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.

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

Jennifer Palmer - Tuesday, March 27, 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 - Thursday, February 08, 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 - Monday, November 13, 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 - Wednesday, August 30, 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

2017 Federal Budget Review

Jennifer Palmer - Wednesday, May 10, 2017

The 2017 Federal Budget was released last night, with key themes focusing on housing affordability, changes for the major banks and some, but thankfully not many, new superannuation measures. There has been a bit of fiddling with the Medicare Levy and HECS repayment thresholds, but on the whole, this budget has done little for business, apart from extend the $20,000 immediate deduction for eligible assets for business with <$10M turnover another year. The Government has aimed this budget at infrastructure spending, and sought to tighten the rules around foreign owned property. 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

3 ways NOT to go broke in business...

Jennifer Palmer - Thursday, May 04, 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 - Thursday, May 04, 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 - Thursday, May 04, 2017

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

Super Changes

Jennifer Palmer - Monday, November 28, 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

Terry's Tips to Spring Clean your Finances

Jennifer Palmer - Tuesday, October 04, 2016

With the sun coming out this is a great time of year to spring clean your business finances and make sure they’re on track to achieve your goals. The problem is you have so much on your plate you don't know where to start.  The easiest way to start your Spring Clean is to look where the low hanging fruit is...identify where there are opportunities to make small changes that will make a big difference to your profit and cashflow. Read More

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