360 Partners

We are thrilled to share that our team had an incredible time at the Australian Accounting Awards 2024 in Sydney ! It was an honour to be among the best in the industry and celebrate our achievements together.

A huge thank you to everyone who supported us - this recognition is a testament to our hard work and dedication. Here’s to many more milestones and successes ! ⭐️⭐️

🗓️ Attention, everyone! The financial year has ended as of 30 June 2024. 📅 It's time to mark your calendars with these important upcoming due dates to ensure a smooth and compliant start to the new fiscal year:
🔹 July 14: STP Finalisation
🔹 July 22: Payroll Tax Annual Reconciliation
🔹 July 28: Superannuation guarantee contributions due for the quarter ending 30 June 2024.
🔹 July 28 OR August 25: June 2024 Q BAS (25/08 due date is with tax agent lodgement deferral. Ask us how !
🔹 August 22: TPAR Lodgements

Stay ahead and avoid last-minute stress by preparing early. We're here to help with all your accounting and tax needs! Reach out to us for any assistance. 📞📧

* A reminder of some of the lodgement obligations for businesses when wrapping up your 2024FY tax affairs. Please check your specific circumstances to ensure you meet all of the relevant obligations beyond those noted in this post.

Exciting News! 360 Partners Accountants named as finalists at the 2024 Australian Accounting Awards!
We are thrilled to share some fantastic news with you. 360 Partners has been selected as a finalist in five prestigious categories at the 2024 Australian Accounting Awards! This recognition highlights our commitment to excellence and the high-quality service we provide to our clients. The categories in which we have been recognized are:

• Boutique Firm of the Year (Less than 20 Employees)
• Property Specialist Accountant of the Year
• Regional/Suburban Firm of the Year
• Wellness Program Initiative of the Year
• New Partner of the Year

These nominations reflect the hard work and dedication of our entire team, as well as the trust and support that our valued clients, have shown us. We are especially proud to be acknowledged for our wellness initiatives and our specialised services in property accounting, demonstrating our holistic approach to both client service and employee wellbeing.

The winners will be announced at the Australian Accounting Awards ceremony, which will be held at the Hyatt Regency Sydney on Thursday, 20 June 2024. We look forward to this event and are optimistic about bringing home some wins!

Many people hear the words "tax planning" and think its about saving a few dollars here and there. Yes that's worthwhile but hardly going to to change your life. Our 360 Navigator Tax Planning solution focuses on short, medium and long term tax savings that often run into the tens of thousands or hundreds of thousands of dollars. And we do this everyday with our business clients and family groups. Call us today for an no obligation discussion on how we can help 03 9005 4900 or [email protected]

Are you behind in your business or personal taxes? No problem. Now is the time to get things up to date and avoid receiving a large ATO failure to lodge fine (and avoid triggering an ATO audit of what has been lodged). Contact 360 Partners today and we will get you up to date with the lowest possible tax outcomes (or maybe even get you some money back). 0390054900 or [email protected]

At 360 Partners, we have an incredibly talented team that dedicates their days to solving complex client issues. Behind the scenes, the work we do is often highly technical, and mixed with various deadlines can have a reasonable degree of intensity associated with it.

To maintain any high-intensity activity, optimal results are normally achieved by having a healthy body and a healthy mind. To that end, we are proud to have our next 360 Partners Wellbeing Day on Monday 24th April 2023. The business will be closed on that day to recognise the amazing efforts of the team and to offer a small recharge and refresh for everyone at 360 Partners.

We love collaborating with our clients and solving their problems and this is one way we can help the team maintain the energy needed to get the best results every day.
Regards From The 360 Team

Thinking about selling your business? Don't pay more tax than you need to. The CGT business concessions provide very generous tax outcomes but often you need to arrange your affairs to meet certain eligibility requirements. With the right approach the total tax payable on the gain may be nil. That's right no tax at all - leaving all the hard earned money for you to enjoy. Don't leave it until the last minute. We have saved clients millions of dollars in tax by applying these concessions in the most effective way, Contact us today 03 9005 4900 or [email protected]

Extra relaxing holidays. A new car. School fees. Early retirement. If only you paid less tax. Do people really save tens of thousands of dollars in tax each year (legitimately)? Yes they really do. At 360 Partners we love working with clients to minimise their taxes. And, using our proprietary tax planning solution we are pretty good at it too (don't worry we only deploy legitimate methods and strategies so that you can sleep easy). You work hard to earn your money so don't throw it away on taxes without getting the best advice first. Call us today on 03 9005 4900 or email [email protected]

Yikes! The Government announced a massive spend on ATO audit resources last night to crackdown on dodgy tax. Just remember there are grey zones and then there are red zones. If you operate in the latter then our advice is .....sleep with one eye open. If you are worried about your level of compliance, contact us today and we can get you back on track. 0390054900 or [email protected]

360 Partners 360 Partners provides proactive taxation and accounting solutions to businesses throughout Australia

If you have an investment property (ahem.. or rented holiday home) beware. The ATO 2021FY random audit program detected 9 out of 10 were incorrectly reported and required adjustment (some with penalty). The low hanging fruit for audit being self lodged and dodgy tax agents. Get it right for 2022FY. Contact us today 0390054900 or [email protected]

360 Partners 360 Partners provides proactive taxation and accounting solutions to businesses throughout Australia

Are you behind in your business or personal taxes? No problem. Now is the time to get things up to date and avoid receiving a large ATO failure to lodge fine (and avoid triggering an ATO audit of what has been lodged). Contact 360 Partners today and we will get you up to date with the lowest possible tax outcomes (or maybe even get you some money back). 0390054900 or [email protected]

360 Partners 360 Partners provides proactive taxation and accounting solutions to businesses throughout Australia

Good for a laugh. It seems our tax legal framework is valid after all. Every now and then these cases pop up and its really quite hard to believe people attend conspiracy theory style seminars. The messaging is that people are sovereign citizens and not subject to tax laws or something along those lines. Anyway this guy was fine $14,000 by the AAT for claiming $74,501 in work related deductions against his PAYG income. Not surprisingly his legal argument was rejected.

‘Voluntary tax’ seminar costs WA man $14,000 A WA man has been fined for trying to claim $74,501.72 as “other work related expenses” on his 2019 tax return.

Business Vic registration now open - limited places. The new Vic Government business grant program provides $2,000 grant funding to support businesses to access accounting or legal professional advice as a contribution towards costs associated with professional service fees where the minimum project cost is $2,000 (ex GST).

New Business Grant & Registration Process - 360 Partners The new Victorian Government grant program provides $2,000 grant funding to support businesses to access accounting or legal professional advice…

Finally a decent tax incentive to encourage take up of Electric Vehicles (EV's) in Australia. The legislation has been introduced with a planned effective date of 1 July 2022. This could save thousands per annum for anyone interested in acquiring an EV. Watch this space.

I'll take your shoebox of client records and raise you a trolley. Client is obviously still working on their tech stack. :)

How much tax will I pay on $100,000? Well, it depends. With all the weird and wonderful nuances of the Australian tax system there is often a range of different tax outcomes that we can achieve for a client. The reality is that tens of thousands of dollars in tax is paid (wasted?) every year by small business owners that are unaware of opportunities to save. So, one thing is for sure. If you have an accountant that is inclined to spit out cookie cutter tax returns, then you are unlikely to find any of these tax savings. When it comes to tax its worth investing in good advice. Call us today on 03 9005 4900 or [email protected]

Big Savings From Tax Planning For Small Business - 360 Partners Many small business owners think that tax planning and tax strategy is only for the realm of large business. Well…

At 360 Partners, we have an incredibly talented team that dedicates their days to solving complex client issues. Behind the scenes, the work we do is often highly technical, and mixed with various deadlines can have a reasonable degree of intensity associated with it.

To maintain any high-intensity activity, optimal results are normally achieved by having a healthy body and a healthy mind. To that end, we are proud to have our second 360 Partners Wellbeing Day on Friday 11 March 2022. The business will be closed on 11 March 2022 to recognise the amazing efforts of the team and to offer a small recharge and refresh for everyone at 360 Partners.

We love collaborating with our clients and solving their problems and this is one way we can help the team maintain the energy needed to get the best results every day.
Regards From The 360 Team

Reflecting back on the 2021 year - what a roller coaster it has been. This time last year most of us thought the challenges of lockdowns were a thing of the past and then came the first of several pandemic curveballs that have plagued 2021. The good news is that people and businesses are spending and that spending is having a positive impact on our clients and their businesses and investments. So, for now, the financial landscape is stable and, in some areas, very healthy.

With that in mind, we are very grateful to have such a diverse and interesting 360 Partners community - both external and internal. We have incredibly resilient clients doing some truly amazing things and we have an internal team that are all first-class operators. Once again, it has been a real privilege to assist so many loyal clients and their businesses throughout 2021.

From all of us at 360 Partners - thank you for partnering with us in 2021 and we look forward to a big year in 2022.

Congratulations to Huy Tu (360 Associate and team leader) for being selected as a finalist for this year's Australian Under 30 Accountants Awards - public accountant category. This award category recognises expertise in tax and compliance services and extending to help clients achieve their financial and lifestyle goals. It's quite an honour to be selected as a finalist and we look forward to seeing what happens on the event night December 3rd at the Star in Sydney. Let's go for gold Huy! Well done.

Well we finally have clarification from the Victorian Government on their latest tax grab. Too bad if you are a farmer that owns more than 2 hectares on urban fringe. If your area is rezoned you've got 30 years max (if you don't sell) to stump up some big cash. PS this doesn't just apply to farm land its all rezoning across zone categories. Get your affairs in order asap.

At 360 Partners, we have an incredibly talented team that dedicates their days to solving complex client issues. Behind the scenes, the work we do is often highly technical, and mixed with various deadlines can have a reasonable degree of intensity associated with it.

To maintain any high-intensity activity, optimal results are normally achieved by having a healthy body and a healthy mind. To that end, we are proud to have our first 360 Partners Wellbeing Day on Monday 27 September 2021. The business will be closed on Monday 27 September to recognise the amazing efforts of the team and to offer a small recharge and refresh for everyone at 360 Partners.

We love collaborating with our clients and solving their problems and this is one way we can help the team maintain the energy needed to get the best results every day.

Regards From The 360 Team

Is your accountant charging for every phone call or contact? Does your accountant return your calls the same day? Does your accountant take weeks or months to complete your work? THAT IS NOT GOOD ENOUGH. That is a completely dysfunctional advisory relationship that will not help you and your business. It's time for change - contact us for a no-obligation discussion about your business and get the help you need and deserve. 03 9005 4900 or [email protected]

360 Partners 360 Partners provides proactive taxation and accounting solutions to businesses throughout Australia.

HOW DO YOU INCREASE YOUR BUSINESS REVENUE? Former Google Chairman Eric Schmidt summed up the benefits of revenue growth very simply.... ”Revenue Solves All Problems in Business”. Let us know what variable you focus on in the revenue growth equation?

18% PROFIT GROWTH THE EASY WAY. Can you make these three changes to your business? This demonstrates just how important it is to understand your numbers and how the major variables impact your bottom line. The powerful combination of some minor price increases and minor reductions in your cost of sales and operating costs can have a dramatic impact on your profitability. 2% changes are manageable - imagine you could make 5% changes. The net profit increases by a massive 45% !!!! We would love to work with you and your business to help improve analytics and then ensure you don't throw it all away in tax. Contact us at [email protected] or 0390054900

360 Partners 360 Partners provides proactive taxation and accounting solutions to businesses throughout Australia.

For us accounting and tax geeks, this is an exciting time of year. Reflecting on last year, we saw a bit of everything. Some businesses faced big challenges. Some just got by and some really smashed it out of the park which is remarkable in the midst of a global pandemic. So to all of our clients and community - best wishes for this new year and we look forward to helping again in FY22.