Accounting & Wealth Insights

It’s a question many business owners have to ask themselves… should you run the business as a sole trader or move to a company structure? We often help our clients make this decision and during the process we highlight some key points for them to consider.

Providing care for clients is always the primary focus but it’s important that a psychologist also manages the financial aspect of their services. We are specialised accountants for psychologists. We understand your unique financial requirements and have years of experience working with health professionals.

Have you taken the time to review your annual superannuation statement yet? At the end of the financial year super funds provide you with this important information and it gives you the perfect opportunity to perform a quick super health check.

One of the most laborious tasks for any small to medium sized business owner is managing the accounts. But by embracing modern accounting processes you can alleviate some of the stress related to managing your business finances.

If your business has been adversely impacted by the recent lockdown in NSW, support is coming. The NSW and Federal Governments have announced a series of new measures to support business during extended lockdowns of four weeks or more.

We take a closer look at the super guarantee. We review eligibility guidelines and outline how the amount is calculated and contributed to a super account. We also highlight the specific details of changes so that you can have the most up to date information.

With 30 June looming it’s time to start getting your business accounting prepared for the end of the financial year. We know that for many businesses it’s been a challenging twelve months but it’s important that you don’t miss out on tax minimisation opportunities. You want to make sure you take advantage of as many deductions as possible.