Welcome to Nudge Accounting, We have over 80+ years of expertise in accounting and bookkeeping services.
Online Bookkeeping & Accounting Services Nudge Accounting

Suite 139/243 Pyrmont Street, Pyrmont NSW 2009

Mon - Fri 9.00 AM - 6.00 PM (AEST)

Saturday, Sunday Closed

Tax planning for small business in 2014!

 tax planning, 2014 tax tips, small business

Tax planning for your small business is something you should always be thinking about. And don’t just think about tax planning as a way of claiming more tax deductions, it’s also a really effective way to clean up your business operations ready for a new financial year. And with financial year-end almost here, there are some really important questions that you should cover off.

1. Are you on top of your unpaid invoices?

It’s important to review your unpaid invoices (debtors list) as small businesses can claim a deduction for old debts which are not recoverable.

2. About to do some year-end invoices?

Unless you are a sole trader operating on a cash basis, generally income is assessable when an invoice is issued. This means you might want to hold off invoicing clients until July so that it is taxable in the next financial year.

3. Still have some old equipment on the books?

It’s important to review your list of assets as small businesses can claim a deduction for the remaining value of any asset which is no longer used.

4. Have you organised a stocktake?

If your business carries stock (for example if you are a retail business), then a stocktake is generally required to be done before year-end. During your stocktake, identify unsaleable and damaged stock as, if disposed or gifted to charities, these are able to be written-off and claimed as a tax deduction.

5. Need to update some of your equipment?

Small businesses can claim a deduction for the entire purchase price (up to $1,000), rather than having the deduction spread over several years. So purchasing new equipment now means you can get a tax deduction this financial year.

Continue reading “Tax planning for small business in 2014!”

2014 Federal budget update – the impact on small business & startups

Federal Budget, small business, startups

We look at some of the key aspects of the 2014 Federal budget and the resulting impact on small businesses and startups

1. Federal budget impact on Small business

The federal budget has impacted small business in the following ways:

a) Lower company tax rate

As part of the budget measures, the government has will cut the company tax rate by 1.5 percent from 1 July 2015. This will bring the current company tax rate of 30 percent down to 28.5 percent, benefiting many small businesses that use a company structure. Businesses with more than $5m in taxable income will not be in a better overall position as they will be required to pay a levy of 1.5 percent to fund the new paid parental leave scheme.

b) Superannuation contributions

Compulsory superannuation contributions for employees will rise from 9.25 percent to 9.5 percent from 1 July 2014. Although the federal government had previously flagged that this increase would be delayed, the superannuation contribution percentage will now be frozen at the new level of 9.5 percent until June 2018.

Continue reading “2014 Federal budget update – the impact on small business & startups”

We Are E.S.T. 2012

Who WE Are

At Nudge, we do it all for your small business: bookkeeping, accounting and tax. we can also help you with tax advice, company setups, personal tax, monthly performance summaries and specialist advice for small business owners. All work is completed by Aussie Accountants so you’ll never have to worry about compliance again.

Nudge Accounting
100% Online Accounting
Nudge Accounting
FREE Business Health Check
Nudge Accounting
Scalable Pricing Packages
Nudge Accounting
Easy Signup Process
Nudge Accounting
XERO Integration
Nudge Accounting
100% Satisfaction Guaranteed

TESTIMONIALS

OUR COMPANY

OUR COMPANY Quality

With the uprising of technology and the plethora of competition in the majority of industries, business owners tend to seek help and assistance in managing and tailoring their business to suit the era’s needs and expectations. The process of accounting provides reports that bring key financial indicators together. Understanding financial concepts and gearing clients to financial success is what we exceed at here at Nudge Accounting. Our expertise lingers throughout the field of online accounting and engulfs all financial cases. With years of extensive experience and a dedication for our clients success, we endeavour to evolve our existing methodologies, in order to transform into Australia’s leading online financial firm.

OUR COMPANY Commitment

A successful marriage between bookkeeping and accounting will contribute to the long-term financial success of any business. Nudge Accounting takes pride with their online bookkeeping and online accounting services that encompass all aspects and sectors of finance to ensure our clients receive the utmost finest service. Commitment is an attribute we stand for as client satisfaction is always key to evolution. Our reliability is second to none, as we ensure our clients are well organised and pursuit their financial tasks with accuracy and precision. Nudge Accounting propelled their excellence and with their dynamic team of online accounting professionals transcended competition and have cemented themselves as the leading online bookkeepers in Australia.

OUR COMPANY Success

Our software and technological client interface is meticulous and seldom do alternative online accounting companies acquire this quality of infrastructure. This is what portrays our excellence and gears Nudge Accounting towards success. We ensure client satisfaction, by going through all the details and explaining financial situations to our clients. Engaging the client is what makes us stand out! Online accounting software, combined with online accounting techniques is a much more effective procedure than filling out paperwork because half the work is already done for you! Nudge Accounting take pride in providing the utmost finest online accounting service across Australia, with a variety of small to medium businesses and accounting excellence, technology and Nudge go hand in hand, just like the glove fits the hand!

WE HELPING SMALL BUSINESSES

Nudge provide exceptional accounting service and support whilst remaining price competitive. All of our packages provide the same great features for your small business accounting needs, which includes:

  • Performance Management Reporting
  • Annual Tax Return Preparation and Lodgements
  • Annual Financial Statements
  • Financial Monthly Statements
  • QTR BAS Preparation and Lodgements
  • Monthly KPI's to Identify Improvement Areas
80
YEARS OF
EXPERIENCES
$250m
UNDER MANAGEMENT
REVENUE
$150m
TOTAL
ASSETS
100
% SECURE
CLOUD STORAGE

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