Straight Talk Blog

Director Identification Number (DIN) Now Mandatory!

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The Australian Government has announced the introduction of a new mandatory Director Identification Number (DIN/director ID) as part of the Modernising Business Registry (MBR) Program. The roll-out will start from November 2021. The DIN will provide accountability and traceability of … Read More

Reminder for first-time share investors to declare income

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With the growth of micro-investment platforms helping new investors enter the market, the ATO has issued a reminder for first-time share and Exchange Traded Funds (‘ETF’) investors. The ATO is concerned that first-time investors often do not understand their tax … Read More

ATO support for employers with expansion of STP

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As part of the expansion of Single Touch Payroll (known as STP Phase 2), from 1 January 2022, employers will need to report additional payroll information in their STP reports including: ❑ disaggregation of gross amounts (including separate reporting of … Read More

Efficient business systems really pay off

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Too many businesses fall over because the owner has not established efficient business systems. This typically happens because the business owner is so caught up in the day-to day running of the business that the fundamentals of good business management … Read More

How to learn from failure in business

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Ask any successful entrepreneur about their path to greatness and you’ll get the same answer: failure is an inevitable part of the journey. It took Thomas Edison 1,000 failed attempts before he finally invented the light bulb. Tim Ferris received … Read More

Div.293 concessional contribution assessments have been issued

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The ATO has recently issued approximately 30,000 Division 293 assessments for the 2018/19 and 2019/20 financial years. Editor: Division 293 tax is an additional tax on super contributions, which reduces the tax concession for individuals whose combined income and contributions … Read More

ATO warns property investors about common tax traps

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In 2019/20, over 1.8 million Australians owned rental properties and claimed $38 billion in deductions, so the ATO is reminding property investors to beware of common tax traps that can delay refunds or lead to an audit costing taxpayers time … Read More

Extending administrative relief for companies to use technology

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  The Government has passed legislation renewing the temporary relief that allows companies to use technology to meet regulatory requirements under the Corporations Act 2001. These temporary relief measures will allow companies to hold virtual meetings and use electronic communications … Read More

Business Freedom…

Remember how you felt when you first opened your business? The excitement, the dreams, the energy? As your accountant, that’s our real job.

To inspire you to regain that vision. And to help you build systems so your business flourishes — with or without you. Is that what you want? Business freedom? We’ve gathered…

A Whole Team To Help You…

Sure, our 21 years of experience, our extensive qualifications, and our track record in saving people tax and maximising their investments is impressive (if we do say ourselves). But what’s really important is the network of ‘tried-and-tested’ experts we give our clients access to. Yes, tax advice is critical. Budgeting is absolutely vital. And financial planning — it’s the roadmap to achieving your dreams.

But what about legal advice? What about the minefield of lending? What about business strategy, marketing, technology, staff recruitment and management etc. We’ve assembled a team of experts to help you. And don’t worry — when it comes to our fees…

A Deal’s A Deal…

When we give you an estimate, that’s what you’ll pay. Not a cent more. And our services are conveniently packaged to give you the exact help you need… at a surprisingly affordable price. In fact, many clients think we add so much value to their business (especially profit) they say our services are really free!

To help you manage your cash-flow, we’re happy to split fees into twelve easy payments. On top of that, you can relax because…

We Stop The Clock…

Unlike most accountants who bill by the minute, we want our clients to feel free to call whenever they need to.

Thinking about changing your mortgage, buying a new car, or upgrading your equipment — phone us first. You won’t be billed for the every piece of advice we give you over the phone. And on that note, we promise to…

Return Phone Calls Fast…

There’s nothing worse than waiting around for someone to phone you back when you just have a quick question to ask. Everything grinds to a halt. It’s incredibly frustrating. Our state-of-the-art internal communication systems (including cloud computing) allow us to keep in touch at all times.

If you’ve left a message, we’ll know straight away and call you back as soon as we can — mostly within an hour. The key to good relationship is good communication… so there are…

No Nasty Surprises…

That’s right. Regular communication via email, phone and in person enable us to keep on top of all your financial concerns. You’ll always know where you stand with upcoming GST, tax, insurance, super, etc. We’ll help you set and manage a solid financial plan.

That’s not always easy. It takes discipline. And although we’re always courteous, we won’t be backward in giving you…