Introducing Leonard Jiang - Our newest Tax Man!
Posted 26 Oct '16
Posted 26 Oct '16
Leonard became the newest member of The Empire team in July, right before we moved to our new premises.
Leonard is an EXCELLENT accountant that probably knows even a smidge more than Beth and Luke (you didn’t hear that here). However at Empire Accountants we don’t hire on skill set alone and it was L-Dawgs big personality that made him the best fit for Team Empire and our work culture.
So without further adieu, here is a little more on Leonard Jiang
Hi Leonard, tell us a bit about yourself!
By day, I’m a Ninja Accountant of Tax and Awesomeness – “someone who solves a problem you didn’t know you had, in a way you don’t understand” Also known as ‘Wizard’ or ‘Magician’. And by night, I’m a fitness junkie seeking new ways to push my body to the limit, and foodie looking for new cuisine experiences.
How long have you been an accountant and what are your specialities?
I’ve been a tax accountant for about 6 years now and during this time I have the unique pleasure of working with and advising in various industries and different sized business. But my specialties include foreign taxation, professional and medical services, and business structuring to achieve optimal asset protection, tax minimisation and succession flexibility. So if you ever need some structure in your life, I’m your man!
What do you enjoy most about working with small business owners?
What I enjoy most is being able to share in their successes; whether it is something as large as going through a merger or something little like putting them in touch with their numbers. At the end of the day, I think it is quite rewarding to see these small business owners turn a spark from something they are passionate about into something we can commercialise and share with other people. When you are around people who love what they do, you just can’t help but be inspired.
Who do you like best out of Beth or Luke? Why? (detail required)
That’s a tough one, each have their own quirks and strengths. Beth is quite commercially sound and is a great presenter ~ the show boat, whilst Luke is calm and collected and is technically competent ~ the super man. But my final choice ….. ONLY GOD KNOWS!
What’s the best piece of advice you can give to someone wanting to start a business in Brisbane?
Hate to be a cliché accountant but KNOW YOUR NUMBERS and GET THE RIGHT BUSINESS STRUCTURE IN PLACE!
You don’t want to find out that your idea was never viable to begin with especially after you have started, and if this is the case, make sure you have an escape route to cut your losses. I don’t want to see your name in the personal insolvency register!
Book a consultation with Leonard today: 07 3124 0244
With the end of temporary full expenses, it is important to be aware of the updated rules for asset depreciation and the benefits of the instant asset write-off (IAWO) scheme. This breakdown of changes and guide will help you understand these changes and how they might affect you and your business.
It’s important to keep in mind that the Australian Taxation Office (ATO) has become more strict on these deductions, so it's crucial to understand the rules and keep accurate records. This guide is here to help you, understand what is required when you claim home office expenses on your tax returns. By following these tips, you can maximise your tax return and stay compliant with tax regulations!
As June 30th rapidly approaches, it's important to consider strategies that can help you minimise your tax liability for 2024. Whether you're a chippie, doctor, engineer, sales rep or architect, considering some of these tips below and whether they apply to your circumstances may save you paying more in tax than necessary.