Sullivan Dewing News

Our blog has the latest news and insights on tax, accounting and growing wealth, to help you build a successful business that will achieve your financial goals. To get Sullivan Dewing news straight to your inbox, subscribe to our newsletter.


Tax Tips for the end of financial year

Jennifer Palmer - May 2018

It’s that time of the year again! If you haven’t started tidying up your financial affairs before the end of the financial year, you’d better get cracking. Here are some tips to help you get started. Read More


Federal Budget Review 2018

Jennifer Palmer - May 2018

The 2018 Federal Budget was released last night, with a focus on personal income tax cuts for lower and middle income earners. There are measures to guarantee essential services such as aged care, health care and infrastructure, as well as changes to superannuation accessibility. This budget has also introduced a range of integrity measures to clamp down on the black economy and strengthen the rules of the system. Once again there is little done for business tax relief apart from extend another year the $20,000 immediate deduction for eligible assets for business with <$10M annual turnover.  As with each year, it is important to note that these changes are proposed, and still need to pass through parliament before becoming law.  Read More


Business growth and success is all about analysing results and looking for opportunities.

Jennifer Palmer - Mar 2018

Sounds straightforward right?  However, as any business owner will tell you running a business is a full time job and more!  That means things can get pushed to the side and sometimes it is just easier to continue on rather than review what’s been happening, or what opportunities might exist. Read More


Profit: Are you getting any?

Jennifer Palmer - Feb 2018
Imagine you are a juggler with 5 balls in the air.  This is something like what a business owner must feel when managing their business. Four of the balls are the same colour representing product, sales, marketing and people.  All important for a business to survive and grow.  The fifth ball is profit - the most important ball to keep in the air.  Why?  Too many people make the mistake of focusing on sales alone.  You should never take your eye of the profit ball.  Remember the saying; sales are for dreams, profits are for keeps. Read More

FBT and Christmas parties

Jennifer Palmer - Nov 2017

A reminder that while staff Christmas parties can attract fringe benefits tax (FBT) there may be exemptions available depending on the venue and cost per employee.  There are two main exemptions to FBT that could apply to Christmas parties - exempt property benefits and exempt minor benefits. Read More


What makes a successful business?

Jennifer Palmer - Aug 2017

Regardless of your definition, there are a number of common characteristics of a successful business.

Successful business owners focus on the following key areas: Read More


3 ways NOT to go broke in business...

Jennifer Palmer - May 2017

3 Things every business owner should be doing. It doesn’t matter whether you are BHP or the suburban retail shop. The following rules apply to you. It is just the depth of information that differs. Read More


Building wealth through superannuation and not paying tax!

Jennifer Palmer - May 2017

One of the most tax-effective ways to build wealth for retirement is through a Self-Managed Superannuation Fund (SMSF). Read More


Major superannuation changes start July 2017! Are you prepared?

Jennifer Palmer - May 2017

Major superannuation changes start July 2017! Are you prepared? Read More


Super Changes

Jennifer Palmer - Nov 2016

Superannuation Reform Bills were passed by Parliament on 23 November 2016 which will have significant impact on Australians saving for their retirement. We would encourage you to ensure you have considered all changes before making any further contributions to superannuation. Read More



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