March 2024 Newsletter
This edition of our client newsletter features a run down on what taxpayers can do to maximise the benefits of the Stage 3 tax cuts that have recently been passed by Parliament. It explores some options for shifting taxable income from this year (2023-24) to the next (2024-25) by bringing forward deductions or deferring income. […]
Monthly financial checklist for small business owners
Business owners often prioritise turnover and overlook the importance of reviewing their finances in detail each month which can lead to missed opportunities for improvement. They can find themselves caught up in the day-to-day operations and working “in” the business rather than taking the time to work “on” the business. You may be able to […]
Why a Business Asset Management plan is vital for your business
Your business assets are cornerstones to your business operations. Without them, you can’t generate revenue and deliver a service to your customers. Spending the time and money on managing your assets more efficiently may sound like an unnecessary expense to the business. In our experience, business owners are more concerned about whether an asset is […]
December 2023 Newsletter
Give yourself yourself a super gift this Christmas Superannuation remains a cornerstone of financial planning for most Australians. In this issue, we provide you with a practical to-do list to make sure that your super is working optimally for you. This to-do list includes consolidating your super, reviewing your investment strategy, checking your beneficiary nominations […]
Christmas is coming! What can you claim as a deduction?
Frequently asked questions below The festive season is around the corner, and you may have already started planning for office celebrations, employee bonuses and client gifts. Some Christmas festivities and gifts may incur FBT (Fringe Benefits Tax) which can end up costing more than you anticipated. Knowing what may be subject to FBT and/or tax […]
October 2023 Newsletter
How to reduce your income tax bill using superannuation Did you know you can reduce your income tax by making a large personal tax-deductible contribution from your take-home pay to your super? This strategy may be particularly useful if you will be earning more income this financial year or if you have sold an asset […]
What type of trust is best for you?
There are several different types of trusts in Australia that can be set up to meet a specific need or purpose. But which one is right for you and your needs? Trusts are commonly used for asset protection, estate planning, investment as well as for business purposes. A trust requires a person or entity to […]
7 rules to manage small business cashflow
Every small business whether it’s a start-up or an established business, must follow certain rules to ensure its sustainability and longevity. One of these rules – and the most important one – is managing cashflow. You’ll sleep easier at night knowing you’ve got a good handle on this in your business. Business owners can run […]