Articles

Introduction We are entering an EOFY like no other. Due to the Covid-19 pandemic, many employees have been stepped down, working reduced hours or having their wages supplemented by JobKeeper / JobSeeker payments. Hence managing cash is an important...

Covid-19 has had a significant financial impact on most Australians, their families, businesses and communities. While there are some green shoots of recovery, the path ahead is far from certain. As we head towards the EOFY, it’s important to...

What’s the best retirement plan option? Most pundits will recommend investment properties inter alia, and you have thought about it many times, but did not follow through? Then read on. Usually, these ‘investment gurus’ are in most cases friends...

Why do I need a Tax Agent? Can’t I lodge my own tax return? Do I actually need to lodge my tax return? Am I opening a can of worms if I lodge my tax return? How can I get a higher tax refund? How can I plan out my tax liability in the future? Most...

Scenario 1 - Creditors are threatening law suits. Debtors claim they have paid your dues but your records show otherwise. The tax office is calling you to pay up your statutory dues. Tax planning is a mess. Your bank balance is eternally in the...

Being self employed as a Tradie is a way of life for some Australians. The flexible working hours, being your own boss, known as an expert / professional in a given field, extended holidays! are just a few reasons that entice most to choose a...

Income tax filling can be a daunting task. We at Protax Accountants Pty Ltd, we believe in being well prepared for this. Try to avoid the mad rush and just check out the list given below. It’s a way of saying ‘ help us to help you’ to get you the...

So you submit your own Tax Return! For a non accountant or a person who is employed outside the financial services industry, this statement may sound awesome. The DIY culture has always been popular amongst many Australians, so why can’t one submit...

Like many professionals it’s a common misconception that an accountant is just a historic record keeper and rarely adds value to a business or its wealth creation. The undersigned has briefly explained why a good accountant is stereotyped this way...