SerRico: Accounting, Tax & Money Management

⚡🚗 TAKE ADVANTAGE OF THE FBT BENEFITS OF ELECTRIC VEHICLES

Great to see more people making the move towards eligible electric vehicles — and taking advantage of the significant FBT tax benefits available.

I was at Audi today and was told they have sold out of all their electric vehicles, with no new stock expected until the end of the year.

If you’re considering an electric vehicle, it’s worth understanding the tax benefits before you buy.

For eligible EVs provided by an employer, the FBT exemption can potentially mean:
✅ No FBT payable on the eligible EV
✅ Significant tax savings
✅ More of your income retained
✅ A tax-effective way to provide a vehicle to yourself or employees

But the key is getting the structure and eligibility right from the beginning.

⚠️ Not every electric vehicle or arrangement qualifies, and there are specific requirements that need to be considered.

At SerRico Accounting, we help clients identify and implement tax-saving strategies — not just at tax time, but throughout the year.

💡 Don’t wait until after you buy. Get the right advice first.

📞 Contact us to discuss electric vehicles, FBT and other strategies to legally minimise tax and maximise your financial position.

https://calendly.com/daniel-serrico/intromeeting

Put simply, CGT isn’t a separate tax. It’s the income tax you pay on the profit you make when you sell or dispose of an asset.

This includes things like:
🏠 rental properties
📉 shares
💻 crypto assets.

If you dispose of an asset (meaning, you stop owning it) a CGT event may occur. That’s when you’ll need to report a capital gain or capital loss in your tax return.

Capital gain: will increase the tax you need to pay.

Capital loss: can be used to offset other capital gains you make in the future. This will reduce the tax you need to pay, so don’t forget to report these!

Need help with a linking code, myGov, or your tax return?

You're not alone. These are some of the most common questions we receive every tax time.

Type the QC number into the search bar on our website to find the right info.

🌅 Monday Motivation

Success starts with better decisions.

The right strategy can help you:
✅ Keep more of what you earn
✅ Grow your wealth
✅ Reduce financial stress

At SerRico Accounting, we help business owners, investors and professionals make smarter financial decisions — not just complete tax returns.

Start planning your success today.

📅 Book your introduction meeting:
https://calendly.com/daniel-serrico/intromeeting

Who Are Our Clients? 👇

At SerRico Accounting, we’re not looking for clients who simply want their tax return completed once a year.

We want to work with people who are serious about taking control of their financial future.

Our ideal clients are those who:

🔹 Take responsibility for their finances and want greater control over their money.

🔹 Value regular communication with their accountant and understand that good advice shouldn’t only happen at tax time.

🔹 Invest in professional advice because they understand that paying for the right advice can create far greater financial results.

🔹 Appreciate our time and expertise and are willing to invest in ongoing accounting, tax and advisory services.

🔹 Want to minimise unnecessary debt and use their money to build quality investments and assets.

🔹 Want to grow their business, increase profitability and make better financial decisions.

🔹 Want to maximise their wealth, rather than simply minimise their tax.

🔹 Want financial freedom — not just for themselves, but for their family and future generations.

🔹 Want to create better financial habits and set their children up with strong financial foundations.

🔹 Want an accountant who is proactive, challenges their thinking and helps identify opportunities rather than simply processing the numbers.

Our goal isn’t to have the most clients.

It’s to work with the right clients — people who are committed to improving their financial position and are prepared to invest in the advice, systems and strategies required to get there.

If that sounds like you, let’s talk.

📅 Book a time: https://calendly.com/daniel-serrico/intromeeting

SerRico Accounting — More than just tax.

💡 SerRico Success Insight

Your financial future is shaped by the decisions you make today.

Successful business owners and investors don’t wait until tax time to think about their finances.

They review, plan and implement strategies throughout the year to:
✅ Improve cash flow
✅ Minimise unnecessary tax
✅ Build wealth
✅ Achieve their goals faster

At SerRico Accounting, we help clients make smarter financial decisions with confidence.

📅 Book your strategy meeting:
https://calendly.com/daniel-serrico/intromeeting

📍 Great to be in Sydney CBD today, working directly with clients.

There are so many benefits to working with clients at their premises:

✅ Work in their environment – where they and their team are comfortable.

✅ Understand the business – see how things actually operate rather than relying solely on reports and numbers.

✅ Connect with the team – interact directly with the people responsible for the day-to-day operations.

✅ Identify opportunities – being on-site often highlights opportunities, challenges and inefficiencies that may not be obvious from the financials.

✅ Communicate better – face-to-face conversations make it easier to ask questions, share ideas and work through issues.

✅ Develop practical solutions – advice is more effective when it is tailored to how the business actually operates.

✅ Build stronger relationships – working alongside clients creates greater trust, understanding and collaboration.

✅ Focus on outcomes – the goal isn’t simply to provide advice; it’s to work together to implement strategies that achieve better results.

For me, great accounting and business advisory is about more than numbers.

It’s about understanding the business, understanding the people behind it, and working closely together to achieve the best possible outcomes.

Sometimes the best place to understand a business isn’t from behind a desk—it’s right there alongside the client.

💼 Employee vs Working Under an ABN — It’s More Than Just Getting Paid More

Many people move from employment to working under an ABN expecting a higher hourly rate means more money in their pocket.

But running a business comes with additional responsibilities, costs and time commitments that are often overlooked.

When you are an employee:
✅ Your employer manages payroll
✅ Tax is withheld from your wages
✅ Superannuation is generally paid for you
✅ Business expenses and administration are handled by the business

When you operate under an ABN, you become responsible for the business side of things:

📌 Bookkeeping — recording all income, expenses, GST and financial transactions
📌 Financial reporting — understanding your profit, cash flow and financial position
📌 Tax compliance — preparing and lodging activity statements, income tax returns, and other obligations
📌 Managing cash flow — understanding the difference between gross income received and the actual cash available after expenses, tax and commitments

That $150 per hour you invoice is not the same as $150 per hour you receive personally.

Successful business owners understand that their income needs to cover:
✔ Business expenses
✔ Accounting and software costs
✔ Insurance and registrations
✔ Superannuation
✔ Tax obligations
✔ Time spent managing the business

At SerRico Accounting, we help new business owners build the right foundations from day one.

We assist with:
✅ Choosing the right business structure
✅ Setting up Xero and bookkeeping systems
✅ Creating processes to understand your numbers
✅ Tax planning and compliance
✅ Ongoing support to make better business decisions

Our New Business Package is designed to provide guidance and support from the start, including regular monthly meetings to review your financials, answer questions and help you stay on track.

Don’t just start a business — build one with the right foundations.

📅 Book a time to discuss how we can help:
https://calendly.com/daniel-serrico/intromeeting