Nigel Hazell Accountant

Financial success should be balanced with giving back.

Help contribute to society by volunteering time, donating to charitable organisations, or participating in community-driven initiatives to strengthen the social fabric.

Seeing Eye Dogs Australia, Mission Australia, Heroic Hearts Project Australia and The Fred Hollows Foundation all have great Instagram pages to check out.

A donation as small as $2 can help change a life.

Cash flow is more important than profit

Donations over $2 are tax deductibe.
Help feed and house the homeless by donating to MIssion Australia.
Help give sight to people around the world by donating to the Fred Hollows Foundation.
Help animals by donating to the RSPCA.

George Sourrys @ GSMB: for home loans/mortgage re-finances - mention my name for better rates;)

A Melbourne man has been jailed for defrauding and attempting to defraud the Australian Taxation Office (ATO) of more than $250,000 via fraudulent business activity statements.

An AFP investigation into the fraud activity began after the man, now aged 29, received GST refunds after lodging fraudulent business activity statements for ‘handyman services’ over a six-month period. The man also attempted to claim an additional $73,569 in GST refunds.

In addition to a maximum 18 months’ imprisonment, the man was ordered to pay $176,365 to the ATO.

Every dollar fraudulently obtained through GST refunds is at the expense of the Australian community. The AFP works diligently with our partners to combat financial crimes and identify and prosecute anyone who seeks to deliberately cheat the taxation system.

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How Profit Works

SALES - EXPENSES = NET INCOME (PROFIT)

➡ Operating Revenue: sales from your main business.
➡ Non-Operating Revenue: income from other sources (like interest or investment gains).
➡ Operating Expenses: costs directly tied to your business (wages, rent, raw materials).
➡ Non-Operating Expenses: payments not related to your main operations (like interest payments).
➡ Taxes: income taxes due to the government.

Net Income is what’s left after subtracting all expenses from your total revenue.

✅ Measures financial performance
✅ Shows profitability and financial health
✅ Helps you make smarter business decisions
✅ Demonstrates your ability to generate profits

https://whatsapp.com/channel/0029VbAOaAxJkK721oCCFh13/174

Accountant available

Taxation and Accounting services tailor made for you.

Thanks to all my past and existing clients for all your support.

- Nigel