Income
The importance of cash flow forecasts
As we enter into the new year, with many economists predicting a slowing of the economy, planning your business’s cash flow is more important than ever. Studies suggest that the failure to plan cash flow is one of the leading causes of small business failure. To this end, a cash flow forecast is a crucial…
Read MoreBridging the super gender gap
Fresh statistics released by the ATO reveal that the superannuation gender gap is very real. While the average super balance for a man is $161,834, for a woman it’s $129,506 – a massive 25% difference. This gender gap begins in peoples’ twenties, mostly caused by wage differences and time off for children, and by their…
Read MoreShare dividend income and franking credits
Mum and dad investors in receipt of dividends from their share portfolio often benefit from investing in blue chip shares because they usually have franking credits attached. As a general rule, an Australian resident shareholder is assessed for tax on dividends received plus any franking credits attached to those dividends. The shareholder is assessed on…
Read MoreWhat To Bring To Your Tax Return Appointment
If you’re coming in soon to discuss your tax return for yourself or your business, come prepared with some records or access to them to help us with the preparation. Being prepared is not only wise, but saves a lot of time and effort for both yourself and for us. If you are a new…
Read More