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Accounting

December on the money newsletter is out now.

Click below for the December OTM newsletter. Note: there is a Fringe Benefits Tax exemption for some electric vehicles, even for spouses and the small business electricity grants are returning February 2024. On the Money Newsletter    

It’s getting colder, and that means 30 June is getting closer

As we say hello to the cooler weather we also head towards the end of another financial year. Now is a good time to revisit your tax and financial affairs to see if any changes need to be made before financial year 2023 closes. Some things to think about are whether you are eligible and […]

Small Business Grants – WA

Many Small Businesses are struggling in the current environment. Staff Shortages, client shortages and increasing costs. There are several grants available for Western Australian small businesses that have been affected by the latest COVID restrictions and are experiencing financial downturn. These include: Small Business Hardship Grants – Tiered grants for businesses with 50% decrease in turnover […]

We are online and ready to help!

During this crisis Downs accounting are open and ready for you to email or call us.  Please don’t visit the office unless absolutely necessary. The office is open for now but please call before coming due to rapidly changing circumstances.  We have been working via our online portal for over 6 years with most our clients […]

$2 billion of cheaper unsecured funding for small businesses

Those of us in small business know that gaining access to funding is often one of the biggest difficulties to overcome.  Securing business loans against your house or jumping through hoops to obtain unsecured finance with high interest rates and short terms is the norm in Australia. In a joint announcement made 14 November 2018 by the […]

ATO are writing to cash only businesses.

The ATO are sending letters to businesses they have identified as operating on a cash only basis and that their records are also not kept electronically. If you operate on a cash only basis you may receive a letter. The benefits of using a software program and keeping records can include easier finance approval, quicker […]

Happy Birthday – 10 amazing years!

Downs Accounting turns 10! Thanks to all our clients for your support over the past 10 years. We are looking forward to working with you for many more years to come.

Tax Time 2017 is upon us – Are you or your business ready?

Time to gather your receipts and prepare for your 2017 tax return preparation. You may also have a BAS or Financial Statements due. We are ready and waiting at Downs Accounting to assist with your queries and provide checklists so get in touch today!

Are you starting, operating, growing, or closing a business? Do you know what rules and regulations apply to you?

Have you located all the red tape relating to your business? There is an ever mounting pile of red tape that businesses must adhere to. Many business owners are simply not aware of all that exists. These include local council permits required to run certain businesses types or Payroll Tax that creeps up on you when […]

Crazy things you can claim on tax

THERE’S never been a better time to hit the shops. Despite reports to the contrary, it seems women may be able to claim handbags on tax. But there’s a catch — you have to keep a logbook to prove it carried more than lipstick and lunch to the office. Accountants are trying to clarify tax […]