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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 […]
June 28, 2023

Be careful with last-minute ‘business’ purchases

For a few years now, very generous provisions have been in place that allow businesses to claim the cost of assets used in the business in […]
June 28, 2023

Super savings and strategies

Tax deductions for topping up super You can make up to $27,500 in concessional contributions each year assuming your super balance has not reached its limit. […]
June 28, 2023

We’re switching from DocuSign to FuseSign

Welcome to FuseSign We have recently decided to move our electronic signing platform from DocuSign to FuseSign. One of our highest priorities is getting documentation out […]
May 30, 2023

ATO Rental Property Blitz

The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous […]
May 30, 2023

Access to home guarantee scheme expanded to friends and siblings

From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to […]
May 30, 2023

Question of the month: Understanding Division 293 Tax

By Mark Copsey, Partner We often receive questions from clients who receive Division 293 assessments in relation to their superannuation contributions. So why am I paying […]
March 26, 2021
Good news stories

Some good news this March

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 […]
March 26, 2021
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Fringe Benefits Tax implications for vehicles with over 1 tonne carrying capacity

By Joshua Persson, Accountant at Allworths Chartered Accountants We have noticed a common misconception amongst our clients regarding vehicles. Specifically, the notion that if a vehicle […]
March 29, 2021
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Question of the month: Am I eligible to make the downsizing contribution into my super?

By Mark Copsey, Director of Allworths Wealth Management This month, we received a question about the eligibility of making the downsizer contribution to superannuation from the sale […]
March 30, 2021

Our Audit team are Client Choice Awards winners!

This month, we are over the moon to announce that we have been awarded ‘Best Auditing Firm (<$30m revenue)’ in the 2021 Client Choice Awards!  Congratulations […]
April 29, 2021

Startups and angels: a match made in heaven?

By Mark Copsey, Partner This month I attended the University of NSW’s Angel Investors Program hosted by UNSW to hear from some very talented, passionate members […]
April 29, 2021

Some good news this April

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 […]
April 29, 2021

Bitcoin – a smart investment or a bloody big hoax? [1 of 3]

By Mark Copsey, Partner The price of Bitcoin has surged an astounding 400% in the past six months, and I have been getting more calls from […]
April 29, 2021

Auditing in the time of coronavirus — how Allworths and our clients fared in the pandemic

By Colleen Hosking FCA Allworths Assurance & Advisory was last month named Best Auditing Firm (<$30M revenue) in the 2021 Client Choice Awards. It has been […]
October 28, 2021

Online panel video: Thinking like a bigger business with 3 inspiring guest founders

In October Mark Copsey had the opportunity to interview three brilliant young founders of up-and-coming Aussie technology companies: Share with Oscar, a car space sharing marketplace […]