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March 18, 2024

Holiday Hustle: Crafting Engaging Content for April’s Festive Occasions

As April rolls around, businesses have a perfect opportunity to refresh their content marketing strategies and engage with their audience in new and exciting ways.  With […]
March 11, 2024

5 Factors To Guide Your Superannuation Fund Choice

Selecting the right superannuation fund is a crucial decision that can significantly impact your financial future in retirement.  With numerous options available, it’s essential to understand […]
March 4, 2024

Fringe Benefits Tax Considerations For Australian Businesses

For businesses operating in Australia, navigating the intricacies of the Fringe Benefits Tax (FBT) is essential to ensure compliance with tax regulations and minimise financial liabilities. […]
February 26, 2024

Common Challenges Businesses Face (And Strategies To Face Them With)

Starting and running a business is an exhilarating journey filled with opportunities for growth and success. However, along the way, entrepreneurs inevitably encounter trials and tribulations […]
February 20, 2024

Closing The Gap: Gender & Superannuation

There exists a persistent and concerning gender gap in superannuation. Women often find themselves disadvantaged compared to their male counterparts when building wealth for their golden […]
February 20, 2024

Explaining The New Reporting Regime For The Sharing Economy

The Sharing Economy Reporting Regime (SERR) represents a significant development in Australia’s tax landscape, requiring certain businesses operating in the sharing economy to report specific transactions […]
February 5, 2024

Crafting Your Own New Year’s Business Resolution In 2024

With business operations underway, a new calendar year presents a perfect opportunity for entrepreneurs and business professionals to reflect on the past and set the stage […]
January 29, 2024

Navigating Challenging Times – Understanding NANE Income Versus Assessable Income

The recent spate of extreme weather events during the summer in various parts of Australia has presented unprecedented challenges for small businesses. As a result, the […]
January 29, 2024

Selling Your Business? These CGT Concessions Could Help Increase Your Super

As a small business owner gearing up for retirement, selling your business can be a strategic move to give your nest egg that final boost. However, […]
January 29, 2024

Why Are The Stage 3 Tax Cuts The Subject Of Discussion?

In a significant reversal to a key election promise, the Australian federal cabinet has approved changes to the stage-three tax cuts package, set to come into […]
January 29, 2024

How To Navigate Business Challenges In 2024

Stepping into 2024, businesses may navigate dynamic economic, societal, and technological shifts. Successfully navigating these changes requires a strategic and agile approach, which is essential for […]
December 19, 2023

Lodgement Penalty Amnesty For Businesses Ends 31 December 2023

The ATO’s lodgment penalty amnesty has been extended, providing thousands of eligible enterprises with a chance to rectify overdue income tax returns, business activity statements (BAS), […]
December 18, 2023

Chasing Up End Of Year Invoices

As the calendar year draws to a close, businesses often find themselves in a familiar but often challenging position – chasing invoices.  A healthy cash flow […]
December 15, 2023

Rightsizing Your Lifestyle: The Art of Property Downsizing

 As retirees embrace a new phase in their lives, the concept of property downsizing is gaining momentum as a strategic and rewarding financial move.  Downsizing isn’t […]
December 15, 2023

Unlocking the Secrets of Deductions: A Holiday Home Owner’s Essential Checklist

Property owners need to understand the intricacies of deductions associated with their cherished holiday retreats. However, as the holiday season approaches, they may find that their […]
November 27, 2023

Do You Have A Goal For Your Business?

Have you ever wondered about the origin story of your business? What drove you to start it in the first place? It’s a question that often […]
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. […]
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 […]