Allworths

November 24, 2024

How To Build A Strong Company Culture For Employees That Works For Employers

Building a company culture that serves employees and aligns with business goals is both essential and achievable. A balanced culture fosters high employee satisfaction and supports […]
November 18, 2024

The Pros and Cons of Insurance within Superannuation

Insurance within superannuation is a valuable option that many Australians use to help protect their financial security. While there are clear benefits, it’s important to consider […]
November 11, 2024

Determining Your Tax Residency – A Guide For Overseas Australians

Many Australians dream of moving overseas for a short-term adventure or a permanent lifestyle change. For some, the move is meticulously planned; for others, it’s a […]
November 4, 2024

Business Income – What Counts?

The concept of business income has expanded far beyond traditional brick-and-mortar shops.  Whether you run a digital store, offer services through an app, or even sell […]
October 28, 2024

Using Super For Medical Costs: Is It Worth It?

Over the past five years, more than 150,000 Australians have dipped into their retirement savings early to cover medical expenses, raising concerns about the financial impact […]
October 21, 2024

Claiming Immediate Deductions for Depreciating Assets: A Guide for Employees

When it comes to work-related expenses, the Australian Taxation Office (ATO) allows employees to claim immediate deductions for depreciating assets that cost $300 or less.  While […]
October 14, 2024

What Is Business Liability & How Can You Protect It?

Running a business in Australia comes with many responsibilities, and one of the most important aspects is understanding your liability.  Business liability refers to the legal […]
October 7, 2024

Understanding the Risks Associated with Superannuation

Superannuation is one of the best ways to save for retirement, but it’s not without its risks—especially if you’re between 40 and 60 and starting to […]
September 30, 2024

Vehicle-Related FBT – How To Manage What You’re Providing

As an employer, when you provide vehicles like sedans, station wagons, or passenger vans for your employees’ private use, you might be offering a car fringe […]
September 23, 2024

Side Hustle Culture: Having Your Own Business On The Side

Starting a side hustle has become increasingly popular in Australia as more people seek additional income streams, personal fulfilment, or a way to test business ideas […]
September 16, 2024

Superannuation, The Self-Employed & Contractors

If you’re a contractor, freelancer, or self-employed, you’re probably already juggling multiple responsibilities, from managing clients to keeping track of your income. One area that often […]
September 9, 2024

Understanding Closely-Held Employees & Small Business STP Reporting

Small businesses, especially family-run ones, require careful attention to payroll for closely held employees, such as family members, directors, and shareholders. The Australian Tax Office (ATO) […]
September 2, 2024

The Key Responsibilities Of Running A Business (And How An Accountant Can Help)

Running a small business is an exciting and rewarding endeavour but comes with a fair share of responsibilities. Among the most important are the financial obligations […]
August 27, 2024

What You Need to Know About the New ‘Right to Disconnect’ Laws

If you are feeling overwhelmed by the constant demands of work emails, calls, and messages, you are not alone. Many employees struggle to balance their work […]
August 26, 2024

Getting The Most Out Of Your Nest-Egg With Some Super Secrets

Superannuation is one of the most important tools you have for securing a comfortable retirement.  While most people are familiar with the basics—like making contributions and […]
August 19, 2024

The Tax-Free Threshold & Multiple Jobs

It’s important to know how the tax-free threshold works, especially if you’re earning income from more than one job.  Many people mistakenly claim the tax-free threshold […]
August 12, 2024

The Power of Product Diversification in Business: When It Works and When It Doesn’t

As a business owner, you’re always on the lookout for ways to grow and adapt in an ever-changing market.  One strategy that many businesses consider is […]
August 5, 2024

Superannuation for Young Professionals: Start Early, Retire Comfortably

As a young professional, planning for retirement is a distant priority. However, starting early with your superannuation contributions can significantly impact your financial future. Prioritising superannuation […]
October 29, 2022

Australian super funds gorge on cryptocurrency

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

120% deduction for skills training and technology costs

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

Acquiring collectibles in your SMSF

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

How to sell your business

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

Knowing where you’re headed: Your personal Clarity Plan

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? […]
August 29, 2022

How high will interest rates go?

The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the […]
August 29, 2022

FBT-free electric cars

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how. Electric vehicles (EVs) […]
August 29, 2022

It’s Not Easy Being Green

Climate change featured heavily during the election and now the Albanese Government is putting into place some of the promises it made. We look at the […]
July 28, 2022

Tax and the family home

Everyone knows you don’t pay tax on your family home when you sell it… right? We take a closer look at the main residence exemption that […]