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.In any business there are three core activities that are very important to understand. And it’s not just about the activities themselves, but the numbers that sit behind them. Those activities are: Marketing Sales How you service and keep your customers If you think about… Read More >>
Archives for July 2017
How to use myDeductions on ATO’s App
Salary and wage earner tax tips ATO’s myDeductions makes it easier and more convenient to keep your tax deductions and income records all in one place. Individuals claiming general or employee work-related expenses can use the tool. Sole traders with simple affairs can also use it to… Read More >>
Your Blueprint to Business Success
Business Planning Your Blueprint to Business Success Running a business without a business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the process will surely be a death-defying one. A business plan is a step-by-step… Read More >>
Reasonable amount for domestic travel expenses for employee truck drivers
Under a new Tax Determination issued by the Commissioner of Taxation on 3 July 2017 the reasonable amount for travel expenses for food and drink for employee truck drivers who receive an allowance will be $55.30 per day effective from 1 July 2017. Previously this… Read More >>
Drought relief from electricity charges rebate scheme
The Drought Relief from Electricity Charges Scheme provides relief from supply charges on electricity accounts that are used to pump water for farm or irrigation purposes. Financial assistance is available in drought declared areas or if your property has been drought declared. You can apply… Read More >>
ATO expects tax-related scams to rise during tax time
The Australian Tax Office (ATO) has seen a five-fold increase in scams in the first five months of 2017 and expect that number to increase over tax time. Scam activity tends to build up around the end of the financial year as people, at times hurriedly and… Read More >>
Grow Your Business With Efficient Systems
Efficient Systems Create a Better Experience for Customers and You The business that leads in the race for customers is the business that has all its systems integrated and working smoothly together. A business that has an infallible billing system, acceptable customer service but has… Read More >>
