January 30, 2020

Is your business structure still suitable?

By David Downie, Partner at Allworths Chartered Accountants Businesses come in many forms: sole traders, partnerships, trusts, companies and more… In all the excitement of starting a […]
January 16, 2020

Investments: the year that was and the year ahead

By David Costigan, Senior Accountant at Allworths The year-end 2019 has been dominated by unending negatives, such as trade wars, Brexit, the slowing economy in China, […]
November 19, 2019

“Revenue is vanity; profit is sanity; cash is reality” – an interview with Simon Ashley, CFO.

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 […]
November 11, 2019

ATO to check in on poorly diversified SMSF portfolios

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 […]
October 28, 2019

“How can I have a tax bill if there’s no money in the bank?!” Understanding the importance of cash flow

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 […]
October 28, 2019

A cautionary tale: the facts on White Ribbon Australia

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 […]
September 30, 2019

What is equity crowdfunding and should you be paying attention?

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 […]
September 19, 2019

Time to embrace cloud accounting: MYOB ends desktop support

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 […]
August 30, 2019

DIY video marketing tips for small businesses and entrepreneurs

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 […]
August 29, 2019

Cloud accounting and the world of apps

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 […]
July 30, 2019

Demystifying bonds and bond funds

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 […]
July 30, 2019

Illegal phoenix activities: new company director penalty rules coming

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 […]
June 27, 2019

Tips for sound financial management in small business

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. […]
June 18, 2019

Quick tips on tax planning and investment for the new financial year

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 […]
May 30, 2019

EOFY tax planning: 13 things to consider before 30 June

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 […]
May 22, 2019

Why small business owners should learn to think like CFOs

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 […]
April 25, 2019

Cutting edge Australian software to help grow your business

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 […]
April 24, 2019

The Cumnock Show and the fastest Lawn Mowers in NSW*

*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 […]
July 28, 2022

Tax Time Targets

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

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 […]
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 […]
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

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 […]
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? […]
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 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

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% […]