We are finalists in the Australian Accounting Awards!
The Australian Accounting Awards is an annual event that recognizes the leading firms and professionals who have made significant contributions to the accounting industry. Since its inception in 2014, the awards have been the most anticipated program and a benchmark for excellence in the profession. This year, the awards will once again celebrate the best...
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How to control your business finances in 5 easy steps
How to control your business finances in 5 easy steps The ability to manage your business finances effectively is a huge advantage. In this way, you can make well-informed business decisions and maintain the profitability of your organization. It has never been easier to manage, track, and forecast your financial position with so many digital...
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We are Australian Accounting Awards Finalists!
We are Australian Accounting Awards Finalists! Propel Accountants and Advisors is excited to announce that we have been selected as finalists for the upcoming Australian Accounting Awards in the categories of Business Advisory Firm of the year & Multiservice Firm of the year. The past year has represented completely new territory for us all, as...
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How to Benefit from the Asset Write-Off Extension For Small Businesses
Propel Business Group is excited to share with our clients that the Australian Government has announced that the instant asset write-off scheme introduced to bring forward spending amongst the 2020 pandemic will be extended for 12 months, until June 2022. What does this mean for Australian SMEs? For Australian small businesses, this means that it...
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Are you an Australian Employer? Download your FREE guide to JobKeeper Payments
It might be a confusing time to be an Australian Employer, Propel Business Group is committed to providing our clients with the most easy to digest information to help their business survive during these difficult times. Download your free Employer Guide to understand the JobKeeper payment, eligibility criteria, payment process, Fair Work Act changes for employers...
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Green light for the JobKeeper Stimulus Package
The $130 billion Job Keeper stimulus package may be a game changer for a lot of businesses owners, sole traders, and employees who have either been stood down already, or were fearing losing their job in the near future. To reiterate, any business that has lost 30% or more of their revenue in recent weeks can apply for the Job Keeper...
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D.I.Y. Checklist During COVID-19
All businesses need to have a plan in place during the COVID-19 pandemic. This checklist provides general guidance around important aspects and actions you should be considering for your business. We encourage you to have regular contact with your accountant and if you need guidance we are happy to speak for a no obligation phone...
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WA Businesses – The State has some Relief
The Western Australian Government has announced measures to support small business during the coronavirus (COVID-19) pandemic. The small business relief includes: $17,500 grants for small businesses with a payroll between $1 million and $4 million. The $1 million payroll tax threshold (announced in October 2019) will be brought forward by six months to 1 July...
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Wage Stimulus – Understanding the JobKeeker Payment
Eligible employers will be paid $1,500 per fortnight per eligible employee. Eligible employees will receive, at a minimum, $1,500 per fortnight, before tax, and employers are able to top-up the payment. Where employers participate in the scheme, their employees will receive this payment as follows. If an employee ordinarily receives $1,500 or more in income...
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Scale your Business
There are three fundamentals to successfully scale up your business: having a clear (and documented) organisation structure, having comprehensive systems and processes, and developing great leadership. With growth comes growing pains. Such pains can affect team morale as well as your margins. It’s critical to pre-empt potential friction and put systems in place to ensure...
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Single Touch Payroll are you ready?
Single Touch Payroll is a reporting change for employers. Are you ready? It starts from 1 July 2018 for employers with 20 or more employees. You will report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information from your payroll solution each time you pay your employees. Single Touch...
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KEY PERSON INSURANCE: ARE YOU PREPARED?
Key Person Insurance, also known as Key Man Insurance, is an insurance policy that is taken out on the life of a key employee within a business. It works to protect businesses from losses should a key staff member (one integral to the success of that business) be incapacitated through death, illness or a significant...
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Want to start a small business?
You decided you want to take the plunge. It’s now or never. You want to start your own business. This decision will change your life both professionally and personally and will likely involve a significant financial commitment. The success of your business depends on many things, including your abilities, initiative and capacity to work, as...
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ARE YOU A START-UP OR A SMALL BUSINESS?
You have a brilliant idea and you are convinced that it is going to be a real money maker. There is a gap in the market and your business is going to fill it. But, when talking to your friend about it, his response was, “a start-up? Is that a good idea?” Is your business...
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BUDGET PLANNING IN 5 SIMPLE STEPS
When was the last time you examined exactly where your dollars are going? Taking the time to review last months’ credit card statement can be enlightening. You may discover that most of the earnings left over after paying your basic personal and business expenses were being foolishly spent. That coffee before work every morning? That...
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Estate planning essentials
Planning your estate is an important part of managing your financial affairs. It allows you to pass on your assets to intended people in your life while minimising adverse tax implications. When planning your estate, consider the following: Having a valid, up-to-date Will First and foremost, individuals should have a valid and up-to-date Will. A...
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Tax compliance and the sharing economy
The ATO is reminding those who work in the sharing economy to be aware of their tax obligations.The sharing economy connects buyers (users)and sellers (providers) through a facilitator who usually operates an app or a website. Some popular examples include Airbnb, Stayz, Uber, Deliveroo, Airtasker and so on. It is often overlooked by providers of...
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Fringe Benefit Tax
The Fringe Benefit Tax (FBT) is a tax that employers are required to pay if they have provided benefits to employees, or an associated party, as part of or in addition to a wage or salary package. The FBT year runs from the 1 April to 31 March. We created a list of some examples...
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Basic Accountancy Terms
Accounting can be an intimidating and hard-to-understand industry if you’re not involved in it. Like many specialised fields, there are plenty of terms that can confuse those looking to seek financial advice, and this can make it challenging to find the solution best for you. We thought it would be helpful to explain some of common accounting terms,...
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Our Locations
Stirling
Suite 6, 36 Cedric Street
Stirling WA 6021 (08) 9440 7100
businessgrowth@propelbg.com.au
South Perth
Suite 50, 15 Labouchere Road
South Perth WA 6151 (08) 9474 3355
businessgrowth@propelbg.com.au
Karratha
Unit 4 / 16 Hedland Place
Karratha WA 6714 (08) 9144 1066
businessgrowth@propelbg.com.au
