Allworths

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 […]
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 […]
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 […]