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.What you can do to ensure that, when the work stops, the benefits do not The birth or adoption of a child can be a wonderfully life-changing time in someone’s life. With parental responsibility comes a potential change in finances for the growing household. As… Read More >>
Archives for February 2019
Goals, Strategy and Plans
Goals, Strategy and Plans: The Vital Fuel for Business Many businesses (and certainly many of our clients) find themselves busy with the day-to-day selling, paying bills, marketing, hiring and firing, talking to the bank, managing the office and so on. They know they should plan… Read More >>
Depreciation explained
Depreciation affects your bottom line, your tax bill, and the value of your business. Those are three good reasons to learn what depreciation is and how it works. Here are the basics.
Transition to Single Touch Payroll for small employers
Statement from Tax Commissioner Chris Jordan about transition to Single Touch Payroll for small employers Parliament has now passed legislation to extend Single Touch Payroll (STP) reporting to include all small employers (those with fewer than 20 employees) from 1 July 2019. STP is pay day reporting… Read More >>
Tax + Wealth in 2019
Thoughts for the year ahead There are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election. Individuals could be affected by: Losing franking credit refunds to their Self-Managed Super Funds and to themselves Paying… Read More >>
Cash vs accrual accounting
You’ve heard people talk about cash versus accrual accounting, but what is it all about? And why does accrual get all the glory? We take you through the basics.
Home office expenses
Expenses you can claim If you’re an employee who regularly works from home, you may be able to claim a deduction for expenses relating to that work. These are generally home office running expenses, and phone and internet expenses. In limited circumstances you may also… Read More >>
Accounts receivable success
What is accounts receivable and where can it go wrong? What is accounts receivable (or trade debtors)? Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable – until it’s paid. Accounts… Read More >>
