Patrrick Rowan & Associates end of year tax tips 2016

Tax tips for Small Business Owners & Employees

Patrick Rowan & Associates is a CPA firm and as such, we have access to a wide range of resources from CPA Australia. CPA Australia has published an annual tax tips article including Tax Tips for Business Owners & Tax Tips for Employees. We think it’s worth a read. The article covers areas such as: Tax Tips for Small Business Owners Maximising depreciation deductions Tax cuts for SME’s from 1st July, 2016…

Read more

Record keeping for individuals- Australian Taxation Office

Keeping financial records for tax time needs to be easy. Here we give you smart tips for record keeping so you meet Australian Tax Office guidelines.

It’s that time of the year when you are probably busy gathering your year-end receipts and income and deduction information together to have your income tax return prepared.

Now is a good time to ask yourself, do I find this process easy? Do I have adequate systems in place throughout the year to make this process less stressful?

If the answer is no, then the start of the new financial year may be the perfect time to set some processes in place to make the next financial year ahead your best yet!

Here are some great ways to streamline your record keeping and take the stress out of the end of the financial year. And remember, you need to keep your records for five years!

Read more

Business Partnerships

The Secrets to having a Business Partner

Taking on a business partner for the first time or introducing a new partner into your existing business can be a big step. Suddenly, someone else’s opinions really need to be considered! Enterprise Geelong recently ran a Business Boot Camp Session with guest presenter Emma Welsh from Emma & Tom’s Food (and Juice).  Emma gave some valuable insights and advice on business partnerships. Emma and Tom have known each other since…

Read more