Uncategorized

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 […]
April 11, 2019

Ballot Box Budget: Federal Budget 2019-20

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 […]
March 20, 2019

Extension of Single Touch Payroll to small employers

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 […]
March 8, 2019

Risk in Retirement Event Videos

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 7, 2019

Tax changes to expect under a Labor government

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 […]
February 27, 2019

Banning life insurance commissions is not as sensible as it sounds

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 […]
January 29, 2019

New Year, New (Financial) You

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 […]
November 28, 2018

Company loan tax changes on the way!

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 […]
November 28, 2018

Federal Government to intervene in casual worker test case

In a recent blog post, we noted the finding of the Full Federal Court that a casual employee was entitled to the leave benefits of a […]
October 30, 2018

A day in the life of a farmer

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 […]
October 30, 2018

DIY audits: good practice in SME businesses of all kinds

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 […]
September 24, 2018

Federal Court rules ‘regular’ casuals entitled to annual leave

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 […]
August 30, 2018

Allworths’ Guide to Exchange-Traded Funds

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 […]
April 29, 2024

Understanding Fringe Benefits Tax (FBT) And What It Covers

For businesses in Australia, providing fringe benefits to employees can be a valuable way to attract and retain talent, as well as incentivise performance. However, employers […]
April 29, 2024

What Contributions Can Be Made To Superannuation Funds?

As retirement looms, ensuring a comfortable and secure future becomes a top priority for many individuals.  One essential aspect of this preparation is maximising superannuation contributions. […]
April 29, 2024

Strategic Planning for Business Resilience: The Importance of Disaster Management, Crisis, and Continuity Plans

Strategic planning for businesses ensures resilience and continuity in adversity. While businesses often focus on growth and expansion, preparing for potential disruptions and emergencies that could […]
May 14, 2024

2024-25 Federal Budget Announcements

The Federal Budget was handed down on 14 May 2024, and has outlined a number of changes that impact businesses, tax & superannuation. Instant Asset Write-Off […]
May 14, 2024

The Instant Asset Write-Off Re-Explained

With the latest Budget announcement, the Instant Asset Write-Off extends into another financial year, offering continued benefits for small businesses. Businesses with an aggregated turnover of […]
May 14, 2024

Minding The Gap: Paid Parental Leave & Superannuation

Another significant announcement arising from the 2024-25 Budget involves integrating superannuation with government-funded parental leave. To bolster Australia’s government-funded Paid Parental Leave (PPL) scheme and enhance […]
May 14, 2024

Warnings For Deductions Claimed On Rental Properties

The Australian Taxation Office (ATO) is cautioning rental property owners about accurately claiming deductions on their tax returns this year, particularly with regard to maintenance claims. […]
May 14, 2024

Key Changes To Trust Administration To Affect Lodgements

Changes are being made to trust administration as a part of the Modernisation of Trust Administration Systems project, which will impact the way in which you […]
May 14, 2024

A Guide To Land Tax Across The States

Land tax is an annual tax paid to state and territory governments by land owners. If your business owns the property, you will likely need to […]