Davie Mach is the founder of Box Advisory Services, a new-age accounting agency focused on solving everyday business problems. Davie has a passion for assisting small business owners and contractors with all aspects of their business.
Additionally, Davie has over 10 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team who are dedicated to offering proactive and outstanding service to our clients.
He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales.
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Of all the worthless videos I’ve watched this is absolutely positively the worst. It literally has everything I despise in a video. Congratulations. 💩
Any good accountant will tell you to stay under the radar, the last thing you want to do is to try to justify a LV bag deduction during an audit.
You can deduct the cost of a thing as long as you use it EXCLUSIVELY for work. Further, anything related to physical appearance is specifically not deductible even if you are a model. Don't deduct your lv bag.
Thanks for the video. Can we Airbnb an investment property that was bought through an SMSF?
Hi Davie, thank you for another informative video! Just a off topic question: I’m a new sole trader trying to get into e-commerce and working from home. Since I use internet for work purposes most of the time, should I switch my home internet debit from my personal account to my business account? I appreciate your advice. Keep up the good work! Best regards, Paul
Thanks Paul! yes, makes it easier for bookkeeping purposes as it comes out of the business account.
@@DavieMach Thanks a lot Davie! If everything goes well, I hope to become your client down the line :)
Hi mate, are you a Vietnamese Aussie?
Thank you
3:45
That's why CPA Australia is challenging more Licensed Accountants to switch to Forensic Accounting to aid the Australian Federal Police (AFP) in fighting financial crimes and enforce corporate governance and proper risk management.
All crooks! These persons didn't think through carefully before carrying out their intended criminal acts. Also, wondered why suspicions weren't raised by Auditors of the Big-4 and the in-house Financial Controller managing the company's corporate account(s) and finances.
Fbt is a speaker brand
"Yes" is "No" and "No" is "Yes." It makes perfect sense in Moonside.
Can you go through on what we can claim as an influencer.
great video! thanks!
Had an interview last week, asking for highly skilled labourer with own tools and a forklift license. $25 an hour.
Thank you
This is great as I have just started monetizing on KZread and I don't know if I need to start keeping a record but just to be safe I will use your method even though it's not a banking account. Thank you so much for this!
You have been soooooooo helpful!! I couldn't have done this without your video. Thank you so much!
Thank you for sharing the information
I would love to if you can share with me your my excel bookkeeping template
Good work mate!!!
Thank you so much for this 👍
25%??? Yikes. I’m happy paying 11% here in Canada.
Hi Davie, thank you for your video. I have two question, first is can I claim my university fees ? I was working as an SLSO beginning of 2023 , qualified to work as a primary teacher in NOV-2023 , I haven't finish my masters yet but working in the area. I assumed I can click " You could show that the self-education was leading to, or was likely to lead to, increased income from your work activities as an employee." Then my second question is, where can I claim my laptop and can I do full amount of does it have to be split in different years ? Thank you so much!
Thank you so much I followed this exactly and it has saved me so much time and stress, my bank account details hadn’t saved correctly, but easily fixed watching this. Thank you a million!!
Excellent! Thank you.
Very nice
Informative
If I get a travel allowance of $12,000 and that is taxed, what can I claim as travel expenses.
Thank you. An Australian channel that talks business. I can relate too. 😊
If A.I advance then your degree is worthless. A.I has taken over customer service and backroom stock jobs so what do you think will happen to your career if Manager, CEO, CFO decides that A.I is more profitable and productive and low cost compared to paying humans wage, taxes, medical and vacation and overtime hours? You will be fired just like Amazon done to all those employees. Don't depend on A.I if you value humans having a equal chance in the workforce.
@Davie Mach thanks heaps for this video. Please consider making another video on how we can begin fixing this issue e.g how to train more people into the workforce (hint hint the able bodied people that govt pays to live?????, if not that something else?), economics side of it etc. Thanks. Lot of housing demand now is 1 person who just needs 4 walls and a roof, people are paying to use small bits of land just to park their car on don't need 4 beds and 2 baths.
Hi amazing video! I have a question, if a 55 year old sole proprietor plans to sell their business (13 years old business), not purchased but started from scratch. Can he get the 500K exemption?
Thanks
What's the optimal strategy for someone with around $1000 or even less, to begin trading cryptocurrencies today?
You need a pro or very goodTrader. Someone like Stephany Reuben
Almost gave up due to constant losses, but Steph turned my luck around
I went from 10k to 148k with Steph. Thanks to that i paid off my debts
Leveraging market changes is a remarkable talent Stephany has
how can i get ahold of her?
What's the optimal strategy for someone with around $1000 or even less, to begin trading cryptocurrencies today?
You need a pro or very goodTrader. Someone like Stephany Reuben
Almost gave up due to constant losses, but Steph turned my luck around
I went from 10k to 148k with Steph. Thanks to that i paid off my debts
Leveraging market changes is a remarkable talent Stephany has
how can i get ahold of her?
Thank you Davie for such information
Can you add beneficiaries in trust if more children in future
yes you can, but you can have a clause to have children of primary beneficiary so you dont need to update this in the future
Can you amend a trust deed in the future ?
yes you can
‘Tax free’ - unless the balance is over 3m 😢 Which despite being a rarity for most in 2024- with inflation will become ‘standard’ within a generation…
The really sad thing about those Lawyer reacts numbers is that Legal Eagle is probably the worst lawyer on youtube.
Australian tax system is criminal! taxation is theft!
Thanks bro Very nice video it solves my whole problem
All good and informative videos. Can you make an video sir on podium as you make on xero and quickbook.
You didn’t reply brother
Hi Can you please show how to do a PAYG tax return
now is 25% for a small company
can strippers claim make up and lingerie? lol
Is it possible just to have a trust protector as acting trustee?
You're a legend mate!