Allworths

April 14, 2025

The Instant Asset Write-Off: A Small Business Tax Perk Worth Knowing About

If you’re running a small business in Australia, you’ve probably heard the term “instant asset write-off” tossed around—especially come tax time, and more recently in the […]
April 7, 2025

7 Red Flags In A Business That Could Jeopardise Its Success

Running a business comes with its fair share of challenges, but some warning signs indicate deeper problems that could jeopardise its long-term success.  Whether you’re an […]
March 24, 2025

Claiming Expenses Incurred As A Result Of Natural Disasters: Rental Property Owners Beware!

Natural disasters can cause significant damage to rental properties and business premises, leading to costly repairs and financial uncertainty.  If you own a rental property or […]
March 17, 2025

Sustainable Business Practices – A Key Focus For Owners

Sustainability has become a key focus for businesses across all industries.  Companies are increasingly recognising that sustainable business practices not only help the environment but also […]
March 10, 2025

Understanding Division 293 Tax: What High-Income Earners Need to Know

Division 293 tax is an additional tax on concessional superannuation contributions for high-income earners in Australia.  It is applied at a rate of 15% on certain […]
March 3, 2025

FBT Preparation (What You Need To Do Before 31 March)

As 31 March approaches, businesses need to prepare for their Fringe Benefits Tax (FBT) obligations to ensure compliance with the Australian Taxation Office (ATO).  The FBT […]
February 24, 2025

What Are Reportable Employer Super Contributions?

When it comes to managing employee benefits, understanding reportable employer super contributions is essential.  These contributions impact your reporting obligations and your employees’ tax situations.  What […]
February 17, 2025

The Importance of Continuous Advice for Superannuation and SMSFs

Superannuation is one of the most significant investments many Australians will make. The stakes are even higher for those managing their retirement savings through a self-managed […]
February 10, 2025

LCT Compliance: How to Safeguard Your Business from Luxury Car Tax Errors

The Luxury Car Tax (LCT) is an Australian tax applied to vehicles exceeding specific value thresholds.  As of the 2024–25 financial year, LCT is levied at […]
February 3, 2025

Improving Day-to-Day Business Operations in the New Year

The start of a new year is the perfect time for businesses to reflect on their daily operations and identify areas for improvement.  Small, consistent changes […]
January 27, 2025

Checking in on Your Superannuation Halfway Through the Financial Year

The halfway point of the financial year is an excellent time to take stock of your superannuation.  With six months of income and contributions already in […]
January 25, 2025

Establishing Good Habits For Your Business With Your Accountant’s Help

As the new year begins, it’s the perfect time for business owners to reflect and reset.  An accountant’s advice? Building strong business habits in 2025 will […]
January 22, 2025

Why Does Size Matter (In A Business)?

Running a business comes with plenty of challenges and opportunities, and knowing where your business fits in the broader landscape can make a big difference.  In […]
January 20, 2025

Your Tax Obligations to Check in January 2025

The beginning of a new year is an excellent time to revisit your financial obligations, particularly your taxes. January sets the tone for the rest of […]
December 16, 2024

Cutting Costs Without Compromising Quality: A Guide for Small Businesses

Increasing cash flow while maintaining quality and avoiding overburdening employees is a challenge many small business owners face.  Streamlining expenses is an effective strategy that directly […]
December 12, 2024

Can Cancelling Your GST Registration Help You Avoid Charging GST on Asset Sales?

When you purchased your commercial property, you either paid GST on the purchase or claimed GST on the purchase price by registering for GST. If the […]
December 9, 2024

Why You Shouldn’t Dip Into Your SMSF for Christmas

The festive season is a time of joy and giving, but it can also bring financial stress.  With the added pressure of bills and buying presents, […]
December 2, 2024

Selling A Former Rental Property? Here’s How The CGT Works…

When you sell a rental property in Australia, you may be liable for Capital Gains Tax (CGT) if the property has increased in value.  Here’s a […]
January 31, 2023

This was written by AI

(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

Tax Planning or Planning for Tax?

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

What do the ‘Secure Jobs, Better Pay’ reforms mean?

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

Knowing where you’re headed: Your Business Plan

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

Tax planning: the sooner, the better

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

Scams and how to avoid them

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

Shuffling the decks: 2022-23 Budget 2.0

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

Lessons from a data breach

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

Stamp duty or an annual property tax for NSW first home buyers?

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 […]