SumTotal Accounting and Business

🚀 𝗕𝗼𝗼𝘀𝘁 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀'𝘀 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄! 🚀 Struggling to maintain quality while cutting costs? We've got you covered! Discover how to streamline expenses without sacrificing service or product quality. From leveraging technology to outsourcing non-essential functions, our latest article offers practical tips to enhance your profit margins. 📈 Ready to transform your business? Read the full article on our website and start saving today: https://lnkd.in/gRwWHa7A 🌟 #SmallBusiness #CashFlow #CostCutting #BusinessGrowth #Efficiency #Sustainability

🎉✨ 𝗪𝗲’𝗿𝗲 𝗕𝗮𝗰𝗸! ✨🎉 Happy New Year from all of us at SumTotal Accounting and Business! 🥂 We hope you had a wonderful holiday season. Our office will reopen on 𝗠𝗼𝗻𝗱𝗮𝘆, 𝟬𝟲 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟱, and we’re excited to assist you all in the year ahead. Let’s make 2025 a year of growth, success and prosperity together! 💼💪 #BackToBusiness #NewYear #SumTotalAccountingandBusiness

🎄𝗠𝗲𝗿𝗿𝘆 𝗖𝗵𝗿𝗶𝘀𝘁𝗺𝗮𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗦𝘂𝗺𝗧𝗼𝘁𝗮𝗹 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 & 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗣𝗵𝗶𝗹𝗶𝗽𝗶𝗻𝗲𝘀 𝗧𝗲𝗮𝗺! 🎄 As we celebrate this joyous season, we want to extend our heartfelt gratitude to all our clients. Your support and dedication have made this year truly special. May your holidays be filled with love, laughter, and prosperity. Here's to a bright and successful New Year ahead! 🌟 𝗛𝗮𝗽𝗽𝘆 𝗛𝗼𝗹𝗶𝗱𝗮𝘆𝘀! 🌟 #SumTotalAccounting #Christmas #PhilippinesTeam #HolidayCheer 🎅🎁

🎄✨ 𝗛𝗼𝗹𝗶𝗱𝗮𝘆 𝗖𝗹𝗼𝘀𝘂𝗿𝗲 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁 ✨🎄 From all of us at SumTotal Accounting and Business, we wish you a joyous holiday season and a prosperous New Year! 🎉 Please note that our office will be closed from 20 December 2024 to 05 January 2025. We'll be back on 06 January 2025, ready to assist you with all your accounting needs. Thank you for your continued trust and support. Have a safe and happy holiday season! 🥂 #HolidaySeason #ClosureDates #SumTotalAccounting

𝗟𝗼𝗼𝗸𝗶𝗻𝗴 𝗳𝗼𝗿 𝘄𝗮𝘆𝘀 𝘁𝗼 𝗯𝗼𝗼𝘀𝘁 𝘆𝗼𝘂𝗿 𝘀𝘂𝗽𝗲𝗿𝗮𝗻𝗻𝘂𝗮𝘁𝗶𝗼𝗻 𝗯𝗮𝗹𝗮𝗻𝗰𝗲 𝗯𝗲𝘆𝗼𝗻𝗱 𝗿𝗲𝗴𝘂𝗹𝗮𝗿 𝘀𝗮𝗹𝗮𝗿𝘆 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀? The end of the year can be a prime opportunity to put money towards super contributions, especially if you receive a yearly bonus or received a larger-than-expected tax refund. Even small contributions today can make a big difference tomorrow. Every little bit counts when it comes to growing your super! If you’re looking for where you could find extra money for super contributions, why not get some ideas from our latest End Of Year Update (2024).? Over time, the compound growth in your super can turn small contributions into a substantial retirement fund. Plus, in our latest issue of End Of Year Update, learn about the new right to disconnect, critical tasks to do before the end of the year or even about the power of charitable giving on your tax return. Learn more about these in our latest newsletter issue ➡️ https://lnkd.in/gJKsCX_F

𝗪𝗵𝘆 𝗬𝗼𝘂 𝗦𝗵𝗼𝘂𝗹𝗱𝗻’𝘁 𝗗𝗶𝗽 𝗜𝗻𝘁𝗼 𝗬𝗼𝘂𝗿 𝗦𝗠𝗦𝗙 𝗳𝗼𝗿 𝗖𝗵𝗿𝗶𝘀𝘁𝗺𝗮𝘀 🎄 The festive season is a time of joy and giving, but it can also bring financial stress. If you’re an SMSF member, you might be tempted to access your super early to ease holiday pressures. But did you know this could lead to serious legal and financial consequences? 🤔 Your superannuation is designed for your retirement, not as an emergency fund. Before making any decisions, read our latest article to understand the risks, legal rules, and safer alternatives to protect your financial future. Stay informed and safeguard your super this holiday season! 🌟 👉 Read more: https://lnkd.in/gUb7M89P

𝗘𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗧𝗮𝘀𝗸𝘀 𝘁𝗼 𝗧𝗮𝗰𝗸𝗹𝗲 𝗶𝗻 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿? Before you dive into the holiday spirit and get ready for the office Christmas party, take a moment to set your business up for a great start to the new year! From staying up-to-date with tax changes, organising receipts and invoices or even reviewing your business structure, some tasks won’t wait until after the holidays. But, by taking these steps now, you'll wrap up the year on a high note and be ready to hit the ground running in January! Why not read more about it in our upcoming End Of Year Update 2024 (Essential Business Accounting Tasks to Tackle in December)? Our latest newsletter is filled with the information you need to know about compliance, the holidays and things you might need to know about for the new year as a business or individual. We’re the team who can help you with your end-of-year accounting tasks and prepare you for 2025. Find out more in our newsletter here ➡️ https://lnkd.in/gJKsCX_F

💡 Selling a rental property in Australia? Capital Gains Tax (CGT) could impact your bottom line if your property has appreciated in value. From calculating gains and losses to uncovering potential exemptions, understanding CGT is key to planning your sale effectively. ✅ Learn how to determine your cost base, handle joint ownership, and apply discounts or rollovers. 📊 Real-life examples included! 👉 Read the full article on our website for everything you need to know about CGT on rental properties: https://lnkd.in/g85DhnFN

𝗦𝘁𝗿𝘂𝗴𝗴𝗹𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗕𝗮𝗱 𝗗𝗲𝗯𝘁? 𝗛𝗲𝗿𝗲’𝘀 𝗛𝗼𝘄 𝘁𝗼 𝗧𝗮𝗸𝗲 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 💰 Bad debt is a reality for many businesses, but it doesn’t have to derail your cash flow. From setting clear payment terms to incentivizing early payments, small changes can make a big impact on managing uncollectible receivables. Discover 10 practical tips to protect your business and improve your bottom line. 👉 Read the full article on our website: https://lnkd.in/gPAh2FD5 #CashFlow #BadDebt #BusinessTips #AccountingAdvice

📢 𝗔𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝗖𝗹𝗶𝗲𝗻𝘁𝘀: 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝘁𝗼 𝗦𝘁𝘂𝗱𝘆 𝗮𝗻𝗱 𝗧𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝗟𝗼𝗮𝗻 𝗜𝗻𝗱𝗲𝘅𝗮𝘁𝗶𝗼𝗻 📢 Great news for those with study or training loans! The government has passed new legislation changing how annual indexation is calculated. Here’s what you need to know: ✅ 𝗞𝗲𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: • Indexation will now use the lower of the Consumer Price Index (CPI) or the Wage Price Index (WPI). • This change is backdated to apply from 1 June 2023. 📉 𝗥𝗲𝘃𝗶𝘀𝗲𝗱 𝗜𝗻𝗱𝗲𝘅𝗮𝘁𝗶𝗼𝗻 𝗥𝗮𝘁𝗲𝘀: • 1 June 2023: 3.2% (down from 7.1%) • 1 June 2024: 4% (down from 4.7%) 𝗪𝗵𝗮𝘁 𝗛𝗮𝗽𝗽𝗲𝗻𝘀 𝗡𝗲𝘅𝘁? • The ATO is recrediting excess indexation amounts directly to affected loans. • If your loan is in credit after the adjustment, the surplus will transfer to your Income Tax account, offset other debts (if applicable), and any remaining balance will be refunded to your nominated bank account. • Refund Timeline: Most adjustments will be completed by January 2025, but complex cases may take longer. 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗗𝗼: • Check and update your bank account details with the ATO to avoid delays in receiving refunds. • If a refund is sent to our agent account, we’ll reconcile and pass it on to you promptly. We recommend reviewing your account details or reaching out to us for assistance. For more information, visit ato.gov.au/studyloansnew. We’re here to help you navigate these changes! 💡