SuperStream is a government reform that aims to improve the efficiency of the superannuation system. Once implemented, it will provide a single channel for all employers to make superannuation contributions electronically to all super funds, in a timely and consistent manner. Read More

We’ve noticed a scam circulating recently, where people receive an email from a supplier, asking them to pay their account into a new bank account. Make sure you always make personal contact with suppliers to confirm requests like this, otherwise your bank account could be cleared out faster than you can say ‘scammer’! Read More

A power of attorney is a formal document giving another person the authority to make legally binding decisions on your behalf. There are two types: a general power of attorney and an enduring power of attorney. Read More

So what does being financially well organised look like? Well, something like this: Read More

Did you know that 95% of Australians don’t have adequate insurance?1 Insurance can protect you and your family from the unexpected, but it’s important that you review your policies each year, to make sure they’re up to date and reflect any changes to your finances or lifestyle. Read More

With some quiet time coming up over the Xmas holiday season we thought it would be a good opportunity for you to reflect on your business. Read More

Did you ever wonder about the origins of accounting? Possibly not! Did you know that the ‘father’ of double entry accounting was a 15th century Franciscan monk called Luca Pacioli, a teacher and friend of Leonardo da Vinci? Read More

From January 2015, non-taxable superannuation income will be included in the Commonwealth Senior Health Card (CSHC) income test. This means that income streams from super accounts will be considered income under the eligibility rules of the Age Pension. Read More

Before we get into details, let’s revise some fundamentals. We know the economic cycle has four phases: Expansion; Peak (or boom); Contraction; and Trough (or recession). Read More

The ATO has recently released its guidelines regarding the allocation of profits by professional services firms, including lawyers, doctors and architects. It provides three criteria by which the ATO will judge remuneration of an ‘individual professional practitioner’ (IPP), which includes individual partners or owners of a practice. Compliance activity around these criteria will come into effect this 2014/2015 financial year. Read More