Accountants Blog

Boost your business with a Small Business Digital Grant

Give your business an online boost with a Small Business Digital Grant from the Queensland Government.

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Top 10 tax myths busted

Tax season is underway and to help Australians get their returns right, the Australian Taxation Office (ATO) has identified the top 10 tax myths and misunderstandings it says are causing incorrect claims. Assistant Commissioner Kath Anderson says unreliable tax advice is leaving taxpayers exposed.

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Small Business Entrepreneur Grants

The Small Business Entrepreneur Grants Program is now open for applications. The Small Business Entrepreneur Grants Program provides new small businesses access to professional advice and support in the critical early stages of establishing a business. Available funding Matched funding of up to $5,000 (excluding GST) may be provided to eligible businesses

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2015-16 Tax Stats Released

The Australian Taxation Office (ATO) has released the annual Taxation Statistics report for the 2015-16 financial year. The report presents an overview of 16 million 2016 income tax returns for 13.5 million individuals, 940,000 companies, as well as superannuation funds, partnerships, and trusts.

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2018/19 Federal Budget Highlights

2018/19 Federal Budget Highlights Mr Scott Morrison, the Federal Treasurer, handed down his third Budget at 7.30 pm (AEST) on 8 May 2018. Mr Morrison said the Budget is focused on further strengthening the economy to “guarantee the essentials Australians rely on” and “responsibly repair the budget”.

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Decision to expand SMSFs to six members gets tick of approval

The Federal Government’s decision to expand the number of members allowed in an SMSF from four to six and to include SMSFs in the Superstream digital rollover process has been welcomed by the SMSF Association.

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Grants for Small Business Growth

Business Growth Fund Program The Business Growth Fund Program, delivered by the Office of Small Business, is a grant program which provides targeted assistance for small and medium businesses that demonstrate high-growth and employment aspirations. The fund will enable successful applicants to purchase and implement specialised equipment or services to help them seize growth opportunities.

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New tax debt transparency laws a ‘wake-up call’ for small business

Exposure draft legislation for the transparency of business tax debts was released last week, aiming to allow the ATO to disclose business tax debts to credit reporting bureaus where the businesses have not effectively engaged with the tax office to manage their debt.

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How to invest in Bitcoin (if you insist!)

Investing Following on from our discussion on whether you should invest in Bitcoin and the difference between investing and speculation, we share our tips on how to be a smarter speculator. We know Bitcoin probably got mentioned at least once at your office Christmas party this year. It did at ours.

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Should you invest in Bitcoin?

Investing If you haven’t noticed Bitcoin and other ‘cryptocurrencies’ like Ethereum making headlines recently you may be living under a Bitcoin! Even Alan Kohler’s nightly finance segment on ABC News now includes a snapshot of the price moves in Bitcoin and other obscure cryptocurrencies.

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What Our Clients Think

Bottom line Control, headed by Malcolm Chilman, have been by tax agent/accountant/book keeper for more than 10 years now, and I have nothing but praise for the efficient and cost effective way they go about their work. I have recently given them my SMSF as well and am impressed by the meticulous way he goes about the process of staying within the lines of the over-complex Superannuation law.

Whether it is simple BAS bookkeeping or complex questions of tax law, Malcolm is always there to help. And if he does not know some intimate detail of our almost incomprehensible tax process, he knows where to find the answer.

Every business has the occasional need for a quick answer, so one of the characteristics that I appreciate here, is Malcolm's ready availability, by phone and email.

PA Apartments - Business Accountant Client

Byron Scott

Business Owner & Investor
PA Apartments
40 Wholseley St, Woolloongabba, Qld 4102
Phone: (07) 3891 1742 | Email: info@PAapartments.com.au

Thank you for your support, and assistance over the past several years. I personally feel that from our cooperative services that Ram Automotive has been able to grow toward the sustainable company of which is today.

Bottom Line Control has given myself a great understanding of the companies finances, and also through ongoing fiscal performance meetings. Now knowing what Ram Automotive can expect for the future.

I look forward to an ongoing relationship with Malcolm and Bottom Line control, to secure our future within our community.

Ram Automotive  - Business Accountant Client

Matthew Katterns

Proprietor of Ram Automotive Coolum Beach

We changed all of our financials over to Bottom Line a few years ago and have been quite impressed with the service and advice we have received. Nothing is too much to ask of them. Thank you to Malcolm and staff for being there for us.

Rex and Turtle- Business Accountant Client

Wayne & Penny Rex

Business owners and Property Developers

We switched to Bottom Line Control after realizing that our previous accountant was giving us incorrect advice and charging a premium for it.  We have now been using Bottom Line Control for several years and have found Malcolm to be thorough and reasonably priced.  He always finds ways to save money on our taxes. Malcolm and his staff are highly responsive and very easy to work with.  We highly recommend.

Equathon Horse Riding - Business Accountant Clienti

Alex & Rebecca Watson

Equathon Horse Riding
PO Box 301 Noosa Heads, QLD 4567
Phone: (07) 5474 2665

Thanks Malcolm for saving me the stress of sorting through all the issues of self-employment, and the many confusing deductions and tax items associated with that. Although I was extremely late in lodging my tax return, it was not a problem for you, and you managed to get me a healthy refund when I was sure I was going to have a bill! I will certainly be using your services in the future and have already been recommending you to others.

Kim Anderson  - Business Accountant Client

Kim Anderson

Freelance Journalist (The Anderson Outlook)

I have found Bottom Line Control to be very attentive to the needs of the business and reacts in a speedy manner, getting the job done.

Ricks Pies - Business Accountant Client

Graham Martin

Founder of “Dough Fusion” chain of bakeries and Rick’s Artisan Pies and Sourdough