What will the Australian community look like in 40 years? We look at the key takeaways from the Intergenerational Report. The 2023 Intergenerational Report (IGR) is a crystal ball insight into what we can expect Australian society to look like in 40 years and the needs of the community as we grow and evolve. It …
Running a small business can be both exciting and challenging. As a small business owner, you’re not just the mastermind behind your product or service; you’re also responsible for managing finances, handling taxes, and ensuring compliance with various regulations. While accounting may not be the most glamorous aspect of entrepreneurship, it plays a crucial role …
Financial planning makes sense for individuals and businesses for several key reasons. If you’re looking for a financial advisor in Melbourne to help you with your financial planning needs, here are some of the important reasons why financial planning is essential: 1. Goal Setting: Financial planning helps individuals and businesses set clear financial goals. Whether …
In the dynamic and rapidly evolving landscape of online commerce, maintaining a firm grasp on your business finances is paramount. A key player in this realm is the business accountant, whose expertise ensures that your online enterprise remains financially healthy and compliant. In this article, we’ll delve into the essential accounting practices that can empower …
What Are the Best Accounting Practices for Your Online Business? Read More »
CHAPTER 1: Understanding Family Trusts and Their Benefits In this chapter, we’ll delve into the fundamental concepts of family trusts and explore their advantages for business owners. We’ll also highlight how a business accountant in Melbourne can play a pivotal role in structuring and managing a family trust for optimal results. CHAPTER 2: The Role …
Family Trusts: What You Need to Know for Effective Business Planning Read More »
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications. Many small-scale developers often assume that their tax exposure is minimal – but this is not always the case …
Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions Read More »
What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners. When it comes to generational succession of a family business, there are a few important aspects: Succession of the …
Succession: What does it take to hand your business to the next generation? Read More »
The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with personal income tax including taxes on capital gains representing 40% of revenue compared …
Running a small business comes with a myriad of responsibilities, and managing your finances is undoubtedly one of the most critical aspects. While you might be a pro at your core business operations, navigating the complexities of accounting and taxes can be daunting. This is where a skilled and reliable business accountant can step in …
Finding the Right Business Accountant for Your Small Business Read More »
When it comes to managing your investments and business ventures in Australia, understanding and minimizing Capital Gains Tax (CGT) can significantly impact your financial gains. CGT is levied on the profit you make from selling an asset, such as property, shares, or business assets. However, with the right strategies and guidance from a knowledgeable business …
