Accounting Insights

Why business owners should pay themselves a salary

Most business owners are always focused on one thing… business growth. Investing time and energy into creating a truly...

Understanding why start-ups fail

Start-ups can be an exciting endeavour, but they can also fail for a multitude of reasons. Some of the...

The JobMaker Hiring Credit

JobMaker is a credit available to eligible businesses and non-profit entities that create new jobs (not if you are...

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Managing cash flow in your small business

Posted February 8, 2021 by North Advisory

Are you managing your cash flow effectively? It’s a question that many small businesses are failing to ask themselves. Keeping on top of the money flowing into and out of your business will allow you to make better business decisions and give you more peace of mind.

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Quantitative easing and the Australian economy

Posted December 14, 2020 by North Advisory

You’ve probably heard the term being used quite a bit recently… ‘quantitative easing’ has been a hot topic in financial news reports since the impact of the global pandemic was felt earlier this year. Historically, central banks from many different countries around the world have employed quantitative easing as a tool to stimulate economies after instability.

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Fringe Benefits Tax and the holiday season

Posted December 10, 2020 by North Advisory

The 2020 festive season is upon us! We are decking the halls and merrily singing carols to lift our spirits after a challenging year. For many businesses, Christmas parties are on the calendar and staff gifts are on order. With the giving underway, it’s important to monitor how much is being spent, to make sure you minimise your FBT obligations.

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What to know before buying a business

Posted November 25, 2020 by North Advisory

As business accountants, we regularly meet Australians who are interested in buying an existing business. This type of business ownership can be both exhilarating… and daunting. Before you plunge into buying a business, here are some questions you should ask.

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Why you should know your business value

Posted October 26, 2020 by North Advisory

Valuing a business is more than just the dollars in the bank… it includes all your physical assets and intangible elements such as customer loyalty and brand recognition.
These all have significant worth and must be taken into account when determining business valuation.

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Federal Budget review 2020-21

Posted October 8, 2020 by North Advisory

The Treasurer, Josh Frydenberg, delivered the Federal Budget on 6 October 2020. Originally postponed from May 2020 due to the coronavirus pandemic, this Budget has been highly anticipated and here we have a review of its inclusions.

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Tax benefits for investment property owners

Posted September 24, 2020 by North Advisory

Investing in property is a popular wealth management strategy for many Australians… and with good reason. Property offers some unique tax benefits that you don’t receive with other types of investments.
Implementing a plan to make sure you access all applicable tax deductions should be one of the first actions you take after contracts are signed.

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