Super Guarantee Rate Rises in July to 10.5%
The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years now, to increase the…
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The ATO is on the warpath with Family Trusts
Summary If you are involved in a discretionary trust (commonly known as a family trust), then you need to know that the ATO are on…
Xmas gifts for you and your customers
Christmas is nearly here, and it’s a great time to let your customers and team members know how much you appreciate them. But this has…
How are cryptocurrency transactions taxed in Australia?
Whether you’re currently involved in a cryptocurrency like bitcoin, or considering buying a cryptocurrency, it’s vital to explore the tax implications. While these will vary…
What is the Government Super Co-Contribution?
How would you like up to $500 tax-free paid into your super fund by the Government. To help you save for retirement, the Government has…
New Stapled Superannuation Rules
Superannuation stapling’ is a new measure that was introduced as part of a package of reforms to the superannuation system announced in the 2020/21 Federal…
Understanding the Basics of Capital Gains Tax
A capital gain (or loss) occurs when an asset is sold. The difference between the purchase price and the sale price is the gain or…
Why “Cash is King” for business survival.
When it comes to the financial management of any business, it’s often said that Cash Is King! Whether your business is growing or struggling, managing your…
Is your business focused enough on cyber security?
We live in a digital world where our company’s data and (crucially) our customers’ data is under constant attack. Hackers are always looking for new…
Can you afford to be the bank of Mum and Dad?
Once again, the Bank of Mum and Dad is making headlines. As property prices enjoy a post-pandemic resurgence, an increasing number of first home buyers…
Streamline your business administration with digital record keeping
Do you want to move towards efficient and sustainable digital business administration? We can help you set up digital business systems. #businessadmin
7 financial habits to help make you smarter with your money
Habits that might help increase your financial smarts. Being smart with your money is about knowing yourself and your strengths and weaknesses, and then setting…
Payroll Updates – Minimum Wage, Super Increase and STP Finalisation Date
Want to achieve your true potential as a business owner? Business coaching helps you review, analyse and enhance your business strategy, while providing a highly…
Should I focus on profits or cashflow?
Want to achieve your true potential as a business owner? Business coaching helps you review, analyse and enhance your business strategy, while providing a highly…
Super for beginners: How superannuation is taxed
Want to achieve your true potential as a business owner? Business coaching helps you review, analyse and enhance your business strategy, while providing a highly…
How to boost your tax refund by contributing more to super before the end of this financial year.
If you have any questions, do not hesitate to get in touch with one of our experienced and knowledgeable accountants to assist you with your…
Super contribution caps will increase from 1 July 2021
If you have any questions, do not hesitate to get in touch with one of our experienced and knowledgeable accountants to assist you with your…
The CGT implications of subdividing and building on the family property
Building residential units on available land where the family home is, or once was, is not an uncommon occurrence in Australia these days, especially with…
Lower company tax rates
If you’re uncertain as to whether your business might be a base rate entity, then we do encourage you to get in touch with us…
Do you pay capital gains tax on a deceased estate?
The transfer of property when a person dies can be difficult, doubly so when you throw tax into the mix.
3 best practices to pump up your cash flow
For small companies, it can be a constant struggle to have available cash to keep the business running. And as a business owner, you want…
3 accounting tips for an easy tax compliance
A huge amount of work normally goes into managing a small company, and business owners are usually tasked with managing everything all at once. From…
Things to know when claiming deductions for car expenses
As a car owner, it is significant to become aware that your car expenses can be tax-deductible if you fulfil the eligibility criteria set by…
New business survival tips for companies in 2021
The pandemic that started in 2020, stormed many businesses and forced some companies to close down. According to statistical data from Yelp, “permanent business closures…
How to manage your New Year budget in 3 simple steps
Every successful financial strategy always begins with a substantial budget. While adequate preparation is crucial to business success, handling and planning your finances ensures that…
Strategic ways to improve business cash flow
There are so many businesses that have been blindsided by unfavourable cash flow shifts that are foreseeable, if only they took the time to perform…
The key elements toward growing a successful business
Growing a business isn’t as easy as it may sound.
Working from home due to COVID-19?
There is now a new method you can use to calculate your work from home expenses.
Single Touch Payroll will change the way you report your tax and super
What is Single Touch Payroll Single Touch Payroll (STP) is a new way for employers to report tax and super information to the ATO. It…
How to Save on Small Business Taxes
Organising expenses receipts can save you money on business income taxes. Sounds too simple, but the truth is most people are not very organised when…
Spring Clean your Business (in Autumn!)
You have been meaning to get your business systems in order, but you’ve been too busy. These financial clean-up tasks will benefit your business, any…
How More Sales Can Cause Cashflow Problems
A big boost in sales seems like a dream come true, but there can be a cash-flow sting in the tail. Here’s how to manage…
Our Unique 5 Step Process for Business Owners
Discover how why our unique 5 step process is important and how it can help you and your business succeed. Step What You Get Why…
Smart Super Strategies: Getting Started
Superannuation can be one of the most effective ways to build you retirement nest egg. There are a range of strategies you can consider to…
Turnover under $2m? Heard about the $20K asset deduction?
Are you making a profit? If your business isn’t making a profit, you will have a much smaller benefit because you aren’t currently paying tax.…
Creating Work-life Balance as a Business Owner
Business owners are known to have busy schedules, with many different and often conflicting responsibilities, and a steady flow of important decisions to make. To…
Claiming website development costs
If you pay for a website for your business, here are some things to remember about claiming the costs. If you spend the money: before…