by Davie Mach | Mar 16, 2022 | Contractor Handbook, Small Business Handbook
An SMSF (self-managed superannuation fund) is an attractive vehicle for retirement savings for many Australians. Though the setup and administration of an SMSF can be daunting, with proper planning, it can offer tax advantages and greater control over your retirement...
by Davie Mach | Oct 22, 2021 | Accounting, Accounting, Contractor Handbook, Small Business Handbook
Considering the current state of the worldwide economy following the effects of the pandemic, it’s no surprise the business owners are rethinking their exit strategies. Some business owners have seriously weighed up the option of closing their company doors to avoid...
by Davie Mach | Aug 26, 2021 | Accounting, Accounting, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Medical professionals are constantly juggling their day-to-day practice and the business side of things. But, let’s face it, as a doctor, you’ve got your hands full with patient care, so the business side of things and financial planning tends to take a...
by Davie Mach | Aug 26, 2021 | BAS, Tax Returns & Financial Statements, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Doctors are among the highest-earning professionals in Australia. And the higher the income, the higher the marginal tax rate. But did you know that as a medical professional, you’re eligible for a pretty long list of deductions? Unfortunately, however, many doctors...
by Davie Mach | May 20, 2021 | BAS, Tax Returns & Financial Statements, Contractor Handbook
Cryptocurrency has undoubtedly experienced explosive growth over the last couple of years – but how does tax on cryptocurrency in Australia work? With governments worldwide cracking down on managing the tax implications of cryptocurrency, you would likely have...
by Davie Mach | May 7, 2021 | Contractor Handbook
Discretionary trusts are widely used for asset protection purposes and tax management. But, by transferring your assets into a discretionary trust, you will no longer own the assets. So, how exactly do discretionary trusts work? What are the advantages and...
