
Latest News and Review

What the U.S Rate Cuts might mean to Australia
The impact of U.S. interest rate cuts and the likelihood of a recession can significantly influence Australia’s economy. Here’s a breakdown of both aspects: Impact

Federal Budget 2024
My first comments are those involving inflation. Inflation is triggered by too much money being pumped into the economy whereby goods and services are in

Federal Budget 2023
What’s in it for you? First of all, there is not much good news. In fact, note, most of us in the small to medium

The Federal Budget and What It Means To You
Tax cuts for most workers will be of great benefit to the Cairns economy. The Federal budget is designed to put more money in your

Small Business Loan Article 3
Small business often has an issue in trying to raise capital to finance expansion for equipment or simply to provide cash flow in the development

Small Business and the Business Plan Article 2
Your business needs a business plan to make you think through the consequences of the actual operations including the cash flow. Your business plan comprises

Your Small Business Article 1
Many people assume that when you have your own business you will make a lot of money. Generally in small business, you will need to

Trading Companies
How often do you hear that “I’ve got a company and I’m saving tax”? This sounds intriguing that people think, by having company, they going

Tax Tips
Preparing your own tax return might seem to be a cheap way for filing your income tax claims. Tax agents (accountants who have the licence

Economic Factors that affect your Business
How does economics affect your business? That might seem a rather interesting question and it does affect your business. If you think that federal or

Answer to Question by Patti
I have a question for Dr Ray Hamey. Do banks really take any notice of business plans or just real estate security? My response: That’s

Business Structure
There are a number of ways to organise your business structure. Many tradespeople become subcontractors and simply work for themselves. These contractors for example, are

Taxation System-Overview
Tax is a very boring or interesting topic depending on your perspective. The tax system is designed to collect money from you and when you

Answer to Question by Patti
I have a question for Dr Ray Hamey. Do banks really take any notice of business plans or just real estate security? My response: That’s

Small Business Loan
Small business often has an issue in trying to raise capital to finance expansion for equipment or simply to provide cash flow in the development

Answer to Question by Rail
The question asked by Rail is extremely interesting and complex. First of all, depends whether you are establishing a new business or you are purchasing

Crypto-Currency – Trader or Passive Investor?
Crypto-currency trading needs to be accounted for in your income tax return. The taxpayer needs to account for the profit (gain) or loss in your

Sierra has a new home on the web
Sierra Accounting and Consulting Pty Ltd has a new home on the web. Make sure that you keep checking out our site and our social media,