Author: John Stitt

Web: www.profitwise.com.au  Phone: (07) 3863 3933 Address: Unit 9B Clock Corner, 521 Beams Road, Carseldine QLD 4034 Master Your Tax Deductions with the ATO App & Profitwise Accountants Pty Ltd Learn how to record your work-related deductions step-by-step using the ATO app. Staying organized throughout the year means a faster, easier, and stress-free tax season with maximum savings. What You’ll Learn in This Tutorial: • How to navigate the ATO…  Read more

https://profitwise.com.au/app/uploads/VIDEO-2026-02-26-09-59-21.mp4 BAS Due Soon? Don’t Let GST Shock Your Business. Many Australian sole traders and small businesses overpay GST — simply because of incorrect expense coding or poor bookkeeping. Before you lodge your BAS, make sure your numbers are right. ✔ Accurate GST Calculation ✔ BAS Preparation & Lodgement ✔ Cash vs Accrual Review ✔ Expense & GST Error Check ✔ ATO Compliance Support Avoid penalties from the Australian Taxation…  Read more

📊 Inflation still easing but core pressures remain Australia’s inflation has continued to slow, with the annual Consumer Price Index rising 3.4% in November 2025 — softer than earlier months but still above the Reserve Bank’s target range of 2–3 per cent. Underlying inflation (trimmed mean) also eased slightly, but price pressures in housing and other services remain persistent. These figures suggest inflation is cooling, yet not enough for immediate…  Read more

https://profitwise.com.au/app/uploads/FB_VID_3192602722609043170.mp4 Trusted Accounting & Bookkeeping Services. Looking for a reliable accountant who truly cares about your business? We’re proud to share recent client feedback highlighting: ✔ Friendly, professional service ✔ Expert tax, accounting & bookkeeping support ✔ Easy online portal & electronic signatures (saving you time) ✔ Business growth & tax minimisation advice ✔ Trusted by clients who are very likely to recommend us At Profitwise Accountants Pty Ltd, we…  Read more

Intro Profitwise Accountant Website Part 1  Read more

If you want to increase sales on your e-commerce site, you should not only focus on traffic but also on your conversion rate. The higher your conversion rate, the more money you can make with the same number of visitors. Here are five tactics to help you increase your conversion rate. Test Testing is an important part of improving your conversion rate. Split testing can help you determine what aspects…  Read more

Risk tolerance, time horizon, and asset allocation – you’ve dealt with these factors for a good part of your life, but now, in the face of retirement, they take on a more urgent and significant role. These factors – particularly tactical asset allocation – are vital to maximizing your assets before your retire in a few years’ time. A Different Take on Risk Tolerance and Time Horizon As your time…  Read more

In business, finding a niche that can supply enough revenue is important. More entrepreneurs than ever are realising the importance of finding a narrow set of customers and catering their product or service to them. This allows you to focus your efforts on being great at a few things, rather than mediocre at many. But how do you find your ideal target market? This article will get you started by…  Read more

If you’re a small business owner with a modest marketing budget, every dollar you spend has to be worth the investment. For decades—before the web, Google, and social media transformed the nature of marketing—buying an ad in the local Yellow Pages was a reliable way for people to find a business. The fact is, these days most consumers across the globe use the web and review sites like Yelp, TripAdvisor,…  Read more

Freelancers in all industries deal with the same problems due to the nature of their work.  Typically, freelancers are solo work-from-home contractors that manage every aspect of their business.  If you’re thinking of dropping your career as an employee to begin freelancing, consider the following obstacles you will need to navigate.  Unfortunately, problems beget more problems, and a shaky foundation quickly leads to a crumbly business, and many regrets about…  Read more

If your business hasn’t made it a habit to support a good cause, here’s why you should: giving back does more than make a difference in your community. Participating in charitable activities can have a positive impact on your staff, your customers and your bottom line. Customers want to support companies that demonstrate a commitment to more than earning a profit. A 2010 study by Cone Marketing showed that 85…  Read more

Managing people is one thing, but anyone with experience of managing managers will know that’s a completely different ball game. A management team that works in complete harmony is a rare and beautiful thing, but it never comes easy. In fact, it’s paradoxical to think it should ever be that a group of people with strong leadership and management skills will operate without conflict for any length of time. The…  Read more

Bookstores and libraries around the world supply excellent instructional materials. Riding in the car or commuting on the train, you can learn from experts. The bestseller lists at Amazon are fantastic resources. The lists are updated regularly with current insight about the best books on the market. Have a look at some of the best books on business and money currently on the Amazon list. The Millionaire Next Door Thomas…  Read more

Email marketing is one of the best ways to develop a relationship with your customers. It’s also a proven way to increase sales with subscribers who are interested, qualified buyers. The key to maintaining high open rates with your email campaigns is to craft catchy subject lines for every email you send out to your customers. These ten proven tips will show you how to quickly grab attention with compelling…  Read more

Your employees are the blood of your entrepreneurial life. No start-up will survive without a good set of people making sure that things run perfectly. The problem for you and any other entrepreneur is making sure that the people on your team are trustworthy and reliable. Some people have a sixth sense when it comes to reading people, but if you’re not that lucky you can simply keep an eye…  Read more

Top Ten Estate Planning and Family Wealth Protection Resolutions for 2024 As we welcome 2024, it’s an important time to prioritise your estate planning and family wealth protection. Making these resolutions now can provide you with a sense of achievement and relief from the weight of uncertainty. Here are the top ten resolutions you should start on immediately to ensure your family’s future is secure. These can be done using…  Read more

With social media, you can connect with business associates quickly and creatively. But this communication mode is not without risk. A thoughtless post can offend customers and other business partners and damage relationships rather than build them. By following a few ground rules you can be confident your comments and posts will be appropriate ones. Check your Messages for Grammar and Spelling Your co-workers and business partners evaluate your communication…  Read more

In today’s fast-paced, digital world, interacting face to face with clients and prospects may seem passé. In fact, face time is more important than ever. For one, you’ll stand apart from your competitors who only touch base with their customers via email, social media, and virtual conferencing. And by hosting in-person events that attract new leads as well as existing customers, you’ll be able to create trust and strengthen ties.…  Read more

What Types of Tax Receipts should you keep? When you own a small business, you want to get every possible deduction on your taxes.  Without tax receipts, the maximum amount you can claim is $300. That’s why it’s important to keep a tax receipt for every expense, such as: Travel If you travel for work and are away from home overnight, you may be able to claim your travel expenses.…  Read more

Use the Right Business Structure When you start a new business, you need to carefully choose the right business structure for your goals and for the type of business you want to run. Each business structure has different requirements around set-up costs, asset protection and tax. There are four primary business structures in Australia and their tax implications are as follows: Sole trader You pay taxes on your business income…  Read more