This month in Morris Accounting news…
September happenings
Hi Everyone,
It sure has been a busy start to the tax season. Last year at this time we had processed 105 returns, and this year we are already up to 174 , so it is great that we are able to help more people get the return they deserve!
So, Spring has sprung and there has been some movement about the Morris Accounting Offices…
Staff News
At the end of August we bid Karen farewell, so she can work closer to home.
Helen joined us formally at the end of August as part-time accountant. She is soon to graduate as a fully qualified accountant, completing her last semester at Griffith University in November and then joining our team full time. Meanwhile, I’ve moved back into the “boiler room” and have been helping Clayton and Helen in getting all our 2011 compliance rolled out. Being back in the accountants room has been a great way to help them more, while improving our efficiencies at Morris Accounting. I’m away this week 17/9/2011-27/9/2011 having a look at Lake Eyre while it is full of water, and then and on the way quickly having a look at some wineries around Adelaide. If there is a winery you would recommend for us to visit, just let me know!
With a new season comes a time to reflect on how quickly the year is progressing, and how you are achieving your business and or personal goals.. With interest rates on hold, business moving cautiously, and most individuals earning the same wages or more, people are considering their options for the next 12 months. I urge people to seriously consider their choices and opportunities, and come and talk to us about:
- Your business and/or personal income and expenses, as well as assets and liabilities. When you have you’ll be surprised at how good things your situation is and that you have an opportunity in front of you to make it better.
- Consider making some investments. There are mixed messages in the media about property and shares, but now may be the perfect opportunity for you to get into either market. Why? History tells us that in these uncertain times, things will turn upwards at some point and when that happens, it will happen QUICKLY. So don’t be left behind and wish you had invested earlier. We can recommend plenty of advisors with whom to discuss options.
- Talk to us about how these investments can improve your tax position, short and long term, before you commit to them. Whether it is joint name, sole names, Trusts and Superannuation, we can educate you about which way to go.
As always, we are here to help you get ahead, and save tax. So don’t hesitate to contact us with any queries. Any of our staff can assist you with most enquiries, so talk to them, but as always if they can’t help and I’m in a meeting not able to take your call, leave a message or better still shoot through an email so I can get back to you with even better answers for you.
‘Til next time
Nathan Morris, Director
Upcoming events
Throughout the year Morris Accounting will be running a series of events for our business and personal clients. Checkout our Eventbrite events page for location and details of upcoming events and bookings, or alternatively contact our office 1300 219 818 or email info@morrisaccounting.com.au to register or for information.
- Wed 28 September – 5.30pm
Estate Planning | what you need to do before you or a loved one dies unexpectedly
- Wed 12 October – 12noon
Business Exit Strategies | Succession Planning and preparing the business for sale
- Wed 19 October – 5.30pm
How to save tax | with investment properties in and out of superannuation
- Wed 26 October – 12noon
Business Power Lunch | Successful business have great sales system! Does yours? Simple starting points to get things happening more easily and quickly, which your customers will love!
- Wed 16 November – 5.30pm
Business Exit Strategies | Succession Planning and preparing the business for sale
- Wed 23 November – 12noon
Business Power Lunch | KPIs, what are they? And how to use them for planning your business today!
- Wed 21 December – 5.30pm
2011 business review | Looking forward and preparing for the 2012 calendar
What people are saying about our events:
Nathan was informing and presented well. Stephen
Nathan’s presentation was and excellent and he is very knowledgable, I’ve learnt even more about superannuation and excited about utilising it more. Chris
An opportunity to meet and actually talk to a business and accounting specialist. David
Lots of great food and drinks, so I don’t need to worry about dinner! Tam
Business owners need to be here, I now understand how to target your sales efforts. Chris
Property Investing and NRAS
With interest rates on hold some clients are asking about whether its the right time to invest in property. Unfortunately we don’t have a crystal ball, however going back to the last property boom clients commented that they wish they got in before the boom, to capitalise on the market’s positive upward trends. The Media won’t tell you when its about to go up, only when it has already gone up. So consider getting in. Those who have been to our seminars know that new property is better for tax deductions and depreciation than an old property.
We have another seminar coming up on Wed 19 October – 5.30pm – How to save tax | with investment properties in and out of superannuation. Book here
NRAS is a scheme of government funded building for lower cost housing. It provides cash incentives to investors for the purchase of this type of building…
Click here to read further
Business Health Checks
Some of our business clients are already benefiting from our regular quarterly meetings where we go through our business health check. The business health check identifies areas in the business that need improvement, with the goal to improving efficiency, resulting in better profit and cashflow.
When was the last time you took a good look at your business record keeping system? Most of us think its an adminstrative burden, however a good system can grow your business!
I encourage you to have a good review of your system! For us here at Morris Accounting in 2012, we anticipate fully functional cloud based accounting and bookkeeping software. We are already looking at Xero and Saasu. At this stage we are awaiting full integration of payroll into one of these products before we then encourage clients to migrate over. More on that next year.
In the meantime, here are things you need to consider, Click here to read further.
Have a great month!
Checkout www.morrisaccounting.com.au for more articles and posts
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