Connolly's Accounting Services | Blog
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Tax Scams

Every tax time is an opportunity for scammers to target the unwary. This time around, the scammers are phoning and claiming to be from the prosecutions department of the ATO. They then state that they believe you have committed fraud and the Sheriff’s Office has been called. You can of course make this all go away by transferring cash using the details they provide or by giving your details to them. All of it is fake. There are a number of variations to this fake arrest warrant scam. In some cases a...

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Main Small Business and how to overcome them

If you’re a small business person(s), and you are reading this blog then you already, possibly are experiencing, feelings of isolation, burn out, along with the feeling is it worth it. The first port of call would be to talk to your accountant or trusted college who understands the business you are in. In most cases trying to be administration expert, selling your product or service and doing the work involved, while at the same time being compliant with Government issues like compliance and future directions of the business, leaves no time...

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Are you falling behind with your business tax payments?

Unfortunately many businesses find it hard to keep on top of both current and future tax obligations. This leads them to being in debt to the ATO and the unenviable need to negotiate payment terms. Part of our role as small business accountants is to act as a barrier or intermediary between the tax office and the small businesses of Australia. It’s not that we don’t trust the two different interests to get along; it’s more about using our experience and knowledge to protect the best interests of the client. So why do...

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Succession Planning

You have been running a successful business for some time now or you have just purchased a business and have a young family or are considering retirement, whatever the circumstances  you will most likely want the business you operate or the investments continue in the hands of the next generation without problems or  issues like that of Mrs Gena Rinehart. When should this be accomplished? The answer is as soon as possible; the earlier the plan is put in place the fewer problems will occur in the end from knee jerk...

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