Should you use property to fund your retirement?
Should you use property to fund your retirement? While property may seem like a good way to build and hold wealth, is it a…
Important Changes to Director IDs
What is changing? Changes are being made to the requirements of applying for a director ID with these coming into play from 5th of…
ATO puts up to 50,000 taxpayers on alert for looming director penalty notices
The Australian Taxation Office has sent out a warning advising that it is issuing letters to taxpayers informing them of potential personal liability for…
2022-23 Federal Budget
2022-23 Federal Budget The Federal Treasurer, Mr Josh Frydenberg, handed down the 2022–23 Federal Budget at 7:30pm (AEDT) on 29 March 2022. The Budget’s…
Important Changes for Visa Holders – what you need to know:
In response to ongoing workforce and industry shortages due to the recent omicron COVID-19 wave hitting Australia, the government has announced some big changes…
Federal Budget 2021-2022: Securing Australia’s Recovery
2021/22 Federal Budget Last night the Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget. The deficit of $161 billion is $52.7…
Xero acquires workforce management platform Planday
The cloud-based accounting software company Xero is a favourite among SMEs in Australia and New Zealand. Xero has a known strategy of acquiring complimentary…
Removal of Special Purpose from Financial Statements
In March 2020, the Australian Accounting Standards Board (AASB) issued an amending standard that removes the ability of certain for-profit private entities to prepare…
Cash is King!
Payment Times Reporting Scheme The phrase Cash is King was mentioned repeatedly in boardrooms across the country in 2020 as our Nation’s Government, Economy…
Increase in Super Guarantee from 1 July 2021
With the announcement of the 2021 Budget, changes have been made to the compulsory superannuation system implemented by the Australian government. Currently employers are…