Sadly, when it comes to achieving growth and profit, too many Psychologies Clinic make simple mistakes which cost them dearly. If you’re not careful, you could follow in their footsteps and end up falling well short of your goal. But don’t worry – we’re here to help. We’ve put together a list of the 5 …
The 5 Most Common Mistakes Made By Psychology Clinics And How You Can Easily Avoid Them Read More »
Imagine waking up each morning, excited and motivated to grow your Allied health business, knowing that every decision you make contributes to your financial success. For many business owners like Jason, turning over $500,000 in revenue, this dream seemed distant amid the challenges of managing finances effectively. Jason had a clear vision for his business …
Maximising Profits: Financial Strategies for Allied Health Businesses Read More »
Introduction When it comes to acquiring or selling a business in Australia, one of the most critical decisions to make is whether to opt for an asset purchase or a share purchase. Each method has its own set of advantages and disadvantages, and the choice you make can significantly impact the outcome of the transaction. …
Asset vs. Share Purchase in Australia: Making Informed Business Decisions Read More »
Financial literacy is often considered one of the most critical life skills, yet it remains an area where many individuals fall short. It encompasses the knowledge and understanding of various financial concepts, including budgeting, saving, investing, and managing debt. In an increasingly complex financial world, the importance of financial literacy cannot be overstated. In this …
The Importance of Financial Literacy: A Path to Financial Freedom Read More »
Investors and small businesses often turn to negative gearing as a means of increasing their profits or reducing their tax burden. However, it may not be suitable for everyone. Negative gearing involves taking out a loan to buy an income-producing asset, and the interest payments on that loan can be used as a tax deduction. …
Why Negative Gearing may not be suitable for you. Read More »
90% of the Psychologist Practices who came to us had the whole relationship between the Clinic and sub-contractor written contracts wrongly worded. And 95% of the contractors were wrongly claiming GST when they should have been paying GST. Recent High Court decisions in CFMMEU v Personnel Contracting Pty Ltd [2022] HCA 1 and ZG Operations …
Accountants can be a little scary, let’s face it. They talk about balance sheets, P&L, accounts receivable and payable, capital, assets… It can often feel like they are speaking another language. But here are a few questions you should ask your accountant, and keep asking until you fully understand the answers. It’s not all the …
Questions to ask your accountant – where do I start, right? Read More »
What is TRUST? Trusts are widely used for Investment and business purposes. A trust is not a separate legal entity, as is a company. Rather, a trust is a legal relationship that exists between a trustee and beneficiaries…. What is TRUST? TYPES OF TRUST? There are different kinds of trust, and the most …
What is Superannuation? Superannuation is your long-term investment plan upon retirement. For most people, super begins when you start work and your employer starts paying a percentage of your salary or wages into a super fund account for you. Your… What is Superannuation? Superannuation is your long-term investment plan upon retirement. For most people, super …
Taxable Payments Annual Report (TPAR) Businesses that engage in hiring contractors in certain industries, may need to lodge an annual Taxable Payment Report to ATO every year by 28th of August. In ATO terms, contractors include: Subcontractors Independent Contractor Consultants… In ATO terms, contractors include: Regardless of which business structure your contractor operates, you still …
AveSol Accounting
Specializing in Psychology: Expertise in Accounting, Payroll, Bookkeeping, and Taxes to Ensure Financial Health for Your Practice
2024 All Rights Reserved © AveSol Accounting.
