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

Great opportunity or am I getting ripped off?

Today’s blog started with a message on my phone at about 8:15pm on a Tuesday from a friend via Facebook Messenger, “Hi Rohan, just wondering if you have heard of…”. After a quick Google I came up with the results of a Gold Coast based advisory business. Initial alarm bells went off and I fired […] Read More

Can You Keep Your Cool in a Falling Stock Market?

It seemed timely that I recently read another excellent article by Bruce Jackson (formerly of the Motley Fool but now from The Capital Club) in relation to falling and volatile stock markets.  This article was written on October 12 2018. In the last few weeks, world markets have experienced some wild swings which naturally tests […] Read More

Updating your accounting software

There are a few common questions I’ve been asked lately like ‘do I have to update my software?’, ‘what should I update to’? and ‘What do you recommend?’ I wish there was a solution that fit everyone and I could give a simple answer however that isn’t the case. There are many software solutions out […] Read More

Never too early for tax planning

The last few months of the financial year see most people turning their business eye towards their tax planning. However, it is never too early to consider tax planning, even now over nine months from financial year end. The following items came about from a recent discussion with a client concerned about what the year […] Read More

FISH!

FISH! You may ask what the #!$@ do fish have to do with an accounting firm? Fish is in fact the name of a best selling business book – by Stephen C Lundin Ph.D, Harry Paul and John Christensen – a powerful parable that will help you love the work you do – even if […] Read More

Main residence and non residents

Watch out if you own a house and plan to leave Australia and become a Non Resident! There are proposed new laws before Parliament that make a Non Resident who sells their previous main residence in Australia fully subject to Capital Gains Tax, even if they lived in it for many years. Example:  You bought […] Read More