Did you know, if you have a Self Managed Super Fund (SMSF)
you must appoint an approved SMSF auditor to audit your fund each year, not later than 45 days before you need to lodge your SMSF annual return. And,
an audit is required even if no contributions or payments are made in the financial […]
If you volunteer or work in a Not for Profit organisation we know you and your organisation work very hard supporting our community.
We also know it can be a stressful time when the person who administers your organisation and/or its tax affairs changes. When office bearers change a lot of information needs to be communicated […]
We recently came across a calculating tool for people moving from a salary to freelancing or contracting for the first time … just enter your ideal gross annual salary and it calculates your day rate and hourly rate. It shows you how it calculated these figures – you may wish to check these calculations with […]
Resilience in business, as in life, is a key contributor to your success. We understand more than most businesses the impact external events can have on your business and the mindset needed to bounce back, identify solutions and execute a plan to move forward. In October last year a fire ripped through a nearby premises […]
Has your ABN been cancelled? Confused about whether you’re entitled to an ABN?
If your ABN is cancelled the impact on your business and income can be significant and distressing. This is a hot topic right now for sole traders and contractors and businesses in Australia –
There is no automatic entitlement to an ABN. To be entitled to […]
What is the difference between a Founder of a ‘start-up’ and someone who has just started a small business? Nil. Zip. Nothing. There is NO difference. It’s just that ‘start-ups’ and ‘founders’ sound sexier than ‘small business’ and ‘owners’. It’s just the latest lingo for a lot of sweat and hard work, vision and grit. […]
This downloadable checklist is worth its weight in gold! It will save you time and allow your tax agent to have all the information they need to understand your specific circumstances and prepare your tax return accordingly.
It also prompts you now, before the end of the financial year, to think about what tax deductible expenses […]
Have you heard the term Self-managed super funds or SMSFs and wondered what it’s all about?
SMSFs are a way of saving for your retirement.
The difference between an SMSF and other types of funds is that the members of an SMSF are usually also the trustees. This means the members of the SMSF run it for […]