Downsizer Contributions to SUPER
rDid you know you could invest the proceeds of the sale of your family home to your superannuation, depending on your age and circumstances? What is a downsizer contribution? From 1 July 2022, if...
Four Priorities for the ATO this Tax Time
In the middle of May, the ATO announced that there will be four focus areas on their radar during Tax Time 2022 – record-keeping, work-related expenses, rental property income and deductions, and...
2022 Election Washup
Following the election of the new Labor federal Government on 21 May, there are a number of tax and superannuation proposals that they have announced or existing measures they have committed to that...
Six Super Strategies to Consider Before 30 June
With the end of financial year (EOFY) fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six superannuation strategies to consider...
ATO warning of fake ABN and TFN scams
The ATO has just recently reported an increase in fake websites offering to provide tax file numbers (TFNs) and Australian Business Numbers (ABNs) for a fee but then failing to provide the service –...
30 June Tax Planning
As we move towards the end of the 2021/22 financial year, there are a number of year-end income tax planning opportunities that may be available to optimize your tax position. Temporary full...
Are You Getting Everything You Deserve From Your Current Accountant?
We all know how important trust, comfort, transparency, understanding, and communication are to any healthy relationship. A relationship between a business owner and their accountant should be no...
HR Manuals
Quite a number of employers now have in place a human resources (HR) manual. HR manuals document the workplace policies and procedures that will be applied to all employees inside and to a lesser...
Personal Property Securities Register
Are you aware of the personal property securities register? What is it? The personal property securities register (more commonly known as the PPSR) is an official government register. It’s...
Financing Motor Vehicles
A common question facing businesses is how to finance and account for the acquisition of a motor vehicle. There are numerous ways that can be used, with each having unique taxation treatment. 1....
What You Should Know About Six Member SMSFs
Since the SMSF member limits recently increased from four to six, larger families may be considering having one large superannuation fund for all family members. Interestingly, recent ATO statistics...
Further Developments on Trust Distributions
For the many business owners who operate their affairs through discretionary trusts, there have been further developments on the ATO’s planned crackdown on certain distributions. Back-Story To...
Why Super Can Help Save For Your Retirement
Superannuation is an investment vehicle specifically designed to help you save for retirement - this is one of the key reasons why you should take an interest in your superannuation. Whether you’re...
How Syndicated Property Trusts Build Wealth: Discover How The Average Investor Can Add Real Estate To Their Portfolio
Real estate investing is one of the most predictable ways to build wealth – especially in times of high inflation and volatile markets. Not all investors are capable of financing or purchasing...
The Strategic Tax Planning Process: Retain a greater proportion of your Profit with Proactive Tax Planning
Part of enjoying the present moment is knowing you are well prepared for the future. That’s why our team here at Clarke & Brownrigg take all aspects of finance seriously. Our experienced team...
Evaluating Business Financials: What to Check and How Often
Evaluating Business Financials: What to Check Considering these five indicators can help you prevent cash shortfalls, check the company's financial stability, and analyse the potential return on the...
7 Considerations When Selling a Business to a Family Member or Related Party
Selling your business to a related party can be appealing. For one, you can retain some level of business control and continue to receive income, buying you time for a smooth exit. Maintaining...
Applying For A Director Identification Number
This is to inform you about new legislation requiring all directors of Australian companies to have a director identification number (DIN). You will need to apply for a DIN if you are a company...
Choose The Right Accounting Firm For Your Circumstances
As a professional and or business owner, every move you make impacts your bottom line. Even the decision to appoint an accountant can make subtle differences in your financial performance which...
The Importance Of Tax Planning In Keeping More Of What You Make
Many professionals and business owners hear the word TAXATION and shudder. It’s something that often gets pushed to the back burner, and when tax time comes around, there is a mad scramble to get...
The Role Of Self-Managed Superannuation in The Wealth Creation Process
A self-managed super fund (SMSF) is just that: a private super fund managed by the members. You have the ability to choose the investment strategy and consider any requirements for insurance. While...
Structure Your Family & Business Affairs for Success & Protection
Family businesses can provide financial security for generations to come. However, if your business lacks direction, or is not structured in a manner which helps ensure success and risk protection,...
Setting Up Your Accounting System Correctly From Day One
Sometimes a small business takes off so quickly one can find yourself floundering to keep up with your own success! While this may seem an ideal scenario rather than something to complain about, if...
The Importance of Succession Planning
Succession planning provides you and your business with a strategy to ensure you enjoy optimised financial security when you transfer the ownership of your business. While this might not seem...
Preparing a Business For Sale Or Transfer
The decision to sell or transfer your business is never easy. Most business owners have put their blood, sweat and tears into the business and have an emotional connection that makes it difficult to...
Managing Growth Through Budgets, Forecasts & Financial Management Principles
Budgeting and financial forecasting is the means by which you can establish a plan to set financial goals and objectives for a business. They are at the foundation of proactive financial management....
Financial Goal Setting For Your Business
As a business owner, it’s often easy to get caught up in running your business with just one financial goal in mind: sales revenue. However, you started your business with a product or service...
When You Join Our Family, You're Not Just Another Number
For over 20 years, our clients have been willing and actively encouraged to be open and share their issues and concerns, both on a business and personal level, so that we can work together to come up with the most appropriate solution.
Ready to join our family? Contact Us For A Complimentary Introductory Meeting & Let’s Start Creating A Plan For Yours.