Posts by advicecogillian
Market update: How the US election presents a major risk event to financial markets
Tuesday 3 November – US Presidential Election Day! Whatever your international political leanings, and whatever happens, investors need to prepare for further short-term volatility. The markets don’t like unknowns, and there are many when it comes to the US Presidential election. If Trump wins, the trade conflict with China is likely to be stressed. If…
Read MorePennies will drop – Improve your Business Financial Literacy
There’s a direct correlation between a business leadership team’s financial literacy, and business success. Those who can crunch the numbers with technical competency will more easily identify the business strengths and weaknesses that require decisions and actions. That being said, it is understandable that most business owners are experts in a different field – not…
Read MoreAn Accountants guide to Footy Tipping
With the Football Grand Final upon us this weekend, our team has wrapped up our annual tipping competition. It turns out we have three types of tippers in the office: The typical Accountant – always tips the favourites. The die-hard Accountant – watches every game, goes for the upsets, has to support their team first…
Read MoreFederal Budget 2020 – What it means for you
Budget night is always full of opinion and commentary, sometimes it can be difficult to identify the facts. We’ve cut through the noise to highlight the items that we think will affect your hip pocket… Individuals: Income tax cuts Low-and middle-income earners who earn below $180,000 will see a tax cut equaling between $500-$2,745…
Read MoreAdviceCo donates $6,000 Coastlink
At AdviceCo, our community program enables us to raise funds to support charitable foundations in their important work. We are delighted to have recently raised $6,000 in partnership with our team and the Count Charitable Foundation for Coastlink, an important charity helping vulnerable members of our community to link to services and equal opportunity lifestyle…
Read MoreSuperannuation Guarantee on Ordinary Time Earnings (OTE) – What’s in and what’s out?
Should you pay superannuation on Christmas bonuses? What about sick leave or termination payments? What counts as superannuation on ordinary time earnings (OTE) can cause employers to slip-up, and mistakes can be costly. This checklist will help you to stay between the lines … Payment Salary or wages Ordinary time earnings (OTE) Awards and agreements…
Read MoreFinancial Planning Week 5-11 October
From 5-11 October, Financial Planners like us will acknowledge Financial Planning Week. It’s a chance to remember that sensible and careful planning enables people to build, afford and protect the life they want to lead. To mark the occasion, we are offering a series of complimentary Financial Discovery meetings to the first 15 applicants. Getting…
Read MoreThe superannuation guarantee amnesty ends on 7 September
Employers have until 7 September to disclose previously unpaid superannuation to the ATO. 860,000 Australian businesses have been contacted by the ATO to remind them to fulfil their superannuation guarantee obligations. Here are some details from the ATO: Eligible disclosures will not incur the administration component ($20 per employee per quarter) or Part 7 penalty. In…
Read MoreJobKeeper – Changes and eligibility beyond September
First, we heard that JobKeeper would be extended beyond 27 September 2020 to 28 March 2021. This has been dubbed JobKeeper 2.0 and included some changes from the original format. Then we heard that the format was revised in response to the COVID-19 crisis in Victoria. Here is what you need to know from Treasury…
Read MoreFinancial and professional well-being at a time like this
How are you? No doubt you’ve been affected by COVID in some capacity. From a professional and financial perspective, there have been many pressures. We want to say that we get it. And we want to share these valuable resources that may help to maintain financial and professional wellbeing at a time like this. If…
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