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Business Accounting Solutions | Brisbane • Gold Coast • Sunshine Coast

Is downsizing worth it?

Is downsizing worth it?

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has been reduced to 55 from 60, more people can...
Why business strategy matters in 2023

Why business strategy matters in 2023

In a volatile market, keeping to a strategy, or, let’s face it, creating one, can be tough. The downside of not taking time out for your strategy is that you tend to keep a short-term focus at an operational level to try and pick quick wins to generate financial...
The party’s over for family trusts

The party’s over for family trusts

The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goalposts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family...
The party’s over for family trusts

The party’s over for family trusts

The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goalposts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family...
Missed the director ID deadline? Now what?

Missed the director ID deadline? Now what?

If you missed the 30 November 2022 deadline for obtaining a Director ID, the Australian Business Registry Services have stated that they will not take action against directors that apply for their ID by 14 December 2022.  If you are required to but have...