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    North Advisory Accountancy Blog

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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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    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.

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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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    How women can maximise their superannuation

    Posted 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.

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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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    It’s never too early to start estate planning

    Posted 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.

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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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