North Advisory Accountancy Blog

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.

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.

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.

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.

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.

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

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.

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.

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.