Max Margin Accountants

TurboTax or Accountant

TurboTax or Accountant: Which One Suits Your Tax Needs Best?

Choosing the right method for preparing and filing your taxes in Australia is a critical decision affecting your financial health and peace of mind during tax season. This choice often boils down to two popular options: using a tax software program like TurboTax or hiring a professional accountant. Each approach has advantages, suited to different …

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6 Reasons Why Bookkeeping is Vital for NDIS Providers

Bookkeeping is vital for NDIS providers, ensuring smooth operations and compliance with regulations. It’s the foundation that supports informed decision-making and growth. By managing finances efficiently, providers can concentrate on their core mission of assisting individuals with disabilities. This necessity goes beyond financial tracking; it’s about strategic resource management. With effective bookkeeping, NDIS services can …

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Tax Savings

7 Tax Reduction Strategies for High-Income Earners in Australia

In Australia, high-income earners have the potential to reduce their tax liabilities through well-informed strategies significantly. This blog will introduce seven effective tax reduction techniques, each tailored to the unique financial landscape of high earners. We’ll cover a range of approaches, from intelligent property investment decisions to optimising deductions and setting up a discretionary trust. …

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5 Reasons Why Your NDIS Business Needs An Accountant

5 Reasons Why Your NDIS Business Needs An Accountant Running a successful NDIS business involves juggling numerous responsibilities, from providing quality care to managing finances. While you may excel in caring for individuals with disabilities, the financial aspects of your business can be equally demanding.  This is where an accountant can be your greatest asset. …

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MYOB vs Quickbooks vs Xero: Which Accounting Software is Best for Your SMB?

Managing your finances effectively is crucial for your small or medium-sized business (SMB) success. With the advent of technology, numerous accounting software options are available to streamline your financial processes and make your life easier.  Three popular choices among SMBs are MYOB, Quickbooks, and Xero. But how do you determine which one is best suited …

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How to apply for ABN as a contractor in Australia

How To Apply for an ABN as a Contractor?

Working as a contractor offers flexibility and autonomy, making it an increasingly popular choice for professionals across various fields. If you’re venturing into contracting in Australia, one of your first essential steps is to apply for an Australian Business Number (ABN).  MaxMargin Accountants understands the importance of this process, as an ABN not only legitimises …

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Small Business Tax Accountants

Top 5 Tax Deductions for Small Businesses in Melbourne

Running a small business comes with many complexities, not the least of which is navigating Australia’s tax laws and regulations. While daunting, understanding how to legally minimize your tax burden through deductions and exemptions can provide a major boost to your bottom line. In this post, we’ll outline the top 5 most valuable tax deductions …

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NDIS Bookkeeping Services

3 Reasons to Opt for MaxMargin Accountants for Your NDIS Bookkeeping Needs

Navigating the financial intricacies of NDIS (National Disability Insurance Scheme) can be a challenge. Proper bookkeeping is essential for effective fund management and compliance. This is where MaxMargin Accountants step in. Our specialised services cater to your NDIS business bookkeeping needs, providing you with the peace of mind and support you deserve. 1. NDIS Expertise …

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The Hidden Puzzle of Business Finance: Current Business Liabilities Explained

Unravelling the mysteries of business finance may seem like a daunting task. With terms like balance sheets, equity, accounts payable, and accruals, it’s easy to feel overwhelmed. But amongst these terms lies a critical piece of the business finance puzzle that is both crucial and intriguing – Current Business Liabilities. As you dive deeper into …

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