Blog

You are here now : Allworths Chartered Accountants > Blog

Recent tax changes for property owners and investors

2017 November 23 by

Budget blows for residential property investors become law   The 2016/17 Federal Budget included measures intended to address housing affordability. Strangely two of these measures attempt to do so by making the cost of housing more expensive by denying owners of residential rental properties deductions for travel to inspect their property, and denying depreciation deductions […]

no comments

Read More

Some tax considerations before hosting your brilliant Christmas party this year

2017 November 23 by

The festive season is upon us and many of our clients will soon be hosting Christmas parties. As we plan for our own, we thought it would be timely to look at the tax consequences of staff parties and entertaining clients.     Christmas Party If you’re planning on holding a party at your premises […]

no comments

Read More

Getting started with Estate Planning: a practical approach

2017 November 23 by

In this, the third article in our 3-part series on estate planning, we look at some practical tips on where to start. The previous two articles have only scratched the surface of this highly complex area and, once again, it is essential you speak to your accountant and engage a suitably qualified estate planning lawyer. […]

no comments

Read More

Superannuation, Death and Special Disability Trusts

2017 October 22 by

Superannuation A common misconception is that a deceased member’s superannuation benefits automatically form part of their estate, which is transferred under their Will. A deceased individual’s superannuation benefits can only be paid to his or her dependants or their estate. If neither of these exist, then another person may receive the benefits. In superannuation legislation, […]

no comments

Read More

Reigniting inner passion: keeping your business passion alive

2017 September 17 by

Keeping your business passion alive With thanks to our guest contributor: Jo Hanlon of  Mind Your Ps, our go-to HR experts   You may have inherited a business, started one, bought or fallen into one by chance. Regardless of whether you’re the CEO, or serving coffee to your regular customers, one thing is for sure, most of you […]

no comments

Read More

The Elephant In The Room: Is Your Will Up To Date?

2017 September 17 by

Estate Planning Mark Copsey – Partner I’ve found one simple question causes relief and yet so much stress at the same time with clients: is your will up to date? Possibly the most overlooked issue in managing personal financial affairs is that of Estate Planning. Whilst clients are desperate to talk about it, it usually […]

no comments

Read More

How and when to engage people (part 2) – guest author Jo Hanlon

2017 August 17 by

Eeny, meeny, miny, moe: getting that job done how and when you need it (part 2) With thanks to our guest contributor: Jo Hanlon of  Mind Your Ps, our go-to HR experts   Outsourced workers or labour hire resources – one off or repeat service provision Outsourced workers are those who are generally employed by another employer and […]

no comments

Read More

How and when to engage people (part 1) – guest author Jo Hanlon

2017 August 17 by

Eeny, meeny, miny, moe: getting that job done how and when you need it (part 1) With thanks to our guest contributor: Jo Hanlon of  Mind Your Ps, our go-to HR experts   Many business owners or managers are put off from engaging people to do work for them because they still think they have to employ someone […]

no comments

Read More

News wrap-up: taxing trusts as companies; new tax rules from July 1

2017 August 16 by

New rules in force from 1 July 2017   From 1 July 2017, there has been an effective reduction in the top marginal rate of tax for those with taxable incomes over $180,000, from 49% to 47%, with the removal of the 2% Temporary Budget Repair Levy. The 27.5% tax rate for companies carrying on […]

no comments

Read More

Our New Financial Year Resolutions

2017 July 20 by

The new financial year is well and truly here. Bleary-eyed accountants everywhere have emerged from their cubicles to a sunny Sydney winter. It’s a great time to think about what the year ahead will bring. Although new year resolutions are usually made around January, and usually focus on kale consumption or yoga attendance, we’ve taken this […]

no comments

Read More