Articles by Craig Dangar - The Accountants

Buying Into A Franchise

22 April 2024 No Comments

This article, written from an accountant’s perspective, offers insights for prospective franchisees in Australia. It covers the franchise model, the importance of reviewing the franchise agreement, conducting due diligence on the franchisor, financial analysis, understanding obligations, professional advice, exit strategies, and personal suitability. These considerations are essential for anyone looking to invest in a franchise.

Income Splitting with Your Spouse

19 April 2024 No Comments

This article provides an overview for individual taxpayers in Australia on the possibilities and limitations of splitting taxable income with a spouse. It covers legal considerations, legitimate strategies like investment income distribution and superannuation splitting, risks of non-compliance, and the importance of professional tax advice. Understanding these aspects is crucial for effective and lawful tax planning in a household.

Thinking of buying a business?

18 April 2024 No Comments

This article, written from an accountant’s perspective, provides an in-depth guide for individuals considering buying a business. It covers evaluating the business’s financial health, conducting due diligence, understanding the market, reviewing the business model, planning for transition, financial planning, and the importance of seeking professional advice. These considerations are crucial for making an informed decision and ensuring a successful business acquisition.

Steps in switching accountants

17 April 2024 No Comments

This marketing article, written from an accountant’s perspective, provides a guide for businesses in Australia on the steps to change accountants and the reasons why it might be beneficial. It emphasizes finding an accountant that aligns with the business’s evolving needs, offers specialised expertise, and utilises modern solutions for financial growth and efficiency.

Starting your business

16 April 2024 No Comments

This article, tailored for new business owners and written from an accountant’s perspective, provides key insights on starting a business. It covers areas such as business planning, market research, choosing the right structure, registering the business, financial systems setup, managing finances, tax obligations, funding, customer relationships, and the importance of professional advice. These elements are crucial for laying a strong foundation for a successful business venture.

Depreciating your equipment

15 April 2024 No Comments

This article provides an overview for business owners in Australia on equipment depreciation, including its importance, methods, calculation, tax implications, record-keeping, and the value of professional advice. Understanding these aspects of depreciation is crucial for accurate financial reporting and maximising tax efficiencies.

Private Health Surcharge

12 April 2024 No Comments

The Private Health Insurance Surcharge is an essential consideration for higher-income earners in Australia. Understanding how it applies to you and how it is calculated can influence decisions regarding private health insurance. While it encourages the uptake of private health cover, it’s important to assess your personal circumstances, compare costs, and consider seeking professional advice to understand the best course of action for your situation.

Tax deductions for super contributions

11 April 2024 No Comments

This article provides an overview for individual taxpayers in Australia on the tax deductions associated with superannuation contributions. It covers concessional and non-concessional contributions, the process of claiming tax deductions, benefits, considerations for high-income earners, and the importance of professional advice. Understanding these aspects is crucial for effective tax planning and retirement preparation.

Benefits of HappyHR

10 April 2024 No Comments

This article provides an overview of HappyHR, highlighting its features, benefits, and applicability for business owners. It emphasizes how HappyHR can streamline HR processes, ensure compliance, enhance employee experience, and facilitate data-driven decision-making, making it a valuable tool for businesses looking to optimise their HR management.

Business Basics

9 April 2024 No Comments

This article offers a comprehensive overview of the basics of business management and practical tips for success, tailored for business owners. It covers essential aspects such as market understanding, business planning, financial management, branding, customer experience, innovation, team building, networking, compliance, and sustainability. These elements are crucial for establishing, running, and growing a successful business.