Allworths
March 30, 2023
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can […]
February 27, 2023
By Cynthia Fei, Manager Many of us assume that tax planning is only necessary at the end of the year. It often stays on our to-do […]
February 27, 2023
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation […]
February 27, 2023
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts […]
January 31, 2023
(The only part of this post written by humans from Allworths are the prompts in bold) How should business owners start a new year? Business owners […]
January 31, 2023
By Mark Copsey, Partner When you think of Tax Planning you may think it’s only for large businesses or the ultra wealthy. However, if you reframe it […]
January 30, 2023
The Fair Work Legislation Amendment (Secure Jobs, Better Pay) Bill 2022 received royal assent on Tuesday 6 December 2022. The legislation is extensive and brings into […]
November 29, 2022
By David Downie, Partner In a previous post, we started looking at how to develop your own personal Clarity Plan. For many, December and January will be […]
November 28, 2022
By Mark Copsey, Partner As we head into the festive season, it’s easy to lose sight of things – like tax planning – that could either […]
November 27, 2022
The “Hi Mum” scam (where you receive a text message that starts with e.g., “Hi Mum, I have broken my phone and I am using this […]
October 30, 2022
There is nothing in this Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are […]
October 29, 2022
The Optus data breach is top of mind for a lot of Australians, particularly those who have had their data stolen. For business, the breach is […]
October 29, 2022
First home buyers purchasing property in NSW of up to $1.5m will have a choice of paying stamp duty or an annual property tax from 16 […]
October 29, 2022
The value of cryptocurrency assets inside Australian self managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between June 2019 and June 2022, according to the latest […]
September 29, 2022
The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium business. An election ago, the 2022-23 Budget proposed a 120% […]
September 29, 2022
Clients with self managed superannuation funds (SMSFs) often ask what assets the SMSF can acquire. Why? The golden rule for acquiring assets inside your SMSF is […]
September 29, 2022
When it comes to selling a business, there are two key components at play: structuring the transaction; and positioning the business to the market. Both elements […]
September 28, 2022
By David Downie, Partner What do you want from your business? What do you want from your investments? What do you want from your job or profession? […]
July 29, 2021
By Marc Mamaclay, Accountant Cash flow management is a careful balancing act with many nuances, and the particular challenges can vary greatly business to business. Small […]
June 29, 2021
By Mark Copsey, Partner In part three of my series on the Crypto world, we explore Non-Fungible Tokens (NFTs), which have gained notoriety since the artist […]
June 29, 2021
By David Downie, Partner at Allworths It’s the beginning of the new financial year and we’re looking forward to getting our new FY resolutions up and […]
June 29, 2021
By Cynthia Fei, Senior Accountant We all know that the super guarantee rate will increase to 10% from this July. For many employees like myself, on […]
May 30, 2021
As 30 June is just around the corner, here’s a quick reminder of things to think about in your year-end tax planning. For individuals and investors […]
May 30, 2021
The great Australian dream has felt unachievable for many younger Australians for a long time. Median house prices have exceeded $1 million in many Sydney suburbs. […]
May 30, 2021
Blockchain: more than just cryptocurrencies Last month, we touched on the potential of Bitcoin, the cryptocurrency whose meteoric rise (and decline) has gripped the investment world […]
May 12, 2021
On Tuesday night the Australian Government delivered the 2021-2022 Federal Budget. It was widely anticipated to be a high spending budget, with little of the fiscal […]
April 29, 2021
By Colleen Hosking FCA Allworths Assurance & Advisory was last month named Best Auditing Firm (<$30M revenue) in the 2021 Client Choice Awards. It has been […]