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Bookkeeping Mistakes to Avoid

Date: August 2, 2023
Categories: Bookkeeping
The following compiled list of mistakes that small businesses need to avoid will help you improve your business’s financial position. When these common mistakes are avoided, you will be able to save time and money while also maintaining your books in order.Not Knowing Your Expenses:This is ...
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Transfer Balance Account Reporting

Date: August 2, 2023
Categories: Superannuation
Beginning on 1 July 2023, SMSFs will be subject to new requirements for the submission of the Transfer Balance Account Report (TBAR).With effect from 1 July 2023, the ATO will eliminate the TSB threshold and mandate that all SMSFs submit their reports 28 days following the end of the quarter in whic ...
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Global Depository Receipts (GDRs): Facilitating International Investment and Capital Mobilization

Date: August 2, 2023
Categories: Financial Planning
In today's interconnected global economy, companies seek opportunities beyond their national borders to access international capital markets and expand their investor base. Global Depository Receipts (GDRs) have emerged as a crucial financial instrument that facilitates cross-border investment and c ...
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Preparing an error-free tax return and financial statements for business

Date: August 2, 2023
Categories: Business Service
Tax return preparation and financial statement reporting can be a troubling task, especially for individuals and businesses. The complexities and ever-changing regulations make it crucial to ensure error-free submissions. In this blog, we will guide you through the crucial steps towards preparing an ...
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Carisma Solutions
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Reversionary Pension and Transfer Balance Cap (TBC)

Date: July 4, 2023
Categories: Superannuation
Typically, a TBA credit arises on the commencement of a pension. There are special rules that modify the timing of when a death benefit pension is credited to a recipient’s TBA in respect of a death benefit:The Reversionary Pension to dependent becomes entitled to it immediately upon person’s de ...
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Green Bond – A Green Initiative Towards Investment

Date: July 4, 2023
Categories: Financial Planning
A Green Bond is a type of fixed-income instrument that is specifically designed for funding climate and environmentally friendly projects. The main feature of green bonds is that they provide transparency and accountability regarding the use of proceeds. The issuers provide detailed information on ...
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Tomorrow’s Accountant

Date: July 4, 2023
Categories: Business Service
In today's fast-paced, technology-driven world, the role of an accountant is undergoing a significant transformation. The traditional image of an accountant as a number cruncher sitting behind piles of paperwork is rapidly fading. Tomorrow's accountants are visionary professionals equipped with cutt ...
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Evaluate Your Business Budget

Date: July 4, 2023
Categories: Bookkeeping
Having a clear picture of your budget to see where you need to shift some of your priorities is essential for the business life to run normal. It helps you to pay attention to how your spending has affected your business over the past few years and how far it has helped you to achieve or deviate you ...
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ATO Update (June 2023)

Date: June 5, 2023
Categories: Monthly Update
Financial Adviser Professional Standards and ExamTreasury has released draft legislation intended to refine the education and qualification framework for Financial Advisers. In particular, it will fulfil the Government's election commitment to better recognise the experience of long-serving a ...
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Business Services
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Financial year-end recipe

Date: June 5, 2023
Categories: Business Service
It’s time for tax agents to get ready for the new tax time of the year 2023 and the most important thing they have to do is to roll over the system. It’s also a good time to put good business practices in place and kick-start the process for the new financial year.To have a successful business s ...
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