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May 2024 Newsletter

Should You Be the ‘Bank of Mum & Dad’?

Parents are increasingly helping their children buy homes as house prices are high, particularly in New South Wales where the average price is $1.18 million. The cash rate is also…

Do Your Kids Really Want to Take Over Your Business?

Generational succession—the process of handing over a family business to the next generation—may sound straightforward, but it often becomes a source of dispute when families are most vulnerable. Just like…

Accessing Money in Your SMSF

Australian Taxation Office needs help identifying illegal early access to Superannuation by SMSF members. It's important to know the legal ways to access these funds.

Company Money Crackdown: Division 7A Impact

The Australian Taxation Office (ATO) is stepping up its efforts to address the misuse of company funds and resources by business owners. It’s not unusual for business owners to blur…

May 2024 Newsletter

Learn about important financial topics including ATO actions, Division 7A insights, superannuation guidelines, supporting family in home-buying, and business succession challenges. Stay informed on essential financial planning and management.

March 2024 Newsletter

The March 2024 newsletter delves into critical subjects including The Fringe Benefit Tax Traps associated with electric vehicles, navigating The ATO Debt Dilemma, seizing opportunities from How to Take Advantage…

Super for Sole Traders: A Comprehensive Guide

Hey there! If you're your own boss and want to make sure you've got enough money when you're done working, you're in the right place. We're here at The Pen…

Exploring the Meaning of Sole Trader Businesses

Welcome to the world of business! Today, we're diving into something called a "sole trader." It might sound fancy, but it's actually quite simple. Imagine having your very own business…

Digital Games Tax Break

BOOK YOUR 2024 TAX RETURNS NOW! Welcome About Services The Bookkeeping Studio Virtual CFO Taxation & Compliance Business Advisory & […]

Small Business Technology Investment Boost

After a substantial delay, Parliament passed a law granting SMEs a 120% tax deduction for tech, skills, and training expenses. […]

What Changed on 1 July 2023

As of 1 July 2023, several important changes have come into effect, impacting employers, businesses, and individuals across various aspects […]

10 Strategies for 2023-2024 Financial Planning

As a creative business owner, financial planning for the year 2023-2024 may require some specific strategies tailored to your industry […]

FREQUENTLY ASKED QUESTIONS

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
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