Blog

Lady with magnifying glass – Australian tax fraud specialist

FRAUD

08 May, 2022

Main types of financial fraud that you should be aware of: Accounting: Employee manipulates the company’s accounts to cover up...

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Cairns accountant typing up a business plan for a client

FAILING TO PLAN

08 May, 2022

Most Businesses do not Plan to Fail.                                                         They just Fail to Plan.     Why is business planning and...

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Passive income blog with couple camping in Australian outback

Passive Income

29 July, 2021

What exactly is “passive income”? It is income that you are receiving whilst you sleep! Typically consisting of interest, trust...

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People playing on Cairns basketball court

WHAT MATTERS TO YOU IN YOUR BUSINESS

15 June, 2021

- Better reliable and consistent revenue? - Better management of fixed and/or variable costs? - Better business and/or personal budgetting? -...

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Man talking to his accountant in Cairns about types of scams in Australia

SCAMS

03 February, 2021

SCAMS: From Foster Lee - Chartered Accountant/Tax Practitioner, Cairns: My research and experience over many years has taught me many,...

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Cairns tax agent providing business succession training

BUSINESS SUCCESSION PLANNING

14 September, 2020

BUSINESS SUCCESSION PLANNING:  From Foster Lee - Chartered Accountant/Tax Practitioner Cairns: A Business Succession Agreement (“BSA”) is a vital tool...

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Lady completing a Cairns loan application

CAIRNS LOAN APPLICATIONS

08 July, 2020

CAIRNS LOANS REQUIREMENTS CHECK-LIST OF BASIC DOCUMENTS TO BE SUPPLIED TO A LENDING INSTITUTION WHEN SEEKING A CAIRNS PERSONAL AND/OR BUSINESS...

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Lady with magnifying glass – Australian tax fraud specialist

CASH IS LIKE OXYGEN.....YOU NEED IT TO SURVIVE

28 June, 2020

From Foster Lee - Chartered Cairns Accountant / Cairns Tax Practitioner: I am becoming more and more concerned that there...

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Accountants in Cairns meeting to discuss importance of cash flow

CASH FLOW IS MUCH MORE VITAL THAN GROSS TURNOVER

22 March, 2020

I AM ASTONISHED, BEYOND BELIEF, TO CONTINUALLY READ THAT PROFESSIONAL TAX AND/OR FINANCIAL ADVISORS CONTINUALLY ADVISE THEIR CLIENTS HOW TO...

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Man in business suit fishing beside a river in Cairns

Creating a successful business and personal lifestyle

15 October, 2018

My 5 personal takes/views to creating a wonderfully successful business and personal lifestyle:- Success = Good operating cash flow +...

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Self-employed Cairns small business owner

So you want to be your own boss?

10 October, 2018

So, you want to be your own boss, do you? (My 20 point "safety net" issues to consider) (Major ones...

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Cairns investment property – street view

My 7 tips for getting the most from your Cairns investment properties

07 October, 2018

Top Tips for Investment Properties in Cairns 1. Keep your Cairns investment property in good condition at all times by...

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Cairns investment property – block of townhouses

Can you really afford an investment property?

05 October, 2018

Cairns Investment Property MY 7 POINTS TO CONSIDER 1. Do you have regular/consistent income to service the mortgage being considered? 2....

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Independent contractor in Cairns wearing a hard hat

Are you an independent contractor for tax purposes?

28 September, 2018

Independant Contractor Requirements   1. Have an Australian Business Number ("ABN") and/or own a business entity/name. 2. Work directly by...

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Couple paddling on the ocean under a Cairns sunset

5 Ways to Build & Protect Your Wealth

19 September, 2018

BECAUSE I CARE: I am horrified / astonished, almost on a daily basis, to see Cairns clients take so much time...

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Rope playground in local Cairns park

3 things I wish I had known before starting my Cairns business

16 August, 2017

3 things I wish I had known before starting my Cairns business: 1. Sought good professional Cairns accounting and business...

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Book Appointment Now Foster Lee – local Cairns accountant