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Do you need to hire a Bookkeeper?

October 10, 2022
Bookkeeping
Your business needs an expert to help you organize your daily business transactions. A Bookkeeper can also help you produce important financial statements and make well-informed decisions based on data like budgeting & fundraising. Although bookkeeping and accounting professionals work in tande ...
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Binding Death Benefit Nomination (BDBN)

October 10, 2022
Superannuation
The High Court has spoken. In its decision in Hill v Zuda Pty Ltd, it has given self-managed super fund trustees much-needed clarity around a binding death benefit nomination (BDBN). The debate over how long a BDBN can last has been put to bed – it is indefinite.The Court’s ruling also gave trus ...
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Tips to Safeguard against Cyber Threats

October 10, 2022
Business Service, Technology
October is internationally recognized as Cybersecurity awareness month which calls for an opportunity to raise fresh ideas and conversations around Cybersecurity.With the escalating volume of threats from cyber-attacks all around the world, it is not surprising that cybercrime can not only access se ...
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Financial Advisors Register

October 10, 2022
Financial Planning
The Financial advisors Register is a public record of financial advisors who provide personal advice on complex financial products to consumers. It allows consumers to:Check that a financial advisor is authorised to provide financial adviceFind information about an advisor before getting  ...
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RADA Annual Day and Award – 2022

September 13, 2022
Corporate, Team
Our event started off with Lamp lighting symbolizing abundance, prosperity, and knowledge in the spirit of all women. Gunalan, an active member of our Dance & Music club called Bendigo beats, welcomed us with a nice song setting the tone for the program.  Our CEO, Jonah Stephen, ...
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ATO Updates (September 2022)

September 12, 2022
Monthly Update
Grants received by small businesses and primary producers by Cyclone Seroja (April 2021) are non-assessable and non-exempt income. It applies to grants paid in 2021-2022 and later income years.Treasury has released draft legislation, and the Government of Australia has agreed to amend Australian dom ...
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Director Identification Number (director ID)

September 12, 2022
Superannuation
You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). It is a unique 15-digit identifier that directors apply for once and keep forever.The following provides some useful further information.As a director o ...
Backing up accounting software data and finalising ATO compliance before June 30 EOFY
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How to keep rental property records ready for Tax returns?

September 12, 2022
Financial Planning
Keep records of both income and expenses relating to your rental property.Records of rental expenses must be in English or be readily translatable into English and include the:name of the supplieramount of the expensenature of the goods or servicesdate the expense was incurreddate of the document.If ...
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Business Advisory Services

September 12, 2022
Business Service
Business needs advisory services at all stage of their growth. Small, and medium accounting firms can provide advisory services to their client beyond their regular compliance and other regulatory requirements.In general, more accounting firms have created or are interested in creating a more divers ...
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STP Phase 2 reporting

September 12, 2022
Bookkeeping
Introduction:The official start of STP Phase 2 was 1 January 2022. The introduction of the STP Phase 2 was delayed until 1 October 2022. The government requires you to accept STP Phase 2, there is no choice.STP Phase 2:It is the latest version of existing STP reporting. The payrun ha ...
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