Accounting

For businesses in Australia, providing fringe benefits to employees can be a valuable way to attract and retain talent, as well as incentivise performance. However, employers need to understand their obligations regarding Fringe Benefits Tax (FBT). The Australian Taxation Office (ATO) administers FBT, a tax on certain non-cash benefits provided to employees in connection with […]

  An additional 10% capital gains tax (CGT) discount may be available when you sell an Australian residential rental property that you used to provide affordable housing. This will increase the potential maximum capital gains discount percentage on your sale from 50% to 60%.     What Is Affordable Housing? For the affordable housing CGT […]

At the worst time of your life, the last thing you want to think about is tax. However, when a loved one dies, their affairs must be dealt with at some stage. This includes their tax obligations. You must lodge a date of death tax return if any of the following applied to the deceased […]

Managing a business involves a lot of decision-making, especially when it comes to financial matters. Understanding cost vs benefit, break-even analysis and interest rates is essential to making informed decisions that will benefit your business in the long run. Did you know that the Instant Tax Write Off Scheme is due to end THIS COMING […]

Do you have employees? Then you need to be ready for Single Touch Payroll! By now you may have heard the buzz around Single Touch Payroll. It’s a pretty big deal for any business that has employees. So…what do you need to know and how does it affect you? Keep reading to find out. What […]

Learn Xero Cloud Accounting in no time! Our Learn Xero in 7 Days course is live! We know that running a small business is hard work and learning finding the time to master accounting software is even harder. To get started with Xero. Sign up here: https://www.mdtrimmerandco.com/get-started-with-xero/ Make sure you get in touch with us […]

From Mac computers to make-up, here are six examples of super-strong brands that cornered their markets using different marketing strategies. If you look at their histories and analyze the pivotal moments, you’ll find parallels and pick up tips on how your company can follow in their footsteps and stand on the shoulders of giants.

Too many businesses fall over because the owner has not established efficient business systems. This typically happens because the business owner is so caught up in the day-to day running of the business that the fundamentals of good business management get forgotten. Often too it must be said that the owner simply doesn’t like bookkeeping […]

Small business owners know that to find a loyal customer base, they have to stand out from their competitors. One of the best, and easiest, ways to do that is to have outstanding customer service. How you treat your customers reflects your entire business. People think positively on companies that treat their customers and clients […]