Skip to content

ATO message: penalty notices rise during post-COVID tax recovery

penalty notice

The ATO is on a mission to recover unpaid taxes from the peak of the COVID period. 52,319 warning letters were issued last month to directors of companies with outstanding debts on PAYG, the superannuation guarantee charge and GST with 30-40 director penalty notices distributed to company directors every day. Credit agencies are now involved…

Read More

Small business defence against inflation

inflation

Inflation is the latest concern for small business. Levels in the USA are concerning, and while it is not as bad here in Australia, trends such as higher cost of living and increasing interest rates have us all on alert. The current inflation rate is 5.1% – Small businesses need space and opportunity to rise…

Read More

10 steps towards a smooth EOFY

end of financial year eofy

With the Australian Tax Office (ATO) back in full collection mode after some leniency during the COVID peak, it is essential that businesses and individuals not only do due diligence this EOFY, but protect against an audit as well. Here’s a step-by-step guide… 1. Schedule time with your accountant A simple first step that enables…

Read More

WFH? Here’s what you can claim

working from home

Had another year of working from home? If yes, then you and 40% of Australians now work from home on a regular basis. Many people have purpose-made work spaces at home off the back of their COVID experiences and changing work cultures. Some have even bought new houses to accommodate their WFH needs. Here’s a…

Read More

Central Coast Business Review Article – Making our clients wealthy

AdviceCo front cover CCBR

We’ve had the great privilege of talking with Edgar Adams of Central Coast Business Review magazine this month. The process has been quite humbling because its not often you get to stop and realise your achievements in a condensed format such as as this. We thoroughly enjoy our business and sharing our story. It’s been…

Read More

Market Update: May 2022

Market Update - May 2022

Article by David Evers It is times like this that the importance of quality advice really comes to the surface. When it was appearing that we were coming to an end of the worst period of the pandemic’s economic challenges, circumstances changed again. Now, thanks to a combination of Putin’s war in Ukraine, rising inflation,…

Read More

Market Update: Powell seeks ‘immaculate disinflation’; one that rids the US of inflation without shedding jobs

Breaking point

His problem? Monetary policy is ill-suited to fight inflation arising from supply constraints. Article by Magellan Federal Reserve Chair Jerome Powell appeared on March 3 before the Senate Banking Committee and vowed the US central bank would quell inflation running at four-decade highs. “We are going to use our tools,” he said. Then came a…

Read More

Market Update: Breaking point

Breaking point

Article by BetaShares Exchange Traded Funds Global Markets Mixed earnings reports, hot U.S. wage and price inflation, and the prospect of an aggressive U.S. Fed rate hike conspired to send global equities lower again last week. Of course, we can add to this worrying mix, renewed concerns over China’s economy due its harsh lockdowns and…

Read More