Latest News

RBA Interest Rate Announcement 7th June 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points. Inflation in Australia has increased significantly. While inflation is […]

Business tips: Getting in control of your spending

A few simple steps can help to cut down your business expenses. We’ll help you spot the areas where costs can be cut and use the latest tech to manage the numbers. Keeping the business in a positive cashflow position is vital. But you can only do this if your cash inflows (sales revenues and […]

Tax Tips for Individuals 2022

Are you making the most of allowable tax deductions? Individuals can claim for general work-related expenses as well as occupation-specific expenses and working from home. Book a time to prepare for your 2022 tax. We’ll help maximise your return. Although your tax return is not due for a few months yet, the end of the […]

Tax Tips for Property Investors 2022

Are you making the most out of your investment property? Getting the income and allowable tax deductions right can be complex. We’ll help sort out the details so you’re claiming all you can. Talk to us today to maximise your 2022 tax return. If you have income from investment properties, now is the time to […]

Tax tips for self-managed superannuation funds 2022

Are you spending too much time on SMSF management? It’s not easy to get all the details right, especially if your fund has changed operations over time. Contact us about managing your SMSF investments, assets, compliance, administration, and reporting. Having a self-managed superannuation fund (SMSF) gives you control and flexibility over how you make investments […]

RBA Interest Rate Announcement 3rd May 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 25 basis points to 35 basis points. The Board judged that now was the right time to begin withdrawing some of the extraordinary monetary support that was put in place to help the Australian […]

Preparing for 30 June – Super Reminder

With the end of the financial year fast approaching, we’d like to remind you about some potential opportunities for super contributions. There are a number of strategies that may be of benefit in the lead up to 30 June: Co-contributions: Individuals who are working and have Assessable Income + Reportable Fringe Benefits & Reportable Employer […]

Important tax dates and obligations Q4 2022

Key tax & lodgement dates for the April – June quarter 2022 21 April Lodge and pay March 2022 monthly business activity statement. 28 April Lodge and pay March 2022 quarterly business activity statement if electing to receive and lodge by paper and not an active STP reporter. Make super guarantee contributions for the March […]

How an accountant supports your business development

As your accountant, we won’t just look after the financial side of your business, we can also advise you on the strategic side of your company, including the importance of business development as vital part of your growth plan. Business development (BD) is what helps your company move from slow, organic growth to fast-paced, hypergrowth. […]

New Family Trust Tax Rules – Will the Changes Impact You?

If your trust pays adult-child beneficiaries, then you’ll need to know how the new ATO tax guidance rules could alter your beneficiary arrangements. The proposed changes won’t affect every small business operating through a trust arrangement, but it’s important to check that existing provisions meet the new requirements. The ATO has released several related documents […]

5 things to update when you a get a new job

A new job is an exciting time that offers new opportunities. From Medicare to investments here are 5 things you should be on top of when you land your next role. The Australian Bureau of Statistics reported over 1 million Australians were out of work in July 2020, when unemployment during the pandemic was at […]

Quarterly economic update: January – March 2022

Robust domestic economic growth Australia is rebounding from the pandemic, with domestic economic growth forecast to reach 3.5 per cent this financial year. Some analysts predict it might be even stronger, possibly reaching as high as 4 per cent. Driven by Government spending Much of this is due to the lingering impact of the Federal […]

Super Guarantee rate increases to 10.5%

With the new financial year fast approaching, it’s worth noting the legislated increase to the Superannuation Guarantee (SG) contribution rate effective 1 July 2022. As per the table below, next financial year the SG rate will increase to 10.5%, on its path to 12% by July 2025. Super Guarantee (SG) rate Income Year Legislated Rate […]

The Risk of Losing your Home

As house prices spiral ever higher and interest rates test record lows, it has never been easier for anyone to borrow too much when buying a home and then suddenly find themselves struggling to meet the repayments. And the number of Australians in this situation is growing. Research by the University of NSW suggests the […]

10 tips to prepare for Retirement

Looking forward to an enjoyable retirement? Check out our top 10 tips to make sure you’re on track. Tip 1: Take stock How do you want to live in retirement? How much will it cost? Do the numbers. Now, what does your super balance look like? Do the figures meet your expectations? If not, what […]