Blog
July 28, 2022
The ATO has flagged four priority areas this tax season where people are making mistakes. The Australian Taxation Office (ATO) has revealed its four areas of […]
July 28, 2022
By Mark Copsey, Director at Allworths Wealth Management As the Queen celebrates her Platinum Jubilee I feel compelled to use part of her famous speech given […]
June 29, 2022
By David Downie and Mark Copsey Happy New Financial Year! Last month we focused on year-end tax planning tips. Now, with the financial year coming to a close, […]
May 25, 2022
By David Downie and Mark Copsey Welcome to our special Tax Time edition. With 30 June looming, we would like to share some tax tips […]
April 28, 2022
By David Downie, Partner Back in February we wrote about the recent change in the ATO’s approach to discretionary trusts, in particular where distributions of trust […]
April 28, 2022
With many businesses looking at ways to incentivise and retain employees in the wake of the pandemic and the ‘great resignation’, fringe benefits have become topical […]
April 28, 2022
The short answer is: maybe no one. But it’s an easy fix. A startup or small business is challenging enough in the core work that’s being […]
April 28, 2022
The rise of finfluencers Over the last couple of years, the rise of financial influencers, or ‘finfluencers’, as they have been nicknamed, has continued unabated. Found […]
March 31, 2022
On Tuesday the Government delivered the 2022 Federal Budget. With the federal election looming, Treasurer Josh Frydenberg argued that the country has “remained resilient and strong” […]
March 31, 2022
Whether a worker qualifies as a contractor or an employee is a common source of confusion among small business owners. There are some common misconceptions around […]
March 31, 2022
If you have been preparing Special Purpose Financial Statements (SPFS), it’s important to check whether you are impacted by the replacement of these with General Purpose […]
March 31, 2022
With cryptocurrency an ever-growing phenomenon, it’s no surprise that some are calling for greater regulation and clarity surrounding the rules (however counterintuitive this may seem considering […]
February 28, 2022
By David Downie, Partner 28 February 2022 Last Wednesday the ATO released four new pieces of guidance in relation to discretionary (family) trusts that demonstrate a […]
February 27, 2022
Anyone who remembers shoving handfuls of business receipts into shoeboxes, or dutifully plugging them away into spreadsheets one by one, has most likely welcomed the age […]
February 10, 2022
As the impacts of the surge in Omicron cases catch up with many small businesses around NSW, the premier announced a Small Business Support package that […]
January 31, 2022
By David Downie, Partner Late last year, Mark and I invested the time to attend a strategy retreat for 3 days in Merimbula with the help […]
January 31, 2022
With Mark Copsey, Director, Allworths Wealth Management The podcast I was interviewed on at the end of last year covered some of today’s most relevant topics […]
January 30, 2022
With the recent surge in Omicron cases, Australia is certainly feeling the effects of COVID-19 two years on from its first arrival in Australia. It’s a […]
October 28, 2019
By David Downie, Partner at Allworths Anyone in small business has probably felt the sting of a cash flow shortfall at tax time. That is, you […]
November 11, 2019
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 […]
November 19, 2019
Valuable lessons for SME leaders: an interview with experienced CFO Simon Ashley Simon Ashley is a Chartered Accountant who started out as an auditor at […]
October 28, 2020
What’s more important: your car or your family? It’s a silly question, yet most car owners will have some form of vehicle insurance whilst the under-insurance […]
May 12, 2021
On Tuesday night the Australian Government delivered the 2021-2022 Federal Budget. It was widely anticipated to be a high spending budget, with little of the fiscal […]
May 30, 2021
Blockchain: more than just cryptocurrencies Last month, we touched on the potential of Bitcoin, the cryptocurrency whose meteoric rise (and decline) has gripped the investment world […]
May 30, 2021
The great Australian dream has felt unachievable for many younger Australians for a long time. Median house prices have exceeded $1 million in many Sydney suburbs. […]
May 30, 2021
As 30 June is just around the corner, here’s a quick reminder of things to think about in your year-end tax planning. For individuals and investors […]
June 29, 2021
By Cynthia Fei, Senior Accountant We all know that the super guarantee rate will increase to 10% from this July. For many employees like myself, on […]