Build your financial security with OBT Financial Group – Lockyer Valley Business of the Year recipients and specialist financial advisers to individuals, business owners and farming families on accounting, tax, business advice and wealth planning for over 40 years.The $20,000 tax break for small and medium business has been popular, but it’s not guaranteed to survive the next Budget – so best get in now. In 2015 the federal government announced that it would put a $20,000 immediate tax deduction in place for… Read More >>
Archives for April 2017
Can you use your P&L Statement to minimise tax?
How do you use your Profit & Loss information to your advantage? The first insight you can gain from your Profit and Loss Statement begins by simply looking at the bottom line. Did you make a profit or a loss? Are you making enough? If… Read More >>
Year End Tax Planning for 2017
Year End Tax Planning for 2017 We are fast approaching the end of the financial year, and now is the time to review your financial position for the year to date. Over the coming weeks, you will have a once-off opportunity to review your taxation… Read More >>
What does scrapping 457 visas mean for small and medium business?
The Australian government has pledged to scrap the 457 visa entirely. What does this mean if you run a business which relies on them? Details will be fleshed out in coming weeks, but here’s what is known so far: Current 457 visa holders will not… Read More >>
How cash flow problems stifle business growth
5 ways to safeguard your business cash flow The survival of many small businesses depends largely on the ability to manage cash. Retailers may need to pay in advance for bulk purchases ahead of the holidays. Hospitality businesses need to make signage and equipment prominent to acquire… Read More >>
QLD Natural Disaster Relief and Recovery Help
QLD Personal Hardship Assistance Scheme activated This will provide hardship and distress assistance for families and individuals to help with emergency needs such as food, clothing and accommodation, essential repairs to damaged homes and the replacement of essential household contents. Counter-disaster operations and clean up… Read More >>
7 ways online accounting can improve cash flow
You can run a profitable business but, unless you have cash flow under control, the odds are against you. According to Dun and Bradstreet, 90 percent of small business failures are caused by poor cash flow management. Want to make sure you’re not just another… Read More >>
Do you have your tax debts under control?
From 1 July 2017, a new tax measure will come into play for small businesses, and we’re here to help prepare you for this tax change. Businesses that haven’t engaged with the Australian Taxation Office (ATO) to get their tax debts under control could have… Read More >>
The Secrets to Tax Planning
Would you like to learn the secrets to tax planning? Click here to have a brief look at how you can reduce your tax or read on. Let’s assume that you run a business in a company and you’ve made $100,000 profit and you’re going… Read More >>
