How Will the Super Guarantee Rate Change Affect My Business? The superannuation guarantee (SG) rate in Australia is set to increase, which will affect employers across the country. As a business owner, understanding these changes and how they impact your business operations is crucial. Here’s a detailed look at the upcoming changes and what you […]
How Will the Super Guarantee Rate Change Affect My Business? Read More »
In 2023-24, two of Australia’s largest retail superannuation funds outperformed the sector, delivering returns exceeding 11%, fueled by a surge in technology stocks. This success came as their industry fund counterparts struggled to counteract declining unlisted asset prices. Colonial First State and AMP saw their financial year returns surge to 12.1% and 11.1% respectively in
Retail Super Funds Outshine Industry Rivals with Tech-Driven Gains Read More »
Inflation has become an obsession for professional investors and consumers alike since 2022. Concerns about the economic impact of rising prices—and their remedy, higher interest rates—have weighed on stocks, plunging the US S&P 500 into a bear market towards the end of 2022. On September 13, Wall Street dropped to its lowest levels in two
How Does Inflation Affect Stocks? Read More »
Unit trust vs discretionary trust – they sound pretty similar, don’t they? But they’re actually quite different. And knowing which one’s right for you can make a huge difference in how you protect your assets and plan for the future. In this guide, we’ll cover unit trust and discretionary trust in detail, explore the ins
Unit Trust vs Discretionary Trust: What’s Right for You? Read More »
Capital Gains Tax on Property in Australia Capital gains tax (CGT) is a crucial consideration for anyone buying, selling, or investing in property in Australia. Understanding how CGT works can help you make informed decisions and potentially save money. Here’s what you need to know about CGT on property in Australia. What is Capital Gains
Capital Gains Tax on Property in Australia Read More »
A balance sheet is a critical financial statement that provides a snapshot of a company’s financial position at a specific point in time. It is one of the core components of financial reporting, alongside the income statement and the cash flow statement. Here’s an in-depth look at the purpose of balance sheets and why they
The Importance and Purpose of Balance Sheets for Businesses Read More »
Why Do I Need a Bookkeeper or Accountant? Running a business involves managing numerous tasks, from overseeing operations to handling customer relations. Among these tasks, financial management stands out as one of the most critical yet challenging aspects. This is where the expertise of a bookkeeper or accountant becomes invaluable. But why exactly do you
The Essential Role of a Bookkeeper or Accountant in Your Business Read More »
Corporate finance is a critical area of finance that deals with how corporations handle funding sources, capital structuring, and investment decisions. It involves managing the necessary actions to maximize shareholder value through long-term and short-term financial planning and various strategies. Let’s explore what corporate finance encompasses and why it is essential for businesses. What is
Corporate Finance: Key Concepts and Importance Read More »
Cash flow management is a fundamental aspect of running a successful business. It involves tracking the inflows and outflows of cash to ensure that a company has enough liquidity to meet its obligations, invest in growth, and handle unexpected expenses. Let’s delve into what cash flow management entails and why it is so important for
Cash Flow Management: Why It’s Crucial for Business Success Read More »
Running a small business comes with numerous financial responsibilities, including managing the Goods and Services Tax (GST). Understanding how GST works and whether your small business can claim it back is essential for effective financial management. What is GST? The Goods and Services Tax (GST) is a value-added tax of 10% on most goods, services,
How Small Businesses Can Reclaim GST: A Comprehensive Guide Read More »