The start of the new year provides small businesses with the perfect opportunity to improve their credit management and cash flow conversion cycle. Cash flow was one of the biggest causes of small business failures, with around 90 per cent of enterprise insolvencies due to businesses putting their tax debts last to supplement their working […]
Redundancies, whether forced or elective, can become complex as there are many taxation issues to consider when receiving Employment Termination Payments. The most common form of payment an employee will receive is an employment termination payment. Employment termination payments (ETPs) include payments for unused rostered days off or for unused sick leave; payments in lieu […]
We had an interview with Tweed Daily News this month to celebrate our 70 years of business! Co-owners, David de Closey and Jenny Dallinger, answer a few question and cover the Oculus Group‘s challenges, inspirations and future plans. Check out the article here.
We had a fantastic mention in an article by MyBusiness this month. They were pretty chuffed to report that billable hours are not a part of our vocabulary! As you would know, we offer a “no surprises” approach when dealing with clients; we only offer upfront quotes.
Choosing an accountant is an important decision. The right accountant can help you save time, money and grow your wealth. Your accountant could have a significant impact on your personal finances or on your business. It’s vital to work with a practice that is trustworthy and experienced. WHAT CAN A GOLD COAST ACCOUNTANT DO FOR […]
Avoiding common property investment mistakes Being aware of the common mistakes associated with property investment can help you gain the best possible value from an investment. Property investment is a popular way to increase your wealth and secure your financial future. But changes in interest rates, fluctuations in supply and demand, and even emotional decision making processes can make managing an investment property a difficult […]
Claiming deductions for your property’s depreciation While depreciation can provide property investors with significant tax breaks, many fail to take full advantage of the notable savings available to them. The majority of properties that generate income, regardless of their age, qualify for some level of depreciation. However, property depreciation is a tax deduction that is missed quite often because it is a non-cash […]
What happens to your super upon returning to work It is important for those who re-enter the workforce after retirement to be aware of the technicalities when it comes to contributing back into their superannuation fund. Today, it is quite common for Australians aged over 60 to return to some form of work after retirement. But those who are fortunate enough to acquire […]
Using a corporate trustee for your SMSF Choosing between an individual and a corporate trustee is an important decision that arises when establishing an SMSF. Despite this decision’s significance, many SMSF members often appoint trustees without understanding the difference between the two. It is important for SMSF members to understand the advantages and disadvantages of appointing an individual or corporate trustee. Although appointing an […]
Key pension issues for SMSFs The ATO is now targeting SMSFs in pension phase as part of its SMSF compliance program. It is critical for trustees to assess their current circumstances for any major risks relating to pensions for SMSFs. The ATO has expressed concerns about SMSFs in or transitioning to pension phase that hold illiquid assets such as real property. Many funds […]
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