Tax
Your accountant can be used as a mentor for a new business
5 December
Starting a business can be a tricky time, with so many systems to put in place and so little room for error. One of the best ways to get ahead of the curve is to develop a working relationship with a professional mentor, someone who has been through...[Read More]
‘Surprise’ budget windfalls drying up, economists warn
28 November
Australia is waving goodbye to budget surpluses and returning abruptly to deficit, facing a $49 billion deterioration in the bottom line as per forecasts from leading economists. The $15.8 billion surplus logged in the last financial year to...[Read More]
Supply the key to fixing housing, not taxes: Treasury
7 November
Treasury does not believe removing tax concessions for property investors would shift the dial for housing affordability, despite being asked to investigate the impact of the tax changes by the government. The department’s secretary, Steven...[Read More]
Some tips to help grow your superannuation
31 October
Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put...[Read More]
Stage three tax cut spending spree yet to surface
17 October
Tax cuts don’t appear to be fuelling shopping sprees, with transaction data suggesting extra take-home pay is going towards staples and paying down debt. Footy finals were the only bright spot in an otherwise glum September for spending, with...[Read More]
Universal childcare could mean higher taxes: Dutton
25 September
Early childhood education advocates back key recommendations aimed at improving accessibility for low-income families, but the coalition has warned of surging taxes for Australians. A Productivity Commission report, released on Wednesday, urged...[Read More]
Tax cuts put away for rainy day as spending spree ends
4 September
Spending was flat last month, with tax cuts yet to materially improve retailer fortunes as many chose to stash extra cash away. The flat July outcome was below the 0.3 per cent growth consensus forecast and followed two months of upbeat...[Read More]
Rich getting richer amid calls to narrow wealth divide
15 August
Ordinary Australians struggle to make ends meet while the richest enjoy billions in untaxed capital gains, a new report claims. The wealth of Australia’s richest 200 people almost tripled as a proportion of national gross domestic product over the...[Read More]
The instant asset write-off is now law – Find out if your business is eligible for the $20,000 instant asset write-off.
8 August
Have you purchased or upgraded a business asset? If your business has an aggregated annual turnover of less than $10 million, you may be able to deduct the full cost of eligible assets which cost less than $20,000, under the instant asset...[Read More]
Navigating ownership changes: A comprehensive guide for business owners
11 July
Changing a business’s ownership structure can be a complex process, often necessitated by various circumstances, such as partnership disputes, divorce, retirement, or the sale of the business. Regardless of the reason, it’s crucial to...[Read More]
Some useful tips to grow your superannuation
27 June
Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put...[Read More]
Reasons to hire a bookkeeper
6 June
Did you ever hire a bookkeeper to help you keep track of your expenses and tax obligations? If not, find out why now may be the best time to do so. Bookkeeping is an essential component of any organisation. To focus on other tasks, such as...[Read More]
Top 10 tips for developing a business exit strategy: Business Succession and Estate Planning
30 May
Given all the hard work that building up a business takes, it can be hard to say goodbye – so it’s important to do it right. Developing an exit strategy well in advance allows you to have control over your small business’s future while...[Read More]
Maximising tax savings: Top 10 End of Financial Year tips and the value of professional advice
23 May
The end of the financial year (EOFY) is a critical period for individuals and businesses alike. Proper planning and organisation can lead to significant tax savings and ensure compliance with tax laws. Here are ten essential EOFY tax tips and...[Read More]
Steps to building an emergency fund & why do you need one
25 April
Life is unpredictable, and financial surprises can arise when you least expect them. This is where an emergency fund comes in. This financial safety net is designed to cover unexpected expenses, like car repairs or medical bills, or provide support...[Read More]