News

Millions of Australians are now using the “sharing” economy to earn some extra money on the side. Thanks to smartphones and user-friendly apps, people can easily access sharing services like ride sharing, accommodation sharing and pet minding. The government is concerned that some Australians who receive...

It’s the start of another calendar year.  What resolutions have you made to grow your business in 2019?  If you made any resolutions you probably made them around 6 weeks ago.  How have you gone on the all-important implementation tasks? If your business is established and...

That’s great – but there are a few issues that you should think about before starting a business or purchasing a business.  Unfortunately, there is a high failure rate in the first 3 years of a business’ life.  An accountant’s role is to advise you...

The ATO has recently warned taxpayers to be alert to malicious scammers who are using increasingly sophisticated methods and technology to impersonate the ATO. A new tactic on the rise involves “spoofing”, whereby scammers mimic a legitimate ATO phone number visible on caller ID to...

Individuals with a total superannuation balance (TSB) below $500,000 are now able to “carry forward” their unused concessional contributions (CC) cap space to future years in order to catch up on contributions later when they have the capacity to do so. Usually, an individual’s CCs are...

The best time to finalise a co-ownership agreement which relates to disputes, sale of the business, major capital expenditure, policy on the treatment of profits, decision-making, restraint of trade and many other issues is when the business is being formed, not months or years later...