Advantages of Forecasting

Financial forecasts are future predictions of your business finances, as compared to statements, which provide details of actual results of progress, They can assist in managing your finances. The following are five ways forecasting can help your business: Focus on the Future By forecasting on a regular basis, it forces you to continually think about […] Read More

The search is over – MYOB have made AccountRight improvements

MYOB have made some vital improvements to their AccountRight software packages over the past few months. There is one particular improvement that I think a lot of AR users will find extremely beneficial, and is definitely blog worthy because this MYOB discovery made me oh so happy I think I jumped out of my chair […] Read More

Estate Planning & Superannuation – Who do you NEED in control of your SMSF?

We have written many articles and presented several sessions at our client seminars on these issues over the last few years to demonstrate the complexity involved with getting older, incapacity and death of members in an SMSF. A case in the Supreme Court of Queensland last year (Narumon Pty Ltd as trustee for John Giles […] Read More

ATO Scam Warnings

After a run of phone calls from clients who have received text messages from the Tax Office, I thought it was a timely reminder of what to keep an eye out for to keep yourself safe from scammers. The Tax Office are using electronic communications more and more to communicate with clients about upcoming lodgements, […] Read More

Superannuation Planning – What is happening / What might happen??

Peter Cramer, Kerry Schultz and myself recently attended the SMSF Association National Conference in Melbourne. We spent some time reviewing the status of a couple of policy announcements from last year’s budget as well as reviewing some of Labor’s proposals for superannuation should they win Government.  I will provide some commentary on these below: Previous […] Read More

HECS-HELP debt and repayments

If you’ve recently finished your University degree and you are now finding yourself out in the big wide working world, I strongly urge you to read this blog! If you’re like me and you’ve spent 3, 4 or 5 years slogging it out at University and you hear the words “HECS debt” it might make […] Read More

How will a Labor victory affect your SMSF? A possible plan….

I have recently read an Australian Financial Review opinion piece from John Maroney, the CEO of the SMSF Association, Australia’s premier independent professional body representing the Self-Managed Superannuation Fund (SMSF) industry. The article details how key Labor policies, if elected, will have an impact on SMSFs.  Below I have extracted important pieces from the article. […] Read More

Goal Setting

As we get closer to the end of another year and the beginning of a new year, we all tend to set ourselves goals for the forthcoming year. It is interesting that research shows that happiness is strongly linked to success. So it goes to say that once successful you will become happy and content. […] Read More

Farm Household Allowance Changes

Guest post by: Patrick White There have been several significant changes to the farming Centrelink support payment, Farm Household Allowance, which, considering the current seasonal conditions, is important to be aware of to ensure that farmers can potentially receive full advantage of the payment that is available. Firstly, in July 2018 a farmer’s ability to receive […] Read More

New Long Service Leave Rules

The Long Service Leave Act 2018 (Victoria) came into effect on 1 November 2018. It brings some important changes that employers need to be aware of: 1. Entitlement to LSL Previously employees were entitled to LSL after 10 years of continuous service with one employer. Entitlement to take LSL is now down to 7 years. If […] Read More