Wayne Swan was always going to get the budget to show a surplus.  His & Labor’s reputation, in his eyes at least, depended on it.  Even if the projected surplus is based on optimistic assumptions about tax revenue, the surplus would be in the figures.  Even if last years deficit ended up being twice as [...] Read more

The mining and energy sectors are opening up increasingly more work for local companies.  While the income can be good the costs of doing business in these sectors are also much higher.  There is a tax benefit that can help offset some of that cost.  The “living away from home” and “remote housing benefit” have [...] Read more

“Businesses are recording bad profits and not good profits in their financial statements!” Fred Reichheld, author of the Net Promoter System, told the audience.  Bad profits are your phone company charging extra for your mobile phone when you go over your plan.  Bad profits are a restaurant trimming the meat off your burger or sandwich.  [...] Read more

Doesn’t it feel good when you touch the accelerator and you get an immediate response from your car’s engine accelerating you out of danger or quickly past the car in front?  In the same way a finely tuned business is better able to avoid danger and much better able to take advantage of opportunities.  A [...] Read more

Having lost a full frontal battle to totally demolish trusts just over ten years ago by trying to tax trusts as companies, the ATO has resumed the battle in recent years in a sniper approach.  The latest sniper attack comes in the form of a consultation paper released late last year that puts forward options [...] Read more

Welcome to the launch of Ambrosiussen TV!  This page will showcase videos that are relevant to your business, including popular Gazelles and strategic planning topics. We launch with a video of Peter Ambrosiussen being interviewed by CPA Australia.  Peter was selected as part of Showcasing Best Practice in Public Practice .    We have included an extract [...] Read more

I am often asked “what is the best way to motivate my employees”.  The people asking this question are often thinking of the reward in monetary terms.  This is an intuitive answer.    However studies have shown that money is not a good motivator.  In fact money as a reward often leads to poorer performance.  This [...] Read more

Ambrosiussen Accountants is dedicated to helping executive teams to increase the value and strategic effectiveness of their organisations.  Gazelles Inc provides executive education, coaching and technology services, specifically for businesses who have recognised that change is necessary within their business. Best known for their one page strategic plan and other tools, the world renowned Gazelles system [...] Read more

When you hear the words fringe benefits tax do you think of opportunity or do you think of tax and onerous record keeping. If your thoughts go to the record keeping and the tax you are not alone. The good news is there is substantial income tax saving able to be made by using the [...] Read more

Imagine if you only paid your staff for four days in the week instead of the five days they worked. You’d have an uprising taking place. Read more