Record keeping is a crucial part of any business. In addition to meeting your tax and superannuation obligations, having good records will
give you a more accurate picture of your business to help you understand how you are doing, so you can spot potential problems sooner rather
Super, insurance and exit fees: changes from 1 July 2019
From 1 July 2019, new laws prevent superannuation funds from eroding member balances with unwanted or unnecessary insurance and exit fees.
Plus, inactive accounts with low balances will be moved to the ATO to try and unite the unclaimed super with its owner.
Who has your personal data, and are they keeping it safe?
Regardless of whether you're engaging an accountant or bookkeeper or a hair stylist - if a business needs to store your personal information
(email address and phone number included), make sure they are doing everything they can to protect your information!
Year End Tax Strategies for Individuals and Business Owners
We've put together a tax planning guide for both individuals and business owners. It includes updates on tax rates, general year-end
strategies, changes to superannuation, and areas of focus for the ATO.
The ATO is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy. The plan on
visiting over 10,000 businesses in the 2020 Financial Year. It's a scary thought, especially if you don't know what to expect.
A consistent theme this tax time is over-claiming and under reporting. The ATO are getting more sophisticated with data matching, and
taxpayers can expect greater scrutiny where their claims are more than what is expected. We take a look at the key issues for you, your
business and your SMSF.
Dealing with the Australian Tax Office is a very common part of our job. While it does come with challenges, it brings so many benefits to
our clients that wouldn’t be easily accessible if they were to try to tackle the ATO on their own.
The Australian Federal Budget 2019 was announced on 2 April 2019. It was very positive; the
returns to surplus (of $7.1 billion) after more than a decade of deficits, and promises to deliver more jobs and build a stronger
We've expanded our offering of seminars in 2019 designed to give you essential information, advice and opportunities for growth. All of
these are open to our clients, family and business network to attend.
What can medical professionals claim on their tax return?
Between equipment, insurance, overtime, travel and specialised clothing - it can be hard to sift through all the expenses you incur as a
doctor or medical practitioner and find out what you can and can't claim on your tax. That's where we come in - we have years of experience
supporting medical professionals with tax advice and planning, asset protection and make sure they're on track for retirement.
"What would happen to my business if I passed away?"
Life does not always go to plan. While we logically know that, most of us don’t plan for the worst - it’s all a bit morbid and time
consuming.The downside of not having a strong estate plan is the potential for hard earned assets to be squandered. If you are a business
owner, then the stakes are even higher.