North Advisory Accountancy Blog
When can I access my super?Posted January 19, 2021 by North Advisory
Your ability to access your super is generally based on your age, but there are certain conditions that need to be met to make sure you don’t end up on the wrong side of the ATO. There are definitely tax benefits when your super moves into retirement phase, however there are still regulations around how you access it.READ MORE
Quantitative easing and the Australian economyPosted 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.READ MORE
Fringe Benefits Tax and the holiday seasonPosted 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.READ MORE
How women can maximise their superannuationPosted November 25, 2020 by North Advisory
It’s no secret that women retire with less super on average than men. In fact, more than 80% of women are currently retiring with insufficient superannuation savings to fund a comfortable lifestyle. It’s vital that women take simple, but concrete steps to help maximise their superannuation.READ MORE
What to know before buying a businessPosted 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.READ MORE
Why you should know your business valuePosted 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.
It’s never too early to start estate planningPosted October 22, 2020 by North Advisory
It’s never too early to plan your estate, because you never know what could happen tomorrow. Regardless of your age, it is worthwhile having a formal plan in place to make sure assets are distributed according to your wishes.READ MORE
Federal Budget review 2020-21Posted 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.READ MORE
Tax benefits for investment property ownersPosted 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.
JobKeeper 2.0 from 28 September 2020Posted September 23, 2020 by North Advisory
From 28 September 2020, the eligibility tests to access JobKeeper for employers will change, as will the amount of the JobKeeper payment for employees and business participants.
Eligibility for one JobKeeper period does not entitle you to, or exclude you from, payments in another period. Each eligibility period is addressed separately.