Blog
July 27, 2023
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
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
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
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
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
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 […]
May 30, 2023
From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to […]
May 30, 2023
By Mark Copsey, Partner We often receive questions from clients who receive Division 293 assessments in relation to their superannuation contributions. So why am I paying […]
May 10, 2023
By Mark Copsey, Partner In the wake of the 2023-24 Federal Budget announcement last night, we wanted to provide the main updates affecting Allworths clients here. […]
April 27, 2023
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider. Business transactions […]
April 27, 2023
When you start a business, inevitably, it consumes not just a lot of time but also a lot of cash (much of which you have already […]
April 27, 2023
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) released new details on electric vehicles. […]
March 30, 2023
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little concerned that people with holiday homes are claiming […]
March 30, 2023
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget. What […]
March 30, 2023
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can […]
February 27, 2023
By Cynthia Fei, Manager Many of us assume that tax planning is only necessary at the end of the year. It often stays on our to-do […]
February 27, 2023
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation […]
February 27, 2023
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts […]
February 27, 2019
By Mark Copsey, Director of Allworths Wealth Management TL;DR Banning life insurance commissions may leave consumers and especially young people worse off. The Royal Commission […]
March 7, 2019
By David Downie, Partner With Sportsbet currently showing the Australian Labor Party (ALP) as $1.20 favourites to win the next Federal election, it is a good […]
March 8, 2019
Last year we held a “Lunch and Learn” event at our offices with around a dozen clients on the topic of: Risk in Retirement. Mark Copsey, […]
March 20, 2019
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 […]
April 11, 2019
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 […]
April 24, 2019
*Who knows if they’re really the fastest? Have a watch of the video below and make up your own mind! Allworths was back at the Cumnock […]
April 25, 2019
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 […]
May 22, 2019
Allworths has been around for a long time – over 120 years in fact! One thing that has remained constant is our love of small business […]
May 30, 2019
As 30 June is just around the corner, here’s a quick reminder of things to think about in your year end tax planning: If you are […]