Managing Director, Business Edge Advisors

Clayton Wood

Clayton has run Business Edge Advisors since 2013. The practice has been on the border since 1988, and he took it over with the same idea it started with: a business owner should be able to ring their accountant and get a straight answer.

Most of his week goes on trade and small business owners around Albury and Wodonga, working through the things that actually decide whether a year went well. What structure to be in, what to do before 30 June, and whether the numbers on the screen mean what the owner thinks they mean. He writes here about the questions that come up most often, in the same words he would use across the desk.

Registered Tax Agent 20651000. Level 1, 561 Olive Street, Albury NSW 2640.

Book a meeting Call 02 6041 1687

What he writes about

Tax, which is mostly what you can claim, what gets knocked back, and what changed this year.
Xero and bookkeeping, for owners who would rather the software did the work.
Business planning, being the part that happens before the numbers are already bad.
Individual returns, because a lot of business clients started as a personal return.

July 4, 2019 by Clayton

Three people stand in a field holding signs; two have green ticks and one has a red cross over her face

Donating to charity not only supports the vital work of an organisation or group, but it can have positive side-effects when it comes to claiming tax deductions. This will help reduce your Income Tax Return and get you a bigger refund as an individual. To be eligible for a tax credit, you need to make … Read more

July 2, 2019 by Clayton

A small green sapling growing from a mound of soil held in an open palm against a blurred forest background

The best accountants can do much more than just tax and compliance work for your business. They’re troubleshooters and strategic advisors for small business. Basically, having an accountant means that you can operate your business with more clarity and confidence. Whether you’re working to get a startup off the ground, or taking the reins of … Read more

July 1, 2019 by Clayton

Stacked folders overflowing with thick piles of white paper in a filing system

So if you have not started reporting your STP obligation’s, it’s time to start with July 1st 2019 being the deadline. But you also need to submit and complete your annual Payment Summaries too so your employees can complete their Tax Returns and get their Tax Refunds. Annual payment summaries must be provided to your … Read more

June 30, 2019 by Clayton

A person's hand holding a pen over financial documents and a calculator on an office desk

There is a lot to deal with at the end of the financial year, and while your tax return may not be due for some months yet, it is good business to get your 2019 records in order before you get stuck into the next tax year! What records do you need to have ready? … Read more

June 25, 2019 by Clayton

A person wearing yellow headphones and glasses works on a laptop in front of a large window overlooking a city

Downtime is a fact of life and the mental break can be a good thing. But sometimes you get stuck doing nothing when your mind’s ready to work. Thanks to podcasts, you can use that time to get tips on e-commerce, filing taxes, how to do market research or even launching a crowdfunding campaign. We … Read more

June 23, 2019 by Clayton

A pink piggy bank sits atop a calendar showing the date 30 June, next to a vertical block spelling EOFY

If you are already reporting Single Touch Payroll (STP) to the ATO, there is a different process for issuing payment summaries from now on. Employers usually must provide payment summaries to employees by 14 July. In the STP reporting system, employers must make a finalisation declaration by this date, in order that the employee’s information … Read more

June 18, 2019June 12, 2019 by Clayton

Text on blue background reads Getting ready for 2019 EOFY SERIES SMSF and a website URL at the bottom

We all would like to reduce our tax exposure and minimise the risk of an audit by the regulators. This end of financial year update series outlines the actions you can take to do exactly that! This particular blog is targeted for those with a SMSF. What’s new Carry forward unused concessional contributions If you … Read more

June 18, 2019June 12, 2019 by Clayton

Getting ready for 2019 EOFY SERIES partnership

We all would like to reduce our tax exposure and minimise the risk of an audit by the regulators. This end of financial year update series outlines the actions you can take to do exactly that! This particular blog is targeted for those in a Partnership. What’s new Partnerships and the small business CGT concessions … Read more

June 19, 2019June 12, 2019 by Clayton

Getting ready for 2019 EOFY SERIES campaign by [2016] .COM.AU on a gold gradient background

We all would like to reduce our tax exposure and minimise the risk of an audit by the regulators. This end of financial year update series outlines the actions you can take to do exactly that! This particular blog is targeted for Company entities. What’s new Extension and increase to the instant asset write-off The … Read more

June 19, 2019June 12, 2019 by Clayton

We all would like to reduce our tax exposure and minimise the risk of an audit by the regulators. This end of financial year update series outlines the actions you can take to do exactly that! This particular blog is targeted for individuals that are Sole Traders. Superannuation Carry forward unused concessional contributions If you … Read more

Clayton Wood

What he writes about

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