Allworths

October 31, 2023

The Age Pension Thresholds Have Changed Since 1 July 2023…

One of the most common questions from those entering or nearing retirement is, ‘How much money can I have before it affects my pension?’ Our answer […]
October 31, 2023

What Is A Transition To Retirement Pension?

Not quite ready to take the plunge into full retirement, but ready to make a start?    Transitioning into the retirement phase of your life means […]
October 31, 2023

Catching Up On Carry-Forward Contributions

Is it time to play catch up with your super contributions?  Every financial year, the cap for concessional and non-concessional contributions is set at a specific […]
September 28, 2023

The Billion Dollar TikTok Scandal

$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators, and over 100 arrests to date. How did the […]
September 28, 2023

The case of the taxpayer who was paid too late

What a difference timing makes. A recent case before the Administrative Appeals Tribunal (AAT) is a reminder about the tax impact of the timing of employment […]
September 28, 2023

Legislating the ‘objective’ of super

The proposed objective of superannuation, provided in recently released draft legislation, is: ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in […]
September 28, 2023

The shape of Australia’s future

What will the Australian community look like in 40 years? We look at the key takeaways from the Intergenerational Report. The 2023 Intergenerational Report (IGR) is […]
August 30, 2023

Succession: What does it take to hand your business to the next generation?

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your […]
August 30, 2023

Thinking of subdividing? Consider the tax implications and pitfalls of small-scale subdivisions

You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, […]
August 30, 2023

Why is my tax refund so small?

The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent […]
July 27, 2023

The $20k technology investment boost

The Technology Investment Boost provides SMEs with a bonus deduction for expenses and depreciating assets for digital operations or digitising from 7:30pm (AEST) on 29 March […]
July 27, 2023

The 120% technology and skills ‘boost’ deduction

The 120% skills and training deduction for small and medium business has passed Parliament. We’ll show you how to maximise your deductions. Almost a year after […]
July 27, 2023

1 July wage increases and other changes

For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft.” Beyond the reputational issues of getting it wrong, the Fair Work Commission […]
June 28, 2023

Tax savings for the taking

Here are some personal tax deductions that should be on your radar as we start working on your FY2022-23 tax returns There are some simple things […]
June 28, 2023

Be careful with last-minute ‘business’ purchases

For a few years now, very generous provisions have been in place that allow businesses to claim the cost of assets used in the business in […]
June 28, 2023

Super savings and strategies

Tax deductions for topping up super You can make up to $27,500 in concessional contributions each year assuming your super balance has not reached its limit. […]
June 28, 2023

We’re switching from DocuSign to FuseSign

Welcome to FuseSign We have recently decided to move our electronic signing platform from DocuSign to FuseSign. One of our highest priorities is getting documentation out […]
May 30, 2023

ATO Rental Property Blitz

The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous […]
September 28, 2021

A glimpse into the world of livestock sales

By David Costigan, Senior Accountant A number of our farming clients operate cattle and merino sheep studs. For those not familiar with agriculture, studs are farms […]
September 28, 2021

Networking like a pro

By David Downie, Partner I recently joined the Sydney Hills Business Chamber in an effort to develop closer connections with the local community where I live. […]
August 30, 2021

NSW Government COVID relief measures

By David Downie, Partner We are now into the third month of our COVID lockdown in Sydney, with no end date as yet set. The financial […]
August 30, 2021

A beginner’s guide to investing [Part 1]

By Mark Copsey, Director at Allworths Wealth Management   People are investing more, and from a younger age, which is great to see. The ASX Australian […]
August 29, 2021

Keeping business personal during lockdown

Guest post by Charlotte Nairn   For our small business owner friends out there, we wanted to share some innovative marketing ideas we’ve been looking at […]
August 29, 2021

Keeping busy at home with Allworths

As lockdown stretches on our team have come together to share some of our favourite ways to stay happy, healthy and occupied during this time. We’ve […]
July 29, 2021

The Allworths Guide to Doing Business in Australia

By David Downie, Partner For our newsletter readers: we know most of you are based here in Australia but thought this may be of interest to […]
July 29, 2021

2021 Small Business Survival Guide

With the latest round of lockdowns in Australia, many businesses around the country are feeling the continued effects of COVID-19. Many have again been impacted profoundly […]
July 29, 2021

Is there money in trading away pollution?

By Mark Copsey, Partner As the business newspapers like to remind us every few days, the world is “decarbonising”. Some of the largest economies are introducing […]