Tax and the Sharing Economy

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.0.47″][et_pb_row admin_label=”row” _builder_version=”3.19.12″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=””][et_pb_column type=”3_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text admin_label=”Text” _builder_version=”3.19.12″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”] The sharing economy is a way of connecting buyers and sellers, usually via an online platform.  Popular sharing economy services are: ride-sourcing services for a fare (Uber); renting out a room or house […]

8 tips to help you transition from corporate life to small business owner

Transitioning from corporate life to business owner can be difficult

The disruption from COVID–19 has resulted in many employees eyeing off a future as a small business owner. Certainly, independence and being in control of your own destiny are appealing to those from the corporate world. The world of small business is a specialised skill that requires the owner to be the CEO, CFO, COO, […]

How to reinvent your small business in 2021

how to reinvent your business

Without a doubt 2021 will be the most important year in business in our lives. That may sound dramatic; however, it is now almost six months since the coronavirus pandemic took hold in Australia so there is no better time to reinvent your business.  Accounting Professionals Partner, Nick Fitzgerald spoke to hundreds of business owners […]

Small business bounce back vital to Illawarra’s economic recovery

Small business shop local

While Covid-19 lockdown restrictions have eased, allowing many small businesses to re-open, Accounting Professional Director of Business Services Garry Pinch believes innovative thinking by small business operators and further government assistance will be necessary to avoid small business failure and damage to the local economy. “With 7 out 10 people in the Illawarra employed by […]

Assistance for your business to cope with the Coronavirus effects

Coronavirus Pandemic

As a business owner during the Coronavirus pandemic (Covid-19), you need to face the possibility of team members being absent from your workplace, product supply issues and demand for your services and products reducing over the short term. There are three urgent things you need to be aware of : Government Stimulus Package – Our […]

Accounting more than a numbers game for Lisa

Accounting Professionals

Tax and Accounting Manager, Lisa Bassingthwaighte, recently celebrated 20 years’ service with local accounting firm, Accounting Professionals.  While the words tax and accounting may conjure up images of tedious paperwork for many of us, Lisa explains her longevity and career satisfaction is more about establishing trust and relationships with clients than simply crunching the numbers. […]

Close call for Eden

Gamble paying off for Eden

Trainee accountant Eden Close certainly hasn’t followed the traditional path to a career in accounting and finance.  The 24-year-old from Bega on the NSW far South Coast veered off the well-travelled path from school to university before settling in at Shellharbour firm, Accounting Professionals. Not one for doing things by-the-book Eden left school in Year […]

Seek trusted financial advice

seek trusted financial advicence in the financial system

In response to the recommendations of the Banking and Financial services Royal Commission and the ASIC Enforcement Review Taskforce Report, the government has proposed new enforcement and supervision powers for ASIC to restore consumer confidence in the financial system, particularly in relation to financial advice. These new powers include enhanced licencing, banning, warrant, and phone […]

Support for bushfire victims

Support for bushfire victims

As bushfires continue to rage across the country, bushfire support for devastated communities are coming from all sides and the ATO is no exception. It has announced automatic deferrals for lodgement and payments for taxpayers in impacted postcodes in the states of NSW, Victoria, Queensland and South Australia. BAS deferrals up to 21 March 2020 […]