In an unusually proactive move for a large government institution, the ATO announced in August that it would be contacting 17,700 self-managed super fund “SMSF” trustees […]
By Colleen Hosking, Director at Allworths Assurance & Advisory It surprised and saddened many of us on 3 October 2019 to hear that the domestic violence […]
Whether they are supporting a charitable cause, seeking finance for a creative project or launching a startup, fundraisers of all kinds are increasingly turning to crowdfunding […]
For users of the MYOB desktop accounting software solution AccountRight Classic, also known as v19, 30 September is an important date to look out for. MYOB […]
If you are interested in experimenting with video marketing, here are some tips on just getting started! The first step is often the hardest, right? For […]
By David Downie, Partner We are increasingly living in the world of “the cloud,” where much of our business and personal lives rely on the Internet […]
Australian investors have an obsession with Australian equities (shares), yet, at $2 trillion, they only represent around 2-3% of global equities. This is a fairly well-known […]
This week the federal parliament will consider a bill containing further measures aimed at countering illegal phoenix activities, including holding directors liable for their company’s unpaid […]
In a previous blog post, we shared how important it is for small business owners to think like CFOs when managing their business and personal finances. […]
By Mark Copsey, Director of Allworths Wealth Management At the end of each tax year, we send out a summary outlining strategies for reducing tax and […]
As accountants and advisers to many business owners, we regularly get to trade stories with clients on all the ups and downs of managing and growing […]
On 2 April, Josh Frydenberg handed down the Federal Budget 2019-20. In summary: there were no big surprises. It was widely expected that a return to […]
Single Touch Payroll (STP) is an ATO compliance regime that requires employers to electronically send employee payroll information; including salary, wages, PAYG withholding and superannuation; to […]
Property owners need to understand the intricacies of deductions associated with their cherished holiday retreats. However, as the holiday season approaches, they may find that their […]
Superannuation, often called ‘super,’ is a vital part of Australia’s financial landscape. It’s a retirement savings system intended to provide financial security in your golden years. […]
As a business owner, one of the perks is the ability to claim tax deductions for expenses related to motor vehicles used in your business operations. […]
Determining the value of your business is a critical step when contemplating a sale. Unfortunately, a significant number of business owners are unaware of the monetary […]
An additional 10% capital gains tax (CGT) discount may be available when you sell an Australian residential rental property that you used to provide affordable housing. […]
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 […]
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 […]