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 […]
$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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Our thoughts are with our farming clients who we realise are suffering considerably at the present time. There are a number of limited assistance packages available, […]
In a previous blog post, we wrote about the new Notifiable Data Breaches scheme applying to businesses with a turnover of more than $3M from February […]
Following our recent client event on Risk in Retirement, we received a number of enquiries in relation to Exchange-Traded Funds (ETFs) and how they operate. ETFs […]
Employers and lawyers are warning of potentially huge liabilities and uncertainty for businesses that engage casuals after the Federal Court last month held casual employees who […]
By Colleen Hosking, Director of Allworths Assurance & Advisory Last updated: 18/02/21 At Allworths Assurance & Advisory, we work with SMEs and large enterprises to provide […]
By Mark Copsey, Partner This month, Dave Costigan and I visited farming clients Norman and Pip Smith of Glenwood Merinos just outside Wellington NSW to […]
Following on from announcements made in the 2017-18 and 2018-19 Federal Budgets, Treasury has released a consultation paper that explains significant proposed changes to the ‘Division […]
By Mark Copsey, Partner at Allworths and Director at Allworths Wealth Management Eating breakfast on my balcony, I watch the people down below – walking by […]