TRADIES TAX BLOG
Contractor or Employee – The Importance of Knowing the Difference
As a trades business owner, should your staff be contractors or employees? There are many factors to assess when it comes to this, and it is the business owner’s responsibility to get it right. Tradies Tax is here to help you decipher this. Something many business...
Upsizing or Downsizing Your Business? Tradies Tax Can Help with the Forecasting.
Are you looking to either scale up or downsize your trades business? Tradies Tax can help you review your existing business plan, run scenarios and forecasts, and look at the most appropriate strategy for your business’s future. The post-Covid, globalised economy has...
The Importance of Understanding Depreciation
Are you claiming as much for depreciation as you could be? Don’t miss out! Depreciation is a fundamental aspect of a business, as it has the ability to affect its bottom line, tax bill and value; therefore, it is important to understand how it works. Tradies Tax can...
Choosing the Right Apps for Your Business – Using Xero
Want to create the perfect app stack for your business? Tradies Tax is here to help you navigate the Xero App Store, to create a perfectly connected and integrated Xero system for your trades business. Software technology has evolved massively in the past decade,...
How Good is Your After-Sales Service?
Looking after the clients you have already sold to will not only increase their satisfaction levels, but also makes them more likely to utilise your services again and bring you more clients by referral. Does your after-sales service need a polish? Tradies Tax can...
ATTENTION QBCC LICENCE HOLDERS – End of Financial Year and QBCC Financial Reporting
As the EOFY approaches, if you hold a QBCC license, it is important to ensure you conform with QBCC regulatory compliance and financial reporting requirements. The Queensland Building and Construction Commission (QBCC) upholds regulatory compliance and...
Reduce Debtor Days and Improve Cash Flow
As a trade business owner; how long do your clients take to pay you? Understanding the average number of days it takes to get paid is vital business information for cash flow planning, especially in tough times. Tradies Tax can help with this. Managing the gap...
Why You Should Look At Your Financial Reports
Tradies Tax is here to give you 6 reasons why it is important you review your financial reports, to help attain trades business success. Making time to look over your financial reports each month is an important task for any business owner, including...
Trade Business Owners – Should You Buy Or Lease Your Business Assets?
Tradies Tax can review your current financial position, cash flow and cost base to decide whether buying or leasing is best for your trades business. There are certain items of equipment, machinery and hardware that are essential to the operation of a...
Is Your Trades Business Yet To Lodge Its Taxable Payments Annual Report For 2019/2020?
Tradies Tax can help! The Australian Taxation Office has discovered 280,000 businesses yet to lodge their Taxable Payments Annual Report for 2019/2020. A reminder has been sent out to businesses who have failed to lodge a Taxable Payments...
