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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
If you are feeling overwhelmed by the constant demands of work emails, calls, and messages, you are not alone. Many employees struggle to balance their work […]
Running a small business is an exciting and rewarding endeavour but comes with a fair share of responsibilities. Among the most important are the financial obligations […]
Small businesses, especially family-run ones, require careful attention to payroll for closely held employees, such as family members, directors, and shareholders. The Australian Tax Office (ATO) […]
If you’re a contractor, freelancer, or self-employed, you’re probably already juggling multiple responsibilities, from managing clients to keeping track of your income. One area that often […]
Starting a side hustle has become increasingly popular in Australia as more people seek additional income streams, personal fulfilment, or a way to test business ideas […]
As an employer, when you provide vehicles like sedans, station wagons, or passenger vans for your employees’ private use, you might be offering a car fringe […]
Superannuation is one of the best ways to save for retirement, but it’s not without its risks—especially if you’re between 40 and 60 and starting to […]
Running a business in Australia comes with many responsibilities, and one of the most important aspects is understanding your liability. Business liability refers to the legal […]
When it comes to work-related expenses, the Australian Taxation Office (ATO) allows employees to claim immediate deductions for depreciating assets that cost $300 or less. While […]