Insights
Whether it is a personal tax matter, SMSF question or more complex business tax strategies, the team at DFK Everalls are experts in the field.
Beware of ATO and myID Impersonation Scams
As of November 2024, there has been a surge in scams impersonating the Australian […]
Understanding Trust Types for Business and Family Needs
When structuring a business or planning wealth distribution, selecting the right trust can make […]
FBT Guide for Australian Businesses at Christmas time
As the holiday season approaches, it’s the perfect time to plan Christmas celebrations, show […]
What is an Advisory Board, and Why Might Your Firm Need One?
In today’s business world, more companies are finding that an advisory board can be […]
Australia’s New Climate-Related Financial Disclosure Mandates: What Businesses Need to Know
Australia is moving forward with mandatory climate-related financial disclosure requirements, introducing significant changes in […]
Little progress on important tax & super legislation
From time to time, the government announces new initiatives. Of most interest to us, […]
Payday Superannuation – What It Means for Employers
Starting July 2026, employers in Australia must adjust how they manage superannuation payments with […]
Spot the Scams: Red Flags Every Business Owner and Individual Should Know
At DFK Everalls, we understand the importance of safeguarding your financial well-being. As scams […]
The Growing Cybersecurity Threats Facing Small Businesses in Australia
It’s a frequent sight in the media-a new security breach or cyber attack on […]
Is it worth salary sacrificing into super?
Let’s explore the ins and outs of salary sacrificing into your super and help […]
Business tips: Nurturing your customer relationships
The stability of your business isn’t just based on sound finances. Forming rock-solid foundations […]
Business Tax Lodgement Deadlines for 2024/25
This insight provides an overview of important business tax lodgement dates for 2024/25 Annual […]
Minimum Wages Changes from 1st July
The Fair Work Commission has just announced its increase to minimum wages, which will […]
Writing a business plan? Read our guide
Your business plan is the sat-nav that keeps the company moving in the right […]
2024 Federal Budget Overview
In his Budget Speech Treasurer Jim Chalmers summarised the key elements of the 2024-25 […]
Digging Deeper into Cloud Accounting
If you’re managing a small business, the chances are that you’re using one of […]
Business Tips: Setting KPIs and measuring performance
Once you begin trading, you’re faced with a new challenge – successfully managing the […]
What the Gender Pay Gap Really Means?
Last month, the Workplace Gender Equality Agency (WGEA) released its gender pay gap data, […]
A Business Budget Will Help with your Financial Decision Making
Budgeting is about estimating your revenues, projecting your expenses, and detailing the allocation of […]
What’s keeping you awake at night?
As we kick off a new year, we’ve put together a checklist of potential […]
5 tips for managing your SMSF
Setting up your SMSF is just the beginning. Make sure you know your obligations […]
Book a tax planning conversation with us today
The days of deciding on a tax strategy at the start of the year […]
Proposed changes to Stage 3 tax cuts
The Government has announced that they intend to amend the Stage 3 cuts and […]
How to ride the wave of technological advancements
Rapid technological advancements are a double-edged sword for many business owners, presenting significant opportunities […]
Taking care of data regulation and ticking the right compliance boxes
Your business faces an increasingly complex regulatory landscape when it comes to data privacy, consumer […]
Between now and Christmas – what Human Resource requirements do you need to check off your list?
The end of the year will be here before you know it, and although […]
Work Christmas Parties, Gifts and FBT – what you need to know
‘Tis the season to be jolly! If you’re involved in the administration of fringe […]
Australian Privacy Act Reforms to Include Small Businesses
The Australian government is steering towards extending the coverage of the Privacy Act to […]
Proposed $3 Million Superannuation Cap – What You Need to Know
The Australian government proposes a new tax framework for superannuation fund balances exceeding $3 […]
Should you help your child pay off their HECS/HELP debt?
Should you help your child pay off their HECS/HELP debt? It’s a question many […]
Helping Your Children Purchase Their First Home
For many Australian parents, assisting their children in entering the property market or reducing […]
Digital Signatures and Cyber Security
Authenticated digital signatures can be a valuable part of your cyber security approach. They […]
5 top lead magnets for your marketing
Bringing leads into your business is what drives sales. So, how do you create […]
Maximising your Tax Deductions with the 20% Training & Technology Boosts
Although the Government announced these Small Business support measures in March 2022, these two […]
Tips for getting 2023 tax returns prepared
The team at DFK Everalls always want to prepare your tax return as quickly […]
Business Tax Lodgement Deadlines for 2023/24
This insight provides an overview of important business tax lodgement dates for 2023/24 Annual […]
Aligning Business and Personal Goals: A Guide for Small Business Owners
Achieving the perfect harmony between your personal and business life is a dream for […]
The EOFY is coming, but what about your personal planning
As the end of the financial year approaches in Australia, it’s a good time […]
Minimum Wage Changes from 1/7/23
The Fair Work Commission has just announced its increase to minimum wages which will […]
Tackling Debt Reduction for Business Owners: Charting the Path from Current Reality to Desired Future
As a business owner, you’re constantly navigating through a myriad of challenges and opportunities, […]
Tax Planning for the Next Financial Year: Start Strong with a Comprehensive Strategy
As the end of the financial year approaches, it’s crucial for businesses to start […]
Get Ready for Super Changes coming 1st July 2023
In the lead up to the end of financial year and especially when employers […]
What To Do With Your Profit: Timing Income and Expenses for Tax Efficiency
As a business owner, managing your finances effectively is crucial for long-term success and […]
Addressing the ATO’s Concerns on Cyber Security and Fraud
In recent times, the Australian Taxation Office (ATO) has expressed growing concerns about cyber […]
Why do you need a year end Tax Planning Review?
The end of the financial year can be a stressful time for business as […]
Tackling a Pricing Review During a Period of Rising Inflation
Rising inflation is a challenge that every business owner faces at some point. For […]
Why investment diversification is important for SMSFs
The right mix of investments for an SMSF will depend on very personal factors, […]
5 reasons to outsource your bookkeeping (to us!)
Bookkeeping. It can be the bane of any business owner’s life. Often, when you […]
Business tips: Adding value to your business prior to an exit
Generally speaking, an exit strategy will be put in place years before your planned […]
Financial Implications of separating or getting divorced
The end of a relationship is never easy, but there are steps you can […]
Private Use of Electric cars exempt from FBT
On 29 June 2022, the Government announced a proposal to exempt the private use […]
What’s your business strategy for next year? Where will you focus and why?
We talked to the DFK Everalls Business Advisory Team to discuss what priorities and […]
Do you have crypto in the FTX Crypto Exchange?
FTX was one of the world’s largest crypto exchanges and was highly regarded by […]
Tax Update and the Federal Budget that wasn’t
The Federal Budget announced by the Labour Government on 25th October ended up more […]
How do you stay up to date with new technology?
Having our team attend Xerocon each year is one way we keep them up […]
What’s coming with STP Phase 2, Stage 3?
If your business uses Xero (or any of the other excellent payroll packages available), […]
7 Ways to Distinguish your Business in a Competitive Hiring Environment
With new businesses starting up every day, the hiring environment has become very competitive. […]
Common cyber security scams and how to spot them
Cyber security scams, also known as cyber security threats, are becoming increasingly common as […]
Why do SME businesses need to consider ESG issues?
Why are ESG issues so interrelated with Tax? In an era of ever increasingly […]
Understanding Cyber Security: A quick guide for busy business owners
Recent data shows Australians have lost a total of over $72 million to cyber […]
Leadership in a Hybrid Workplace
The pandemic brought many changes to our lives, but from a business perspective the […]
Optus hack puts all Australia on alert, business included.
Risks from the huge data breach go far beyond the people directly compromised, your […]
Social Engineering Red Flags – What to look out for
Hackers and scammers are getting more sophisticated, gone are the days of the laughable […]
What is Personal Services Income?
Personal services income (PSI) is income received as payment for individual personal efforts and […]
All about Wills and Probate
If a loved one passes away, there are certain steps that may be required […]
Using the Shortcut method for claiming WFH expenses
No doubt for the last 2 years you may have spent some time working […]
2021-2022, the financial year in review
From the Desk of the Managing Director Happy New Financial Year! Yes, we know […]
Key Tax Dates for the first quarter of financial year 2022-2023
Mark your calendars! Below are key dates your business needs to track for the […]
Get ready for super changes from 1 July 2022
As the new financial year approaches, there are changes to who is eligible for super and how much you need to pay.
Removal of the $450 superannuation threshold
Currently, employers don’t have to pay the compulsory Super Guarantee (SG) for particular employees if their […]
ATO Watching Work From Home Deductions Closely
As the ATO is progressing on processing 2021 Tax Returns, they are taking a […]
Staying on top of your cashflow in Volatile Times
One of the biggest challenges for business during volatile times is to maintain and increase cash flow. During these interesting times, it is important to ensure that you are focusing on systems and speed.
2022-2023 Federal Budget Overview
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2022–23 Federal Budget at 7:30pm […]
Staying passive is being active during volatile market conditions
In volatile market conditions, not doing anything at all – staying the course – […]
Geopolitical sell-offs are typically short-lived
In times of heightened market risk and volatility, understanding history can help to maintain […]
How events in Ukraine change our economic views
Higher oil prices resulting from events in Ukraine are likely to trim economic growth […]
How to implement effective succession planning in today’s world
Succession planning is changing. Traditionally, business leaders were so focused on managing their business, […]
STP Phase 2 – What your business needs to know
In the 2019–20 Budget, the Government announced that Single Touch Payroll (STP) would be […]
Super Tax Legislation changes July 2022
Legislation has finally been passed to give effect to several of the key super changes proposed in the 2021 Federal Budget.
5 goal-setting tips for the year to help your business
Wouldn’t it be great to have your best year ever, this year? Whether you […]
Do Your Employees Want to Cash Out Annual Leave? Here’s the lowdown.
Are your staff asking to cash out annual leave? There are some important rules […]
Downsizing your home? Understanding the downsizer contribution
Downsizing the family home is often part of the longer-term financial plans for many […]
An overview of the main residence CGT exemption
Generally, a property, including a taxpayer’s main residence, ie their family home, is considered […]
Should you buy or lease your business assets
There are certain items of equipment, machinery and hardware that are essential to the […]
Choosing the right XERO apps for your business
Software technology has evolved massively in the past decade, with cloud-based apps now fundamental […]
New Stapled Superannuation Funds – what does it mean for business
‘Superannuation stapling’ is a new measure that was introduced as part of a package […]
Five Reasons to Refinance your Home and What to do Next
Refinancing your home means changing your existing loan for a new one. This is […]
Asset Protection: Significant change associated with putting assets in spouse’s name
A common Asset Protection strategy is for “at risk” people to put their family […]
Scams and Identity Theft – How to prevent yourself from falling victim
Identity theft is a type of fraud that involves using someone else’s identity, without […]
Director ID’s – What you need to know
ASIC has recently announced that all current company directors and anyone wanting to become […]
APRA announces tighter lending rules – how will this affect you?
On October 6th, APRA (The Australian Prudential Regulation Authority) announced a tightening of the […]
Wage Theft – what to watch for to avoid being caught out
In 2020, many high profile employers either self-reported instances of underpaying employees or faced […]
How to Maximise your Superannuation Contributions
Superannuation is a very topical conversation at the moment. With people living longer, many […]
3 Tips to Help you Regain Control of Your Business
Business owners often feel like they’re not in control of their business. The number […]
Cryptocurrency Tax in Australia: How to Report Transactions at Tax Time
Have you dived into the world of cryptocurrency exchanges and are wondering about cryptocurrency […]
Estate Planning: How to determine the appropriate ownership structure for your assets.
In regards to management of an estate, one of the more complex areas to […]
COVID19 Support Packages – Update 17/8
The ongoing pandemic and associated lockdowns/restrictions in place is impacting employees and businesses in […]
Lockdown Playbook Update 16/8
What are the key steps your business needs to have in place to come […]
ACT COVID 2021 Update 13/8
The ACT is now in COVID Lockdown too. The Everalls team will be continuing […]
Where to for the lending market in financial year 2021/22?
As we move ever so quickly into the new FY for 2022, there are […]
From the Desk of the MD…
2021, the year in review Happy new financial year! From the whole team here […]
What’s happening with Taxes in the new financial year (2021/22) and beyond?
The 2021/22 Financial Year has started and there are a few changes that you […]
Cryptocurrency and Tax Considerations
Cryptocurrencies, such as Bitcoin, are generally a digital asset or currency which operate independently […]
How COVID19 has changed work related expenses
COVID19 has brought a changed reality to many parts of our daily lives, travel, […]
Payroll Tax: Changes you need to know from July 2021 and beyond
Payroll tax is a State and Territory tax on wages that employers pay employees. […]
Key Tax Dates for the first quarter of financial year 2021-2022
Mark your calendars! Below are key dates your business needs to track for the […]
Superannuation Checklist – EOFY
Is your super sorted for the End of the Financial Year? With the end […]
Buying an Investment Property
Traditional ideas around home ownership link it to success. It’s often why buying an investment property is pretty high up on the wishlist for many people.
So what steps do you need to follow on the path to buying an investment property?
2021–22 Federal Budget Highlights
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget at 7:30 pm (AEST) on 11 May 2021. Unpack what’s in it for you!
Maximising your Super: Our top 10 tips
How are you maximising your super? Most Australians dream of a comfortable retirement free of […]
New Business Assets – Buy or Finance?
Need a new business asset and wondering whether to buy or finance? The team at Everalls Finance have outlined some key points to consider.
SGC and Super contribution caps set to increase from 1 July 2021
From 1 July 2021, the Employer SGC rate has been increased and the maximum […]
What is Comprehensive Credit Reporting (CCR) – And How Can it Affect my Ability to Borrow?
You may have heard – amended laws making Comprehensive Credit Reporting (CCR) mandatory from […]
How COVID-19 will impact your Fringe Benefits Tax (FBT) reporting in 2021
The fringe benefits tax (FBT) year ends on 31 March 2021. However this year, in addition to the normal reporting you need to do at this time of year, you also need to consider what impact COVID-19 may have had on the status of employee benefits this past year.
Business Value Gap – How the Value of Your Business Affects Your Future
The business value gap is the difference between what your business is worth – and the amount you need at the time of its sale. Will you have enough?
Ten Tips to Help Investment Property Owners Avoid Common Tax Mistakes
If you have an investment property you are renting out – it is essential you ensure everything is claimed properly in your tax return.
ASIC Changes to Director Resignation Rules – How Directors can Comply
Are you a company director, planning on resigning?
New requirements have come into place that may affect you.
Preparing Your Business For Sale – How to Maximise Business Value
If you have a shortfall in your business value gap, you should implement these strategies to improve your profit before you sell.
Three Key Factors to an Effective Succession Plan
There are three key factors you need to consider when putting together your succession plan – control, financial life planning and exit options.
How Business Advisory Services Could Help Get You Back on Track in 2021
First things first – well done on surviving 2020. It truly is an achievement. […]
How a Succession Plan Can Protect (and Improve) the Value of Your Business
We’ve all heard the story many times before. Business owner puts in thousands of […]
How Much Will the Bank Lend you? Calculating your Loan to Value Ratio (LVR)
Over the last few years, regulations in the banking industry have been constantly changing. […]
How Reducing Owner Reliance can Improve your business – and your lifestyle!
Do you feel like you’re never able to take time off from your business, […]
2020 Federal Budget Wrap for Businesses
It cannot be emphasised strongly enough – small and medium sized businesses play a […]
Your Guide to Commercial Property Loans
Considering your finance options for a commercial property investment? There is a lot to […]
Broker V Direct Lender – Why Use a Finance Broker?
The last few years have seen many changes in the banking industry. Between the […]
JobKeeper 1.0 finishes on 27 September 2020 – here’s what you need to know about JobKeeper 2.0
The government has recently announced changes to Job Keeper eligibility tests that your business […]
From The Desk of The MD
Right from the outset, I want to acknowledge the efforts of all our clients to cope, whether you are in business, retired, employed, or something else! We see and understand your efforts – and in some cases, your struggles. Your optimism in these extenuating circumstances has been incredible to see. We salute you for your efforts.
Novated Lease V Chattel Mortgage – Which is right for your business?
If your business needs vehicles, one of the first decisions is generally how to finance them.
Novated leasing and chattel mortgages are common ways for Australian businesses to achieve this – as an alternative to purchasing a fleet.
COVID19 Business Impact Insights – A Survey by DFK Australia New Zealand
DFK Australia New Zealand has released the findings from our 2020 COVID19 Survey, in […]
HomeBuilder: What is it and how do you access it?
The Government has announced grants of $25,000 to encourage people to build a new […]
Key Findings of the 2020/21 Bstar SME Report: Businesses Need Someone They Can Trust
In today’s complex economy, new risks are constantly emerging for small and medium sized […]
Business Plan for Recovery – Do you have a Business Strategy for post COVID19?
In the current economic climate, many businesses are in survival mode – focusing on […]
New method for claiming home office expenses during COVID19
During this stressful time, our governments are looking at all sorts of ways to […]
A Changing Economy – What are the Impacts of COVID19 for Landlords?
These are strange times we are living in. Petrol prices are below $1. There […]
The JobKeeper Subsidy – Is your business eligible?
The Government’s $130 billion six-month wage subsidy scheme, aimed at limiting the economic devastation […]
Get your business through COVID19 with a Business Continuity Plan
The Covid-19 pandemic is having a growing impact on global and Australian businesses. Business […]
COVID-19 – The Government’s economic stimulus packages explained – Impact on Superannuation
Over the past two weeks the Government has announced two economic stimulus packages to […]
COVID19 Update on Tax Relief for Individuals
As the COVID19 pandemic escalates, new government measures are being introduced. These will have […]
COVID19 Causing Cash Flow Problems For Your Business? Learn More About Tax Relief Available
The COVID19 situation is changing very quickly and the government is continuing to evaluate […]
The Stimulus Package: What You Need To Know
The Government has announced a $17.6 billion investment package to support the economy as […]
We are open and will stay open!!
The coronavirus (COVID-19) is having a significant impact across Australia. We are taking a […]
Staff Underpayments – Practical Steps for Small Business to Avoid Wage Error
With extensive media coverage over the last couple of months around staff underpayments and […]
Fringe Benefits Tax Hot Spots – How to Ensure you’re Reporting Correctly
With the start of the Fringe Benefits Tax year looming on 1 April, businesses […]
Business Succession Plan – Agreements to Consider
Creating a Business Succession Plan is usually at the bottom of an owners list, […]
The Increasing Spread of Coronavirus – Updated Economic and Investment Market Implications
The past week has seen a renewed escalation in concern that the coronavirus outbreak […]
Bushfire support and assistance
Ten million hectares, lives lost, wildlife on the brink, billions in lost revenue and […]
Alerts to protect SMSFs from fraud
A new system alerting SMSF trustees of changes made to their SMSF will roll […]
CGT and the family home: expats and foreigners excluded from main residence exemption
Legislative changes were made late last year, that exclude non-residents from accessing the main […]
Why you need a Business Strategy – and how a Planning Day can help
Having a strategic plan for your business is great – it’s essential. It helps […]
Superannuation Death Benefit Limitations
As an SMSF trustee, you need to take special care when paying death benefits […]
How to build a Risk Management Plan for your Business
Research has shown that protecting business and family assets is a top priority for […]
Payroll Fraud – How you can safeguard your business
Over the years, payroll systems have increased in sophistication, with exciting new security features. […]
Super Guarantee Amnesty Resurrected
On 18 September 2019, the Government reintroduced legislation to establish a one-off amnesty for […]
Has your business set up Single Touch Payroll? The deadline is approaching
The introduction of Single Touch Payroll (STP) this financial year is a game changer. […]
What is a self managed super fund and how do they work?
Are you wondering what is a Self Managed Super Fund and how they work? Find out about the structure, advantages and considerations.
Changes to the Everalls Team
Here at DFK Everalls, we believe our people are an investment. Our team is […]
Key issues the ATO is checking for with your investment property at tax time
The ATO has declared rental deductions are a top priority in its auditing process […]
Why Should You Create A Succession Plan – Webinar Replay
Creating a Succession Plan is usually at the bottom of a business owners list, […]
How To Master Your Cashflow – Webinar Replay
In this webinar we take an in-depth look at Cash Flow Management Strategies […]
How To Streamline Your Business With The Cloud – Webinar Replay
We appreciate that there are many different business types and industries and know that […]
How To Maximise Your Super – Webinar Replay
One of the most common ways we can grow our Super fund is through […]
How To Maximise Your Profitability – Webinar Replay
When we want to increase the profits in our business, we immediately think of […]
5 Step Super Check
Superannuation does not have to be time consuming or difficult. The ATO has published […]
Increase in Small Business Immediate Asset Write Off
There have been a number of changes to the rates and thresholds for the […]
Profit is not a dirty word!
If you spend any time in the mainstream media world, you’ll see a large […]
Are your profit margins struggling? Here’s how to increase your efficiency
Profit margins are generally an indicator of a company’s pricing policy, and how well […]
The top three concerns for small to medium business (SME) owners
There are many challenges for small and medium business owners. There are a lot […]
Why is strategic business planning still the primary concern for business owners?
A business plan is usually used to initially start a business, obtain funding, or direct operations. A strategic plan is primarily used for more established businesses for implementing and managing their strategic direction. What shape is your’s in?
Does your business continue to “spark joy”
Have you caught the KonMari bug? Now is the perfect time when you are refreshed to review your business at a strategic level and see what is bringing you satisfaction, sustainability and profitability and perhaps what needs to be discarded.
New laws mean no tax deduction for non-compliant payments by business owners
Did you know, a new tax law takes effect from 1 July 2019? It […]
What is inventory accounting and how can it help you save money?
Inventory is the biggest cost facing many businesses. But what is it, exactly? We […]
Doing Business in the UK
What you most need to know about doing business in HongKong. Watch this video now to find out more about Business Structures, the overview of taxes plus the tax treatment of profit, practical issues for business as well as a Case Study and real world examples.
Doing Business in New Zealand
What you most need to know about doing business in HongKong. Watch this video now to find out more about Business Structures, the overview of taxes plus the tax treatment of profit, practical issues for business as well as a Case Study and real world examples.
Do you engage contractors in your business? Know your legal responsibilities
Last week, we looked at an unfair dismissal ruling against Foodora Australia, which has had huge implications for the gig economy.
In light of this, we thought it might be worth going over your legal responsibilities if you engage contractors, and the implications of misclassifying your employees.
Doing Business in Hong Kong
What you most need to know about doing business in HongKong. Watch this video now to find out more about Business Structures, the overview of taxes plus the tax treatment of profit, practical issues for business as well as a Case Study and real world examples.
Doing Business in Singapore
What you most need to know about business in Singapore. Watch this video now to find out more about appropriate Business Structure, Taxes, Practical Issues, People Issues, the Business Environment and Grants and Incentives applicable to you.
Double-check your bookkeeping – do a bank reconciliation
Bank reconciliation is a way to double-check your bookkeeping. You do it by comparing […]
Joshua Klooger v Foodora Australia – How this ruling impacted the gig economy
In November this year, a former Foodora Australia delivery rider, Joshua Klooger, won an unfair dismissal claim, despite a service agreement that classified him as an independent contractor.
This ruling has had huge implications for the gig economy and how employers engage contractors.
What are KPIs – and how do they measure the success of your business?
How do you measure the success of your business? How do you find out […]
Thinking of buying a franchise? Here are some things to consider
Franchises are built on proven concepts, with market-tested products, and they often come with […]
Get paid sooner! How to simplify construction invoices
Sick of spending all your spare time creating invoices? Let’s help you get your […]
Self Managed Super Fund: Is it right for you?
You have worked hard for your money and you want to make sure that now it works just as hard for you. Everyone wants to maximise their retirement benefits but is putting your superannuation monies in a Self Managed Super Fund (SMSF) right for you?
So you have a will – but have you considered all of your assets?
Having loan accounts in business structures can have unintended consequences. Particularly where wills are concerned.
Tax Incentives for Early Stage Innovation Companies (ESICs) – how it can benefit you.
The introduction of the tax incentives in July 2016 for investors in ESICs makes this type of investment tantalizingly more attractive than ever before. The tax incentives provide eligible investors who purchase new shares in an ESIC with two tax incentives
Three reasons why accounting and marketing go hand-in-hand
Marketing is not solely promoting a product or service, creatively communicating your brand or looking after your customers. It is a mixture of everything your business stands for and how it operates, and a big part of that is your numbers.
Helping small business through the succession planning process
There’s a lot to preparing a business for a new owner. Too many businesses do just one of them – offer their business for sale.
7 ways invoice financing can help cash flow
Is cashflow keeping you awake at night? Only about half of Australian small businesses are cash flow positive in any given month.
Is there super on that?
Superannuation Guarantee (SG) contributions are the minimum superannuation that you are required to pay on behalf of your employees. The current rate is 9.5% of ordinary time earnings (OTE) but what does that mean exactly?
5 things I wish I knew before buying a business!
Find out how to avoid the pitfalls when you buy your first or next business.
Give your Super a boost – with a “Downsizer contribution”
If you are aged 65 or over you can make a super contribution of up to $300,000 from the proceeds of selling your main residence in Australia.
How to protect your business from payment fraud
Does your business pay bills using cheques? Do you send out printed invoices? You […]
Should you be thinking about a Testamentary Trust?
A Testamentary Trust is good for people who have children under the age of 18 as the distributions the child receives from a Testamentary Trust are taxed as if they were adults.
Which business structure is right for my business?
When setting up or buying a business there are a number of business structures you can use to operate the business in. Here are some of the most common structures used in Australia.
Taxation of an Estate
When a family member passes away, the executor of the estate is tasked with the administration of the estate in an efficient and respectful manner, but at the same time needs to be aware of the tax consequences of when and how assets and income are distributed, as it can be costly to the beneficiaries.
Residential rental property changes to travel costs and depreciation.
Residential rental property changes to travel costs and depreciation. How does it affect property investors?
Have you ever felt like your business makes plenty of profit – but there is never any cash in the bank?
We found this to be quite a common issue in business
Why discounting is a dirty word!
Planning your next Sale – discounting might not be your best strategy to boost revenue! – here is why
Why you need a business budget!
A good business budget allows you to plan for business events that will affect your business’s performance over the forecast period.
This year I really want to grow my business
If this was your New Year’s resolution – it’s probably time for a business growth budget!
How good is your marketing? – Your accountant can help you to find out!
How successful the marketing of your product or service is, has a great deal to do with how your business operates and what it stands for, and your numbers can tell you a lot about it.
Save time and money with retail management software
Retailers work really hard to avoid overspending on inventory and staff. The sums can […]
Got outstanding invoices? Here’s eight things you can do to get paid
It would be nice if you could send an invoice, then sit back and […]
Get paid faster, focus on your Accounts Receivable process
There are many ways to get into business, but only one way to stay […]
Cash vs Accrual Accounting – What’s the difference?
You’ve heard people talk about cash versus accrual accounting, but what is it all […]
What is invoice financing and how can it help your cash flow?
Cash-strapped businesses have trouble finding working capital, and they generally don’t want to take […]
Choosing an inventory valuation method for your business
First, let’s discuss the basics of inventory accounting. To correctly account for inventory, you […]
Cloud accounting packages – are they safe?
When talking with business owners about cloud accounting packages, we often get questions like […]
Single Touch Payroll (STP) – what is it?
How many employees do you have? The first thing employers have to do is […]
My business is profitable – but I struggle to pay my bills – Why?!
What’s the difference between profit and cash flow? Profit is simply your business revenue […]