Uncategorized

September 30, 2024

Vehicle-Related FBT – How To Manage What You’re Providing

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 […]
September 23, 2024

Side Hustle Culture: Having Your Own Business On The Side

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 […]
September 16, 2024

Superannuation, The Self-Employed & Contractors

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 […]
September 9, 2024

Understanding Closely-Held Employees & Small Business STP Reporting

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) […]
September 2, 2024

The Key Responsibilities Of Running A Business (And How An Accountant Can Help)

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 […]
August 27, 2024

What You Need to Know About the New ‘Right to Disconnect’ Laws

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 […]
August 26, 2024

Getting The Most Out Of Your Nest-Egg With Some Super Secrets

Superannuation is one of the most important tools you have for securing a comfortable retirement.  While most people are familiar with the basics—like making contributions and […]
August 19, 2024

The Tax-Free Threshold & Multiple Jobs

It’s important to know how the tax-free threshold works, especially if you’re earning income from more than one job.  Many people mistakenly claim the tax-free threshold […]
August 12, 2024

The Power of Product Diversification in Business: When It Works and When It Doesn’t

As a business owner, you’re always on the lookout for ways to grow and adapt in an ever-changing market.  One strategy that many businesses consider is […]
August 5, 2024

Superannuation for Young Professionals: Start Early, Retire Comfortably

As a young professional, planning for retirement is a distant priority. However, starting early with your superannuation contributions can significantly impact your financial future. Prioritising superannuation […]
July 28, 2024

Claiming Motor Vehicle Expenses In The New Financial Year

Making the most of available tax deductions for your business can be an important aspect of starting the new financial year. It’s why planning and strategising […]
July 28, 2024

Turning Business Ideas into Reality: A Practical Guide

Every successful business starts with a simple idea. The journey from concept to a thriving enterprise, however, is fraught with challenges. For aspiring entrepreneurs, the key […]
July 28, 2024

Spousal Contributions: A Guide To Voluntarily Boosting Super

Superannuation is a vital aspect of retirement planning in Australia, ensuring individuals have sufficient savings for their later years. One effective strategy to enhance your family’s […]
July 28, 2024

Ensuring Income Tax Exemption: Key Points for Not-for-Profit Sporting Organisations

Starting from the 2023-24 income year, not-for-profit (NFP) organisations, including sporting clubs, societies, and associations with an active Australian Business Number (ABN), must lodge an annual […]
July 28, 2024

How Could E-Commerce Impact Your Business In The New Financial Year?

As the Australian e-commerce landscape evolves, 2024 is set to be a year of significant innovation and adaptation. With 24 million smartphone users and an expected […]
June 26, 2024

Common EOFY Mistakes Made That Can Be Fixed Before 30 June

Finding yourself increasingly more busy as the EOFY approaches, particularly with meeting your tax obligations? It’s coming on tax time, so it’s time to ensure you’re […]
June 26, 2024

Meeting Your Business’s Tax Obligations At The EOFY

As the End of the Financial Year (EOFY) approaches in Australia, businesses must gear up to meet their tax obligations efficiently and accurately. This period can […]
June 26, 2024

Understanding The Superannuation Clearing House

As the End of the Financial Year (EOFY) approaches, employers and self-employed individuals must ensure their superannuation contributions are processed efficiently and on time. Utilising a […]
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. […]