Accounting & Wealth Insights

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.

When you start a business, you have a vision… you have dreams about where you want to be and what you want to achieve. Being proactive and developing a formal business succession plan is critical to make sure your hard work continues to be fruitful for years to come.

When choosing the best structure for your business it’s important that you consider what might happen in the future. If you want to build a business that you can pass down to other members of your family then a family trust structure could provide you with an ideal tax-effective, long-term solution.

Many business owners seek the services of a professional business accountant to help them with compliance. Of course, they can complete your quarterly business activity statements and file your annual tax return… but there is so much more that a good accountant can offer you.

The Fair Work Act 2009 was amended on Friday 26 March 2021. The amendments include changes to workplace rights and obligations for casual employees These changes were made by the Fair Work Amendment Act 2021.

Changes from 1 July 2021 will impact how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.