Ore Advisory

Ore Advisory We are your local Accountants for Business (and everything in between, we’re here for you!)

We de

On behalf of Glenn and the entire Ore Advisory team, we wish you a very merry Christmas and a Happy New Year! We hope yo...
24/12/2023

On behalf of Glenn and the entire Ore Advisory team, we wish you a very merry Christmas and a Happy New Year!

We hope you get to spend your holiday season with friends, loved ones and incredible food! Now is the time to overindulge, reflect and cherish the moments.

We hope you have a wonderful day!

The Ore Advisory Team ⚒️

What a year! We can’t believe we’re nearly at the end of it. So it’s the perfect time to start planning ahead! When it c...
21/12/2023

What a year! We can’t believe we’re nearly at the end of it. So it’s the perfect time to start planning ahead!

When it comes to your business, having a solid foundation for growth starts with a good business plan, clear and aligned goals, and a sound understanding of your finances and how you can maximise what you’re bringing into the business.

So, do you have a solid 12 month plan? Or could you use a little guidance?

The Ore Advisory Team ⚒️

Are you embracing the Christmas spirit and thinking about giving your employees something to say thank you for this year...
17/12/2023

Are you embracing the Christmas spirit and thinking about giving your employees something to say thank you for this year?⁠
Certain gifts are tax deductible, making it rewarding for both the employee and the employer. ⁠
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Gifts such as hampers, skincare, beauty products, flowers, wine, computers, crockery, gardening equipment, gift vouchers, groceries and games are just some of the ideas that fall under the ATO guidelines for tax deductible gifts. ⁠
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But don’t forget, it must be a gift classified as non-entertainment, abides by the FBT, under $300 and a once off. ⁠
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And remember to always keep records and receipts to claim your tax deduction. ⁠
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- The Ore Advisory Team ⚒️

Do you have a rental property? 🏡 If you do, do you know the rules around claiming second-hand depreciating assets? These...
15/12/2023

Do you have a rental property? 🏡

If you do, do you know the rules around claiming second-hand depreciating assets? These are items previously used or ready for use in a rental property. From flooring and window coverings to air conditioners, washing machines, pool pumps, spas, etc.

The rules for deductions are specific and something we help our clients navigate. Want to know more? You can sign up for our newsletter here (insert link or pathway) or contact us and see whether you can claim your depreciating assets.

📞 (03) 5444 5777
⚒️Ore Advisory

10 Questions Your Accountant Might Ask YouIf you get anxious or want to be prepared for your meeting with the accountant...
14/12/2023

10 Questions Your Accountant Might Ask You
If you get anxious or want to be prepared for your meeting with the accountant, here are 10 common questions an accountant might ask you:

Acceptable records:
- Name or business name of business supplier
- The amount of the expense or cost of the asset
- The nature of the goods or services you buy
- The date you purchased the goods or services
- The date the document was produced.

Deductions for work-related expenses:
- How you spend the money
- Was the expense directly related to earning your
Income?
- Was it private or work-related use?
- If you use an asset for personal and work use, like a car, have you kept records to separate the costs?
- What method are you using to calculate your deductions?

⚒️Ore Advisory

Time's Running Out: Book Your Tax Return Today 📅If you're using a registered tax agent, this is your final submission da...
12/12/2023

Time's Running Out: Book Your Tax Return Today 📅

If you're using a registered tax agent, this is your final submission date: May 15, 2024.

Need to book in and get it sorted? Book here www.oreadvisory.com.au/book

Feeling the tax shock? If you’re wondering where your tax refund is (or lack thereof), find out below:Expired Offsets: S...
10/12/2023

Feeling the tax shock? If you’re wondering where your tax refund is (or lack thereof), find out below:

Expired Offsets: Some tax offsets have vanished, like LMITO, leaving you without those extra deductions.

HECS/HELP Repayments: A higher income or missed employer notifications could contribute to your bill.

PAYG Withholding: Not enough tax withheld? Multiple jobs or allowances might be to blame.

Income-Related Factors: Business income, capital gains, investments, and changes in family status can all impact your bill.

Health Insurance: Changes in your rebate or excessive contributions might be at play.

More Factors: Concessional contributions, data discrepancies, and other surprises can also affect your outcome.

Ready to untangle your tax situation? Let's chat and navigate your financial path together.

⚒️Ore Advisory

Navigating Tax Deductions: From Childcare to CommutingClaiming deductions isn't a one-size-fits-all game. Childcare, clo...
07/12/2023

Navigating Tax Deductions: From Childcare to Commuting
Claiming deductions isn't a one-size-fits-all game. Childcare, clothing, commuting – what's deductible and what's not? 🧐

Contact us to see what’s deductible and what’s not.

📞 (03) 5444 5777
⚒️Ore Advisory

Did you know self-education can be a tax benefit?Self-education costs can be claimed as a tax benefit if they’re work-re...
06/12/2023

Did you know self-education can be a tax benefit?

Self-education costs can be claimed as a tax benefit if they’re work-related. Whilst this could be a great strategy to improve your skills and knowledge PLUS provide a tax benefit, there are specific rules and regulations to ensure self-education is tax-compliant.

Want to know what they are? Sign up for our newsletter ‘Tax Matters’ and get a step-by-step on how to claim self-education properly.

www.oreadvisory.com.au

Ore Advisory ⚒️

We’re not the ‘anything-to-run-up-your-billables’ kind of advisory, and we pride ourselves on being proactive. We handle...
03/12/2023

We’re not the ‘anything-to-run-up-your-billables’ kind of advisory, and we pride ourselves on being proactive.

We handle everything and sort your tax calendar, from Activity Statements to monthly Payroll to PAYG Withholding Payment Summaries. And when you do hear from us unexpectedly, it will be before deadlines, when we need more information or your sign-off.

If you need a trusted, local Bendigo Accountant working behind the scenes to ensure your business is on track, contact us today for a free discovery call.

www.oreadvisory.com.au/discovery-call

Ore Advisory ⚒️

Hi, I’m Glenn 👋 The Bendigo-born, numbers-loving accountant, entrepreneur and Director of Ore Advisory.⁠⁠Bendigo is my h...
30/11/2023

Hi, I’m Glenn 👋 The Bendigo-born, numbers-loving accountant, entrepreneur and Director of Ore Advisory.⁠
⁠
Bendigo is my home. It’s where I was born, it’s where I’ve raised my family, and it’s no surprise that I started Ore Advisory right here in Bendigo, helping the local community achieve their business, financial and personal goals.⁠
⁠
Here’s some stuff you should know…⁠
⁠
The business stuff:⁠
25+ years of experience⁠
Member of CPA Australia and the Institute of Public Accountants⁠
Expertise: Business and Property Structures, Business Advice, Capital Gains Tax and Estate Planning⁠
⁠
The me stuff:⁠
Proud dad of four young adults & two fur babies, Maggie & Lucy⁠
Fan of Bali and island life⁠
Avid conference attendee, YouTube watcher, and food & drink connoisseur⁠
⁠
Want to learn more about the team at Ore Advisory? Click here: www.oreadvisory.com.au/team

Need Help Navigating Crypto Tax? Swipe across and discover 5 key areas to tax-smart crypto!1. Accurate Compliance with C...
30/11/2023

Need Help Navigating Crypto Tax? Swipe across and discover 5 key areas to tax-smart crypto!

1. Accurate Compliance with Crypto Tax Platforms:
Complex crypto transactions? No worries! Use a Crypto Tax Calculator, the ultimate solution for seamless data import and ATO-aligned calculations.

2. Breaking the myth: crypto-to-crypto trades are taxable events; e.g. trading one cryptocurrency for another (e.g., Bitcoin for Ethereum) is considered a disposal and a taxable event in the eyes of the ATO.

3.Prepare for Every Transaction's Tax Implication:
Avoid last-minute tax surprises by allocating a portion of each crypto transaction to a dedicated 'tax' fund. Stay one step ahead of obligations!

4. Personal Use vs. Investment: The ATO taxes cryptocurrency for personal use differently than crypto investments, so be sure to categorise your expenses.

5. Proactive Planning in Volatile Markets:
Crypto's wild ride calls for proactive management. Stay on top of your portfolio and regularly contact your advisor to manage capital losses strategically and ride the waves of crypto volatility.

Ore Advisory ⚒️

Address

28 Charleston Road
Bendigo, VIC
3550

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+61354445777

Website

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