Harvie Dynes & Associates Accountants
Ph: (03) 9459 8411
Suite 105 Level 1 40 Burgundy Street Heidelberg
Harvie Dynes & Associates Accountants
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Article Archive

Here you will find an archive of all past articles and news stories for your convenience.
The Land of Business Start Up Opportunities

A recent study suggests Australia has the second highest rate of start‐up businesses in developed countries behind the United States. According to research compiled by the Australian Centre for Entrepreneurship (ACE) in partnership with the Global Entrepreneurship Monitor (GEM), one in ten of all Australians are involved in an early stage enterprise.

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Top Web Tools For Business Owners

Technology can give your business a competitive edge and there are a number of web based tools available to help business owners. Most of the tools listed below are designed to help you develop, manage and grow your business.

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7 Things Your Business Should Be Doing In 2013

Let’s face it, most small business owners are time poor. It’s no surprise given you need to juggle the management of staff, bookkeeping, invoicing, marketing and daily business operations. You also need to monitor the economy, industry trends and technological change.

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Thinking Of Starting Your Own SMSF?

The loss of investor confidence in superannuation fund managers combined with the lure of controlling your own financial destiny has seen an explosion in the number of Self Managed Super Funds (SMSF) in this country.

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Small Business Motor Vehicle Tax Write-off

The Government will provide Australian small businesses with an instant tax write-off of the first $5,000 of any motor vehicle purchased from 2012/13. For example, a tradesman on a 30% marginal tax rate, buying a new $33,960 ute would receive an extra tax benefit of $1,275 in the year he purchases the vehicle. 

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Turn Old Customers Into New Business

If you’re like most small business owners, you want to build a business without spending a fortune on advertising and promotion. Instead, you want to cultivate repeat business and maximize referrals from satisfied customers.

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Do You Really Need A Website?

Australian consumers are becoming increasingly comfortable buying their goods online. This has created a wave of controversy recently with prominent business owner Gerry Harvey petitioning the Government to start charging GST on all products purchased online from overseas.

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Start Your Business Engines

A recent report from the ABS titled, ‘Australian Business Entries and Exits' has just buried the myth that four out of five businesses fail in the first year of operation.

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Thinking Of Starting A Small Business?

There are a number of factors you need to consider regarding the right structure for your new business. These include the type of business you are setting up, if and how many others are involved in the business, how you want profits (or losses) to be shared and who is going to be legally liable for the debts of the business.

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When Itís Time To Sell Your Business...

It is forecast that 41% of Australian businesses will change hands in the next five years as most owners near retirement age. This would represent the largest shift in business ownership in Australia's history and could have serious consequences for business owners, particularly those relying on the sale proceeds to fund their retirement.

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Your Website Is Your Marketing Hub

In the current economic climate your marketing has to achieve more for less. Increasingly your website will be the first point of contact with potential new customers and what type of impression are you making? History tells us that businesses that make the right marketing moves now will emerge from the downturn in a stronger position.

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Know Your Key Numbers

So how do you recognise the warning signs in a business? Key Performance Indicators or KPIs let you monitor what is happening in the business and the power of KPI's comes from a simple concept - What you can measure you can manage.  KPIs let you know where you stand at any given moment so you can adapt or change your strategy to improve your results right there and then.

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Negative Gearing - Flavour Of The Month?

Buying and negatively gearing an investment property is a well established practice in this country with approximately 30% of residential properties now owned by investors. Many of our clients have successfully grown their wealth using this long term, tax effective strategy but we have also seen some financial disasters.

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Become A Business Brain Surgeon

Are you working longer and taking home less than your staff? Are you working all hours of the day and night and still barely managing to keep your customers happy? Are you unable to delegate or outsource work to give you more time to work on your business? If the answer to any of these questions is yes, maybe its time you learnt what Brain Surgeons do.

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New Small Business and General Business Tax Break

The Federal Government previously announced that it would introduce a temporary 'investment allowance' giving business owners an additional tax deduction equal to 10% of the cost of eligible depreciating assets. The tax deduction is on top of the usual capital (depreciation) deduction. The Government has now 'upped the ante', increasing both the amount and the scope of the allowance to be known as the 'Small Business and General Business Tax Break'.

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What is Negative Gearing?

By definition, Negative Gearing is where you borrow to acquire an investment and the interest and other costs you incur exceed the income you receive from the investment. While Negative Gearing is commonly associated with rental properties, it can also be applied to other types of income-producing investments such as shares and managed funds.

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How To Save Dollars On Your Mortgage

It’s always surprising to learn how many people stick to monthly home loan repayments. By paying fortnightly you can save thousands of dollars simply because there are 26 fortnights in a year.

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Play It Safe With Online Banking

Understandably, some people have reservations about the security of online banking. After all, if I can access my own details via the internet, can someone else do the same?

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Audit Hit List

If you bought or sold an investment property in the past year, pocketed some of those resource stock profits or continued to make losses on your rental property then there is every chance you will receive a letter from the Australian Taxation Office. Between now and October the Tax Office will be writing to people it thinks might need ‘help’ complying with the law when preparing their tax returns.

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Driving Your Tax Dollar Further ...

If you use your car for income producing purposes, you could be entitled to claim a tax deduction for motor vehicle expenses. Once you have established your entitlement to claim your motor vehicle expenses, you can then select one of four methods and apply the one that provides the highest possible tax deduction.

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