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North Advisory Accountancy Blog

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Making the most of small business capital gains tax concessions

Posted October 21, 2019 by North Advisory

As a small business owner it’s important that you understand the capital gains tax (CGT) concessions available from the government. Martin van der Saag, North Advisory Founder and Strategic Advisor, discusses the different types of concessions available and how we can help maximise your eligibility.

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It’s time to diversify

Posted October 14, 2019 by North Advisory

As part of our personal wealth management services we can help you make the most of your savings or your current investments.
Diversification is all about spreading the risk of your investments across a range of different asset classes to create a well-balanced portfolio. We don’t want to put all your ‘financial’ eggs in one basket!

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The importance of your business structure

Posted September 17, 2019 by North Advisory

Determining the correct structure for your business is one of the most important processes you can undertake. It’s crucial that you select the most appropriate structure for your circumstance. We can provide you with guidance and help you set up your business so that it can truly succeed.

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How North Advisory helped a start-up succeed

Posted September 11, 2019 by North Advisory

Rebecca Spencer founded Becscomm in 2017 and made the decision to engage the services of North Advisory right from the start. This has enabled Rebecca to grow her business and feel confident that she has a professional team focused on the financial side of Becscomm.

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Uber travel expenses not FBT-exempt

Posted July 29, 2019 by North Advisory

The ATO has clarified that any benefit arising from travel by taxi, and not a ride-sourcing service, by an employee is exempt from fringe benefits…

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Personal income tax cuts now law

Posted July 8, 2019 by North Advisory

The Bill containing the three-stage personal income tax cuts package completed passage through parliament and is now law. The Treasury Laws Amendment (Tax Relief So Working…

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On 1 July 2019 your insurance cover may be changing!

Posted June 6, 2019 by North Advisory

In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a…

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ATO to target false laundry claims this Tax Time

Posted June 4, 2019 by North Advisory

The ATO will take strong actions against false clothing and laundry work-related expense claims this Tax Time. Assistant Commissioner Karen Foat said although many Australians…

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2018/19 tax changes for small businesses

Posted June 3, 2019 by North Advisory

Company tax cuts For 2018/19 income year, companies with an annual aggregated turnover under $50m will have a reduced tax rate of 27.5%. To be…

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Tax changes for 2018/19 for individuals

Posted June 3, 2019 by North Advisory

Change for low income tax offset and LAMITO A low and middle income tax offset (LAMITO) was introduced on 1 July 2018. The offset will…

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