Is ‘downsizing’ worth it?

2023-06-21T10:43:04+10:0021st June 2023|Accounting, Advisory|

Author: Shaun Allen

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation.

Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs.


How to sell your business

2022-09-28T21:10:49+10:0028th September 2022|Accounting, Advisory, Taxation|

We’re often asked the best way to sell a business.

There are two key components at play in the sale of a business: structuring the transaction; and positioning the business to the market. Both elements are important and can significantly impact your result.

Structuring the transaction covers areas such as pricing the business, the

The new Lifetime Director IDs

2022-05-08T19:00:47+10:008th May 2022|Advisory, News|

Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.

ASIC does not currently verify the identity of directors and Elvis Presley and Bob Marley could “quite possibly” be registered. Or at least

Are your contractors really employees?

2022-05-08T19:00:00+10:008th May 2022|Accounting, Advisory, News, Taxation|

Landmark cases before the High Court highlight the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes.

Many business owners assume that if they hire independent contractors they will not be responsible for PAYG withholding, superannuation guarantee, payroll tax and workers compensation obligations. However, each

Can you use prepayments to your advantage?

2021-06-21T17:01:38+10:0021st June 2021|Accounting, Advisory, News, Taxation|

Are you ready for the end of the financial year?

The 2021 end financial year is just around the corner, have you contact us yet to see how we can help you?

In this episode, Ryan Sheppard discusses closing your books in relation to end of year prepayments.

So, what are prepayments?

Watch episode 5 now

How can major assets save you tax?

2021-05-30T14:18:22+10:0030th May 2021|Accounting, Advisory, Taxation|

Are you ready for the end of the financial year? As accountants, we’re in the business of helping people so we decided to develop a series of videos to discuss strategies you can use to finish the 2021 financial on a high.

In this episode, Ryan Sheppard discusses major asset purchases, such as

New laws simplify insolvency for small businesses

2021-04-06T14:37:30+10:006th April 2021|Accounting, Advisory, News, Taxation|

On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.

Drawing on key features of the Chapter 11 bankruptcy model in the United States, the new system aims to speed up the insolvency process, reduce costs and where possible, restructure