Uncategorized

May 29, 2024

The Instant Asset Write-Off Continues To The 2024-25 Financial Year

In a move aimed at bolstering small business cash flow and reducing compliance costs, the Australian government has announced an extension of the $20,000 instant asset […]
May 14, 2024

Take Your Time: Getting Your Return Right

Did you know that if you lodge your tax return in early July, your tax return’s chances of being flagged as incorrect by the ATO are […]
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 […]
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

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

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

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

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 […]
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 […]
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

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

Strategies To Cut Costs Without Cutting Ties

For businesses, maintaining profitability and financial stability is essential for long-term success. At times, this can lead to costs needing to be cut.  However, cost-cutting initiatives […]
April 29, 2024

What Is The Small Business Superannuation Clearing House?

For small businesses in Australia, managing superannuation payments for employees can be a time-consuming and complex task. Super guarantee payments must be made quarterly, with the […]
March 25, 2024

Compliance in the WFH Landscape: Know The Right Method You Can Use To Claim Expenses

Ensure you’re up to date on how to claim your working-from-home expenses!  As the business landscape shifts back and forth between office, hybrid and home-based work […]
March 21, 2024

Property Owners – A Warning About Bond Money

Did you know that money received as a bond from a tenant and retained after they leave your rental property (e.g. for damages, repairs, or rent […]
March 21, 2024

Strategies For Coping With Mortgage Stress

Mortgage stress can weigh heavily on homeowners, causing financial strain and emotional hardship.  Whether due to unexpected life events, economic challenges, or changes in personal circumstances, […]
March 21, 2024

The Role of Legal Structures in Wealth Protection: Safeguarding Your Assets in Australia

Protecting one’s wealth is paramount for individuals and businesses in an ever-changing economic landscape.  While sound financial planning and risk management strategies play crucial roles, the […]
March 21, 2024

Safeguarding Your Digital Assets In The Digital Age

In an era of digitalisation and interconnectedness, protecting personal and financial information has become increasingly critical.  As individuals and businesses rely more on digital platforms and […]
August 28, 2020

Our favourite resources for personal and workplace growth

In a flooded market of advice and opinions, it can be hard to figure out what (or who) is worth your time – especially when we […]
August 28, 2020

Some good news this August

In light of current events, you’ve probably noticed that we’ve been sharing some good news stories each month. We’re going to keep bringing you these posts […]
August 28, 2020
JobKeeper 2.0

JobKeeper Update

By Keri Liang, Senior Accountant Since March 2020, when the JobKeeper Payment scheme was announced, the program has helped thousands of Australian businesses who were feeling […]
September 28, 2020

From shoe boxes to the cloud, Mark Copsey reflects on his 25 years at Allworths

By Mark Copsey, Partner Following on from the ‘How Allworths Began’ article, I was asked to reflect on my 25 years at Allworths and how the profession has […]
September 28, 2020
Xero and ezyCollect

Xero App Series: ezyCollect

Welcome to the seventh instalment of our Xero App Series, covering some of the best and most popular Xero add-ons that may assist in your business. […]
September 28, 2020

Some good news this September

In light of current events, you’ve probably noticed that we’ve been sharing some good news stories each month. We’re going to keep bringing you these posts […]
September 29, 2020

Insolvency and bankruptcy protections extended despite zombie firm fears

In September we saw increasing concerns around “zombie firms” that have been shielded from failure by COVID-19 measures including JobKeeper Payments as well as temporary insolvency […]
October 8, 2020
FY2020-21 Budget announcement

2020-21 Federal Budget: Road to Recovery?

By David Downie, Partner at Allworths Chartered Accountants On October 6, the Federal Government announced the highly anticipated 2020-21 Budget. It is extra significant this year […]
October 21, 2020
Income protection insurance

Protect your income, protect your family

By Mark Copsey, Director of Allworths Wealth Management   What would you do? Have you ever stopped to think about how you would pay the mortgage, […]