Entries by Salisbury Accountants & Business Advisors

Salisbury Accountants named Australian Accounting Awards finalist

Australian Accounting Awards 2022 Finalists announced

Salisbury Accountants & Business Advisors have been shortlisted as finalist in the Regional/Suburban Firm of the Year category in this year’s Australian Accounting Awards.

Salisburys Director Ben Gay said, “We are really excited to have been selected as a finalist in the Australian Accounting Awards Regional / Suburban […]

COVID-19 test expenses

From 1 July 2021, if you pay for a COVID-19 test for a work-related purpose, you can claim a deduction.

This only applies if you’re an employee, sole trader or contractor.

When you can claim COVID-19 testing

From 1 July 2021, to claim a deduction for the cost you incur to pay for a COVID-19 test, […]

7 Best Practices in Digital Transformation of a Business

The ‘digital revolution’ is not exactly new…

But we still see businesses battling with basic things.

Financial reporting is an example… where leaders may need multiple reports from different systems to see their bank balance, accounts receivable, invoicing status, payroll, sales performance, timesheets, and so on.

Not surprisingly, businesses continue to invest in digital, data, and analytics to […]

2022/23 Federal Budget

1. Personal income tax changes

1.1 Increase to low and middle income tax offset (‘LMITO’)

The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be provided in the form of an increase to the existing LMITO. This will increase the maximum LMITO benefit to $1,500 […]

Strengthening Your Brand

What is Involved and Why Does it Matter?

Most business leaders agree that branding is important in business.

Given the opportunity, they’d like to strengthen their brand to generate more leads, grow sales and increase customer loyalty.

How do you ‘strengthen a brand’? It can get murky at this point… so let’s take a closer look.

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