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 Tip Tuesday: Can I use tax losses in my business?

Tax tips, tax loss, ato, small business, startupsWhat is a tax loss?

A loss is made when the total deductions you claim exceed your income in the financial year.

Why are tax losses important?

It is important to know how to treat a loss when you are starting up a new company, as generally, most businesses will not make a profit in there first year of trading. This is often due to the initial investment in setting up the business and getting it running leading to a loss in the business until sales catch up. Continue reading “Tax Tip Tuesday: Can I use tax losses in my business?”

Startup Spotlight with The Protein Bread Company

Startup spotlight, The Protein Bread Company, StartupsFor more information about Nudge Accounting’s work with startups around Australia or our Startup Spotlight series, get in touch or find out more at @nudgeaccounting. And you can see more about our fantastic client The Protein Bread Company here, @proteinbreadco or at http://instagram.com/proteinbreadco

Tax Tips Tuesday – Motor vehicle deductions?

Tax tips, accounting, bookkeeping, small business, nudge accounting, startups, motor vehicle deductions

How to claim motor vehicle deductions.

Do you ever need to use your car for work? A common questions we get asked is can someone claim travel to and from the office from home. Generally the answer is a NO.

Examples of when you can claim motor vehicle deductions include:

  1. Travelling between jobs
  2. Travelling from the office to alternative workplace (eg a client)
  3. Travelling to a client if you were working from home
  4. Attending conferences or meetings
  5. If you need to carry bulky tools or equipment (not a laptop or tablet but say a ladder or lawn mower)

Once you establish that you can claim motor vehicle deductions, there are different methods you can use depending on the number of kilometres you travel and how careful you are with your record-keeping:

  1. Log book method – log book needs to be kept for 12 weeks – source documents need to be kept
  2. 1/3 of actual cost – if there are more than 5,000 work related km’s travelled during the year – need to keep source documents
  3. 12% of original value – if there are more than 5,000 work related km’s travelled during the year
  4. Cents per km method – if there are less than 5,000 work related km’s travelled during the year – based on engine size

Generally the log book is the most inconvenient method for someone to follow, but it usually gives you the most accurate indication of your work hours.

This Tax Tip Tuesday brought to you with love by Nudge Accounting.

Startup Founders – How can I pay myself from my business?

ShoeString, Pay myself, Nudge Accounting

Writing in my monthly contribution to Shoestring, I put myself in the position of a startup founder and asked the question, “How can I pay myself from my business?”. There are different ways that a startup founder can pay themselves but it all depends on the type of business structure that they have:

1. Sole traders – the business money is your money

A sole trader is where an individual operates a business and there is no distinction between them and the business. And this means that all money made from your sole trader business is yours. You just need to be careful as this means that all money you make in your sole trader business is taxed in your personal tax return. And personal tax rates can get quite high. Up to 45% + the medicare levy of 1.5%.

2. Partnership – you take a share of the partnership profits

A partnership is similar in many respects to a sole trader. Except that you are working with others, called the Partners, and you share the profits with them based on your share of the Partnership. Although a Partner may want to pay themselves a salary, this is effectively the same as them receiving a share of the profits and that is how the ATO views it.

3. Company – how do I pay myself?

There are different ways you can pay yourself from your company. As the company is a separate entity to you, you need to ensure that you don’t draw down money from the company as if it is your personal bank account. Ways you can pay yourself include: Continue reading “Startup Founders – How can I pay myself from my business?”

Worrying about tax & my startup

Tax, Startup, Shoe String

A big stress for startups we come across are all the different tax requirements they need to be on top of.

Last month, I wrote an article for leading startup magazine, Shoe String on some of the key requirements which startup founders need to worry about.

These include:

  1. Registering for GST – when do you need to start worrying about GST? You need to register for GST if your 12-month turnover or anticipated 12-month turnover is $75,000 or more
  2. Tax & Hiring staff – when it comes to hiring staff, you need to provide staff with a Tax File Number Declaration Form, as well as assessing whether to pay superannuation, how much superannuation to pay, and how much tax must be withheld from their wages.
  3. Superannuation – a mistake a lot of startups make is in thinking that superannuation is not payable for casual staff. This is not right. The same superannuation requirements apply for casuals and permanent employees. Continue reading “Worrying about tax & my startup”

Help! How do I prepare a budget for my StartUp?

Microsoft BizSpark

Nudge provides Accounting and Tax Services to a very large number of Clients located across Australia in a range of industry segments/sectors for example : On-Line Retail, Construction, Financial, Hospitality, Media, Medical and Professional Services.

As part of our ongoing support for the Startup community, we blog (and vlog) every second month for Microsoft BizSpark as part of our #nudgemoments initiative. #nudgemoments is all about giving startups the opportunity to ask a finance question and get an answer that helps them grow their startup and make better business decisions.

What was the question for this month?

#Nudgemoments StartUp Question: I’m applying for R&D grants and investor funding and I’ve been asked to put together a budget. Where do I start?

A budget tells the story of your startup’s journey and uses numbers to do so. So what steps do you need to take to start a budget:

  1. Know your strategy. What are you aiming to achieve and how will you get there?
  2. What are the key drivers of your business? i.e. customer visits to your website, customer conversions, sales per customer. How will these drivers lead to sales and money coming into your business?
  3. What are the costs that lead to a sale? Each product you sell has a cost so what are your product costs? Also don’t forget to include operational costs such as rent and travel. Ensure that costs are reasonable and sustainable, especially when you start out and are operating on a shoestring. Remember that when you grow, you will also need to spend more dollars on marketing and advertising so budget that in.

You can read the next steps and more in my article here.



Nudge Accounting in StartUpSmart

This week Nudge Accounting was featured in StartUpSmart.

The article discusses how we turned around one of our biggest challenges to make it our “Best mistake”.

Some key points we were able to take away from our best mistake were:

  • Communication is one of the most critical parts of business. Getting it right needs to be with a whole-of-business approach, all the time
  • Inject your key differentiators into the message straight away to capture attention, Otherwise the opportunity could be lost.
  • Highlight the problem your audience has. Only when they understand their problem, can you provide the solution

We were lucky to have our communication mistake picked up by a presenter at a workshop during Small business month – we are pleased to say this presenter with his own small business has become a nudge client.


Welcome to Nudge

We have launched today and are delighted that you have come past our blog.

We’re planning to write this blog with the following people in mind:

  • You’re a small business with roughly six or less staff
  • You’re interested in running your own small business

We’ll cover a whole lot of interesting content. We will chat about issues we experience in running Nudge, as well as topics and info that small businesses will hopefully find useful. And, of course, we’ll also keep you update to date on accounting and tax news for small businesses.

Before we go, just a bit more about Nudge – Whilst we’ve officially just launched today, we have been working on our concept for over twelve months. In our pre-launch period during the last few months, we had a number of small businesses experience our service, and the feedback they have given us (some of which is on our homepage) to date has been fantastic! We’re the first Aussie integrated solution and are super excited to be bringing our service to the whole of Australia. Feel free to drop us an email, call or comment via this blog.

Emma, Mark and Aaron

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




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 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!


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


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