AdviceCo $20,000 Community Grants Program
We have partnered with the Count Charitable Foundation (CCF) to launch a Community Grants Program in which charitable organisations are invited to apply for a $20,000 cash grant. AdviceCo and CCF will each contribute $10,000 to one charitable organisation before June 2021. Applications involve a brief 500-word proposal of what the applicant would do with…
Read MoreMarket update November 2020: US Election, COVID vaccine and rate cuts
The markets have responded positively in recent weeks to the US Election results and advances in COVID-19 management options. In regards to the US Election, the prospect of a divided government will be welcomed by the market. With a Democrat in the White House and a Republican Senate, Biden’s proposed corporate and High Net Worth…
Read MoreInsolvency Reform for Small Businesses in financial distress
The Federal Government has announced reforms to simplify the Voluntary Administration process in order to help financially distressed small businesses to efficiently restructure and survive the economic impact of COVID-19. The reforms will likely come into effect on 1 January 2021. Small businesses are historically most at risk of insolvency, with 80% of corporate insolvencies…
Read MoreNew Income Tax cuts by 16 November
The Federal Government announced income tax cuts for working Australians in the 2020 Federal Budget. The cuts must be included in any pay runs processed from (no later than) 16 November 2020, giving millions of Australians a few extra dollars in their bank account each week. Employers need to make sure they’re passing it on.…
Read MoreManaging your own finances vs. having a Financial Coach
Here’s how you can weigh up what is right for you. You need to assess your skill set, your training and your appetite to continually develop your financial acumen. Consider home DIY as an analogy. If you’ve done it all your life, had a great teacher along the way, go to courses, seek industry information,…
Read MoreMarket Update
US elections and daily pandemic updates, are dominating the news headlines. With this constant flow of information, investors must be focused on their long-term goals and learn to tune out the noise of the crowd. Following the sharp falls in February and rebound in March, the markets have been fluctuating daily mostly in a positive…
Read MoreMarket 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…
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