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Accountants in Point Cook, Altona Meadows, Hoppers Crossing & Western Suburbs Melbourne

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What's the true value of my business and How do I beat the compliance conundrum traditional business model?

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Clients wanting to get to know me personally not just professionally. How can I balance personal and professional ties?

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Is digital disruption technology a friend or foe for accountants?

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How to find a competitive advantage as an accountant?

Steve OsborneOwner at Smarthinking
James, it's a perennial question and never easy to find the right answer. For me, it's an integral part of the greater issue of positioning.Traditionally, there are two main areas you can look at within your business to find competitive advantage. While doing so, you have to bear in mind the competitive landscape–where your closest rivals are positioned; and the expectations of your prospects–what they get for their fees.Area 1 is your approach. Do you have a particular process or way of dealing with clients that separates you from others?Area 2 is your industry sector. Do you have particular expertise in an industry vertical that makes you attractive to clients within that sector?Alternately, you can discard the traditional methodology and instead concentrate on making your firm distinctive. Note, not necessarily differentiated.Differentiation in accounting is extremely difficult to achieve. Especially if your firm is viewed as much the same as others. You can tie yourself in knots trying to find a unique benefit and often end up with a weak value proposition as a result. More often than not, a USP simply doesn't exist. Or if it does, it may mean nothing or have no value for your prospect.Therefore, making yourself distinctive is a more achievable goal.This can be done by combining two relatively simple concepts. The first is to ensure your reputation is as you desire. In the main, that comes down to conducting your business in an exemplary fashion and concentrating on the things you do best. And it's a long game, not something that can achieved with a new lick of paint.The second is to ensure visibility. This is the combination of visual image, outbound communication and consistent presentation. Again, it's a long game but the outcome is to build a position no-one else can duplicate.Reputation + Visibility = DistinctivenessFor me, achieving that end is the Holy Grail of positioning. Simple to say, not so easy to do.
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How to build that advisory division with a traditional Accounting business model?

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What is the maximum I can earn before I am taxed?

I am on a very low income and I was just wondering what is the point that I will be taxed on my... read more

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Custom Databases on Import Export Data

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What sort of tax agent should I use for US and AU earnings?

I have business clients in both Australia and the United States, what kind of tax agent or... read more

George Grimekis CPAAccountant at Giannakos & Co Pty Ltd
Hi Fred,Most tax agents/accountants should be able to help you out, however this is a complex area so maybe engage one that has experience with clients who operate overseas.Generally speaking, all overseas income is declared in Australia and you can claim a foreign tax offset, for any tax that you have paid i the overseas jurisdiction, to prevent double taxation.Depending on how you're structured, it may be a case of engaging 1 accountant in the U.S to look after your affairs there and 1 accountant in Australia.My first step would be to engage a local accountant, discuss your needs and concerns with them, and go from there.
HiThe criteria for selecting the appropriate Accountant or Tax Agent depends on the complexity of the business and the cost factor as well.In your case you have to comply with various tax obligations in the country where your business is registered and how you derive the income is important.Other factors include, the nature of the business, entity type, number of transactions and the currency of billing etc. For further assistance or discussions you may call me on 0424419130 for personal discussions.
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The Sorry State of Australia's Superannuation Debate

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What are the best free accounting apps or tools?

I have a small handyman business and I am pretty hopeless when it comes up to preparing for tax... read more

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Jef LippiattOwner at Startup Chucktown
well, I'm not sure if it is available in the Australian market, but Wave Apps has a great suite of free accounting and invoicing tools.Also, Manager.io is a free cross platform (works on Windows, Mac and Linux) software (for desktop or laptop) I don't think they have a mobile app version.
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360 Asbestos Removal

360 asbestos removal is a leading asbestos removal company based in 38 Taylor road, Nedlands,... read more

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Do I need a bookkeeper?

I am a sole trader with my own small business. Can I do my own books or will I need a bookkeeper or... read more

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Marcus TjenOwner at Rugged Computing
If you are a sole trader, you do not have to have a book keeper or an accountant. You can keep track of your income and expenses in a spreadsheet and file your own personal tax return at the end of the financial year. No need to file a business tax return.If however you do a lot of small transactions (debit and credit) in your business, you might want to consider using a book keeper to help you keep track and save you time.If you also want to have a financial statements at the end of financial year (balance sheet, profit and loss and cash flow statement) then you need to get an accountant.
Understand from your query that you are a small business owner having a sole trader business model.If you have prior experience maintaining your books of accounts as well as dealing with ATO you may not need book keeper to start with In case if your business grows and do not find time and energy to do the book keeping as well as meeting GST compliance , you may need the assitance of the book keeper as well as Tax Accountant or Tax Agent . Many of the Tax Agents provide the services of Book keeping, Accounting & Tax Compliance services and the cost varies depending on the nature and number of transactions, For complex tax advisory matters the cost is fixed depending on the time spent by the Tax Agent or Advisor.You may please feel free to contact me at Taxfin Business services if you need further clarification or informartion in this regard. My name is Sathyanarayanan Srinivas and my contact number is 0424419130.Please visit www.taxfinservices.com.au for detailes on services provided.
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What do I need to include in a tax invoice?

Are there any important items or important information that I need to include on my tax invoice for... read more

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Sarah Irwin SME Community Director at SavvySME
George Grimekis CPAAccountant at Giannakos & Co Pty Ltd
Hi Sarah Generally you need to include 7 items on tax invoices.For sales less than $1,000:1) Need to show document is intended to be a tax invoice (usually done by showing the words TAX INVOICE at the top)2) Your identity3) Your ABN4) The date you issued the invoice5) A description of items including quantity sold (if applicable) and the price6) The GST amount if any7) The extent to which each sale on the invoice includes GSTFor sales over $1000 you also need to include: 8) The buyers identity or ABNClicking on the below link also gives you A.T.O guidance on how to set out invoices.https://www.ato.gov.au/assets/0/104/694/815/1c91f2...
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