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Artificial Intelligence and its impact on the Accountancy profession
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Artificial Intelligence and its impact on the Accountancy profession

Date: May 6, 2022
Categories: Business Service
Many of us believe that Artificial intelligence can completely change how one accountant works in the future. Still, the accountant and bookkeeper remain an essential part of the accountancy profession because the Digital tool can promote efficiency but won’t replace the profession.In 2015 the UK ...
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ATO Updates (May 2022)

Date: May 6, 2022
Categories: Monthly Update
FBT thresholds for year 2022-23Record keeping exemption – Increased from $8,923 to $9,181Benchmark Interest Rate – 4.52% unchanged FBT - Living Away from Home Allowance (LAFHA) – Reasonable amount for Meals for the Year 2022-231 Adult - $2892 Adults - $4343 Adults - $5791 Ad ...
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Why Expense Tracking is important for Small business?
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Why Expense Tracking is important for Small Business?

Date: May 6, 2022
Categories: Bookkeeping
At the beginning of a small business, paying a subscription fee for an expense tracker may not be feasible. In this case, small businesses can use an excel dashboard template to track their expenses. While the tracking will be manual, you will be on top of your finances.Why do you need Excel Dash ...
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How to Invest Ethically?

Date: May 5, 2022
Categories: Financial Planning
Demand for ethical investing continues to grow as more people seek to align their investments with their values. Ethical investing involves using your ethical principles to filter and guide your investment decisions. The practice has been around for more than 30 years in Australia and has started to ...
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E-commerce Bookkeeping

Date: April 8, 2022
Categories: Bookkeeping
E-commerce Bookkeeping requires extra care and focus to maintain and keep the books in order. If the responsibility to manage E-commerce Books were given to be a general bookkeeper, the books might become messy within a few weeks if not taken care of regularly. This business requires specialised boo ...
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Corporate Australia & Tax Compliance for large group or MNC

Date: April 8, 2022
Categories: Business Service
Tax ComplianceTax Compliance determination of large corporate groups is never simple.There are inherent risks due to the business complexity & uncertainties around the law.The behaviour of large corporate groups/MNCs in recent times was seen as avoiding tax in Australia by shifting the pr ...
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ATO Update (April 2022)

Date: April 8, 2022
Categories: Monthly Update
Tax Relief for Flood-Affected CommunitiesThe below relief measures are announced to alleviate pressures of small businesses & individuals in flood-affected areas of QLD & NSW:Additional time to meet any upcoming BAS/IAS obligations.Option to vary the quarterly PAYG Income Tax Instalme ...
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SMSF Income Protection Insurance

Date: April 8, 2022
Categories: Superannuation
Income protection insurance can provide a safeguard when you become sick or injured and are unable to work, leaving you unable to make your usual SMSF contributions.What is SMSF Income Protection Insurance?Most industry and retail super funds offer default income protection insurance for thei ...
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Is Seeking Out a Financial Advisor Worth It?

Date: April 7, 2022
Categories: Financial Planning
Good financial planning is about doing the small things consistently over time. Most of us have the question of whether “Am I on track? Will I have enough?” This requires reflection on both what we want to achieve for ourselves and what we want to leave as a legacy for children or other family m ...
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Federal Budget 2022-23

Date: April 7, 2022
Categories: Federal
The Federal Treasurer Josh Frydenberg delivered the Australian Budget 2022-23 on 29 March 2022. This budget aims to create jobs, develop infrastructure, guarantee services and provide confidence to Australian businesses.We are delighted to bring highlights of the budget that will impact the business ...
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