Wills & Powers of Attorney

If you’re considering estate planning, you’ve probably encountered the terms Powers of Attorney and Wills. In this blog post, we explore in-depth information about these two aspects to enhance your understanding in this area. Powers of attorney In your life, there may be a time where you are faced with an event – such as […]

The importance of Estate Planning

Constructing an estate plan is crucial to ensure that your financial assets are directed as you wish to benefit your loved ones following your passing, in the way you want, and at the right time. An estate plan is a legal guide outlining how you’d like your assets to be dealt with when you pass […]

The issue with accountants writing bank letters

When applying for a loan, a bank will use different ways to verify the income of a borrower. With the continued uncertainty of COVID and the desire of many lending institutions to “shift” the credit risk away from the lender, we are seeing more and more situations where Accountants are being asked to provide letters […]

Why paying superannuation on time for your employees is crucial

As a business owner, one of your primary responsibilities is to ensure that your employees are taken care of. This includes paying them a fair wage and providing them with benefits like superannuation. Superannuation is a retirement savings plan that is mandatory for businesses to provide for their employees in Australia. It is a way […]

News Alert: ATO cracking down on those dodging the FBT

The Australian Tax Office (ATO) is intensifying its efforts to crack down on businesses that are not correctly paying Fringe Benefits Tax for vehicles provided to their employees. Offering dual cab utes to workers can lead to substantial annual savings for businesses, as they are exempt from fringe benefits tax. However, this tax exemption is […]

Mastering Cash Flow Management: A Guide for Business Owners

In the world of business, effective cash flow management is a crucial factor that can make or break a company’s success. As an accounting firm dedicated to helping businesses thrive, we understand the significance of sound cash flow practices. In this blog post, we’ll dive into the essentials of cash flow management and provide actionable […]

How to increase your customers

Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. One of the key areas you can focus on, is how to increase your customers. In today’s blog we will take you through 2 key ways on how to do […]

Understanding the Requirement to Lodge a TPAR with the ATO

The Taxable Payments Annual Report (TPAR) is a crucial regulatory requirement in that businesses must comply with to ensure transparency and accountability in the payment of certain services. It is a comprehensive report that aids the Australian Taxation Office (ATO) in monitoring and controlling the cash economy. In this article, we will delve into the […]

5 Key Changes from 1 July 2023

Discover the latest updates in the financial realm as we unveil the five crucial changes taking effect from 1 July 2023.  1. The Superannuation Guarantee Rate increases from 1 July from 10.5% to 11%. This means that as an employer you are required to put a higher amount into your employee’s Super Fund each quarter. […]