wollongong small business Archives

Accounting Business Families

Family business and Essential Tax Insights

Owning a family company comes with significant responsibility regarding how payments from the company to you or your family member are handled. Most payments from a company are considered as dividends in the recipient's hands, except the return of original…

David LiangApril 8, 2024

Accounting

Changes to Personal Income Tax Rates

The Federal Government is proposing changes to the personal income tax cuts initially set to begin on July 1, 2024. The three-points plan announced in the 2018-19 Federal Budget, aimed to address the issue of tax rates not keeping up…

David LiangFebruary 13, 2024

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Investments Retirement Superannuation Uncategorized

Investing is not the nightly news

Some little time go I had a fairly veiled rant about the focus of media attention on the short-term movement in investment markets. I thought a few pictures might amplify, so I took to the stocks app on my iPhone.…

Paul WrightAugust 17, 2022

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Advice Investments

Inflation, Interest Rates and the Cost of Living

Tuesday’s decision by the Reserve Bank of Australia (RBA) to increase interest rates has only added to what has been a bumpy start to the year in both share and bond markets. Markets like certainty, they thrive when the future…

Allan DunnJune 17, 2022

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Investments

MARKETS AND THE PRICING-IN OF WAR – Russia/Ukraine War

Isaac Asimov — 'Violence is the last refuge of the incompetent.' As we moved from 2021 into 2022 there was a slight glimpse of a future that looked something like we had seen prior to 2020 and the onset…

Paul WrightMarch 22, 2022

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Advice Planning

What could top 2020… 2021 of course!

The COVID pandemic has been awful for many around the globe. It has changed life as we have known it, perhaps forever. If you can put that aside, for investors, super fund members and homeowners, 2021 was about as…

Allan DunnFebruary 4, 2022

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Advice Estate Planning

And then there was one…

One of the questions that is regularly asked relates to how superannuation is dealt with on a person’s death. Picture this… Dave and Marg are retirees. They both have accumulated superannuation which is being used to pay each of…

Allan DunnNovember 12, 2021

Director ID Applications what business owners need to know. Wollongong business accountants illawarra south coast southern highlands.

Accounting Business

Director ID application – what business owners need to know.

From November 1, 2021, a Director ID is now required for all company directors in Australia. A Director ID is a unique 15-digit number that will stay with a company director for their lifetime. You must apply for a Director…

David LiangNovember 8, 2021

Advice Uncategorized

What If We Could Predict The Future?

At times like these, it is tempting to seek a secure prediction of the future, after all, we have been living through uncertain times for most of the last year or so, from floods to fire, back to floods and…

Paul WrightJanuary 20, 2021

Advice Business Planning

When Will it Get Back To Normal? – Choices In Uncertain Times

Carol* was in a state. She had just spent 1 hour and 40 minutes on the phone with Centrelink trying to assure them of her entitlement to JobSeeker Payment and finally had convinced the agent that she had registered several…

Paul WrightMay 1, 2020

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