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The HomeBuilder Program
The HomeBuilder program - government grants to eligible homebuilders and renovators The Government has announced the new HomeBuilder program to support jobs and boost demand in the residential construction sector at a time when the construction industry is facing extreme uncertainty. Prime Minister Scott Morrison says this will drive a "tradie-led recovery" of the economy. HomeBuilder.....

Latest Articles

2 September 2020
Self-managed super funds (SMSFs) have had a challenging year, with COVID-19 linked market uncertainty affecting income and returns. But SMSF trustees haven’t been sitting on their hands. One of the main reasons people give for wanting to establish an.....
2 September 2020
Many small business owners and sole traders will be breathing a sigh of relief following the extension of the JobKeeper scheme until March next year. At the same time, however, the ATO is stepping up its compliance activities. Here’s a roundup of some of.....
2 September 2020
If your New Year’s resolution was to spend less time glued to your phone, you’ve probably found that unexpectedly challenging this year. While the impact of COVID-19 differs from state to state, many of us have experienced social isolation and the call to.....
6 August 2020
Our resilience has been tested of late and continues to be, with the ongoing situation of the coronavirus pandemic throwing challenges our way. Resilience has certainly become a now frequently used buzzword, but what does it actually mean According to.....
6 August 2020
Selling a business you have spent so many years building up can be a difficult process, but getting the best price is not the only consideration. Tax has a big role to play in the financial result. That means the ATO will be paying close attention......
6 August 2020
Receiving an inheritance is always welcome, but people often forget the tax man will take a keen interest in their good fortune. When ownership of an asset is transferred, it triggers a capital gain or loss with potential tax implications. So what are the.....
21 July 2020
The Federal Government has today provided an update on the future of the Jobkeeper program. Whilst no doubt the finer details will be made available over the coming weeks, the fundamental updates are as follows: The Jobkeeper program will be extended.....
14 July 2020
The Victorian Government is providing a further $5,000 grant to Melbourne based businesses affected by Covid - called the 'Expanded Business Support Fund'. The basic requirements to be eligible for this grant are as follows: The business must operate.....
3 July 2020
We all want to be heard. Feeling truly listened to can boost your self-confidence, make you feel understood and strengthen the connection between you and others. In the workplace it can be the difference between feeling engaged or unappreciated. In the.....
3 July 2020
Family trusts have stood the test of time as a means of protecting family and business wealth, and managing the distribution of trust income in a tax-effective way. But the misuse of these tax benefits by a small minority periodically puts trusts in the.....
3 July 2020
With June 30 behind us and the economy slowly re-opening, most business owners are thinking about the challenge of repairing and rebuilding their finances after the COVID-19 lockdown. Over the next few months, key tests will come with the withdrawal of.....
11 June 2020
Instant asset write-off extended To further support Australian businesses through the fallout resulting from COVID-19, the government has extended the $150,000 instant asset write-off for an additional six months to 31 December 2020. Initially announced.....
11 June 2020
The HomeBuilder program - government grants to eligible homebuilders and renovators The Government has announced the new HomeBuilder program to support jobs and boost demand in the residential construction sector at a time when the construction industry.....
4 June 2020
The two cash flow boosts provided by the federal government to help businesses deal with the COVID-19 emergency have largely been overshadowed by the JobKeeper program, but they could provide valuable financial support to organisations that qualify. Some.....
4 June 2020
With COVID-19 dominating everyone’s thoughts, employers are being offered a brief window of opportunity to get their tax affairs in order with the new Superannuation Guarantee (SG) amnesty. There is also a range of virus related assistance on offer to help.....
4 June 2020
It always takes some planning to get your finances in order for the end of financial year, and this year may look a little different, come June 30. The COVID-19 pandemic may have impacted your circumstances and therefore your situation could be looking.....
5 May 2020
With many people now working from home because of COVID-19, some of the expenses your employer normally covers – such as electricity, heating and cooling – are coming out of your pocket instead. Some employers provide a daily allowance to help with.....
5 May 2020
The recent sell-off on global sharemarkets due to the economic impact of COVID-19 has highlighted the risks of depending too heavily on a single asset class. Even before the current crisis, the ATO was concerned about a minority of self-managed.....
5 May 2020
As all leaders can attest to, no leadership role is smooth sailing. There will inevitably be the occasional storm coming over the horizon, with different challenges you need to respond to. Sometimes these challenges will be unprecedented, such as the.....
3 April 2020
In regards to the ongoing developments with the COVID-19 pandemic, we want to provide an update on the actions Scott Partners are taking to safeguard the health and safety of our clients, staff and their families. Online Tax Consultations Scott Partners.....
2 April 2020
5 Tips to Work Productively Remotely In the current climate, many businesses are needing to make changes to accommodate staff working remotely. If you are able to work from home the ensuing changes to your work habits can be challenging to negotiate,.....
2 April 2020
  Salary Relief throws Lifeline to Businesses   If you’re wondering how you will manage the enormous business challenges presented by the COVID-19 crisis, the Australian Government has announced unprecedented assistance to.....
2 April 2020
The Economic Stimulus Package   Maintaining confidence, supporting investment, keeping people employed   By now you’re probably aware that the Federal Government has announced a $17.6 billion stimulus package. One designed to “protect the.....
26 March 2020
We are here to help! Many businesses are confused by many aspects of the Fair Work Act as it is large and confusing. Scott Partners has a relationship with Happy HR and they can assist you by providing you a FREE 15 minutes support call by one of their HR.....
23 March 2020
On 22 March the Government announced the details of the second stimulus package. Parliament is sitting today to pass this legislation which will provide us with more guidance as to how these will work. The key points of this are: Payments to Support.....
17 March 2020
Australian companies turning over less than $10 million a year are classified as ‘small businesses’ by the ATO. Small businesses employ 5.5 million people, contribute $380 billion to the economy and account for more than 99% of all Aussie.....
16 March 2020
As we monitor and learn more about the spread of COVID-19, we want to let you know what we're doing as a company to protect our customers and employees. First and foremost, if you choose to visit us at our office, please know that we are doing everything we.....
16 March 2020
What is audit and assurance Audit and assurance is a term used widely in the financial and business community to describe a broad range of services which share a common purpose – namely to provide external users of financial or non-financial information.....
5 March 2020
The ATO is providing taxpayers in bushfire areas with more time to get their tax affairs in order, but at the same time it’s getting tough on employee car parking benefits and investigating lifestyle assets owned by wealthy taxpayers. Here’s a roundup.....
5 March 2020
Check with Scott Partners if you are planning to purchase residential property in a family trust! A new surcharge has been implemented by the SRO. From 1 March 2020, the Victorian State Revenue Office changed its approach to the foreign duty surcharge on.....
5 March 2020
Achieving focus in a world of distractions Feel like you’re running on a hamster wheel, beholden to the constant pinging of your phone, busier than ever You’re not alone, with the trap of always being ‘on’ a curse of the modern day world. A 2019.....
11 February 2020
Overindulge over the holiday period You’re certainly not alone, but now it’s time to get back on track. Early in the year makes for the perfect time to dust yourself off and recommit to a your version of a balanced, healthy life.  Consider all aspects.....
11 February 2020
As a tradie, you are largely dependent on your physical ability to earn a living. So, what would happen if you fell ill or had an accident Would you be able to continue your current lifestyle Most tradies work in a far more dangerous environment than any.....
11 February 2020
With a property market recovery underway, most notably in Sydney and Melbourne, Australian investors are once again pursuing their love affair with property investing. For many investors, a popular way to invest directly in residential or commercial.....
15 January 2020
It was a year of extremes, with shares hitting record highs and interest rates at historic lows. Yet all in all, 2019 delivered far better returns than Australian investors dared hope for at the start of the year. The total return from Australian shares.....
15 January 2020
Running a business keeps you pretty busy, so it’s easy to overlook the help that’s available. Many small businesses don’t realise the government offers a range of valuable concessions that can make a real difference to their annual tax.....
15 January 2020
Want to make 2020 your year The year you reach great heights Key to reaching those dizzying heights is recognising that you are one of your greatest assets. Being self-aware and knowing your worth is crucial to positioning yourself for business and.....
3 January 2020
As a small business owner, it’s imperative that you have reliable financial information that will help you track performance, manage cashflow and meet your tax and compliance obligations. In this short article we outline three key features of accounting for.....
17 December 2019
Christmas is a time of giving, when thoughts turn to family and to helping those less fortunate. To gift in a meaningful way that maximises the benefits, it’s important to consider tax.  While Australia doesn’t have a gift tax, there are tax.....
17 December 2019
If the introduction of Single Touch Payroll (STP) wasn’t a big enough challenge, small businesses can now look forward to the arrival of e invoicing and changes to the Superannuation Guarantee (SG) rules. Here’s a roundup of some of the latest tax.....
17 December 2019
Whether you’re glued to your desk most days or have honed the work/life balance, we all need to take a break at some point. The end of the year is a great time to reflect on your achievements and recharge. But while December is when many of us are trying to.....
9 December 2019
Small business owners are always on the lookout for ways to improve performance.  If you’re serious about growing your business, then partnering with a small business accountant is a smart business move. Naturally, Scott Partners provides top quality.....
23 September 2019
Goods and Services Tax (GST) is an important consideration for anyone starting out, or currently operating in business. Not all businesses will choose to register for GST and thresholds determine whether it is compulsory or not. Any small business accountant.....
8 May 2019
The Australian Taxation Office (ATO) is introducing a new way of reporting which will see businesses submitting tax and super information from their payroll or accounting software when paying employees. These ATO legislation changes are important as they.....
8 May 2019
International Women’s Day is celebrated all over the world and is a fantastic way to highlight the imbalance that often still exists between women and men, particularly in the workplace. While the day itself is important, what is more beneficial to women.....
8 May 2019
In just a couple of decades, technology has transformed the traditional way things have been done for centuries. In what seems like the blink of an eye, we are rapidly becoming dependent on technology to carry out basic everyday practices, such as paying.....
8 May 2019
Kerry Trevethan is our Practice Manager at Scott Partners, and her expertise lies in operational systems and process improvement as well as internal development and training. As a small business accountant in Melbourne, having Kerry’s expertise means our.....
5 May 2019
Choosing an Accountant When corporate branding and promotions company EmbroidMe Dandenong was on the lookout for an accountant, business owner Andrew Leong knew that he wanted more than just somebody to produce figures. He wanted a firm that could look at.....
12 February 2019
A self-managed super fund (SMSF) is a popular way that many Australians trust to help them prepare financially for retirement. The primary difference between SMSFs and other types of super funds is that the members are also the trustees who control the.....
6 February 2019
Did you know Scott Partners is working toward becoming a paperless office When we moved offices, we moved several Trust folders, but other than that, NO client files or information is stored on paper. We scan all documents into PDFs, and we store them using.....
8 January 2019
The importance of proper cash flow in your business cannot be overstated. A key reason that many businesses fail is not because of lack of trade or profits, but poorly managed cash flow. Cash is the oil which makes the wheels of your business turn and.....
7 December 2018
With last week’s government announcement that its mid-year budget is to be delivered on December 17, speculation is rife as to what it will mean for both business owners and tax payers. As the full budget will be outlined in April, ahead of an expected May.....
6 December 2018
As a new year rolls around and you are likely to be setting new goals for 2019, it also may be time to make some long-lasting and impactful changes for your business. Choosing the right service providers is crucial to business success and engaging the right.....
5 December 2018
When was the last time you took a moment out of your day to reflect on the things you are grateful for While we try to make this a common occurrence at Scott Partners, this month we wanted to share our responses with you and encourage you to do the same with.....
4 December 2018
Christmas is indeed a very busy time for all of us, both in business and at home. The holiday season is just around the corner, and if you feel that it has crept up on you this year, then worry not, Scott Partners accountants and financial services company,.....
3 December 2018
Asking for payment be a tricky thing to get right and very often, we fear it might scare off or offend a customer. There are ways to ensure you get paid, while keeping the customer happy too. Scott Partners accountants, Melbourne, have devised some expert.....
14 November 2018
Name Paul Turra Position Senior Manager Qualifications Bachelor of Business, Fellow of CPA       To say that we are proud to have Paul as part of the Scott Partners team is certainly an understatement. With over 20 years of.....
14 November 2018
Excellent accounting is of course, our focus at Scott Partners. But that doesn’t mean its all we’re good for! We are pleased to have been able to support some of our longstanding clients in their courageous charity endeavors. If you haven’t heard about.....
14 November 2018
How many different software programmes do you think you use in a day Probably more than you can count on two hands It’s understandable that with this many different interfaces it can be somewhat stressful when they change or are updated. If Xero is one of.....
14 November 2018
Bringing with it new responsibilities for employers and more flexibility for employees, Victoria’s updated Long Service Leave Act 2018 is here. The most important aspect of this Act that you need to be aware of are the changes to how Long Service Leave.....
14 November 2018
A world where you call your accountant for every financial decision you make is unfortunately, not the most tangible. At Scott Partners we are always happy to help however, we also like to empower you to know be in control and be financially savvy yourself......
12 October 2018
Position: Partner              Qualifications: Chartered Accountant; Bachelor of Business (Accounting) We are proud to welcome Donald Shaw to Scott Partners. Donald completed his tertiary studies at Monash University and graduated with a.....
12 October 2018
Position: Partner Qualifications:  Bachelor of Business (Accounting); Bachelor of Business (Banking & Finance); Chartered Accountant; Master of Taxation Gavin Milner joined Scott Partners in 2018 and is looking forward to sharing his expertise,.....
11 October 2018
Since our inception, the driving force behind Scott Partners has always been to use our knowledge to help our clients’ businesses run as smoothly as possible. We achieve this by establishing a rapport with each of our clients and determining your unique.....
10 October 2018
Depreciation for Property Investors Over 2 million Australians own property for investment. We know it can be lucrative, but do you know about property depreciation What is Depreciation If you’re new to property investment, you may not know much about.....
9 October 2018
Eleven years after his passing, the estate of legendary singer James Brown is still not settled. Like Brown, the late Aretha Franklin also didn’t have a will outlining what is to happen with her assets - including her $108 million estate - now expected to.....
5 October 2018
You Could Save Your Business Money by Avoiding These Mistakes You’re in business to make money, not loose money. We'll leave the first part to you, but to stop loosing money, give these tips a read! There are several ways businesses waste money and.....
4 October 2018
When you buy a home, you look around for the best option, and choose the best terms possible. They fit in your budget and they’ll work for you until you make the last payment. The same goes for vehicular and personal loans. Often, it only takes a few years.....
24 September 2018
They are failing to set a budget.   Did you know: Victorian residents’ weekly household spend is, on average $1,430 per week, which works out to be over $74,360 per year. The average household income in Victoria is just under $73,800 per.....
10 September 2018
The Board of Taxation has completed a review of small business tax concessions that was announced earlier this year. The goal of the review was to examine the existing concessions for business owners and recommend any improvements or new approaches to reduce.....
4 September 2018
Did you know that the Australian, State, and Territory governments make over $3 billion in grants available to small businesses every year Many small business owners don’t know this, but Scott Partners, your small business preferred accountant in.....
30 July 2018
Scott Partners is committed to being at the top of our profession and to providing the best quality services to our clients. That means that we continually develop our knowledge and skills so we can be the trusted accountant you deserve. For that reason,.....
23 July 2018
When you purchased your home, you applied for a loan amount you could afford, probably thinking you’d be paying the same monthly amount for the entirety of the mortgage. For many people your home is your special personal space, and more often than not,.....
19 July 2018
Even if you are diligent when lodging your tax return, you may find yourself at the mercy of the Australian Tax Office (ATO). The ATO contacts around 350,000 Australians each year in regards to tax returns. The question then becomes – what can you do to.....
15 July 2018
Many businesses are aware of the Business Registration Service. The government successfully tested the new service publicly last year, and launched the official service early in July. With this service, you can not only register your business and obtain an.....
6 July 2018
How many times have you thought about setting up an SMSF but decided against it because it all seems too hard Believe us, we’ve heard that before. That's why we thought we’d shed some light on the subject! Did you know you can invest in all types of.....
27 June 2018
Don’t let the EOFY blues hit home. Look out for the mistakes below to start this financial year with a plan in place and end it on a high! The financial year has come to a close. We can all finally take a moment to sit back, and relax, right Not exactly......
20 June 2018
Accountants and Xero are in a relationship and they don’t care who knows it. When a relationship is this good, sometimes the only thing you can do is share the love. As chartered accountants, passionate about all areas of financial services, we’re all.....
13 June 2018
Through talking to us, this client has had the potential to save up to $280,000 in their tax planning. Issue: Client had existing property and plans to demolish and sub-divide. Why they sought out Scott Partners: This client wanted to know the tax.....
22 April 2018
We at Scott Partners have been taking care of small businesses for over 40 years and are constantly innovating ways to give our clients the most efficient accounting services available today. Our years of experience in the accounting industry allow us to.....
13 September 2017
Scott Trevethan from Scott Partners recently filmed an episode for Brin "Secrets Exposed" with Dale Beaumont on how your accountant can give you more than you every thought.   There are over 500 million small to medium business owners (SMBs) on the.....
10 August 2017
I ​have recently been doing a ​Tony Robbins audio program called “Ultimate Relationship” and learned of the 6 basic human needs that all people have. Now, whether you subscribe to Mr. Robbin’s philosophies or not, there is more than a ring of truth.....
27 June 2017
APAC Insider Magazine has announced winners of the 2017 Australian Enterprise Awards.   The 2017 Australian Enterprise Awards are designed to recognise and reward the outstanding accomplishments made by those within the industry. These leading lights.....
20 April 2017
Property investment plays an important role in wealth creation. Typically our recommendations are: 1 Residential apartments or townhouses, commercial and retail properties in a strong, existing market 2 Have the potential for.....
20 April 2017
Are you a business owner, entrepreneur, senior leader, executive or startup Then this may very well be the best and most useful business App you’ll ever own. As you should know, if you want to succeed in business, you’re going to need access to a.....
20 April 2017
Thank you to all those supporters by buying hand-creams or donating to the Hands Across the Water Charity. Scott has now completed the 500km Bike Ride and as you can see thanks to the generosity Business Blueprint the group we ride with have donated.....
11 April 2017
Millennials (also known as generation Y) are the demographic cohort following Generation X. What do millennials expect from their managers/leaders   Research on the internet reveals the following:   Managers/leaders have to embrace all.....
11 April 2017
Do you require the best possible profitability on your investment loan Scott Partners can help you. Scott Partners are offering a no obligation review on your owner-occupied loan or investment loan. We are affiliated with a number of major banks, regional.....
10 April 2017
If your company undertook research and development expenditure in 2015/16 and the company has not yet lodged its income tax return for the year ended 30th June 2016, the company needs to register for the research and development rebate with AusIndustry.....
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20 October 2016
If you're considering making the move to Xero from MYOB, this webinar will give you the good, bad and ugly. A must watch, listen or read for every Small Business.....
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19 October 2016
Hi it's Scott from Scott Partners and today we have Bernadette Janson from the School of Renovating. In this interview, Bernadette discusses how your own home can be your biggest asset when you think of renovating which would make sense if you'll take.....
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14 October 2016
To say thanks for being a loyal customer of Scott Partners we would like to invite you to our private screening of "The Accountant" with Ben Affleck. Sign up now to RSVP for the Scott Partners Movie Night "The Accountant". Limited seats.....
26 August 2016
  Listen to Scott Trevethan from Scott Partners in this Webinar as he talks about Tips and Traps in converting your data to.....
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26 August 2016
  Listen to Scott Trevethan from Scott Partners in this Webinar as he gives you an overview of Go Global Bookkeeping and how this can help you in your.....
25 August 2016
The surprising changes to Australia’s superannuation system revealed in the Federal Budget came as a bad news for the millions who self-manage their super funds. According to Credit Suisse analyst Hasan Tevfik, the superannuation changes in ten years will.....
12 August 2016
If you are a business owner with a website, you’ve probably heard the term ‘SEO’, but maybe unsure of what it means and whether it’s important. SEO – search engine optimisation – is the process of strategically tweaking all elements of your.....
11 August 2016
Businesses are increasingly embracing cloud computing. In the past, running traditional business applications was not only expensive but also complicated. You needed professionals to install, configure, test, run, and update the applications. However, with.....
10 August 2016
Based on our years of experience in converting MYOB desktop to Xero, here is the checklist we use to make sure our clients are Xero ready. Xero Conversion.....
8 August 2016
  Fast growing industry disrupter, Xero, and the old standard bearer for computer-based accounting software, MYOB, have both been generating more headlines for accounting than normal lately. Listen to Scott Trevethan from Scott Partners in this.....
4 August 2016
While taxes may not be as exciting to think about, they are something every small business must endure. When it comes to filing your taxes as a business owner, there are some factors that need to be taken into consideration. Knowing which expenses are.....
28 July 2016
As a business owner, having the finances to run your business is essential. However, when you have a lag in cash flow, this can have major consequences in both the long and short term. Additionally, this can affect your ability to pay rent, utilities,.....
8 July 2016
Customer relationship management (CRM) software can be one of the most useful applications any small business can hold at its disposal, allowing them to easily maintain updated, accurate records of the customer relationship building activities in their.....
15 June 2016
Working from home may be the dream for some, but how do we find the right work-life balance when they often seem to overlap Whether you run your own small business or work for your company remotely, not having to commute to the office every day can save you.....
9 June 2016
Every year as budget time rolls around, small business owners anxiously wait to see what changes they can expect in the coming financial year. Australian small businesses were the big winners in this year’s budget, with the government delivering some major.....
2 June 2016
  When it comes to starting a new business, many owners face the same issues – tracking expenses, keeping accurate records, and performing sales and marketing – often all at the same time. Starting an online retail business can be even more.....
9 May 2016
Hello it's Scott Trevethan here from Scott Partners.  There has been lots of talk in the media and from both sides of politics about negative gearing.  But what is it  Scott Partners are dedicated to supporting our clients with the very best in property.....
16 February 2016
If you have heard Prime Minister, Malcolm Turnbull, give a speech, chances are you have heard all about digital disruption. In fact, the phrases digital disruption and digital economy have become far more common in the past year, not just with politicians,.....
9 February 2016
With good planning, great service, happy customers, and yes, some luck, you could be looking to expand your small business or medium sized enterprise in 2016. But with unemployment rates low, and competition for jobs high, getting the right person to work for.....
2 February 2016
The beginning of a calendar year is full of opportunity for small business and medium sized enterprises across Australia to grab the attention of new customers. The “fresh start effect” of a new year means that many projects that have been deferred or.....
26 January 2016
For many SMEs, trying to forecast things a month or a year in advance is challenging, as there are so many things that can influence outcomes. But at Scott Partners, we keep a close eye on developments that might affect SMEs just like you. While we might.....
19 January 2016
According to the latest market research conducted by the Australian Securities Exchange, only around three out of every ten Australians own shares directly. But if you live in Australia, work, and have superannuation, then technically, almost every Australian.....
12 January 2016
Coming into the holiday season, a few things are guaranteed in Victoria: longer days, cricket at the MCG, and weather that doesn’t require four layers to brave the outdoors before 10am! And for many of us the long summer days also afford us the perfect.....
5 January 2016
A simple trick that online news sites use to attract attention to their news stories is to make them as relevant as possible to as many people. While that sounds simple in theory, it’s much harder than it seems, with stories about even widely popular things.....
29 December 2015
As owners as managers of small businesses and medium sized enterprises (SMEs) we are hard wired to have an entrepreneurial mindset. That often means that we look into the future and see a result, whether that is being the best in the area for your chosen.....
22 December 2015
It is sometimes worthwhile taking a moment to reflect upon how much the business world has changed in the past decade. 10 years ago, billing customers using an app, not having a landline in the office, or not requiring staff to enter the office before they.....
15 December 2015
In Australia, turning 18 bring with it a lot of changes. We change from being legal minors to adults, and with that comes a whole range of new responsibilities such as being able to vote, buy property in our own right and become a director of a company. In.....
8 December 2015
Content marketing is not a new concept, but it has taken on much more influence with the rise of simple-to-put-together websites and Facebook co-existing with more traditional letter box drops and newsletters. So how do you go about writing great articles.....
1 December 2015
It might not be the kind of article you’ve come to expect from the blog here at Scott Partners, but the fact is we are all passionate about a few things – in addition to helping you plan and grow your small business or medium sized enterprise. And a.....
24 November 2015
While it would be wonderful to have a product or service that was profitable from day one and able to pay all of your bills, the reality is that this simply not true for 99% of businesses. So to bridge the gap between start up and being cash flow positive.....
18 November 2015
From the point of view of a business owner or operator, inventory accounting and valuation provides a great and potentially frightening challenge. To varying degrees, how well these tasks are handled will be reflected in the functionality and sustainability.....
17 November 2015
The Trans Pacific Partnership (TPP) is one of the largest trade deals ever executed, and could represent a huge opportunity for Australia and Australian small and medium sized enterprises. However, what is often lost in the reporting of these trade deals is.....
10 November 2015
At Scott Partners, we don’t make any secret of the fact we are big fans of Xero. The motto for the company is “Beautiful Accounting Software” and as users, we can testify to the fact that it is true to label. But it also a great business, and in five.....
3 November 2015
The missing link between having a great product or service and earning great profits is also one of the hardest to get right: effective marketing. Without a reliable way to get your message out to your potential clients and customers, chances are your small.....
27 October 2015
The pace of change for small and medium sized enterprises across Victoria, and Australia, has been unrelenting in recent years. New taxes, new technology, new regulatory burdens and an economy affected by a once in a generation mining boom and bust cycle have.....
20 October 2015
Having to reduce your working hours, lay off staff or worst of all, put up the “closed” sign for good doesn’t happen overnight. But for too many Australian small businesses and medium sized enterprises, the warning signs are either not noticed or are.....
13 October 2015
If you are reading this, then that means you are on our website – welcome! In 2015, many small business advisory shows and newspaper columns will say that having a website is absolutely essential for every small business. But there are many more options.....
6 October 2015
It’s a proven fact that shocking headlines sell more newspapers and generate more “clicks” to online websites. So when we are confronted with headlines like “Billions wiped of the Australian share market today” it is natural to be more than a little.....
29 September 2015
Running a small business or medium sized enterprise (SME) is an immensely challenging but incredibly rewarding endeavor. You are required to constantly win new work, retain existing clients, deliver high quality results as well as defend against.....
22 September 2015
Buying a property is one of the most sensible and common ways that Australians invest for their financial future. But as with any investment, the difference between a good return and a great one is in the detail. And over the long term, a few percentage.....
15 September 2015
Superannuation was introduced in the early 90’s as a way for Australians to contribute to their retirements alongside the Australian Government pension and other assets. Over the years, the compulsory superannuation guarantee has risen from the initial.....
8 September 2015
The love affair that Australians have with property is undisputed. The signs are absolutely everywhere, from our high rate of home ownership as a nation, to the packed carparks of Bunnings on weekends, and the continued popularity of renovation shows on prime.....
1 September 2015
Many small and medium sized enterprises put most of their planning time into crafting business plans and ideas that will capture new business and drive more value from existing clients. But far fewer have plans in place for collecting debts and avoiding.....
25 August 2015
Fast growing industry disrupter, Xero, and the old standard bearer for computer-based accounting software, MYOB, have both been generating more headlines for accounting than normal lately. The reason for MYOB’s prominence was the return to being a.....
18 August 2015
Workplace health and wellness for Australian employees can sometimes be overlooked in the hectic day to day activities of any small business or medium sized enterprise. And when managers and owners look into ways to improve the work life balance and work.....
11 August 2015
A simple reality of running a small or medium sized enterprise in Australia is that your best bet for raising capital is through one of our banks. And that is actually great news, with the Australian banking system regarded as one of the strongest in the.....
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4 August 2015
As a business grows, one of the most important roles of a manager or owner of a small business or medium sized enterprise is finding the right person to help with that growth. Australia is lucky to have a world class education system, a well balanced.....
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28 July 2015
No small or medium sized enterprise owner needs to be told that Australia’s tax system is complex. In fact, some people would probably go a little further and describe it as something more akin to Frankenstein’s monster, with two thousand page tax acts,.....
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21 July 2015
Federal budgets are often more interesting for political watchers and journalists than small business owners and medium sized enterprise managers. But the 2015 Federal Budget handed down by Treasurer Joe Hockey recently was a different story. Reported by.....
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14 July 2015
There are a few essential ingredients to founding, running, and growing a successful small or medium sized enterprise in Australia, or anywhere for that matter. Motivated staff, a great product or service, and a willingness to put in the hours required all.....
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14 July 2015
You are invited to an exclusive evening of wine tasting followed by a property investment seminar hosted by Scott Partners & Investment Property Help (IPH) We’ve partnered with IPH to help our valued clients find out whether property investment is.....
10 July 2015
Hi, I’m Scott Trevethan from Scott Partners here in Melbourne. Today, I want to talk to you about something that every small and medium sized enterprise faces: choosing the right structure for their business. What we’re going to do today is go through.....
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2 July 2015
If you are a small or medium sized enterprise (SME) owner or manager, you are probably used to making all sorts of investment decisions. These might be in your premises, stock, phone system, or even training for your employees. But SME owners and operators.....
13 June 2015
Things you need to consider BEFORE 30th June No matter whether you are in business, employed or an investor, there are some opportunities and housekeeping that you should attend to prior to that date of 30th June! 1. People who get paid a salary When your.....
12 June 2015
The nature of small and medium sized enterprise in Australia means that owners and managers are always seeking an advantage. That advantage may be a way to save time, become more efficient, or simply make doing business easier. In 2015, there is a growing.....
22 April 2015
Small and medium sized enterprises are the engines that keep the Australian economy moving in the right direction. But doing that means that thousands of business owners, managers and employees work long hours, go the extra mile for their clients and.....
22 April 2015
There are certain traits that are common to small and medium sized enterprise (SME) owners and operators. They are dedicated to their businesses, and often have impatience with simply following rules and doing things as they’ve always been done. Because of.....
22 April 2015
It’s fairly easy to compare owning or running a small or medium sized enterprise (SME) with juggling what can feel like dozens of “balls” in the air at any one time. Keeping on top of quotes, managing inventory, staff scheduling, managing emails, and.....
2 September 2020
Self-managed super funds (SMSFs) have had a challenging year, with COVID-19 linked market uncertainty affecting income and returns. But SMSF trustees haven’t been sitting on their hands. One of the main reasons people give for wanting to establish an SMSF in Australia is to have greater.....
2 September 2020
Many small business owners and sole traders will be breathing a sigh of relief following the extension of the JobKeeper scheme until March next year. At the same time, however, the ATO is stepping up its compliance activities. Here’s a roundup of some of the key developments in the world of.....
2 September 2020
If your New Year’s resolution was to spend less time glued to your phone, you’ve probably found that unexpectedly challenging this year. While the impact of COVID-19 differs from state to state, many of us have experienced social isolation and the call to stay and work from home where possible,.....
6 August 2020
Our resilience has been tested of late and continues to be, with the ongoing situation of the coronavirus pandemic throwing challenges our way. Resilience has certainly become a now frequently used buzzword, but what does it actually mean According to the Oxford dictionary, the word.....
6 August 2020
Selling a business you have spent so many years building up can be a difficult process, but getting the best price is not the only consideration. Tax has a big role to play in the financial result. That means the ATO will be paying close attention. Selling a business in Australia is.....
6 August 2020
Receiving an inheritance is always welcome, but people often forget the tax man will take a keen interest in their good fortune. When ownership of an asset is transferred, it triggers a capital gain or loss with potential tax implications. So what are the tax rules when you inherit a property,.....
21 July 2020
The Federal Government has today provided an update on the future of the Jobkeeper program. Whilst no doubt the finer details will be made available over the coming weeks, the fundamental updates are as follows: The Jobkeeper program will be extended beyond the original September end date.....
14 July 2020
The Victorian Government is providing a further $5,000 grant to Melbourne based businesses affected by Covid - called the 'Expanded Business Support Fund'. The basic requirements to be eligible for this grant are as follows: The business must operate with an address located in metropolitan.....
3 July 2020
We all want to be heard. Feeling truly listened to can boost your self-confidence, make you feel understood and strengthen the connection between you and others. In the workplace it can be the difference between feeling engaged or unappreciated. In the book You’re Not Listening: What You’re.....
3 July 2020
Family trusts have stood the test of time as a means of protecting family and business wealth, and managing the distribution of trust income in a tax-effective way. But the misuse of these tax benefits by a small minority periodically puts trusts in the firing line of the Australian Taxation Office.....
3 July 2020
With June 30 behind us and the economy slowly re-opening, most business owners are thinking about the challenge of repairing and rebuilding their finances after the COVID-19 lockdown. Over the next few months, key tests will come with the withdrawal of government stimulus measures like JobKeeper.....
11 June 2020
Instant asset write-off extended To further support Australian businesses through the fallout resulting from COVID-19, the government has extended the $150,000 instant asset write-off for an additional six months to 31 December 2020. Initially announced on 12 May and intended to last until 30.....
11 June 2020
The HomeBuilder program - government grants to eligible homebuilders and renovators The Government has announced the new HomeBuilder program to support jobs and boost demand in the residential construction sector at a time when the construction industry is facing extreme uncertainty. Prime.....
4 June 2020
The two cash flow boosts provided by the federal government to help businesses deal with the COVID-19 emergency have largely been overshadowed by the JobKeeper program, but they could provide valuable financial support to organisations that qualify. Some businesses may have already noticed.....
4 June 2020
With COVID-19 dominating everyone’s thoughts, employers are being offered a brief window of opportunity to get their tax affairs in order with the new Superannuation Guarantee (SG) amnesty. There is also a range of virus related assistance on offer to help affected business and individual.....
4 June 2020
It always takes some planning to get your finances in order for the end of financial year, and this year may look a little different, come June 30. The COVID-19 pandemic may have impacted your circumstances and therefore your situation could be looking different to normal.  Perhaps you have.....
5 May 2020
With many people now working from home because of COVID-19, some of the expenses your employer normally covers – such as electricity, heating and cooling – are coming out of your pocket instead. Some employers provide a daily allowance to help with these additional costs, but if not it’s.....
5 May 2020
The recent sell-off on global sharemarkets due to the economic impact of COVID-19 has highlighted the risks of depending too heavily on a single asset class. Even before the current crisis, the ATO was concerned about a minority of self-managed superannuation funds (SMSFs) with up to 90 per.....
5 May 2020
As all leaders can attest to, no leadership role is smooth sailing. There will inevitably be the occasional storm coming over the horizon, with different challenges you need to respond to. Sometimes these challenges will be unprecedented, such as the impact of the coronavirus pandemic while.....
3 April 2020
In regards to the ongoing developments with the COVID-19 pandemic, we want to provide an update on the actions Scott Partners are taking to safeguard the health and safety of our clients, staff and their families. Online Tax Consultations Scott Partners will be continuing to serve the needs of.....
2 April 2020
5 Tips to Work Productively Remotely In the current climate, many businesses are needing to make changes to accommodate staff working remotely. If you are able to work from home the ensuing changes to your work habits can be challenging to negotiate, however there are things you can do to ensure.....
2 April 2020
  Salary Relief throws Lifeline to Businesses   If you’re wondering how you will manage the enormous business challenges presented by the COVID-19 crisis, the Australian Government has announced unprecedented assistance to help businesses of all sizes manage their.....
2 April 2020
The Economic Stimulus Package   Maintaining confidence, supporting investment, keeping people employed   By now you’re probably aware that the Federal Government has announced a $17.6 billion stimulus package. One designed to “protect the economy by maintaining confidence,.....
26 March 2020
We are here to help! Many businesses are confused by many aspects of the Fair Work Act as it is large and confusing. Scott Partners has a relationship with Happy HR and they can assist you by providing you a FREE 15 minutes support call by one of their HR degree qualified HR consultants to.....
23 March 2020
On 22 March the Government announced the details of the second stimulus package. Parliament is sitting today to pass this legislation which will provide us with more guidance as to how these will work. The key points of this are: Payments to Support Households There will be a second $750 payment.....
17 March 2020
Australian companies turning over less than $10 million a year are classified as ‘small businesses’ by the ATO. Small businesses employ 5.5 million people, contribute $380 billion to the economy and account for more than 99% of all Aussie businesses. This is not to be confused with the ABS.....
16 March 2020
As we monitor and learn more about the spread of COVID-19, we want to let you know what we're doing as a company to protect our customers and employees. First and foremost, if you choose to visit us at our office, please know that we are doing everything we can to keep our office germ-free and are.....
16 March 2020
What is audit and assurance Audit and assurance is a term used widely in the financial and business community to describe a broad range of services which share a common purpose – namely to provide external users of financial or non-financial information with reasonable independent assurance.....
5 March 2020
The ATO is providing taxpayers in bushfire areas with more time to get their tax affairs in order, but at the same time it’s getting tough on employee car parking benefits and investigating lifestyle assets owned by wealthy taxpayers. Here’s a roundup of some of the latest developments when.....
5 March 2020
Check with Scott Partners if you are planning to purchase residential property in a family trust! A new surcharge has been implemented by the SRO. From 1 March 2020, the Victorian State Revenue Office changed its approach to the foreign duty surcharge on residential property acquired by.....
5 March 2020
Achieving focus in a world of distractions Feel like you’re running on a hamster wheel, beholden to the constant pinging of your phone, busier than ever You’re not alone, with the trap of always being ‘on’ a curse of the modern day world. A 2019 report from BankMyCell found that the.....
11 February 2020
Overindulge over the holiday period You’re certainly not alone, but now it’s time to get back on track. Early in the year makes for the perfect time to dust yourself off and recommit to a your version of a balanced, healthy life.  Consider all aspects of your life Before rushing ahead to.....
11 February 2020
As a tradie, you are largely dependent on your physical ability to earn a living. So, what would happen if you fell ill or had an accident Would you be able to continue your current lifestyle Most tradies work in a far more dangerous environment than any white-collared worker, so the chances of.....
11 February 2020
With a property market recovery underway, most notably in Sydney and Melbourne, Australian investors are once again pursuing their love affair with property investing. For many investors, a popular way to invest directly in residential or commercial property is through their self-managed super.....
15 January 2020
It was a year of extremes, with shares hitting record highs and interest rates at historic lows. Yet all in all, 2019 delivered far better returns than Australian investors dared hope for at the start of the year. The total return from Australian shares (prices and dividend income) was 24 per cent.....
15 January 2020
Running a business keeps you pretty busy, so it’s easy to overlook the help that’s available. Many small businesses don’t realise the government offers a range of valuable concessions that can make a real difference to their annual tax bill.   Depending on your annual turnover, these.....
15 January 2020
Want to make 2020 your year The year you reach great heights Key to reaching those dizzying heights is recognising that you are one of your greatest assets. Being self-aware and knowing your worth is crucial to positioning yourself for business and personal success and a more fulfilled life......
17 December 2019
Christmas is a time of giving, when thoughts turn to family and to helping those less fortunate. To gift in a meaningful way that maximises the benefits, it’s important to consider tax.  While Australia doesn’t have a gift tax, there are tax considerations nonetheless for both the giver and.....
17 December 2019
If the introduction of Single Touch Payroll (STP) wasn’t a big enough challenge, small businesses can now look forward to the arrival of e invoicing and changes to the Superannuation Guarantee (SG) rules. Here’s a roundup of some of the latest tax developments. E-invoicing to be rolled.....
17 December 2019
Whether you’re glued to your desk most days or have honed the work/life balance, we all need to take a break at some point. The end of the year is a great time to reflect on your achievements and recharge. But while December is when many of us are trying to wind down, it can also be a chaotic.....
23 September 2019
Goods and Services Tax (GST) is an important consideration for anyone starting out, or currently operating in business. Not all businesses will choose to register for GST and thresholds determine whether it is compulsory or not. Any small business accountant in Melbourne will tell you that those.....
8 May 2019
The Australian Taxation Office (ATO) is introducing a new way of reporting which will see businesses submitting tax and super information from their payroll or accounting software when paying employees. These ATO legislation changes are important as they will come into effect from July 1 2019,.....
8 May 2019
International Women’s Day is celebrated all over the world and is a fantastic way to highlight the imbalance that often still exists between women and men, particularly in the workplace. While the day itself is important, what is more beneficial to women whether in business, education.....
8 May 2019
In just a couple of decades, technology has transformed the traditional way things have been done for centuries. In what seems like the blink of an eye, we are rapidly becoming dependent on technology to carry out basic everyday practices, such as paying for groceries with bank cards, using a.....
5 May 2019
Choosing an Accountant When corporate branding and promotions company EmbroidMe Dandenong was on the lookout for an accountant, business owner Andrew Leong knew that he wanted more than just somebody to produce figures. He wanted a firm that could look at the figures and advise on how his.....
12 February 2019
A self-managed super fund (SMSF) is a popular way that many Australians trust to help them prepare financially for retirement. The primary difference between SMSFs and other types of super funds is that the members are also the trustees who control the investments and provide active management of.....
6 February 2019
Did you know Scott Partners is working toward becoming a paperless office When we moved offices, we moved several Trust folders, but other than that, NO client files or information is stored on paper. We scan all documents into PDFs, and we store them using Google as our Document Management.....
8 January 2019
The importance of proper cash flow in your business cannot be overstated. A key reason that many businesses fail is not because of lack of trade or profits, but poorly managed cash flow. Cash is the oil which makes the wheels of your business turn and without it, simple everyday operations become.....
7 December 2018
With last week’s government announcement that its mid-year budget is to be delivered on December 17, speculation is rife as to what it will mean for both business owners and tax payers. As the full budget will be outlined in April, ahead of an expected May federal election, it is likely that.....
6 December 2018
As a new year rolls around and you are likely to be setting new goals for 2019, it also may be time to make some long-lasting and impactful changes for your business. Choosing the right service providers is crucial to business success and engaging the right accountant is one of the most important.....
5 December 2018
When was the last time you took a moment out of your day to reflect on the things you are grateful for While we try to make this a common occurrence at Scott Partners, this month we wanted to share our responses with you and encourage you to do the same with your family or workplace!   "I.....
4 December 2018
Christmas is indeed a very busy time for all of us, both in business and at home. The holiday season is just around the corner, and if you feel that it has crept up on you this year, then worry not, Scott Partners accountants and financial services company, Melbourne, have devised their top five.....
3 December 2018
Asking for payment be a tricky thing to get right and very often, we fear it might scare off or offend a customer. There are ways to ensure you get paid, while keeping the customer happy too. Scott Partners accountants, Melbourne, have devised some expert tips to give you the confidence to chase.....
14 November 2018
Excellent accounting is of course, our focus at Scott Partners. But that doesn’t mean its all we’re good for! We are pleased to have been able to support some of our longstanding clients in their courageous charity endeavors. If you haven’t heard about The Male Bag Foundation or The Variety.....
14 November 2018
How many different software programmes do you think you use in a day Probably more than you can count on two hands It’s understandable that with this many different interfaces it can be somewhat stressful when they change or are updated. If Xero is one of the systems you use, we’re here to.....
14 November 2018
Bringing with it new responsibilities for employers and more flexibility for employees, Victoria’s updated Long Service Leave Act 2018 is here. The most important aspect of this Act that you need to be aware of are the changes to how Long Service Leave (LSL) operates and is calculated. We want.....
11 October 2018
Since our inception, the driving force behind Scott Partners has always been to use our knowledge to help our clients’ businesses run as smoothly as possible. We achieve this by establishing a rapport with each of our clients and determining your unique wants and needs. As Scott Partners has.....
10 October 2018
Depreciation for Property Investors Over 2 million Australians own property for investment. We know it can be lucrative, but do you know about property depreciation What is Depreciation If you’re new to property investment, you may not know much about depreciation. Depreciation is the wear and.....
9 October 2018
Eleven years after his passing, the estate of legendary singer James Brown is still not settled. Like Brown, the late Aretha Franklin also didn’t have a will outlining what is to happen with her assets - including her $108 million estate - now expected to take decades to settle. To plan for.....
5 October 2018
You Could Save Your Business Money by Avoiding These Mistakes You’re in business to make money, not loose money. We'll leave the first part to you, but to stop loosing money, give these tips a read! There are several ways businesses waste money and we've many Australians to reduce the impact.....
4 October 2018
When you buy a home, you look around for the best option, and choose the best terms possible. They fit in your budget and they’ll work for you until you make the last payment. The same goes for vehicular and personal loans. Often, it only takes a few years for the terms of the loan to be.....
24 September 2018
They are failing to set a budget.   Did you know: Victorian residents’ weekly household spend is, on average $1,430 per week, which works out to be over $74,360 per year. The average household income in Victoria is just under $73,800 per year. This means the average Victoria.....
10 September 2018
The Board of Taxation has completed a review of small business tax concessions that was announced earlier this year. The goal of the review was to examine the existing concessions for business owners and recommend any improvements or new approaches to reduce the burden for businesses. The Board.....
4 September 2018
Did you know that the Australian, State, and Territory governments make over $3 billion in grants available to small businesses every year Many small business owners don’t know this, but Scott Partners, your small business preferred accountant in Melbourne has the tools you need to search for.....
30 July 2018
Scott Partners is committed to being at the top of our profession and to providing the best quality services to our clients. That means that we continually develop our knowledge and skills so we can be the trusted accountant you deserve. For that reason, Scott Partners is a member of Chartered.....
23 July 2018
When you purchased your home, you applied for a loan amount you could afford, probably thinking you’d be paying the same monthly amount for the entirety of the mortgage. For many people your home is your special personal space, and more often than not, you think of it as a it as a personal.....
19 July 2018
Even if you are diligent when lodging your tax return, you may find yourself at the mercy of the Australian Tax Office (ATO). The ATO contacts around 350,000 Australians each year in regards to tax returns. The question then becomes – what can you do to protect yourself from unexpected.....
15 July 2018
Many businesses are aware of the Business Registration Service. The government successfully tested the new service publicly last year, and launched the official service early in July. With this service, you can not only register your business and obtain an Australian business licence online, but.....
6 July 2018
How many times have you thought about setting up an SMSF but decided against it because it all seems too hard Believe us, we’ve heard that before. That's why we thought we’d shed some light on the subject! Did you know you can invest in all types of established property (including residential,.....
27 June 2018
Don’t let the EOFY blues hit home. Look out for the mistakes below to start this financial year with a plan in place and end it on a high! The financial year has come to a close. We can all finally take a moment to sit back, and relax, right Not exactly. This is the time to plan for the year.....
20 June 2018
Accountants and Xero are in a relationship and they don’t care who knows it. When a relationship is this good, sometimes the only thing you can do is share the love. As chartered accountants, passionate about all areas of financial services, we’re all about the numbers. And Xero Well, Xero.....
13 June 2018
Through talking to us, this client has had the potential to save up to $280,000 in their tax planning. Issue: Client had existing property and plans to demolish and sub-divide. Why they sought out Scott Partners: This client wanted to know the tax consequences of their property.....
13 September 2017
Scott Trevethan from Scott Partners recently filmed an episode for Brin "Secrets Exposed" with Dale Beaumont on how your accountant can give you more than you every thought.   There are over 500 million small to medium business owners (SMBs) on the planet – and without them life as we.....
10 August 2017
I ​have recently been doing a ​Tony Robbins audio program called “Ultimate Relationship” and learned of the 6 basic human needs that all people have. Now, whether you subscribe to Mr. Robbin’s philosophies or not, there is more than a ring of truth in these six; particularly, when it.....
27 June 2017
APAC Insider Magazine has announced winners of the 2017 Australian Enterprise Awards.   The 2017 Australian Enterprise Awards are designed to recognise and reward the outstanding accomplishments made by those within the industry. These leading lights have been changing the game in their.....
11 April 2017
Do you require the best possible profitability on your investment loan Scott Partners can help you. Scott Partners are offering a no obligation review on your owner-occupied loan or investment loan. We are affiliated with a number of major banks, regional and second tier lenders as well as a.....
10 April 2017
If your company undertook research and development expenditure in 2015/16 and the company has not yet lodged its income tax return for the year ended 30th June 2016, the company needs to register for the research and development rebate with AusIndustry by 30th April 2017. If.....
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20 October 2016
If you're considering making the move to Xero from MYOB, this webinar will give you the good, bad and ugly. A must watch, listen or read for every Small Business.....
26 August 2016
  Listen to Scott Trevethan from Scott Partners in this Webinar as he talks about Tips and Traps in converting your data to.....
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26 August 2016
  Listen to Scott Trevethan from Scott Partners in this Webinar as he gives you an overview of Go Global Bookkeeping and how this can help you in your.....
25 August 2016
The surprising changes to Australia’s superannuation system revealed in the Federal Budget came as a bad news for the millions who self-manage their super funds. According to Credit Suisse analyst Hasan Tevfik, the superannuation changes in ten years will be to the detriment of these.....
12 August 2016
If you are a business owner with a website, you’ve probably heard the term ‘SEO’, but maybe unsure of what it means and whether it’s important. SEO – search engine optimisation – is the process of strategically tweaking all elements of your website to earn the best rank in search.....
11 August 2016
Businesses are increasingly embracing cloud computing. In the past, running traditional business applications was not only expensive but also complicated. You needed professionals to install, configure, test, run, and update the applications. However, with cloud computing, these tasks are a thing.....
8 August 2016
  Fast growing industry disrupter, Xero, and the old standard bearer for computer-based accounting software, MYOB, have both been generating more headlines for accounting than normal lately. Listen to Scott Trevethan from Scott Partners in this Webinar talk about both products and if.....
4 August 2016
While taxes may not be as exciting to think about, they are something every small business must endure. When it comes to filing your taxes as a business owner, there are some factors that need to be taken into consideration. Knowing which expenses are deductible and those that are non-deductible is.....
28 July 2016
As a business owner, having the finances to run your business is essential. However, when you have a lag in cash flow, this can have major consequences in both the long and short term. Additionally, this can affect your ability to pay rent, utilities, services, wages and even suppliers. A study.....
8 July 2016
Customer relationship management (CRM) software can be one of the most useful applications any small business can hold at its disposal, allowing them to easily maintain updated, accurate records of the customer relationship building activities in their organisation. The movement into cloud-based.....
15 June 2016
Working from home may be the dream for some, but how do we find the right work-life balance when they often seem to overlap Whether you run your own small business or work for your company remotely, not having to commute to the office every day can save you a lot of time and money, not to mention.....
9 June 2016
Every year as budget time rolls around, small business owners anxiously wait to see what changes they can expect in the coming financial year. Australian small businesses were the big winners in this year’s budget, with the government delivering some major changes in corporate tax rates and.....
2 June 2016
  When it comes to starting a new business, many owners face the same issues – tracking expenses, keeping accurate records, and performing sales and marketing – often all at the same time. Starting an online retail business can be even more difficult, with business owners having to guess.....
9 May 2016
Hello it's Scott Trevethan here from Scott Partners.  There has been lots of talk in the media and from both sides of politics about negative gearing.  But what is it  Scott Partners are dedicated to supporting our clients with the very best in property advice and assistance where appropriate so.....
16 February 2016
If you have heard Prime Minister, Malcolm Turnbull, give a speech, chances are you have heard all about digital disruption. In fact, the phrases digital disruption and digital economy have become far more common in the past year, not just with politicians, but in newspapers and trade publications.....
9 February 2016
With good planning, great service, happy customers, and yes, some luck, you could be looking to expand your small business or medium sized enterprise in 2016. But with unemployment rates low, and competition for jobs high, getting the right person to work for you can prove more difficult than it.....
2 February 2016
The beginning of a calendar year is full of opportunity for small business and medium sized enterprises across Australia to grab the attention of new customers. The “fresh start effect” of a new year means that many projects that have been deferred or delayed until after Christmas, or goals.....
26 January 2016
For many SMEs, trying to forecast things a month or a year in advance is challenging, as there are so many things that can influence outcomes. But at Scott Partners, we keep a close eye on developments that might affect SMEs just like you. While we might not get it right all of the time, having.....
19 January 2016
According to the latest market research conducted by the Australian Securities Exchange, only around three out of every ten Australians own shares directly. But if you live in Australia, work, and have superannuation, then technically, almost every Australian “owns” shares. How does that.....
12 January 2016
Coming into the holiday season, a few things are guaranteed in Victoria: longer days, cricket at the MCG, and weather that doesn’t require four layers to brave the outdoors before 10am! And for many of us the long summer days also afford us the perfect excuse to escape to the golf course for a.....
5 January 2016
A simple trick that online news sites use to attract attention to their news stories is to make them as relevant as possible to as many people. While that sounds simple in theory, it’s much harder than it seems, with stories about even widely popular things like cricket only appealing to about.....
29 December 2015
As owners as managers of small businesses and medium sized enterprises (SMEs) we are hard wired to have an entrepreneurial mindset. That often means that we look into the future and see a result, whether that is being the best in the area for your chosen service, or doubling your revenue within 3.....
22 December 2015
It is sometimes worthwhile taking a moment to reflect upon how much the business world has changed in the past decade. 10 years ago, billing customers using an app, not having a landline in the office, or not requiring staff to enter the office before they started their work day would have seemed.....
15 December 2015
In Australia, turning 18 bring with it a lot of changes. We change from being legal minors to adults, and with that comes a whole range of new responsibilities such as being able to vote, buy property in our own right and become a director of a company. In the same way, changing your business.....
8 December 2015
Content marketing is not a new concept, but it has taken on much more influence with the rise of simple-to-put-together websites and Facebook co-existing with more traditional letter box drops and newsletters. So how do you go about writing great articles and content that will really grab your.....
1 December 2015
It might not be the kind of article you’ve come to expect from the blog here at Scott Partners, but the fact is we are all passionate about a few things – in addition to helping you plan and grow your small business or medium sized enterprise. And a couple of those things include cycling and.....
24 November 2015
While it would be wonderful to have a product or service that was profitable from day one and able to pay all of your bills, the reality is that this simply not true for 99% of businesses. So to bridge the gap between start up and being cash flow positive (after bills and expenses) small and.....
18 November 2015
From the point of view of a business owner or operator, inventory accounting and valuation provides a great and potentially frightening challenge. To varying degrees, how well these tasks are handled will be reflected in the functionality and sustainability of your business. At the very least, good.....
17 November 2015
The Trans Pacific Partnership (TPP) is one of the largest trade deals ever executed, and could represent a huge opportunity for Australia and Australian small and medium sized enterprises. However, what is often lost in the reporting of these trade deals is how the agreement could actually benefit.....
10 November 2015
At Scott Partners, we don’t make any secret of the fact we are big fans of Xero. The motto for the company is “Beautiful Accounting Software” and as users, we can testify to the fact that it is true to label. But it also a great business, and in five years has grown from a tiny firm based.....
3 November 2015
The missing link between having a great product or service and earning great profits is also one of the hardest to get right: effective marketing. Without a reliable way to get your message out to your potential clients and customers, chances are your small business or medium sized enterprise will.....
27 October 2015
The pace of change for small and medium sized enterprises across Victoria, and Australia, has been unrelenting in recent years. New taxes, new technology, new regulatory burdens and an economy affected by a once in a generation mining boom and bust cycle have all added to the ever-evolving.....
20 October 2015
Having to reduce your working hours, lay off staff or worst of all, put up the “closed” sign for good doesn’t happen overnight. But for too many Australian small businesses and medium sized enterprises, the warning signs are either not noticed or are ignored until it is too late to do.....
13 October 2015
If you are reading this, then that means you are on our website – welcome! In 2015, many small business advisory shows and newspaper columns will say that having a website is absolutely essential for every small business. But there are many more options for having an online presence now, and.....
6 October 2015
It’s a proven fact that shocking headlines sell more newspapers and generate more “clicks” to online websites. So when we are confronted with headlines like “Billions wiped of the Australian share market today” it is natural to be more than a little curious. But even if you don’t own.....
29 September 2015
Running a small business or medium sized enterprise (SME) is an immensely challenging but incredibly rewarding endeavor. You are required to constantly win new work, retain existing clients, deliver high quality results as well as defend against competitors. But when it comes to your business.....
22 September 2015
Buying a property is one of the most sensible and common ways that Australians invest for their financial future. But as with any investment, the difference between a good return and a great one is in the detail. And over the long term, a few percentage points of difference in what you earn and.....
15 September 2015
Superannuation was introduced in the early 90’s as a way for Australians to contribute to their retirements alongside the Australian Government pension and other assets. Over the years, the compulsory superannuation guarantee has risen from the initial rate of 3% of ordinary time earnings, to.....
8 September 2015
The love affair that Australians have with property is undisputed. The signs are absolutely everywhere, from our high rate of home ownership as a nation, to the packed carparks of Bunnings on weekends, and the continued popularity of renovation shows on prime time television. But although it.....
1 September 2015
Many small and medium sized enterprises put most of their planning time into crafting business plans and ideas that will capture new business and drive more value from existing clients. But far fewer have plans in place for collecting debts and avoiding that painful situation where you have to.....
25 August 2015
Fast growing industry disrupter, Xero, and the old standard bearer for computer-based accounting software, MYOB, have both been generating more headlines for accounting than normal lately. The reason for MYOB’s prominence was the return to being a publicly traded company on the Australian.....
18 August 2015
Workplace health and wellness for Australian employees can sometimes be overlooked in the hectic day to day activities of any small business or medium sized enterprise. And when managers and owners look into ways to improve the work life balance and work lives of their employees, it is easy to.....
11 August 2015
A simple reality of running a small or medium sized enterprise in Australia is that your best bet for raising capital is through one of our banks. And that is actually great news, with the Australian banking system regarded as one of the strongest in the world. Even better, our big banks are all.....
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4 August 2015
As a business grows, one of the most important roles of a manager or owner of a small business or medium sized enterprise is finding the right person to help with that growth. Australia is lucky to have a world class education system, a well balanced workforce, and an incredibly diverse range of.....
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28 July 2015
No small or medium sized enterprise owner needs to be told that Australia’s tax system is complex. In fact, some people would probably go a little further and describe it as something more akin to Frankenstein’s monster, with two thousand page tax acts, dozens of regulations and hundreds of.....
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21 July 2015
Federal budgets are often more interesting for political watchers and journalists than small business owners and medium sized enterprise managers. But the 2015 Federal Budget handed down by Treasurer Joe Hockey recently was a different story. Reported by the media the next day as “the small.....
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14 July 2015
There are a few essential ingredients to founding, running, and growing a successful small or medium sized enterprise in Australia, or anywhere for that matter. Motivated staff, a great product or service, and a willingness to put in the hours required all go without saying. But without the.....
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14 July 2015
You are invited to an exclusive evening of wine tasting followed by a property investment seminar hosted by Scott Partners & Investment Property Help (IPH) We’ve partnered with IPH to help our valued clients find out whether property investment is right for them! Sample an array of.....
10 July 2015
Hi, I’m Scott Trevethan from Scott Partners here in Melbourne. Today, I want to talk to you about something that every small and medium sized enterprise faces: choosing the right structure for their business. What we’re going to do today is go through the most common business structures in.....
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2 July 2015
If you are a small or medium sized enterprise (SME) owner or manager, you are probably used to making all sorts of investment decisions. These might be in your premises, stock, phone system, or even training for your employees. But SME owners and operators sometimes forget that the most.....
13 June 2015
Things you need to consider BEFORE 30th June No matter whether you are in business, employed or an investor, there are some opportunities and housekeeping that you should attend to prior to that date of 30th June! 1. People who get paid a salary When your employer takes out tax from your pay and.....
12 June 2015
The nature of small and medium sized enterprise in Australia means that owners and managers are always seeking an advantage. That advantage may be a way to save time, become more efficient, or simply make doing business easier. In 2015, there is a growing number of business owners who believe they.....
22 April 2015
Small and medium sized enterprises are the engines that keep the Australian economy moving in the right direction. But doing that means that thousands of business owners, managers and employees work long hours, go the extra mile for their clients and customers, and don’t stop until the job is.....
22 April 2015
There are certain traits that are common to small and medium sized enterprise (SME) owners and operators. They are dedicated to their businesses, and often have impatience with simply following rules and doing things as they’ve always been done. Because of this, they are constantly trying to.....
22 April 2015
It’s fairly easy to compare owning or running a small or medium sized enterprise (SME) with juggling what can feel like dozens of “balls” in the air at any one time. Keeping on top of quotes, managing inventory, staff scheduling, managing emails, and dealing with suppliers – at the same.....
16 March 2020
What is audit and assurance Audit and assurance is a term used widely in the financial and business community to describe a broad range of services which share a common purpose – namely to provide external users of financial or non-financial information with reasonable independent assurance.....
14 November 2018
Bringing with it new responsibilities for employers and more flexibility for employees, Victoria’s updated Long Service Leave Act 2018 is here. The most important aspect of this Act that you need to be aware of are the changes to how Long Service Leave (LSL) operates and is calculated. We want.....
14 November 2018
A world where you call your accountant for every financial decision you make is unfortunately, not the most tangible. At Scott Partners we are always happy to help however, we also like to empower you to know be in control and be financially savvy yourself.   To help you do that, we’ve.....
24 September 2018
They are failing to set a budget.   Did you know: Victorian residents’ weekly household spend is, on average $1,430 per week, which works out to be over $74,360 per year. The average household income in Victoria is just under $73,800 per year. This means the average Victoria.....
8 May 2019
In just a couple of decades, technology has transformed the traditional way things have been done for centuries. In what seems like the blink of an eye, we are rapidly becoming dependent on technology to carry out basic everyday practices, such as paying for groceries with bank cards, using a.....
14 November 2018
How many different software programmes do you think you use in a day Probably more than you can count on two hands It’s understandable that with this many different interfaces it can be somewhat stressful when they change or are updated. If Xero is one of the systems you use, we’re here to.....
20 June 2018
Accountants and Xero are in a relationship and they don’t care who knows it. When a relationship is this good, sometimes the only thing you can do is share the love. As chartered accountants, passionate about all areas of financial services, we’re all about the numbers. And Xero Well, Xero.....
26 August 2016
  Listen to Scott Trevethan from Scott Partners in this Webinar as he talks about Tips and Traps in converting your data to.....
11 August 2016
Businesses are increasingly embracing cloud computing. In the past, running traditional business applications was not only expensive but also complicated. You needed professionals to install, configure, test, run, and update the applications. However, with cloud computing, these tasks are a thing.....
8 August 2016
  Fast growing industry disrupter, Xero, and the old standard bearer for computer-based accounting software, MYOB, have both been generating more headlines for accounting than normal lately. Listen to Scott Trevethan from Scott Partners in this Webinar talk about both products and if.....
16 February 2016
If you have heard Prime Minister, Malcolm Turnbull, give a speech, chances are you have heard all about digital disruption. In fact, the phrases digital disruption and digital economy have become far more common in the past year, not just with politicians, but in newspapers and trade publications.....
22 December 2015
It is sometimes worthwhile taking a moment to reflect upon how much the business world has changed in the past decade. 10 years ago, billing customers using an app, not having a landline in the office, or not requiring staff to enter the office before they started their work day would have seemed.....
10 November 2015
At Scott Partners, we don’t make any secret of the fact we are big fans of Xero. The motto for the company is “Beautiful Accounting Software” and as users, we can testify to the fact that it is true to label. But it also a great business, and in five years has grown from a tiny firm based.....
25 August 2015
Fast growing industry disrupter, Xero, and the old standard bearer for computer-based accounting software, MYOB, have both been generating more headlines for accounting than normal lately. The reason for MYOB’s prominence was the return to being a publicly traded company on the Australian.....
12 June 2015
The nature of small and medium sized enterprise in Australia means that owners and managers are always seeking an advantage. That advantage may be a way to save time, become more efficient, or simply make doing business easier. In 2015, there is a growing number of business owners who believe they.....
2 April 2020
The Economic Stimulus Package   Maintaining confidence, supporting investment, keeping people employed   By now you’re probably aware that the Federal Government has announced a $17.6 billion stimulus package. One designed to “protect the economy by maintaining confidence,.....
4 October 2018
When you buy a home, you look around for the best option, and choose the best terms possible. They fit in your budget and they’ll work for you until you make the last payment. The same goes for vehicular and personal loans. Often, it only takes a few years for the terms of the loan to be.....
23 July 2018
When you purchased your home, you applied for a loan amount you could afford, probably thinking you’d be paying the same monthly amount for the entirety of the mortgage. For many people your home is your special personal space, and more often than not, you think of it as a it as a personal.....
11 April 2017
Do you require the best possible profitability on your investment loan Scott Partners can help you. Scott Partners are offering a no obligation review on your owner-occupied loan or investment loan. We are affiliated with a number of major banks, regional and second tier lenders as well as a.....
20 October 2015
Having to reduce your working hours, lay off staff or worst of all, put up the “closed” sign for good doesn’t happen overnight. But for too many Australian small businesses and medium sized enterprises, the warning signs are either not noticed or are ignored until it is too late to do.....
29 September 2015
Running a small business or medium sized enterprise (SME) is an immensely challenging but incredibly rewarding endeavor. You are required to constantly win new work, retain existing clients, deliver high quality results as well as defend against competitors. But when it comes to your business.....
8 September 2015
The love affair that Australians have with property is undisputed. The signs are absolutely everywhere, from our high rate of home ownership as a nation, to the packed carparks of Bunnings on weekends, and the continued popularity of renovation shows on prime time television. But although it.....
1 September 2015
Many small and medium sized enterprises put most of their planning time into crafting business plans and ideas that will capture new business and drive more value from existing clients. But far fewer have plans in place for collecting debts and avoiding that painful situation where you have to.....
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14 July 2015
There are a few essential ingredients to founding, running, and growing a successful small or medium sized enterprise in Australia, or anywhere for that matter. Motivated staff, a great product or service, and a willingness to put in the hours required all go without saying. But without the.....
22 April 2015
Small and medium sized enterprises are the engines that keep the Australian economy moving in the right direction. But doing that means that thousands of business owners, managers and employees work long hours, go the extra mile for their clients and customers, and don’t stop until the job is.....
3 July 2020
We all want to be heard. Feeling truly listened to can boost your self-confidence, make you feel understood and strengthen the connection between you and others. In the workplace it can be the difference between feeling engaged or unappreciated. In the book You’re Not Listening: What You’re.....
3 July 2020
Family trusts have stood the test of time as a means of protecting family and business wealth, and managing the distribution of trust income in a tax-effective way. But the misuse of these tax benefits by a small minority periodically puts trusts in the firing line of the Australian Taxation Office.....
16 March 2020
As we monitor and learn more about the spread of COVID-19, we want to let you know what we're doing as a company to protect our customers and employees. First and foremost, if you choose to visit us at our office, please know that we are doing everything we can to keep our office germ-free and are.....
11 October 2018
Since our inception, the driving force behind Scott Partners has always been to use our knowledge to help our clients’ businesses run as smoothly as possible. We achieve this by establishing a rapport with each of our clients and determining your unique wants and needs. As Scott Partners has.....
9 October 2018
Eleven years after his passing, the estate of legendary singer James Brown is still not settled. Like Brown, the late Aretha Franklin also didn’t have a will outlining what is to happen with her assets - including her $108 million estate - now expected to take decades to settle. To plan for.....
20 April 2017
Property investment plays an important role in wealth creation. Typically our recommendations are: 1 Residential apartments or townhouses, commercial and retail properties in a strong, existing market 2 Have the potential for resale into the owner occupier market to.....
20 April 2017
Are you a business owner, entrepreneur, senior leader, executive or startup Then this may very well be the best and most useful business App you’ll ever own. As you should know, if you want to succeed in business, you’re going to need access to a highly experienced business advisor......
20 April 2017
Thank you to all those supporters by buying hand-creams or donating to the Hands Across the Water Charity. Scott has now completed the 500km Bike Ride and as you can see thanks to the generosity Business Blueprint the group we ride with have donated over 1 million.....
11 April 2017
Millennials (also known as generation Y) are the demographic cohort following Generation X. What do millennials expect from their managers/leaders   Research on the internet reveals the following:   Managers/leaders have to embrace all the feels. Millennials want.....
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19 October 2016
Hi it's Scott from Scott Partners and today we have Bernadette Janson from the School of Renovating. In this interview, Bernadette discusses how your own home can be your biggest asset when you think of renovating which would make sense if you'll take advantage of that and maximize.....
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14 October 2016
To say thanks for being a loyal customer of Scott Partners we would like to invite you to our private screening of "The Accountant" with Ben Affleck. Sign up now to RSVP for the Scott Partners Movie Night "The Accountant". Limited seats only!    Storyline:    Christian Wolff is a.....
10 August 2016
Based on our years of experience in converting MYOB desktop to Xero, here is the checklist we use to make sure our clients are Xero ready. Xero Conversion.....
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4 August 2015
As a business grows, one of the most important roles of a manager or owner of a small business or medium sized enterprise is finding the right person to help with that growth. Australia is lucky to have a world class education system, a well balanced workforce, and an incredibly diverse range of.....
there is no image available.
14 July 2015
There are a few essential ingredients to founding, running, and growing a successful small or medium sized enterprise in Australia, or anywhere for that matter. Motivated staff, a great product or service, and a willingness to put in the hours required all go without saying. But without the.....
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14 July 2015
You are invited to an exclusive evening of wine tasting followed by a property investment seminar hosted by Scott Partners & Investment Property Help (IPH) We’ve partnered with IPH to help our valued clients find out whether property investment is right for them! Sample an array of.....
11 June 2020
The HomeBuilder program - government grants to eligible homebuilders and renovators The Government has announced the new HomeBuilder program to support jobs and boost demand in the residential construction sector at a time when the construction industry is facing extreme uncertainty. Prime.....
5 March 2020
Check with Scott Partners if you are planning to purchase residential property in a family trust! A new surcharge has been implemented by the SRO. From 1 March 2020, the Victorian State Revenue Office changed its approach to the foreign duty surcharge on residential property acquired by.....
11 February 2020
With a property market recovery underway, most notably in Sydney and Melbourne, Australian investors are once again pursuing their love affair with property investing. For many investors, a popular way to invest directly in residential or commercial property is through their self-managed super.....
10 October 2018
Depreciation for Property Investors Over 2 million Australians own property for investment. We know it can be lucrative, but do you know about property depreciation What is Depreciation If you’re new to property investment, you may not know much about depreciation. Depreciation is the wear and.....
4 October 2018
When you buy a home, you look around for the best option, and choose the best terms possible. They fit in your budget and they’ll work for you until you make the last payment. The same goes for vehicular and personal loans. Often, it only takes a few years for the terms of the loan to be.....
23 July 2018
When you purchased your home, you applied for a loan amount you could afford, probably thinking you’d be paying the same monthly amount for the entirety of the mortgage. For many people your home is your special personal space, and more often than not, you think of it as a it as a personal.....
11 April 2017
Do you require the best possible profitability on your investment loan Scott Partners can help you. Scott Partners are offering a no obligation review on your owner-occupied loan or investment loan. We are affiliated with a number of major banks, regional and second tier lenders as well as a.....
22 September 2015
Buying a property is one of the most sensible and common ways that Australians invest for their financial future. But as with any investment, the difference between a good return and a great one is in the detail. And over the long term, a few percentage points of difference in what you earn and.....
2 September 2020
Many small business owners and sole traders will be breathing a sigh of relief following the extension of the JobKeeper scheme until March next year. At the same time, however, the ATO is stepping up its compliance activities. Here’s a roundup of some of the key developments in the world of.....
6 August 2020
Our resilience has been tested of late and continues to be, with the ongoing situation of the coronavirus pandemic throwing challenges our way. Resilience has certainly become a now frequently used buzzword, but what does it actually mean According to the Oxford dictionary, the word.....
6 August 2020
Selling a business you have spent so many years building up can be a difficult process, but getting the best price is not the only consideration. Tax has a big role to play in the financial result. That means the ATO will be paying close attention. Selling a business in Australia is.....
6 August 2020
Receiving an inheritance is always welcome, but people often forget the tax man will take a keen interest in their good fortune. When ownership of an asset is transferred, it triggers a capital gain or loss with potential tax implications. So what are the tax rules when you inherit a property,.....
21 July 2020
The Federal Government has today provided an update on the future of the Jobkeeper program. Whilst no doubt the finer details will be made available over the coming weeks, the fundamental updates are as follows: The Jobkeeper program will be extended beyond the original September end date.....
14 July 2020
The Victorian Government is providing a further $5,000 grant to Melbourne based businesses affected by Covid - called the 'Expanded Business Support Fund'. The basic requirements to be eligible for this grant are as follows: The business must operate with an address located in metropolitan.....
3 July 2020
With June 30 behind us and the economy slowly re-opening, most business owners are thinking about the challenge of repairing and rebuilding their finances after the COVID-19 lockdown. Over the next few months, key tests will come with the withdrawal of government stimulus measures like JobKeeper.....
11 June 2020
Instant asset write-off extended To further support Australian businesses through the fallout resulting from COVID-19, the government has extended the $150,000 instant asset write-off for an additional six months to 31 December 2020. Initially announced on 12 May and intended to last until 30.....
4 June 2020
The two cash flow boosts provided by the federal government to help businesses deal with the COVID-19 emergency have largely been overshadowed by the JobKeeper program, but they could provide valuable financial support to organisations that qualify. Some businesses may have already noticed.....
4 June 2020
With COVID-19 dominating everyone’s thoughts, employers are being offered a brief window of opportunity to get their tax affairs in order with the new Superannuation Guarantee (SG) amnesty. There is also a range of virus related assistance on offer to help affected business and individual.....
4 June 2020
It always takes some planning to get your finances in order for the end of financial year, and this year may look a little different, come June 30. The COVID-19 pandemic may have impacted your circumstances and therefore your situation could be looking different to normal.  Perhaps you have.....
5 May 2020
As all leaders can attest to, no leadership role is smooth sailing. There will inevitably be the occasional storm coming over the horizon, with different challenges you need to respond to. Sometimes these challenges will be unprecedented, such as the impact of the coronavirus pandemic while.....
2 April 2020
5 Tips to Work Productively Remotely In the current climate, many businesses are needing to make changes to accommodate staff working remotely. If you are able to work from home the ensuing changes to your work habits can be challenging to negotiate, however there are things you can do to ensure.....
2 April 2020
  Salary Relief throws Lifeline to Businesses   If you’re wondering how you will manage the enormous business challenges presented by the COVID-19 crisis, the Australian Government has announced unprecedented assistance to help businesses of all sizes manage their.....
2 April 2020
The Economic Stimulus Package   Maintaining confidence, supporting investment, keeping people employed   By now you’re probably aware that the Federal Government has announced a $17.6 billion stimulus package. One designed to “protect the economy by maintaining confidence,.....
26 March 2020
We are here to help! Many businesses are confused by many aspects of the Fair Work Act as it is large and confusing. Scott Partners has a relationship with Happy HR and they can assist you by providing you a FREE 15 minutes support call by one of their HR degree qualified HR consultants to.....
23 March 2020
On 22 March the Government announced the details of the second stimulus package. Parliament is sitting today to pass this legislation which will provide us with more guidance as to how these will work. The key points of this are: Payments to Support Households There will be a second $750 payment.....
16 March 2020
As we monitor and learn more about the spread of COVID-19, we want to let you know what we're doing as a company to protect our customers and employees. First and foremost, if you choose to visit us at our office, please know that we are doing everything we can to keep our office germ-free and are.....
5 March 2020
The ATO is providing taxpayers in bushfire areas with more time to get their tax affairs in order, but at the same time it’s getting tough on employee car parking benefits and investigating lifestyle assets owned by wealthy taxpayers. Here’s a roundup of some of the latest developments when.....
11 February 2020
Overindulge over the holiday period You’re certainly not alone, but now it’s time to get back on track. Early in the year makes for the perfect time to dust yourself off and recommit to a your version of a balanced, healthy life.  Consider all aspects of your life Before rushing ahead to.....
11 February 2020
As a tradie, you are largely dependent on your physical ability to earn a living. So, what would happen if you fell ill or had an accident Would you be able to continue your current lifestyle Most tradies work in a far more dangerous environment than any white-collared worker, so the chances of.....
15 January 2020
It was a year of extremes, with shares hitting record highs and interest rates at historic lows. Yet all in all, 2019 delivered far better returns than Australian investors dared hope for at the start of the year. The total return from Australian shares (prices and dividend income) was 24 per cent.....
15 January 2020
Running a business keeps you pretty busy, so it’s easy to overlook the help that’s available. Many small businesses don’t realise the government offers a range of valuable concessions that can make a real difference to their annual tax bill.   Depending on your annual turnover, these.....
17 December 2019
Christmas is a time of giving, when thoughts turn to family and to helping those less fortunate. To gift in a meaningful way that maximises the benefits, it’s important to consider tax.  While Australia doesn’t have a gift tax, there are tax considerations nonetheless for both the giver and.....
17 December 2019
If the introduction of Single Touch Payroll (STP) wasn’t a big enough challenge, small businesses can now look forward to the arrival of e invoicing and changes to the Superannuation Guarantee (SG) rules. Here’s a roundup of some of the latest tax developments. E-invoicing to be rolled.....
17 December 2019
Whether you’re glued to your desk most days or have honed the work/life balance, we all need to take a break at some point. The end of the year is a great time to reflect on your achievements and recharge. But while December is when many of us are trying to wind down, it can also be a chaotic.....
23 September 2019
Goods and Services Tax (GST) is an important consideration for anyone starting out, or currently operating in business. Not all businesses will choose to register for GST and thresholds determine whether it is compulsory or not. Any small business accountant in Melbourne will tell you that those.....
8 May 2019
The Australian Taxation Office (ATO) is introducing a new way of reporting which will see businesses submitting tax and super information from their payroll or accounting software when paying employees. These ATO legislation changes are important as they will come into effect from July 1 2019,.....
8 May 2019
International Women’s Day is celebrated all over the world and is a fantastic way to highlight the imbalance that often still exists between women and men, particularly in the workplace. While the day itself is important, what is more beneficial to women whether in business, education.....
8 May 2019
In just a couple of decades, technology has transformed the traditional way things have been done for centuries. In what seems like the blink of an eye, we are rapidly becoming dependent on technology to carry out basic everyday practices, such as paying for groceries with bank cards, using a.....
5 May 2019
Choosing an Accountant When corporate branding and promotions company EmbroidMe Dandenong was on the lookout for an accountant, business owner Andrew Leong knew that he wanted more than just somebody to produce figures. He wanted a firm that could look at the figures and advise on how his.....
6 February 2019
Did you know Scott Partners is working toward becoming a paperless office When we moved offices, we moved several Trust folders, but other than that, NO client files or information is stored on paper. We scan all documents into PDFs, and we store them using Google as our Document Management.....
8 January 2019
The importance of proper cash flow in your business cannot be overstated. A key reason that many businesses fail is not because of lack of trade or profits, but poorly managed cash flow. Cash is the oil which makes the wheels of your business turn and without it, simple everyday operations become.....
7 December 2018
With last week’s government announcement that its mid-year budget is to be delivered on December 17, speculation is rife as to what it will mean for both business owners and tax payers. As the full budget will be outlined in April, ahead of an expected May federal election, it is likely that.....
5 December 2018
When was the last time you took a moment out of your day to reflect on the things you are grateful for While we try to make this a common occurrence at Scott Partners, this month we wanted to share our responses with you and encourage you to do the same with your family or workplace!   "I.....
4 December 2018
Christmas is indeed a very busy time for all of us, both in business and at home. The holiday season is just around the corner, and if you feel that it has crept up on you this year, then worry not, Scott Partners accountants and financial services company, Melbourne, have devised their top five.....
3 December 2018
Asking for payment be a tricky thing to get right and very often, we fear it might scare off or offend a customer. There are ways to ensure you get paid, while keeping the customer happy too. Scott Partners accountants, Melbourne, have devised some expert tips to give you the confidence to chase.....
14 November 2018
Bringing with it new responsibilities for employers and more flexibility for employees, Victoria’s updated Long Service Leave Act 2018 is here. The most important aspect of this Act that you need to be aware of are the changes to how Long Service Leave (LSL) operates and is calculated. We want.....
11 October 2018
Since our inception, the driving force behind Scott Partners has always been to use our knowledge to help our clients’ businesses run as smoothly as possible. We achieve this by establishing a rapport with each of our clients and determining your unique wants and needs. As Scott Partners has.....
5 October 2018
You Could Save Your Business Money by Avoiding These Mistakes You’re in business to make money, not loose money. We'll leave the first part to you, but to stop loosing money, give these tips a read! There are several ways businesses waste money and we've many Australians to reduce the impact.....
24 September 2018
They are failing to set a budget.   Did you know: Victorian residents’ weekly household spend is, on average $1,430 per week, which works out to be over $74,360 per year. The average household income in Victoria is just under $73,800 per year. This means the average Victoria.....
10 September 2018
The Board of Taxation has completed a review of small business tax concessions that was announced earlier this year. The goal of the review was to examine the existing concessions for business owners and recommend any improvements or new approaches to reduce the burden for businesses. The Board.....
4 September 2018
Did you know that the Australian, State, and Territory governments make over $3 billion in grants available to small businesses every year Many small business owners don’t know this, but Scott Partners, your small business preferred accountant in Melbourne has the tools you need to search for.....
30 July 2018
Scott Partners is committed to being at the top of our profession and to providing the best quality services to our clients. That means that we continually develop our knowledge and skills so we can be the trusted accountant you deserve. For that reason, Scott Partners is a member of Chartered.....
15 July 2018
Many businesses are aware of the Business Registration Service. The government successfully tested the new service publicly last year, and launched the official service early in July. With this service, you can not only register your business and obtain an Australian business licence online, but.....
27 June 2018
Don’t let the EOFY blues hit home. Look out for the mistakes below to start this financial year with a plan in place and end it on a high! The financial year has come to a close. We can all finally take a moment to sit back, and relax, right Not exactly. This is the time to plan for the year.....
20 June 2018
Accountants and Xero are in a relationship and they don’t care who knows it. When a relationship is this good, sometimes the only thing you can do is share the love. As chartered accountants, passionate about all areas of financial services, we’re all about the numbers. And Xero Well, Xero.....
13 September 2017
Scott Trevethan from Scott Partners recently filmed an episode for Brin "Secrets Exposed" with Dale Beaumont on how your accountant can give you more than you every thought.   There are over 500 million small to medium business owners (SMBs) on the planet – and without them life as we.....
27 June 2017
APAC Insider Magazine has announced winners of the 2017 Australian Enterprise Awards.   The 2017 Australian Enterprise Awards are designed to recognise and reward the outstanding accomplishments made by those within the industry. These leading lights have been changing the game in their.....
10 April 2017
If your company undertook research and development expenditure in 2015/16 and the company has not yet lodged its income tax return for the year ended 30th June 2016, the company needs to register for the research and development rebate with AusIndustry by 30th April 2017. If.....
26 August 2016
  Listen to Scott Trevethan from Scott Partners in this Webinar as he talks about Tips and Traps in converting your data to.....
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26 August 2016
  Listen to Scott Trevethan from Scott Partners in this Webinar as he gives you an overview of Go Global Bookkeeping and how this can help you in your.....
25 August 2016
The surprising changes to Australia’s superannuation system revealed in the Federal Budget came as a bad news for the millions who self-manage their super funds. According to Credit Suisse analyst Hasan Tevfik, the superannuation changes in ten years will be to the detriment of these.....
12 August 2016
If you are a business owner with a website, you’ve probably heard the term ‘SEO’, but maybe unsure of what it means and whether it’s important. SEO – search engine optimisation – is the process of strategically tweaking all elements of your website to earn the best rank in search.....
11 August 2016
Businesses are increasingly embracing cloud computing. In the past, running traditional business applications was not only expensive but also complicated. You needed professionals to install, configure, test, run, and update the applications. However, with cloud computing, these tasks are a thing.....
8 August 2016
  Fast growing industry disrupter, Xero, and the old standard bearer for computer-based accounting software, MYOB, have both been generating more headlines for accounting than normal lately. Listen to Scott Trevethan from Scott Partners in this Webinar talk about both products and if.....
4 August 2016
While taxes may not be as exciting to think about, they are something every small business must endure. When it comes to filing your taxes as a business owner, there are some factors that need to be taken into consideration. Knowing which expenses are deductible and those that are non-deductible is.....
28 July 2016
As a business owner, having the finances to run your business is essential. However, when you have a lag in cash flow, this can have major consequences in both the long and short term. Additionally, this can affect your ability to pay rent, utilities, services, wages and even suppliers. A study.....
8 July 2016
Customer relationship management (CRM) software can be one of the most useful applications any small business can hold at its disposal, allowing them to easily maintain updated, accurate records of the customer relationship building activities in their organisation. The movement into cloud-based.....
15 June 2016
Working from home may be the dream for some, but how do we find the right work-life balance when they often seem to overlap Whether you run your own small business or work for your company remotely, not having to commute to the office every day can save you a lot of time and money, not to mention.....
9 June 2016
Every year as budget time rolls around, small business owners anxiously wait to see what changes they can expect in the coming financial year. Australian small businesses were the big winners in this year’s budget, with the government delivering some major changes in corporate tax rates and.....
2 June 2016
  When it comes to starting a new business, many owners face the same issues – tracking expenses, keeping accurate records, and performing sales and marketing – often all at the same time. Starting an online retail business can be even more difficult, with business owners having to guess.....
16 February 2016
If you have heard Prime Minister, Malcolm Turnbull, give a speech, chances are you have heard all about digital disruption. In fact, the phrases digital disruption and digital economy have become far more common in the past year, not just with politicians, but in newspapers and trade publications.....
9 February 2016
With good planning, great service, happy customers, and yes, some luck, you could be looking to expand your small business or medium sized enterprise in 2016. But with unemployment rates low, and competition for jobs high, getting the right person to work for you can prove more difficult than it.....
2 February 2016
The beginning of a calendar year is full of opportunity for small business and medium sized enterprises across Australia to grab the attention of new customers. The “fresh start effect” of a new year means that many projects that have been deferred or delayed until after Christmas, or goals.....
26 January 2016
For many SMEs, trying to forecast things a month or a year in advance is challenging, as there are so many things that can influence outcomes. But at Scott Partners, we keep a close eye on developments that might affect SMEs just like you. While we might not get it right all of the time, having.....
19 January 2016
According to the latest market research conducted by the Australian Securities Exchange, only around three out of every ten Australians own shares directly. But if you live in Australia, work, and have superannuation, then technically, almost every Australian “owns” shares. How does that.....
12 January 2016
Coming into the holiday season, a few things are guaranteed in Victoria: longer days, cricket at the MCG, and weather that doesn’t require four layers to brave the outdoors before 10am! And for many of us the long summer days also afford us the perfect excuse to escape to the golf course for a.....
5 January 2016
A simple trick that online news sites use to attract attention to their news stories is to make them as relevant as possible to as many people. While that sounds simple in theory, it’s much harder than it seems, with stories about even widely popular things like cricket only appealing to about.....
29 December 2015
As owners as managers of small businesses and medium sized enterprises (SMEs) we are hard wired to have an entrepreneurial mindset. That often means that we look into the future and see a result, whether that is being the best in the area for your chosen service, or doubling your revenue within 3.....
22 December 2015
It is sometimes worthwhile taking a moment to reflect upon how much the business world has changed in the past decade. 10 years ago, billing customers using an app, not having a landline in the office, or not requiring staff to enter the office before they started their work day would have seemed.....
15 December 2015
In Australia, turning 18 bring with it a lot of changes. We change from being legal minors to adults, and with that comes a whole range of new responsibilities such as being able to vote, buy property in our own right and become a director of a company. In the same way, changing your business.....
8 December 2015
Content marketing is not a new concept, but it has taken on much more influence with the rise of simple-to-put-together websites and Facebook co-existing with more traditional letter box drops and newsletters. So how do you go about writing great articles and content that will really grab your.....
24 November 2015
While it would be wonderful to have a product or service that was profitable from day one and able to pay all of your bills, the reality is that this simply not true for 99% of businesses. So to bridge the gap between start up and being cash flow positive (after bills and expenses) small and.....
18 November 2015
From the point of view of a business owner or operator, inventory accounting and valuation provides a great and potentially frightening challenge. To varying degrees, how well these tasks are handled will be reflected in the functionality and sustainability of your business. At the very least, good.....
17 November 2015
The Trans Pacific Partnership (TPP) is one of the largest trade deals ever executed, and could represent a huge opportunity for Australia and Australian small and medium sized enterprises. However, what is often lost in the reporting of these trade deals is how the agreement could actually benefit.....
10 November 2015
At Scott Partners, we don’t make any secret of the fact we are big fans of Xero. The motto for the company is “Beautiful Accounting Software” and as users, we can testify to the fact that it is true to label. But it also a great business, and in five years has grown from a tiny firm based.....
3 November 2015
The missing link between having a great product or service and earning great profits is also one of the hardest to get right: effective marketing. Without a reliable way to get your message out to your potential clients and customers, chances are your small business or medium sized enterprise will.....
27 October 2015
The pace of change for small and medium sized enterprises across Victoria, and Australia, has been unrelenting in recent years. New taxes, new technology, new regulatory burdens and an economy affected by a once in a generation mining boom and bust cycle have all added to the ever-evolving.....
20 October 2015
Having to reduce your working hours, lay off staff or worst of all, put up the “closed” sign for good doesn’t happen overnight. But for too many Australian small businesses and medium sized enterprises, the warning signs are either not noticed or are ignored until it is too late to do.....
13 October 2015
If you are reading this, then that means you are on our website – welcome! In 2015, many small business advisory shows and newspaper columns will say that having a website is absolutely essential for every small business. But there are many more options for having an online presence now, and.....
29 September 2015
Running a small business or medium sized enterprise (SME) is an immensely challenging but incredibly rewarding endeavor. You are required to constantly win new work, retain existing clients, deliver high quality results as well as defend against competitors. But when it comes to your business.....
15 September 2015
Superannuation was introduced in the early 90’s as a way for Australians to contribute to their retirements alongside the Australian Government pension and other assets. Over the years, the compulsory superannuation guarantee has risen from the initial rate of 3% of ordinary time earnings, to.....
8 September 2015
The love affair that Australians have with property is undisputed. The signs are absolutely everywhere, from our high rate of home ownership as a nation, to the packed carparks of Bunnings on weekends, and the continued popularity of renovation shows on prime time television. But although it.....
1 September 2015
Many small and medium sized enterprises put most of their planning time into crafting business plans and ideas that will capture new business and drive more value from existing clients. But far fewer have plans in place for collecting debts and avoiding that painful situation where you have to.....
25 August 2015
Fast growing industry disrupter, Xero, and the old standard bearer for computer-based accounting software, MYOB, have both been generating more headlines for accounting than normal lately. The reason for MYOB’s prominence was the return to being a publicly traded company on the Australian.....
18 August 2015
Workplace health and wellness for Australian employees can sometimes be overlooked in the hectic day to day activities of any small business or medium sized enterprise. And when managers and owners look into ways to improve the work life balance and work lives of their employees, it is easy to.....
11 August 2015
A simple reality of running a small or medium sized enterprise in Australia is that your best bet for raising capital is through one of our banks. And that is actually great news, with the Australian banking system regarded as one of the strongest in the world. Even better, our big banks are all.....
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4 August 2015
As a business grows, one of the most important roles of a manager or owner of a small business or medium sized enterprise is finding the right person to help with that growth. Australia is lucky to have a world class education system, a well balanced workforce, and an incredibly diverse range of.....
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28 July 2015
No small or medium sized enterprise owner needs to be told that Australia’s tax system is complex. In fact, some people would probably go a little further and describe it as something more akin to Frankenstein’s monster, with two thousand page tax acts, dozens of regulations and hundreds of.....
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21 July 2015
Federal budgets are often more interesting for political watchers and journalists than small business owners and medium sized enterprise managers. But the 2015 Federal Budget handed down by Treasurer Joe Hockey recently was a different story. Reported by the media the next day as “the small.....
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14 July 2015
There are a few essential ingredients to founding, running, and growing a successful small or medium sized enterprise in Australia, or anywhere for that matter. Motivated staff, a great product or service, and a willingness to put in the hours required all go without saying. But without the.....
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14 July 2015
You are invited to an exclusive evening of wine tasting followed by a property investment seminar hosted by Scott Partners & Investment Property Help (IPH) We’ve partnered with IPH to help our valued clients find out whether property investment is right for them! Sample an array of.....
10 July 2015
Hi, I’m Scott Trevethan from Scott Partners here in Melbourne. Today, I want to talk to you about something that every small and medium sized enterprise faces: choosing the right structure for their business. What we’re going to do today is go through the most common business structures in.....
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2 July 2015
If you are a small or medium sized enterprise (SME) owner or manager, you are probably used to making all sorts of investment decisions. These might be in your premises, stock, phone system, or even training for your employees. But SME owners and operators sometimes forget that the most.....
13 June 2015
Things you need to consider BEFORE 30th June No matter whether you are in business, employed or an investor, there are some opportunities and housekeeping that you should attend to prior to that date of 30th June! 1. People who get paid a salary When your employer takes out tax from your pay and.....
22 April 2015
There are certain traits that are common to small and medium sized enterprise (SME) owners and operators. They are dedicated to their businesses, and often have impatience with simply following rules and doing things as they’ve always been done. Because of this, they are constantly trying to.....
22 April 2015
It’s fairly easy to compare owning or running a small or medium sized enterprise (SME) with juggling what can feel like dozens of “balls” in the air at any one time. Keeping on top of quotes, managing inventory, staff scheduling, managing emails, and dealing with suppliers – at the same.....
21 July 2020
The Federal Government has today provided an update on the future of the Jobkeeper program. Whilst no doubt the finer details will be made available over the coming weeks, the fundamental updates are as follows: The Jobkeeper program will be extended beyond the original September end date.....
14 July 2020
The Victorian Government is providing a further $5,000 grant to Melbourne based businesses affected by Covid - called the 'Expanded Business Support Fund'. The basic requirements to be eligible for this grant are as follows: The business must operate with an address located in metropolitan.....
11 June 2020
Instant asset write-off extended To further support Australian businesses through the fallout resulting from COVID-19, the government has extended the $150,000 instant asset write-off for an additional six months to 31 December 2020. Initially announced on 12 May and intended to last until 30.....
5 May 2020
As all leaders can attest to, no leadership role is smooth sailing. There will inevitably be the occasional storm coming over the horizon, with different challenges you need to respond to. Sometimes these challenges will be unprecedented, such as the impact of the coronavirus pandemic while.....
2 April 2020
5 Tips to Work Productively Remotely In the current climate, many businesses are needing to make changes to accommodate staff working remotely. If you are able to work from home the ensuing changes to your work habits can be challenging to negotiate, however there are things you can do to ensure.....
2 April 2020
  Salary Relief throws Lifeline to Businesses   If you’re wondering how you will manage the enormous business challenges presented by the COVID-19 crisis, the Australian Government has announced unprecedented assistance to help businesses of all sizes manage their.....
2 April 2020
The Economic Stimulus Package   Maintaining confidence, supporting investment, keeping people employed   By now you’re probably aware that the Federal Government has announced a $17.6 billion stimulus package. One designed to “protect the economy by maintaining confidence,.....
26 March 2020
We are here to help! Many businesses are confused by many aspects of the Fair Work Act as it is large and confusing. Scott Partners has a relationship with Happy HR and they can assist you by providing you a FREE 15 minutes support call by one of their HR degree qualified HR consultants to.....
16 March 2020
As we monitor and learn more about the spread of COVID-19, we want to let you know what we're doing as a company to protect our customers and employees. First and foremost, if you choose to visit us at our office, please know that we are doing everything we can to keep our office germ-free and are.....
15 January 2020
Running a business keeps you pretty busy, so it’s easy to overlook the help that’s available. Many small businesses don’t realise the government offers a range of valuable concessions that can make a real difference to their annual tax bill.   Depending on your annual turnover, these.....
17 December 2019
Christmas is a time of giving, when thoughts turn to family and to helping those less fortunate. To gift in a meaningful way that maximises the benefits, it’s important to consider tax.  While Australia doesn’t have a gift tax, there are tax considerations nonetheless for both the giver and.....
17 December 2019
If the introduction of Single Touch Payroll (STP) wasn’t a big enough challenge, small businesses can now look forward to the arrival of e invoicing and changes to the Superannuation Guarantee (SG) rules. Here’s a roundup of some of the latest tax developments. E-invoicing to be rolled.....
2 September 2020
Self-managed super funds (SMSFs) have had a challenging year, with COVID-19 linked market uncertainty affecting income and returns. But SMSF trustees haven’t been sitting on their hands. One of the main reasons people give for wanting to establish an SMSF in Australia is to have greater.....
5 May 2020
The recent sell-off on global sharemarkets due to the economic impact of COVID-19 has highlighted the risks of depending too heavily on a single asset class. Even before the current crisis, the ATO was concerned about a minority of self-managed superannuation funds (SMSFs) with up to 90 per.....
12 February 2019
A self-managed super fund (SMSF) is a popular way that many Australians trust to help them prepare financially for retirement. The primary difference between SMSFs and other types of super funds is that the members are also the trustees who control the investments and provide active management of.....
6 July 2018
How many times have you thought about setting up an SMSF but decided against it because it all seems too hard Believe us, we’ve heard that before. That's why we thought we’d shed some light on the subject! Did you know you can invest in all types of established property (including residential,.....
25 August 2016
The surprising changes to Australia’s superannuation system revealed in the Federal Budget came as a bad news for the millions who self-manage their super funds. According to Credit Suisse analyst Hasan Tevfik, the superannuation changes in ten years will be to the detriment of these.....
15 September 2015
Superannuation was introduced in the early 90’s as a way for Australians to contribute to their retirements alongside the Australian Government pension and other assets. Over the years, the compulsory superannuation guarantee has risen from the initial rate of 3% of ordinary time earnings, to.....
8 May 2019
Kerry Trevethan is our Practice Manager at Scott Partners, and her expertise lies in operational systems and process improvement as well as internal development and training. As a small business accountant in Melbourne, having Kerry’s expertise means our clients, staff and community are able.....
14 November 2018
Name Paul Turra Position Senior Manager Qualifications Bachelor of Business, Fellow of CPA       To say that we are proud to have Paul as part of the Scott Partners team is certainly an understatement. With over 20 years of experience as an auditor, Paul is as.....
12 October 2018
Position: Partner              Qualifications: Chartered Accountant; Bachelor of Business (Accounting) We are proud to welcome Donald Shaw to Scott Partners. Donald completed his tertiary studies at Monash University and graduated with a Bachelor of Business (Accounting). After.....
12 October 2018
Position: Partner Qualifications:  Bachelor of Business (Accounting); Bachelor of Business (Banking & Finance); Chartered Accountant; Master of Taxation Gavin Milner joined Scott Partners in 2018 and is looking forward to sharing his expertise, passion and capabilities with the rest of.....
11 October 2018
Since our inception, the driving force behind Scott Partners has always been to use our knowledge to help our clients’ businesses run as smoothly as possible. We achieve this by establishing a rapport with each of our clients and determining your unique wants and needs. As Scott Partners has.....
30 July 2018
Scott Partners is committed to being at the top of our profession and to providing the best quality services to our clients. That means that we continually develop our knowledge and skills so we can be the trusted accountant you deserve. For that reason, Scott Partners is a member of Chartered.....
5 May 2019
Choosing an Accountant When corporate branding and promotions company EmbroidMe Dandenong was on the lookout for an accountant, business owner Andrew Leong knew that he wanted more than just somebody to produce figures. He wanted a firm that could look at the figures and advise on how his.....
6 December 2018
As a new year rolls around and you are likely to be setting new goals for 2019, it also may be time to make some long-lasting and impactful changes for your business. Choosing the right service providers is crucial to business success and engaging the right accountant is one of the most important.....
14 November 2018
Excellent accounting is of course, our focus at Scott Partners. But that doesn’t mean its all we’re good for! We are pleased to have been able to support some of our longstanding clients in their courageous charity endeavors. If you haven’t heard about The Male Bag Foundation or The Variety.....
4 October 2018
When you buy a home, you look around for the best option, and choose the best terms possible. They fit in your budget and they’ll work for you until you make the last payment. The same goes for vehicular and personal loans. Often, it only takes a few years for the terms of the loan to be.....
19 July 2018
Even if you are diligent when lodging your tax return, you may find yourself at the mercy of the Australian Tax Office (ATO). The ATO contacts around 350,000 Australians each year in regards to tax returns. The question then becomes – what can you do to protect yourself from unexpected.....
13 June 2018
Through talking to us, this client has had the potential to save up to $280,000 in their tax planning. Issue: Client had existing property and plans to demolish and sub-divide. Why they sought out Scott Partners: This client wanted to know the tax consequences of their property.....
2 September 2020
Many small business owners and sole traders will be breathing a sigh of relief following the extension of the JobKeeper scheme until March next year. At the same time, however, the ATO is stepping up its compliance activities. Here’s a roundup of some of the key developments in the world of.....
4 June 2020
With COVID-19 dominating everyone’s thoughts, employers are being offered a brief window of opportunity to get their tax affairs in order with the new Superannuation Guarantee (SG) amnesty. There is also a range of virus related assistance on offer to help affected business and individual.....
4 June 2020
It always takes some planning to get your finances in order for the end of financial year, and this year may look a little different, come June 30. The COVID-19 pandemic may have impacted your circumstances and therefore your situation could be looking different to normal.  Perhaps you have.....
5 May 2020
With many people now working from home because of COVID-19, some of the expenses your employer normally covers – such as electricity, heating and cooling – are coming out of your pocket instead. Some employers provide a daily allowance to help with these additional costs, but if not it’s.....
23 March 2020
On 22 March the Government announced the details of the second stimulus package. Parliament is sitting today to pass this legislation which will provide us with more guidance as to how these will work. The key points of this are: Payments to Support Households There will be a second $750 payment.....
17 March 2020
Australian companies turning over less than $10 million a year are classified as ‘small businesses’ by the ATO. Small businesses employ 5.5 million people, contribute $380 billion to the economy and account for more than 99% of all Aussie businesses. This is not to be confused with the ABS.....
16 March 2020
As we monitor and learn more about the spread of COVID-19, we want to let you know what we're doing as a company to protect our customers and employees. First and foremost, if you choose to visit us at our office, please know that we are doing everything we can to keep our office germ-free and are.....
5 March 2020
The ATO is providing taxpayers in bushfire areas with more time to get their tax affairs in order, but at the same time it’s getting tough on employee car parking benefits and investigating lifestyle assets owned by wealthy taxpayers. Here’s a roundup of some of the latest developments when.....
5 March 2020
Check with Scott Partners if you are planning to purchase residential property in a family trust! A new surcharge has been implemented by the SRO. From 1 March 2020, the Victorian State Revenue Office changed its approach to the foreign duty surcharge on residential property acquired by.....
15 January 2020
It was a year of extremes, with shares hitting record highs and interest rates at historic lows. Yet all in all, 2019 delivered far better returns than Australian investors dared hope for at the start of the year. The total return from Australian shares (prices and dividend income) was 24 per cent.....
17 December 2019
Christmas is a time of giving, when thoughts turn to family and to helping those less fortunate. To gift in a meaningful way that maximises the benefits, it’s important to consider tax.  While Australia doesn’t have a gift tax, there are tax considerations nonetheless for both the giver and.....
17 December 2019
If the introduction of Single Touch Payroll (STP) wasn’t a big enough challenge, small businesses can now look forward to the arrival of e invoicing and changes to the Superannuation Guarantee (SG) rules. Here’s a roundup of some of the latest tax developments. E-invoicing to be rolled.....
23 September 2019
Goods and Services Tax (GST) is an important consideration for anyone starting out, or currently operating in business. Not all businesses will choose to register for GST and thresholds determine whether it is compulsory or not. Any small business accountant in Melbourne will tell you that those.....
10 September 2018
The Board of Taxation has completed a review of small business tax concessions that was announced earlier this year. The goal of the review was to examine the existing concessions for business owners and recommend any improvements or new approaches to reduce the burden for businesses. The Board.....
19 July 2018
Even if you are diligent when lodging your tax return, you may find yourself at the mercy of the Australian Tax Office (ATO). The ATO contacts around 350,000 Australians each year in regards to tax returns. The question then becomes – what can you do to protect yourself from unexpected.....
27 June 2018
Don’t let the EOFY blues hit home. Look out for the mistakes below to start this financial year with a plan in place and end it on a high! The financial year has come to a close. We can all finally take a moment to sit back, and relax, right Not exactly. This is the time to plan for the year.....
13 June 2018
Through talking to us, this client has had the potential to save up to $280,000 in their tax planning. Issue: Client had existing property and plans to demolish and sub-divide. Why they sought out Scott Partners: This client wanted to know the tax consequences of their property.....
4 August 2016
While taxes may not be as exciting to think about, they are something every small business must endure. When it comes to filing your taxes as a business owner, there are some factors that need to be taken into consideration. Knowing which expenses are deductible and those that are non-deductible is.....
22 December 2015
It is sometimes worthwhile taking a moment to reflect upon how much the business world has changed in the past decade. 10 years ago, billing customers using an app, not having a landline in the office, or not requiring staff to enter the office before they started their work day would have seemed.....
27 October 2015
The pace of change for small and medium sized enterprises across Victoria, and Australia, has been unrelenting in recent years. New taxes, new technology, new regulatory burdens and an economy affected by a once in a generation mining boom and bust cycle have all added to the ever-evolving.....
20 October 2015
Having to reduce your working hours, lay off staff or worst of all, put up the “closed” sign for good doesn’t happen overnight. But for too many Australian small businesses and medium sized enterprises, the warning signs are either not noticed or are ignored until it is too late to do.....
6 October 2015
It’s a proven fact that shocking headlines sell more newspapers and generate more “clicks” to online websites. So when we are confronted with headlines like “Billions wiped of the Australian share market today” it is natural to be more than a little curious. But even if you don’t own.....
22 September 2015
Buying a property is one of the most sensible and common ways that Australians invest for their financial future. But as with any investment, the difference between a good return and a great one is in the detail. And over the long term, a few percentage points of difference in what you earn and.....
15 September 2015
Superannuation was introduced in the early 90’s as a way for Australians to contribute to their retirements alongside the Australian Government pension and other assets. Over the years, the compulsory superannuation guarantee has risen from the initial rate of 3% of ordinary time earnings, to.....
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28 July 2015
No small or medium sized enterprise owner needs to be told that Australia’s tax system is complex. In fact, some people would probably go a little further and describe it as something more akin to Frankenstein’s monster, with two thousand page tax acts, dozens of regulations and hundreds of.....
there is no image available.
21 July 2015
Federal budgets are often more interesting for political watchers and journalists than small business owners and medium sized enterprise managers. But the 2015 Federal Budget handed down by Treasurer Joe Hockey recently was a different story. Reported by the media the next day as “the small.....
13 June 2015
Things you need to consider BEFORE 30th June No matter whether you are in business, employed or an investor, there are some opportunities and housekeeping that you should attend to prior to that date of 30th June! 1. People who get paid a salary When your employer takes out tax from your pay and.....
22 April 2015
Small and medium sized enterprises are the engines that keep the Australian economy moving in the right direction. But doing that means that thousands of business owners, managers and employees work long hours, go the extra mile for their clients and customers, and don’t stop until the job is.....
3 January 2020
As a small business owner, it’s imperative that you have reliable financial information that will help you track performance, manage cashflow and meet your tax and compliance obligations. In this short article we outline three key features of accounting for small business. Record.....
9 December 2019
Small business owners are always on the lookout for ways to improve performance.  If you’re serious about growing your business, then partnering with a small business accountant is a smart business move. Naturally, Scott Partners provides top quality taxation and compliance services, but we.....
13 September 2017
Scott Trevethan from Scott Partners recently filmed an episode for Brin "Secrets Exposed" with Dale Beaumont on how your accountant can give you more than you every thought.   There are over 500 million small to medium business owners (SMBs) on the planet – and without them life as we.....
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20 October 2016
If you're considering making the move to Xero from MYOB, this webinar will give you the good, bad and ugly. A must watch, listen or read for every Small Business.....
9 May 2016
Hello it's Scott Trevethan here from Scott Partners.  There has been lots of talk in the media and from both sides of politics about negative gearing.  But what is it  Scott Partners are dedicated to supporting our clients with the very best in property advice and assistance where appropriate so.....
10 July 2015
Hi, I’m Scott Trevethan from Scott Partners here in Melbourne. Today, I want to talk to you about something that every small and medium sized enterprise faces: choosing the right structure for their business. What we’re going to do today is go through the most common business structures in.....
2 September 2020
If your New Year’s resolution was to spend less time glued to your phone, you’ve probably found that unexpectedly challenging this year. While the impact of COVID-19 differs from state to state, many of us have experienced social isolation and the call to stay and work from home where possible,.....
6 August 2020
Our resilience has been tested of late and continues to be, with the ongoing situation of the coronavirus pandemic throwing challenges our way. Resilience has certainly become a now frequently used buzzword, but what does it actually mean According to the Oxford dictionary, the word.....
3 July 2020
We all want to be heard. Feeling truly listened to can boost your self-confidence, make you feel understood and strengthen the connection between you and others. In the workplace it can be the difference between feeling engaged or unappreciated. In the book You’re Not Listening: What You’re.....
2 April 2020
5 Tips to Work Productively Remotely In the current climate, many businesses are needing to make changes to accommodate staff working remotely. If you are able to work from home the ensuing changes to your work habits can be challenging to negotiate, however there are things you can do to ensure.....
5 March 2020
Achieving focus in a world of distractions Feel like you’re running on a hamster wheel, beholden to the constant pinging of your phone, busier than ever You’re not alone, with the trap of always being ‘on’ a curse of the modern day world. A 2019 report from BankMyCell found that the.....
11 February 2020
Overindulge over the holiday period You’re certainly not alone, but now it’s time to get back on track. Early in the year makes for the perfect time to dust yourself off and recommit to a your version of a balanced, healthy life.  Consider all aspects of your life Before rushing ahead to.....
15 January 2020
Want to make 2020 your year The year you reach great heights Key to reaching those dizzying heights is recognising that you are one of your greatest assets. Being self-aware and knowing your worth is crucial to positioning yourself for business and personal success and a more fulfilled life......
17 December 2019
Whether you’re glued to your desk most days or have honed the work/life balance, we all need to take a break at some point. The end of the year is a great time to reflect on your achievements and recharge. But while December is when many of us are trying to wind down, it can also be a chaotic.....
5 December 2018
When was the last time you took a moment out of your day to reflect on the things you are grateful for While we try to make this a common occurrence at Scott Partners, this month we wanted to share our responses with you and encourage you to do the same with your family or workplace!   "I.....
14 November 2018
Excellent accounting is of course, our focus at Scott Partners. But that doesn’t mean its all we’re good for! We are pleased to have been able to support some of our longstanding clients in their courageous charity endeavors. If you haven’t heard about The Male Bag Foundation or The Variety.....
9 October 2018
Eleven years after his passing, the estate of legendary singer James Brown is still not settled. Like Brown, the late Aretha Franklin also didn’t have a will outlining what is to happen with her assets - including her $108 million estate - now expected to take decades to settle. To plan for.....
8 July 2016
Customer relationship management (CRM) software can be one of the most useful applications any small business can hold at its disposal, allowing them to easily maintain updated, accurate records of the customer relationship building activities in their organisation. The movement into cloud-based.....
15 June 2016
Working from home may be the dream for some, but how do we find the right work-life balance when they often seem to overlap Whether you run your own small business or work for your company remotely, not having to commute to the office every day can save you a lot of time and money, not to mention.....
12 January 2016
Coming into the holiday season, a few things are guaranteed in Victoria: longer days, cricket at the MCG, and weather that doesn’t require four layers to brave the outdoors before 10am! And for many of us the long summer days also afford us the perfect excuse to escape to the golf course for a.....
29 December 2015
As owners as managers of small businesses and medium sized enterprises (SMEs) we are hard wired to have an entrepreneurial mindset. That often means that we look into the future and see a result, whether that is being the best in the area for your chosen service, or doubling your revenue within 3.....
1 December 2015
It might not be the kind of article you’ve come to expect from the blog here at Scott Partners, but the fact is we are all passionate about a few things – in addition to helping you plan and grow your small business or medium sized enterprise. And a couple of those things include cycling and.....
18 August 2015
Workplace health and wellness for Australian employees can sometimes be overlooked in the hectic day to day activities of any small business or medium sized enterprise. And when managers and owners look into ways to improve the work life balance and work lives of their employees, it is easy to.....
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2 July 2015
If you are a small or medium sized enterprise (SME) owner or manager, you are probably used to making all sorts of investment decisions. These might be in your premises, stock, phone system, or even training for your employees. But SME owners and operators sometimes forget that the most.....
22 April 2015
There are certain traits that are common to small and medium sized enterprise (SME) owners and operators. They are dedicated to their businesses, and often have impatience with simply following rules and doing things as they’ve always been done. Because of this, they are constantly trying to.....

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