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    North Advisory Accountancy Blog

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    CGT concessions and super contributions

    Posted April 28, 2022 by North Advisory

    Did you know that there are significant capital gains tax (CGT) concessions available to business owners? We can provide guidance on the most tax effective strategy when you want to sell your business.

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    The importance of estate planning

    Posted April 20, 2022 by North Advisory

    Nobody likes to think about the inevitable. Talking to family and friends about your own death is not high on your conversation list. But estate planning is important. Taking the time to make clear arrangements will provide both you and your loved ones peace of mind.

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    Federal Budget review 2022-23

    Posted March 30, 2022 by North Advisory

    The Treasurer, Josh Frydenberg, delivered the Federal Budget on Tuesday 29 March 2022. We have outlined information that is relevant to you, your superannuation and business and employers.

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    How to be prepared for a business tax audit

    Posted March 29, 2022 by North Advisory

    Business tax audit… three words that have the ability to strike fear into the hearts of business owners everywhere. Having the ATO go through your accounts is a daunting thought, and even if you have been operating your business for decades, it can still make you nervous.

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    How to protect your finances during separation

    Posted March 7, 2022 by North Advisory

    Break-ups are hard. When a relationship ends it can be filled with turmoil, and the separation process is often messy. While it can be a highly emotional time, it’s crucial that you don’t relinquish your own financial security.

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    Do you understand the super bring-forward rule?

    Posted February 14, 2022 by North Advisory

    Have you heard of the super bring-forward rule? There was a lot of discussion about it last year because from 1 July 2021 more Australians became eligible to access its benefits. We take a closer look at the rule and how you can utilise it in your superannuation strategy.

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    Considerations when buying business assets

    Posted February 1, 2022 by North Advisory

    Every business owner will reach a time when they have to think about buying business assets. Perhaps they need a fleet of laptops for their sales team, or maybe new company vehicles… or it could even be purchasing a commercial property.

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    SMSF commercial property investments

    Posted November 2, 2021 by North Advisory

    Did you know that the maximum number of members allowed in a self-managed super fund (SMSF) recently increased from four to six? While it’s not expected that there will be a sudden increase in the number of SMSFs, it does provide new opportunities and more flexibility.

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    What you need to consider when hiring employees

    Posted October 13, 2021 by North Advisory

    It’s great to have a growing business. But what happens when you have grown so much that you realise you can’t do it all on your own? There comes a time when you might have to think about hiring employees. And when that happens, do you know where to start?

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    Do you need a bookkeeper?

    Posted September 30, 2021 by North Advisory

    As a business owner there are often many tasks you manage that aren’t directly focused on growing your business. We look at what a bookkeeper can do and help you decide whether it might be a useful service… or if it’s an easy job to keep in-house.

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