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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 […]
June 26, 2024

Self-Employment & Superannuation Before The EOFY

As the End of the Financial Year (EOFY) approaches, self-employed individuals can bolster their retirement savings and take advantage of significant tax benefits.  While the self-employed […]
May 29, 2024

Trust Tax Return Compliance: A Guide

Managing a trust comes with its share of responsibilities, especially regarding tax compliance. To assist trustees and administrators, the ATO has provided a checklist that can […]
May 29, 2024

How to Manage Cash Flow and Plan for Growth: A Guide for Small Businesses In The Lead Up To EOFY

Effective cash flow management is essential for the success and growth of any small business. Proper budgeting, forecasting, and managing finances ensure that your business remains […]
May 29, 2024

Millenial & Gen Z – Preparing For The Future With Superannuation

Millennials and Gen Z are facing some of the most difficult challenges when it comes to financial priorities. Between paying off HECS debts/HELP loans and saving […]
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 […]
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
Vehicles with over 1 tonne carrying capacity banner

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
Downsizing contributions into superannuation banner

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 […]