Blogs

Jul

Why Constructive Bookkeeping is Important for Your Business

July 27, 2021

Bookkeeping is the foundation of every business. Constructive bookkeeping is crucial in order to monitor your cash flow, taxes, finances, and the robustness of your business. It helps you keep track of your business objectives to stay on the continuum to achieving the long term business goals. Developing effective bookkeeping habits facilitates you in keeping an...

Jun

Indications Suggesting You Need Accounting Help

June 24, 2021

Starting your own business usually involves you managing your own finances, however, there may be times when you can no longer manage everything on your own and seeking professional help might be vital for your growing business. But how do you really know that it is about time to bring in a professional? Here are...

Jun

How To Know You Need An Accountant To Manage Your Taxes

June 9, 2021

Filing taxes can seem like a chore if you’re new to it and have no idea how to go about the process. Often, the task can seem too time-consuming and dreary. With no background or previous experience in taxation, you might need the help of a professional. Especially, if you run your own business, work...

Jun

Countdown to the EOFY –Tax Returns

June 4, 2021

With the end of the financial year right around the corner, every small business is in a rush to complete essential tasks like bookkeeping, tax returns, BAS returns and planning for the new financial year ahead. With Australia introducing JobKeeper to help small businesses sustain their workflow while paying their employees, taxes, and bookkeeping is...

May

Federal Budget 2021-22 Analysis

May 12, 2021

Investing in recovery In his third and possibly last Budget before the next federal election, Treasurer Josh Frydenberg is counting on a new wave of spending to ensure Australia’s economic recovery maintains its momentum.As expected, the focus is on jobs and major new spending on support for aged care, women and first-home buyers with some...

Mar

How to Do a Cash Flow Forecast

March 25, 2021

Poor cash flow is one of the biggest contributors to small business failure. To beat the odds and succeed in business, it pays to conduct regular cash flow forecasts. Here’s what it should include. What is your anticipated income? This figure is an estimate of what you expect to bring in from sales. Make sure...

Dec

3 Smart Tips for Reducing Your Tax Liability

December 23, 2020

Truth be told, paying taxes is not fun. It entails the stressful preparations you need to do to take into account all of your income. On top of that, it involves seeing a significant percentage of your earnings slip out of your hand. Nevertheless, paying taxes diligently and promptly is something that must be done....

Dec

The importance of cash flow and how you can manage it post COVID-19

December 14, 2020

Cash flow is the lifeblood of a small business, and in light of our current global economic crisis, cash flow management is even more critical than ever before. So how can your business focus on cash flow management as restrictions ease and our country begins to reopen? Well, here are 5 top tips on how...

Oct

Federal Budget 2020-21: Personal Tax

October 29, 2020

As expected, the Government has announced further tax relief for low and middle income earners building on last year’s Personal Income Tax Plan which is already legislated. This relief is provided by way of: from 1 July 2018 until 30 June 2022, a significant increase in the Low and Middle Income Tax Offset (LMITO)from 1...

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Moumita Ghosh

2020-11-18

We've been meeting Dayan for years now and he is great with his advice and is very knowledgeable and pragmatic. We recently used his services to get the home loan for our house and he and his team went above and beyond to get us the best possible deal. Ishara in his team was super communicative and responsive in following through and made the process very easy for us. Highly recommend them!

Cara Neela

2020-10-24

Dayan and Hasi are wonderful, wouldn’t hesitate to recommend them! They went through all with a fine tooth comb to ensure all was correct. Thanks to you both and the Opulent team!

Jason Barry

2020-09-29

I was looking for a different accountant and was recommended to Opulent Accountants. I have been blown away with there service. I wish I moved accountant sooner. Platinum Plumbing Enterprises P/L

Afshin Koohestani

2020-09-10

Uditha Illeperuma

2020-09-08

Opulent Finance gave professional advice for my unique home loan requirement. They respond quickly with the proper information. The process was smooth and I felt comfortable to deal with the team. The team is friendly and professional to deal with. Highly recommended for any one looking for finance.

Dinesh Fernando

2020-09-03

Very happy with the service provided in getting my tax returns done. Mr. Dayan is very helpful and professional and has extensive knowledge in his field of expertise. Highly recommend if you are looking for a hassle free and prompt service.

Ronald Turner

2020-07-16

Opulent were absolutely fantastic to deal with, they are competitively priced and incredibly proactive and friendly. For me I have been much better off using their fantastic services as opposed to doing tax returns myself. Sum was amazing, incredibly knowledgable and super friendlyI'll certainly be back with Opulent next year

Milinda Wickramasinghe

2020-07-05

Opulent team has been fantastic and it has been truly a pleasure dealing with the team for more than 10 years. Dayan and Ishara have gone above and beyond to assist and communicated with me even when I was overseas. Excellent service has being provided in a professional and timely manner. I would highly recommend the team.

Chami Ranaweera

2020-04-28

I have been working with Dayan last 9 years. All of my loans, refinance and tax are done through Opulent.Dayan and his team including Ishara are very helpful and easy to deal.

Edmund Lobo

2019-12-02

We were new entrants to the cattle farming scene. All the rules and regulations surrounding primary production can be very confusing. The team at Opulent Accountants walked us through all the steps, set up the necessary ABNs and Company / Trust accounts, filed the related pending BAS and Tax returns, and is currently keeping us up-to-date with all ATO related transactions. We recommend them highly to all.

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