Orange Accounting

Our friends at are offering all clients, friends and family of Orange Accounting a free PT session for the month of May & June! To claim the offer, just text 0410 557 743 with your preferred day/time to train and don’t forget to mention us 💪🏻

We thank you all for your business and support in 2023 and wish everyone a safe and happy holiday season.

Are you processing Payroll correctly?​​​​​​​​​​​​​​​​​​Employees are one of the most valuable assets to any business. Ensuring you have the correct processes in place when paying your staff is essential, not only from a legal point of view but also in terms of job satisfaction.

If you have any questions contact us and schedule a meeting.

The tax treatment of cryptocurrency in Australia is overseen by the Australian Taxation Office (ATO). Here are some key points to consider:​​​​​​​​​​​​​​​​​​- Taxable Events
- Capital Gains Tax (CGT)
- Record-Keeping
- ATO Guidelines
- Mining and Staking
- GST (Goods and Services Tax)
- Seek Professional Advice
- Online Tools
- Tax Reporting

It's important to note that tax regulations can change, so staying informed and seeking professional advice is crucial to ensuring compliance with current laws and regulations. Always refer to the latest guidelines provided by the ATO and consult with a tax professional for personalised advice based on your specific situation.

Contact us if you need more information.

The breakdown of the Types of Businesses in Australia.​​​​​​​​​​​​​​​​​​Sole proprietors = 784,744
Companies = 1,094,465
Public sector = 393
Partnerships = 223,048
Trusts =487,223

Need help deciding what structure is best for your business? Book a meeting today.

Are you drowning in household debt?​​​​​​​​​You're not alone. ​​​​​​​​​
Contact us to discuss some strategies to help ease your financial pressure.

Another happy client!

Don't let the fear of losing be greater than the excitement of winning.​​​​​​​​​​​​​​​​​​

Employing an apprentice can be a rewarding experience for both the apprentice and your business. Scroll through for some tips on how to effectively employ an apprentice:​​​​​​​​​​​​​​​​​​By implementing these strategies, you can create a positive and enriching experience for your apprentice, helping them develop valuable skills while contributing to the success of your business.

Overall, there were 2,589,873 actively trading businesses in Australia as of 30 June 2023.

In the world of numbers, spreadsheets, and calculators, the phrase "the customer is always right" might seem like an odd fit. After all, accounting is all about precision, accuracy, and unwavering rules. However, in the spirit of maintaining a harmonious client-accountant relationship, we propose a revolutionary idea: the customer is always right, even in the world of debits and credits!​​​​​​​​​​​​​​​​​​
In a profession where precision is key, the accounting world is realising that the customer is not just a number but a crucial part of the equation. By adopting a customer-centric approach, accounting firms are not only balancing the books but also creating lasting relationships with clients. So, the next time you're at your friendly neighbourhood accounting firm, remember: the customer is always right, even when dealing with the complexities of finance!

Did you know there are a range of grants available at business.gov.au. ​​​​​​​​​​​​​​​​​​If you’re doing business in Australia, this guided search will help you find grants, funding and support programs from across government.

All you need to do is answer a few questions about your business to find grants and programs you may be eligible for.

We can assist in the application.

Let us help you.​​​​​​​​​​​​​​​​​​

Teaching kids about saving money is crucial because it helps them learn how to manage their finances responsibly. ​​​​​​​​​​​​​​​​​​This includes planning for the future, being patient instead of spending impulsively, and having a safety net for unexpected expenses. It also introduces them to basic banking concepts, contributes to their overall financial knowledge, and sets the foundation for good habits like budgeting and building wealth.

Ultimately, it empowers children to make informed financial decisions and fosters independence and confidence in handling money.

FUN FACT​​​​​​​​​​​​​​​​​​If your car’s payload capacity is greater than 1Tonne it is not a car.

It’s that time of year! We have put together a guide on staff gifts.​​​​​​​​​​​​​​​​​​Contact us for more information.

WE LOVE HAPPY CLIENTS.​​​​​​​​​⁣"Jason and the team at Orange Accounting are highly professional and responsive. They have always gone above and beyond to help me with my business and I am very happy with their services."

Do you have a short-stay accomodation investment?​​​​​​​​​​​​​​​​​​Short-stay accomodation provided by companies such as Airbnb in Victoria could be subject to a levy as high as 7.5%.
Contact us today to chat about how this can affect your investment.

If you'd like to discuss what this means for your investment contact us today and schedule in a meeting.

They say that 'Behind every successful business there is a great accountant'.​​​​​​​​​​​​​​​​​​ So make sure your hire a great one. Contact Orange Accounting today.

Accounting fees are tax deductible, read through to understand the benefits of engaging a professional.

TAX MYTHBUSTER​​​​​​​​​>>Claim the maximum you can without receipts?​​​​​​​​​

EXPLANATION
The ATO will alow a total of $300 deductions from D1-D5 in your tax return for work related expenses without receipts. If you claim even $301 in your tax return you need to be able to substantiate receipts for all of your expenses. There are some expenses such as Motor Vehicle or travel expenses that can be claimed on a per km basis and per night of travel basis however you if the ATO requests for evidence there are other substantiation requirements such as providing a diary of the travel completed. Please make sure you use a tax agent to ensure you claim what you are entitled to.

Are you unsure of the differences between a Bookkeeper and a Tax Agent?​​​​​​​​​​​​​​​​​​You're not alone, slide through for a quick breakdown.

WE LOVE HAPPY CLIENTS.​​​​​​​​​"Thank you for your guidance and support. Very professional and knowledgeable. Jason and his team have been helping me for the last 8 years. Highly recommend."

The boss has increased the stakes with a team shopping spree to ensure we are the best dressed accounting firm in Melbourne 🤣​​​​​​​​​ Let us know your thoughts

Here are some important dates to remember when lodging your individual tax return.​​​​​​​​​​​​​​​​​​If you lodge your own tax return.
>> Due 31 October 2023

If you use a tax agent to lodge your tax return.
>> Due 15 May 2024

If you need a professional to lodge your tax return contact us
today and schedule a meeting.

We may spring clean our homes but have you spring cleaned your finances? Here are some tips to help: ​​​​​​​​​​​​​​​​​​1. Review your budget & update your financial goals
2. Assess/consolidate debt
3. Automate savings & bill payments
4. Create a financial calculator
5. Streamline accounts

Contact us today for more information.