Scotts Chatered Accountants
Accounting Services in Greater Geelong

At Scots Chartered Accountants we identify that our role as your accountants means a lot more than fair taxation. Based in Geelong, we are here to provide you with proactive advice and solutions for all your business and personal accounting needs including the following areas: We have the knowledge and a specialist team to ensure that you and your business get the maximum professional and informed advice available today. The business world is continually temporary so we engage the latest technology and resources to keep you ahead of the game. We want to positively impact on our clients’ lives, their families and their communities by going overhead and beyond to produce the service and promote they need to lessen worry and enrich their future. We produce honest, flawless advice, employ the uppermost meticulous standards and demonstrate fairness is every action we take, providing our clients with greater quiet of mind. This is a vast read for those who are caught in that vicious spending cycle!.

In Larry’s current role as Client Manager he spends a lot of his time interacting with clients of all sizes to prepare their financial statements, tax returns, ABS’s as healthy as advising clients through their business affairs. Larry, like maximum at Scots enjoys a culture of Work hard, Play hard’, and is a key member in creating a laughter and fruitful work team. Since joining Scots Jess has become a vital member of the team providing not only a immense service to her clients but also playing a major role in the growth and development of Scots Chartered Accountants. famish’s main job at Scots entails preparing tax returns, financial statements and assisting the client managers. Claire enjoys meeting and making feel welcome all the clients at Scots and loves being portion of a firm working team. If you own an investment property, a depreciation schedule will more than likely present you some benefits. Maximum investment properties qualify and the process allows property owners to claim tax deductions through the wear and tear’ of their properties and items within. Many people look at the New Year as a appropriate time to start making changes in your life. A tax deduction for maximum gifts can be claimed in the tax return for the income year in which the gift is made. Included in this area of the rules are items such as: Given Australia’s love affair with property, it is small wonder that we are often asked about the impact of capital gains tax (CDT) on property. Neither of us has ever lived in the property. I have lived there ever since and plan to sell later this year. The instant asset write off is a tax deduction that reduces the amount of tax your business has to pay. Immediate in this context means that your business can claim a tax deduction for the asset in the equivalent income year that the asset was purchased and used (or installed ready for use). It means that businesses cannot stockpile riches and claim the immediate deduction for those assets. Depending on when you buy the wealth it might be another year earlier you can claim the deduction. A depreciating asset is an asset whose value you expect to decline over time. Applying these plain time management tips and tools will aid you get the most out of your work time and get more of the crucial stuff done. Check out our great article for some appropriate tips on how to plan your spending and set some financial goals! Financial management may not be the most exciting option, but budgeting, debt and cash flow management and tax reduction strategies can be very effective starting point in wealth creation and involves no risk at all. The team at Scots Chartered Accountants are superannuation experts who can help in establishing a superannuation fund that will effectively enable you to arrive your financial retirement goals. Of the above, financial management may not be the maximum exciting option, but budgeting, debt and cash flow management and tax reduction strategies can be very effective starting point in wealth creation and involves no risk at all. Despite the huge business focus during the election campaign, there is bottom smooth encourage to increase the threshold to access the vogue 28.5 small business company tax rate from 2m to 10m a position supported by Senator Xenophon’s team which holds three Senate seats (the Greens also supported the current reduced tax rate for small business).