accountant for doctors
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How To Choose The Best Accountant for Doctors

ByDavie Mach

Medical professionals constantly juggle their day-to-day practice with the business side of things.  But let’s face it, as a doctor, you’ve got your hands full with patient care, so management and financial planning tends to take a backseat.  While a doctor’s primary goal is to focus on providing health services to their clients, they mustn’t…

RBA Interest Rate Raise
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What Does the RBA Interest Rate Rise Mean for You and Your Business?

ByDavie Mach

At the start of September 2022, the Reserve Bank of Australia (RBA) raised interest rates once again, pushing it to 2.35%. This marks the fifth consecutive increase since May 2022, making it the most rapid cash rate growth that Australians have seen since 1994.

Everything You Need To Know About Winding Up SMSF
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Everything You Need To Know About Winding Up SMSF

ByDavie Mach

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 savings.  However, if you decide to go along the route of winding up an SMSF…

Understanding And Choosing The Right Business Structure For You

Understanding And Choosing The Right Business Structure For You

ByDavie Mach

Starting a business in Australia is no easy task. There are so many things to think about – from what product or service you’re going to offer, to how you’re going to market it and define who your target customer is. One of the most important decisions you’ll make when starting your own venture is…

self managed super fund cryptocurrency
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The 6 Things to Know About Cryptocurrency and Self Managed Super Funds

BySean Yee

While Self-Managed Super Fund (SMSF) investors have traditionally stuck to investing in the four most popular asset classes (shares, property, trusts, and cash and term deposits), cryptocurrency is slowly but surely starting to make an appearance on that list of asset classes.  In 2021, the Australian Tax Office (ATO) reported that SMSF investors currently have…

single touch payroll
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What is Single Touch Payroll?

BySean Yee

Single Touch Payroll (STP) is a new and mandatory way of reporting your employees’ income and tax information to the Australian Taxation Office (ATO). It was introduced on 1 July 2018 and replaced the need to manually submit PAYG summaries and other payroll information each financial year.  When introducing the Single Touch Payroll reporting regime,…

tax compliance
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What is Company Tax Compliance? The Essential Guide

BySean Yee

Running a business is not always easy. One of the most important aspects for businesses, especially those who are just starting out, is to ensure they are compliant with company tax laws in the Australian tax system.  There’s no point in working hard to build your company if you’re going to get fined or penalised…

tax losses carried forward
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How Tax Losses Carried Forward Can Help You Minimise Tax

BySean Yee

It’s not uncommon for business owners to experience losses in their business operations. From a tax perspective, however, this isn’t always a bad thing. The good news is that there are several ways Australian business owners can minimise tax and still keep their companies profitable.  One way is by carrying forward tax loss – which…

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