North Advisory Accountancy Blog

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.

Have you thought much about your future? Do you already have a secure financial plan in place that will allow you to retire comfortably and live the life you’ve dreamed? We’ve put together a list of tips that can help you start building your wealth.
By making small changes and developing new habits you can make a massive difference to your financial position in years to come.

Should you be a sole trader or set up a company? Structuring your business effectively from the get-go could give you the best tax outcome and save you plenty of hassle come tax time. But a lot of new small business owners don’t always get it right. It’s important to understand the differences in tax obligations and reporting as a sole trader or as a company.

No matter how young or how old you are, you can benefit from professional advice when it comes to managing your wealth and finances. Making smart financial decisions at any age, will help create success for your future self.

It’s a question that keeps many Australian homeowners up at night. Whilst the idea of paying down your mortgage seems tempting to bringing financial security, investing extra money could be a smarter option to building your wealth in the long run.

If your business currently receives JobKeeper, your arrangements will generally remain unchanged until 27 September 2020. From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility.

There’s no doubt tax time can feel like a time-consuming hassle for those running their own business. Here are seven essential tax tips every small business owner, self-employed or sole trader needs to know this EOFY.

Thousands of Australians changed their working arrangements this year. With this significant shift of people to their home office, the ATO recognised the need to introduce a simple method of calculation for work expenses.

The end of the financial year is an excellent time to review your superannuation. With just over a month left until the 30 June deadline for the 2019/20 financial year, we have some beneficial superannuation taxation strategies for you to consider.

Information is power. If you have the right information about your business – your cash flow, your shortfalls, your revenue, your employees – then you have the capability to make changes for the better, at the right time. That’s the power of real-time business accounting.