SPR Accounting, located in the centre of Pyrmont has been providing quality accounting services to a diverse range of businesses since 2011. Specialising in small business but never leaving behind the individual, SPR Accounting has a varied client base including scrap metal merchants and employment agencies.

Accounting services should not stop with your quarterly BAS. At SPR Accounting, our personalised service strives to help you understand the financial side of your business and help you work towards your business goals.

It is important to get the most out of your money and a self-managed superannuation fund can be a valuable addition to many small businesses. It allows clients to take control of their retirement savings in a tax effective way.

So, if you own your own premises or are thinking about purchasing your own premise then a self-managed super fund could be the way to go. This has proven to be a winning combination, which frees up cash and improves growth.

It’s always great to have some up to date information – here is a word from our director, Simon Reed:

Increasing the GST, what this may mean for you.

I do not know if raising the GST from 10% to 15% is a great idea or not for the economy. I do however wonder how it will effect small businesses and middle income earners.

I am an accountant and I deal with small business who provide services to middle Australia.

Yes I am sure that the people who need to be looked after will be. The pensioners will get bigger pensions and be no worse off, for this I am happy.

The rich will be fine, and probably not even notice the 5% increase but as for the rest of us. It will have an impact.

Yes we may see that stamp duty on houses disappear and that is a good thing but we all probably think that house prices will just increase that little bit more, besides how often do we buy a house?

However everything will increase slightly from our electricity, gas and phone bills right to our morning coffees. You can bet the large companies will pass on the full 5% to us and we will not be able to reduce our phone or electricity bill. But once all your customers have paid all the things that they have to pay and are being paid the same by their employers. Do you think they will have enough money left over to pay you for your services or products? Or will they just buy them less often?

Are you prepared?

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