour come July 1st, giving a pay rise...
Grants for your small business
Did you know? There are over 700 active Government grants and programs available to businesses across Australia, with...
Aussie small business wage growth hits five-year high, while sales stall
Small businesses in Australia saw another month of improved performance with the latest Small Business Index rising in...
Aussie small business owners reveal “biggest concerns” ahead of upcoming election
Global small business platform Xero has revealed the biggest concerns of Australian small business owners in the lead...
2022-23 WA Budget
WA's budget announcement has revealed a $5.7 billion operating surplus for the state for the 2021-22 year, highlighting...
Tax time 2021-22: Tax Planning PART 3
The final in this three part series looks at the big picture tax strategies and what is coming...
Tax time 2021-22: Tax Planning PART 2
Part two of this three-part series explains temporary full expensing and superannuation strategies for the 2021-22 tax time....
Tax time 2021-22: Tax Planning PART 1
In this three-part series we will be reviewing tax planning and future longer-term strategies for your company as...
Director ID’s now mandatory
Director identification numbers (director ID's) are mandatory for all new company directors across Australia from today. In a...
Budget 2022: Breakdowns and the big wins
Small business owners, tax payers, new parents and apprentices are the big winners out of the 2022-23 budget...
$800 million small business recovery package: the breakdown
As part of the 2022-23 Budget, the Government has announced a package of measures to slash red tape...
WA Investment Attraction Fund opens
Expressions of interest are now open for the recently launched Investment Attraction Fund, designed to attract new investment...
Small Business Hardship Grant announced
A new COVID-19 Business Assistance Package has been announced for Western Australian small businesses. The Level 2 Small...
Rental relief for WA small business in new assistance package
A Tenant Rental Relief scheme is included in the new COVID-19 Business Assistance Package announced for Western Australian...
National sales growth slows as financial impact of Omicron spread revealed
Seasonal spending and an extended summer holidays could not save the financial damage the rapid spread of Omicron...
Temporary full expensing extended for small business as part of new bill
The Federal government has announced the extension of temporary deduction and tax incentives as part of a new...
WA Government announces $77 million Safe Transition Industry Support Package
The WA Government has launched a $77 million Safe Transition Industry Support Package to assist eligible businesses and...
Tips to help with your BAS during COVID
Like many small businesses that continue to be affected by COVID, you may be having trouble meeting your...
Accounting for e-commerce businesses
Is your business model one that strongly relies on e-commerce? As a direct impact of Covid-19 and the...
Managing your business cash flow
When managing your business cash flow, ask yourself: Does profit in business equate to successful cash flow management?...
Behind in your lodgment obligations?
The Australian Tax Office (ATO) has issued a reminder to businesses behind in their lodgments or payments –...
COVID-19 Business Update
As Western Australia braces to open its borders to the rest of the country, a close eye has...
Starting a new business in 2022?
A new year brings with it new opportunities – and this includes starting a new business venture. When...
New Year Accounting Resolutions for your business
The New Year is the perfect time to reflect on your business over the past 12 months and...
Government extends SME Recovery Loan Scheme
The Federal government has extended the SME Recovery Loan Scheme by a further six months, running through to...
Festive Shopping: Retailers set for busy in-store rush
A post lockdown festive shopping spree is gracing the shops across Australia as the country jumps off the...
Success at the 30 Under 30 Awards
Elevate Accounting Manager Damian Cocking has been recognised at the Accountants Daily 30 Under 30 Awards, winning the...
Modest “Bounceback” in small business as restrictions ease
October data has revealed an immediate effect of easing restrictions across Australia, with the Xero Small Business Index...
Regional accounting services for WA businesses
Local business is the heart and soul of regional WA, where deals are done on a handshake and...
Has your business fallen victim to invoice fraud?
Did you know? Almost one in five small businesses in Australia have fallen victim to invoice fraud. According...
Maximise profits this Christmas
The Australian Retailers Association has predicted a huge spend in the stores this Christmas, anticipating an 11.3% increase...
Covid 19 vaccinations – obligations and rights in the workplace
Australia continues to make major steps forward in re-opening our country and living the “new normal” way of...
Government sets Director ID deadline
Current company directors have until 30 November 2022 to apply for their Director identification number as part of...
Streamlining the sale of your business
The sale of a business can be a daunting and stressful time for any owner. Unlike many other...
Cryptocurrency – investment or personal asset?
Are you dabbling in Cryptocurrency? Or are you a serious investor? Either way, Cryptocurrency is treated as a...
Time to start re-contributing your super?
Did you withdraw a portion of your super as part of the Covid-19 early release super program? From...
WA bucks the trend in job growth for July
As Australia continues to reveal the signs of a Covid-19 impacted economy, WA small business bucked the trend,...
Spring Clean your business financials
Spring season has arrived and so has the perfect time to look at the business To Do list...
Building a business? Raise capital through Crowdfunding
Whether it’s a start-up business or an opportunity for expansion, Crowdfunding can be a successful and innovative form...
Business succession planning – the questions you need to ask
A business is one of the single largest investments we make in a lifetime. Over the years and...
Be “Business Ready” for a lockdown
With the continued uncertainty across Australia, lockdowns and border closures have become a common theme of our new...
Raising capital means selling the dream
With many small businesses the opportunity for growth and sustainability in the market is halted by the hand...
Cloud solutions streamline accounting for business
We often have heard the term “cloud”, or “cloud-based systems” referenced in the business space without much context...
Working from Home? Remember to keep your records
The ATO has been encouraged to look at reinstating the “working-from-home” temporary shortcut method (which ended on June...
Lifestyle assets in the ATO spotlight this tax time
Thinking the ATO won’t look at your new car or mega boat this tax time? Think again. The...
Was your WA small business affected by the last state lockdown?
You could be eligible for a Lockdown Assistance grant. The WA government has announced another round of financial...
Pandemic recovery on track for small business
May proved to be a month of growth for the small business sector, with job security, sales growth...
Success at the 2021 National Accounting Awards
The Elevate Accounting team has been recognised for its excellence across the entire accounting industry, taking out the...
The SME Recovery Loan Scheme
The Government’s SME Recovery Loan Scheme is expected to support the economic recovery and to provide continued assistance...
Business Event Grants
The Business Event Grants is a program that was established by the Australian Government and funded with an...
JobMaker Hiring Credit
The Australian Government has established the JobMaker Hiring Credit program with an allocated budget of $4 billion by...
Tax Incentives for Early Stage Investors
The Early Stage Innovation Company (“ESIC”) rules were introduced in July 2016 as a means of incentivizing investment...
Federal Budget 2020-2021
Last night, on 6 October 2020, The Australian Federal budget was released, Treasurer Josh Frydenberg says that this...
Demystifying the Business Sale Process
Homeowners know how to sell their house. Art collectors know how to sell their art. Business owner’s know...
Single Touch Payroll
Single Touch Payroll (“STP”) is a reporting change for employers. It starts from 1 July 2018 for employers with 20 or more...
Finalists in the Australian Accounting Awards
We are excited to share that Elevate Accounting has been shortlisted for the prestigious Accountants Daily Australian Accounting...
Protecting your IP
The life of an entrepreneur is tough. Amongst all the challenges in developing an idea, building a team,...
Don’t Assume all Businesses are Cash Flow Positive
It goes without saying that businesses need cash flow to survive. We would then assume that most businesses...
Managing Projects for Professional Services
We work with many businesses in the professional services sector – architects, builders, design agencies and consultants. A...
Profit on Construction Contracts
We work with a large number of construction businesses and we always find major variations in the treatment...
The Art of Tax Planning
The tax year ends on 30 June. Once this date has passed the tax outcome for the year...
Don’t process supplier invoices manually – it’s a waste of your time!
Businesses lose money every year in unclaimed expenses, such as misplaced receipts, but now you can stop these...
Passing the business to the kids sounds great, but it has its problems…
Multi-generational businesses are great news stories, however, they are few and far between. Passing a business down from...
The Valuation Multiple
Businesses are generally valued using the Future Maintainable Earnings approach, whereby the maintainable profit (EBITDA, EBIT, NPBT or...
The One Page Business Plan
Traditionally a business plan has been a lengthy and all-encompassing document. Though there is a place for comprehensive...
Customer Acquisition Costs – What is CAC?
The biggest challenge for start-ups, scale-ups or mature businesses is to find new customers. New customers inject fresh...
The Power of a Network
It is unfortunate that sometimes the best product doesn’t win. The old adage of “it’s not what you...
Managing Cash Flow When Times Are Tough
Many businesses experience periods of cash flow shortage. When times are difficult and cash flow is tight, businesses...
