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    North Advisory Accountancy Blog

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    Business succession planning

    Posted June 4, 2021 by North Advisory

    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.

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    Family trust business structure

    Posted May 6, 2021 by North Advisory

    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.

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    Is your accountant your business advisor?

    Posted May 3, 2021 by North Advisory

    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.

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    Changes to casual employment

    Posted April 28, 2021 by North Advisory

    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.

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    The 1 July 2021 superannuation changes

    Posted April 13, 2021 by North Advisory

    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.

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    Why business owners should pay themselves a salary

    Posted April 7, 2021 by North Advisory

    Most business owners are always focused on one thing… business growth. Investing time and energy into creating a truly successful venture can be all-consuming and often they spend countless hours doing lots of work, but not receive a proper pay-packet.

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    Financial considerations for the sandwich generation

    Posted March 30, 2021 by North Advisory

    It’s quite possible that you’ve never heard of the term ‘the sandwich generation’ but it is the name given to an ever-increasing group of Australians. A group that you might well be a part of! As our population ages, more and more people find themselves providing support for their ageing parents while also caring for dependent children.

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    SMSF – is it right for you?

    Posted March 2, 2021 by North Advisory

    For many people, an SMSF is a great way to take control of their retirement savings, especially if they have the time and capability to oversee the fund’s management. But there are considerations that need to be taken into account when you are thinking about setting one up for yourself.

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    Understanding why start-ups fail

    Posted February 24, 2021 by North Advisory

    Start-ups can be an exciting endeavour, but they can also fail for a multitude of reasons. Some of the most common reasons why start-ups fail include no market need, running out of cash, not having the right team and getting outcompeted.

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    The JobMaker Hiring Credit

    Posted February 11, 2021 by North Advisory

    JobMaker is a credit available to eligible businesses and non-profit entities that create new jobs (not if you are merely replacing someone who left). The hiring credit is available for jobs created from 7 October 2020 until 6 October 2021

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