Category: Blog
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The Profit First Revolution: Transforming Small Business Finances
Hey guys, Nathan here. Today, I want to dive into a financial strategy that has been a game-changer for countless small and medium-sized businesses – Profit First. You might be wondering, “What exactly is Profit First, and why is Nathan so passionate about it?” Well, I’m here to answer those questions and show you why…
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Dealing with Business Fraud: Your Action Plan When Suspicions Arise
Hey guys, Nathan here. Fraud in business is a serious matter that no one wants to face, but unfortunately, it can happen to even the most well-managed companies. As a business owner, it’s essential to know what steps to take if you ever suspect or realise that fraud is occurring within your organisation. In this…
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Franchise Freedom: 5 Ways It Boosts Your Business, and 5 Ways Your Accountant Guides You
Hey guys, Nathan here. I want to dive into a topic that could be a game-changer for your business journey: Purchasing a Franchise. It’s an exciting venture that offers many benefits, but before you take the plunge, it’s crucial to consult your accountant. Let’s explore the 5 benefits of buying a franchise and the 5…
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Launching a New Business? 8 Vital Reasons to Team Up with Your Accountant!
Hey guys, Nathan here. Starting a new business venture is an exciting and ambitious undertaking that requires careful planning and execution. One of the most crucial steps you can take to set yourself up for success is to engage with a seasoned accountant, especially one who, like the team at NGR Accounting, specialises in the…
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Claiming Work from Home Expenses on Your 2022/2023 Income Tax Return
Have you considered the new ATO requirements for recording your Work from Home hours? Did you know that there has been changes to the rates for Working from Home deductions? Hey guys, Nathan here, and as we start to get some enquiries to complete our client’s 2022/2023 Income Tax Returns, I thought I would revisit…
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5 Reasons You Might Need a Bookkeeper
Hello everyone, Sue, your Xero Hero, here to discuss Bookkeeping, and why it’s so important for your business. There are a few questions I like to ask clients when looking into whether having an external bookkeeper. These are: What are your current bookkeeping processes and who handles them in-house? Are you satisfied with the accuracy…
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5 Reasons to Consult your Accountant before Changing from Sole Trader to a Company
Here are 5 reasons to talk with your accountant before considering the change. In the world of small to medium-sized businesses in Australia, there often comes a point where the decision to transition from being a sole trader to establishing a company structure needs to be considered. Hey, Kathryn here. I wanted to discuss one…
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Considering a Self Managed Super Fund?
Long Term Financial Goals? Considering a Self Managed Super Fund? Time to speak to an Accountant! Hey guys, Nathan here. A lot of clients have been considering their long-term financial goals, and one solution may be Self Managed Superannuation Funds. Planning for your retirement is a critical aspect of financial management, and many Australians opt…
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Starting a New Employee?
6 Compelling Reasons to Consult Your Accountant before Starting a New Employee Hello everyone, it’s Sue. I thought it might be a great idea at this time of year, to discuss putting on a new employee, and in this blog post, I thought I would highlight 6 reasons why contacting NGR Accounting before employing a…
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When should I talk to my accountant? When you’re Buying Big
Hey guys, Nathan here… I thought I would take some time to discuss Capital Expenditure. As a business owner, I know that making decisions on capital expenses can be challenging. It is essential to consider these expenses carefully as they can have a significant impact on your business’s financial health. This is why it’s important…
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What is PPSR? And Why is it Good for My Business
Hey guys, Nathan here. Recently, I was in a conversation with a Bookkeeper and a client, and we were discussing PPSR. It’s important for me to stay up to date with the latest regulations and practices that can impact the financial health of a business. One these is such practice that can be…
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Superannuation Guarantee Payments – What you need to know!
Hey everyone, Kathryn here. I wanted to highlight the importance of making your Superannuation Guarantee payments on time, and even more importantly, in advance of their due date. The Superannuation Guarantee Charge (SGC) can be a costly penalty imposed by the Australian Taxation Office (ATO) on employers who fail to meet their superannuation obligations. That’s…
