Platinum Accounting Australia

Social eCommerce inspires 70% of global consumers to shop without intent, according to a recent Outlook Report from Circana. According to the report, social eCommerce refers to shopping that occurs on social media platforms. This might include product discovery, reviews and ratings, or even transactions themselves. Major platforms like Instagram, TikTok, and Facebook “accelerate customer decision journeys from awareness to purchase”, the report notes. #PlatinumAccountingAustralia

Are you keeping a record of everything you're claiming on your taxes? It's all well, and it's good to try to squeeze a few more dollars out of the ATO and into your bank account. We, however, advise against claiming any expenses you can't prove. Should you be caught up in an audit, not having these on record will require significant explaining, which could land you in trouble. Not sure what to claim and what to leave behind? Chat with us - https://lnkd.in/gDJqSVsW #TaxTips #RecordKeeping #AuditProtection #TaxDeductions #ATOAdvice #FinancialResponsibility #ClaimWisely #BusinessFinance #PlatinumAccountingAustralia #TaxCompliance

When you work hard toward your goals, you'll fall in love with what you do? #PlatinumAccountingAustralia #WorkHardPlayHard #PassionForSuccess #LoveWhatYouDo #BusinessGoals #Dedication #SuccessMindset #EntrepreneurLife #Motivation #Inspiration #BusinessGrowth

Are you an accountant or bookkeeper looking for something bigger? Need someone to help you hold the reins while you step into the world of business ownership? Out Licensee Business Start-Up Program is the perfect solution for you During it, learn how to open an accounting or bookkeeping firm under the guidance of the expert #PlatinumAccountinAustralia team. Discover the ins and outs of what makes a successful entrepreneur and how you can take your skills to the next level. Ready to find out more? Visit us online - https://lnkd.in/dJPx9Mr5 #BusinessOwnership #Entrepreneurship #AccountingCareers #BookkeepingBusiness #BusinessStartUp #EntrepreneurLife #CareerGrowth #BusinessSuccess #Mentorship #FinancialFreedom

The launch comes as new data reveals the substantial impact generative AI is already having on Australian entrepreneurs. GoDaddy’s recent survey found that 20 per cent of Australian microbusiness owners are leveraging generative AI to support their business activities. These entrepreneurs report saving an average of 27 hours per month, equating to 324 hours annually or nine working weeks, and averaging $7,800 AUD per year per entrepreneur. #PlatinumAccountingAustralia

Energy management is an athlete’s number one currency. And just like athletes, small-business owners need stamina, precision and focus to achieve success. It starts with applying the four fundamentals required for high performance: exercise daily, fuel your body with the right food, free your mind, and recover with purpose. #PlatinumAccountingAustralia

The removal of payroll tax came into effect in 2019. South Australia increase the tax-free threshold from $600,000 to $1.5 million while maintaining the maximum deduction at $600,000. Meanwhile, they created a variable rate from 0 per cent to 4.95 per cent for payrolls between $1.5 million and $1.7 million. The payroll tax rate for larger businesses – those with payrolls above $1.7m – was unchanged at 4.95 per cent. #PlatinumAccountingAustralia

First, categorise these expenses into two groups: those used exclusively for business and those shared with personal use. When you run your business from home, there are bound to be crossovers between personal and business expenses, as well as purchases that you only use for business reasons. Splitting them into two categories will make it simpler and easier to understand what and how much you can claim. #PlatinumAccountingAustralia

Paying your liabilities early can improve your financial health and reduce the burden of interest. Here’s how you can manage early payments effectively: Prioritise High-Interest Debts: Focus on liabilities with the highest interest rates to save on overall costs. Allocate Extra Funds: Use surplus cash or unexpected income to make additional payments. Review Payment Schedules: Adjust payment plans to pay off debts ahead of schedule. Negotiate with Creditors: Seek to renegotiate terms for better early payment options. #FinancialHealth #EarlyPayments #DebtManagement #ReduceInterest #CashFlow #BudgetingTips #FinancialPlanning #DebtReduction #CreditManagement #MoneyManagement

According to Sarah Vega, National Managing Partner at KPMG Futures, Australia’s productivity has fallen 2% since 1995. “In this climate, businesses are under pressure to boost efficiency,” said Vega. “The startups we’ve identified offer innovative solutions to help Australian companies reimagine their approach to business performance, driving productivity and positioning themselves for long-term success in an increasingly competitive global marketplace.” #PlatinumAccountingAustralia