Dandenong Accounting Firms
Join 1000's of Authors at StreetArticles Today!

For such a small South Eastern suburb 30kms out from the city center of Melbourne, Australia and of under fifteen thousand residents, there are an awful amount of accounting firms. The old saying, "other than life itself, there are no surer things than death and taxes. Dandenong is testament to this. The City of Greater Dandenong has a rich and diverse history. This is reflected in historical sites that show the changing face of our city, and in the valuable contributions made by Indigenous Australians and people from all over the world who came to make their home here.

The Australian government is making life a little harder for accountants and tax agents. New regulations for individuals that are purely PAYGW employees they no longer need to lodge their annual income tax returns through a registered tax agent. If, for example, you have one wage, no rental properties, basic tax deductions and not involved in a Trust or Company, lodge through E-Tax. The government believes that this new ruling will save the average Australian tax payer money and time each tax year. Pensioners who have minimum tax return activity will benefit mostly. But what about the other side of the equations? The accountants and tax agents who's livelihood depends on business.

The suburb of Dandenong is full of accountants, lawyers and conveyances. Every street from Clow street to Robinson street up until Princes Highway. I spoke with one Dandenong accounting firm representative, Harry Le Gan from MC & S Pty Ltd and asked the question, how can so many firms stay profitable? "I can only speak for our client base, but MC & S Pty Ltd's clients are from all industries, from all over Australia. Not just in Dandenong or surrounding suburbs. I think if all Dandenong tax agents fought for the handful of Dandenong clients, majority of us would be out of business." "So the reason we have been successful for so long is finding a clientele outside our locality. Not having all our eggs in the one basket per se."

Dandenong has been set up as a second financial hub. A mini CBD for the south eastern suburbs. People who live in the outer suburbs of the South East cannot travel into the city for work. They need a closer financial hub, to improve their work - life - balance. The City of Greater Dandenong have invested heavily in cleanly up the streets. Making the streets more "friendly" in anticipation of more business. Let hope this continues, for accounting firms Dandenong. One would hope, money hasn't been wasted for no reason.


Street Talk

No comments present
You May Also Like
Get the Best Accounting Services From Qualified Professionals
In this present day and age, accounting is an imperative feature of every business. It has become the most important aspect of the business because it helps in preparing and managing the financial records of the company. If a business person wants to operate the business smoothly then it is…
By: DavidMai in  Finance  >  Taxes Income   Mar 31, 2016  
0
  Likes: 0

Filing An Income Tax Return In Montreal
The vast majority of the people who earn sufficiently well are mostly required to give a portion of it back to the government through the typical method for filling out a pay tax return. They then send the necessary portion of their salary to the government. However, it is vital…
By: Andy Dean in  Finance  >  Taxes Income   Mar 17, 2016  
0
  Likes: 0

The Demand & Importance Of Bookkeepers And Accountants For Businesses In Vancouver, BC
There is a need in life to always be up to date in everything you do, it could be being up to date with the latest trend in fashion, in business, and even in the way you do things in general. But of all, it is most needed in the…
By: pduffy638 in  Finance  >  Taxes Income   Jul 22, 2015  
0
  Likes: 0

Roll Overs In Frisco TX Let You Move Your Money Tax Free
roll overs frisco txGetting your hands on the money you have earned is not always easy. For example, if you are ready to retire and take the funds you have been acquiring in your 401K or IRA, you could be in for a hefty tax rate. In addition to federal…
By: Stephen Cheung in  Finance  >  Taxes Income   Jul 07, 2015  
0
  Likes: 0

Why Does Every Business Need Reliable Tax Services?
Tax payment is one of the most important aspects of keeping your business running. In Every business as a civic responsibility you are supposed to pay some form of the taxes, especially the sales taxes or the income taxes. Not only the income taxes, but the citizens of every country…
By: Nathaniel Hilson in  Finance  >  Taxes Income   Nov 18, 2014  
0
  Likes: 0

Forex Trading Indicators - The Keys to Finding Forex Success
Forex traders are always on the lookout for the perfect moment to enter and make a move on the markets. They seek out tell-tale signs that scream buy this or sell that. As with many other trade markets, there is no one way to exchange currency, which is why it…
By: Ondrej Machacek in  Finance  >  Taxes Income   Aug 12, 2015  
0
  Likes: 0

Benefits Of Using Real Time Economic Calendar
An economic calendar is a handy tool for traders and shareholders, as well as the media. These individuals and entities are reliant on financial calendars when it comes to tracking and monitoring the important events related to the economy. Most of the time, they use real-time or weekly calendars to…
By: Ondrej Machacek in  Finance  >  Taxes Income   Sep 29, 2015  
0
  Likes: 0

Taxable Income In Singapore: What is And What is Not?
Taxes are an inescapable obligation in most countries – including Singapore. In the meantime, we’ve briefly summarised in this article an overview of taxable and non-taxable income in Singapore to provide a little background. What is Taxable Income? Income that is subject to tax in Singapore includes profits from a…
By: chris pawn in  Finance  >  Taxes Income   Sep 14, 2015  
0
  Likes: 1

Article Views: 860    Report this Article