2026-27 Federal Budget – Some Big Changes Ahead
Treasurer Jim Chalmers handed down the 2026–27 Federal Budget on Tuesday this week with a focus on tax reform, housing…
This blog is a space that allows us to dive deeper into a variety of accounting and tax related topics. If you have a topic or a burning question you’d like us to respond to, get in touch via the Contact page and we’ll do our best to cover it. Without further ado, here are our tips, recommendations and insights.
Cash Flow Management – Considerations & Guiding Principles
Cash flow is the lifeblood of business, whether you’re a sole trader or a multi million dollar enterprise. Profit on…
EOFY Best Practice Tips for 2023 FY
As we wrap up 9 months of financials to end of March for 2023 FY, it is a brilliant time…
Updated Home Office Expense Claim Methods For 2023 FY
Many people are now spending more time working from the home office, and for a small business owner, this can…
What are PAYG instalments? And, how do they work?
Two of the more common queries we get at Oceans Accounting are “what exactly are PAYG instalments?” and “How do…
2021 EOFY best practice tips – for action prior to 30 June
We hope the final weeks of the 2021 financial year are tracking just as you’d hoped. As we approach the…
Planning for profit: how to set your year up right
Planning for profit: how to set your year up right By Brook McCarthy A brand new year full…
EOFY Tips, Tax Time 2020 + Upcoming Events
It’s that time of year again when we reflect on the year that was (and what a year it’s…
Net profit is healthy but cash flow is tight? Here are some reasons why, and how to resolve it.
It’s a question we get asked, and a scenario we see often. Your business has had a bumper year, you’ve…