Uncategorized

November 27, 2023

5 Superannuation Misconceptions Australians Might Have…

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. […]
November 27, 2023

Claiming Motor Vehicle Expenses On Your Tax Return

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. […]
November 26, 2023

Unlocking Business Value: Essential Steps to Determine Your Company’s Worth

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 […]
October 31, 2023

Providing Affordable Housing? You Could Be Eligible For A CGT Discount

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. […]
October 31, 2023

The Age Pension Thresholds Have Changed Since 1 July 2023…

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 […]
October 31, 2023

What Is A Transition To Retirement Pension?

Not quite ready to take the plunge into full retirement, but ready to make a start?    Transitioning into the retirement phase of your life means […]
October 31, 2023

Catching Up On Carry-Forward Contributions

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 […]
September 28, 2023

The Billion Dollar TikTok Scandal

$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 […]
September 28, 2023

The case of the taxpayer who was paid too late

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 […]
September 28, 2023

Legislating the ‘objective’ of super

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 […]
September 28, 2023

The shape of Australia’s future

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 […]
August 30, 2023

Succession: What does it take to hand your business to the next generation?

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 […]
August 30, 2023

Thinking of subdividing? Consider the tax implications and pitfalls of small-scale subdivisions

You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, […]
August 30, 2023

Why is my tax refund so small?

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 […]
July 27, 2023

The $20k technology investment boost

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 […]
July 27, 2023

The 120% technology and skills ‘boost’ deduction

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 […]
July 27, 2023

1 July wage increases and other changes

For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft.” Beyond the reputational issues of getting it wrong, the Fair Work Commission […]
June 28, 2023

Tax savings for the taking

Here are some personal tax deductions that should be on your radar as we start working on your FY2022-23 tax returns There are some simple things […]
October 21, 2020
Life insurance

“It won’t happen to me” is not a good strategy

By Mark Copsey, Director of Allworths Wealth Management As depressing as this may be, think hard for a minute to see if you can come up with […]
November 25, 2020
Elderly person and young child walking together

Some good news this November

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 […]
November 25, 2020
Xero App GoCardless integration

Xero App Series: GoCardless

Welcome to the eighth instalment of our Xero App Series, covering some of the best and most popular Xero add-ons that may assist in your business. […]
November 25, 2020
Three arrows going up

A month of positives after a tough year

At this point, we really don’t need to repeat that 2020 has been a tough year for all. However, this month, we have seen an upward trend […]
February 3, 2021
ATO update

ATO no longer sending out Instalment Notices and Activity Statements

Missing your December ATO notice? Instalment Notices and Activity Statements are no longer being sent out by the ATO. Here’s what you need to know… What […]
February 24, 2021
Xero app integration PropertyMe

Xero App Series: PropertyMe

Welcome to the ninth instalment of our Xero App Series, covering some of the best and most popular Xero add-ons that may assist in your business. […]
February 24, 2021
Brisbane

Some good news this February

Sometimes the news can be a bit overwhelming, so we hope our hand-picked and light-hearted good news stories can bring you a little bit of joy […]
February 24, 2021
Conference

The business events grant program: now accepting applications

Applications close: 30 March 2021, 5:00 PM (AEDT) In September last year, the PM announced $50 million in funding to help restart Australia’s business events industry. […]
March 25, 2021

Tips for farmers (or anyone) thinking about finance

By David Costigan, Senior Accountant at Allworths Chartered Accountants Recently Mark Copsey, David Downie and I attended the annual ‘A Country Practice Accountants Conference’ in Orange. […]