Uncategorized

March 31, 2022

Budget 2022: a Budget for the Ballot Box

On Tuesday the Government delivered the 2022 Federal Budget. With the federal election looming, Treasurer Josh Frydenberg argued that the country has “remained resilient and strong” […]
March 31, 2022

Question of the month: contractor vs employee

Whether a worker qualifies as a contractor or an employee is a common source of confusion among small business owners. There are some common misconceptions around […]
March 31, 2022

Have you made the move to General Purpose Financial Statements? If not, here’s what you need to know.

If you have been preparing Special Purpose Financial Statements (SPFS), it’s important to check whether you are impacted by the replacement of these with General Purpose […]
March 31, 2022

The cryptocurrency regulation debate

With cryptocurrency an ever-growing phenomenon, it’s no surprise that some are calling for greater regulation and clarity surrounding the rules (however counterintuitive this may seem considering […]
February 28, 2022

Important changes to ATO policy on discretionary trusts

By David Downie, Partner  28 February 2022 Last Wednesday the ATO released four new pieces of guidance in relation to discretionary (family) trusts that demonstrate a […]
February 27, 2022

Cloud accounting with Xero and its App Marketplace

Anyone who remembers shoving handfuls of business receipts into shoeboxes, or dutifully plugging them away into spreadsheets one by one, has most likely welcomed the age […]
February 10, 2022

NSW Small Business Support in February

As the impacts of the surge in Omicron cases catch up with many small businesses around NSW, the premier announced a Small Business Support package that […]
January 31, 2022

Strategic Planning Tips

By David Downie, Partner Late last year, Mark and I invested the time to attend a strategy retreat for 3 days in Merimbula with the help […]
January 31, 2022

Mark’s recent podcast on investing, ETFs, crypto and more

With Mark Copsey, Director, Allworths Wealth Management  The podcast I was interviewed on at the end of last year covered some of today’s most relevant topics […]
January 30, 2022

NSW Small Business Fees and Charges Rebate

With the recent surge in Omicron cases, Australia is certainly feeling the effects of COVID-19 two years on from its first arrival in Australia. It’s a […]
December 19, 2021

Investing year in review by Mark Copsey

By Mark Copsey, Partner In this final article of the year I thought it would be interesting to share with you some of the investments I […]
November 29, 2021

Announcing our new free resource: the Small Business Playbook 2021

Have you recently launched a new business or started thinking about it? Running a business can be a hugely rewarding and fulfilling experience, but it comes […]
November 29, 2021

Action required: Apply for your Director Identification Number

What is required? As part of a new director requirement, all directors must verify their identity by applying for a unique director identification number. This includes […]
November 29, 2021

A beginner’s guide to investing [Part 4]

If I’d known at 25 what I know now By Mark Copsey, Partner The past three articles in this series have hopefully provided the theory behind investing, […]
October 28, 2021

Louise Gould: A reflection on the past 20 years with Allworths

This month Louise celebrated her 20 year anniversary with Allworths and we congratulated her on this monumental milestone! Feel free to send her a message of […]
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 […]
October 28, 2021

A beginner’s guide to investing [Part 3]

The psychology of investing By Mark Copsey, Partner In this third installment of my ‘beginner’s guide to investing’ series, we explore the psychology of making investment […]
October 7, 2021

Anyone can manage their business finances better: attend our upcoming Spark Fest event for “DiY CFOs”

We’re excited to be hosting an upcoming event on October 21 for Spark Festival on “CFO thinking” for startup founders and small business owners. We’ll hear […]
April 27, 2023

Company money: a guide for owners

When you start a business, inevitably, it consumes not just a lot of time but also a lot of cash (much of which you have already […]
April 27, 2023

Selling a business? The pros and cons of earn-out clauses

Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider. Business transactions […]
May 10, 2023

Key budget measures affecting our clients

By Mark Copsey, Partner In the wake of the 2023-24 Federal Budget announcement last night, we wanted to provide the main updates affecting Allworths clients here. […]
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 […]
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

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 […]
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 […]
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

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 […]