Closing The Gap Gender Superannuation

Closing The Gap: Gender & Superannuation

There exists a persistent and concerning gender gap in superannuation. Women often find themselves disadvantaged compared to their male counterparts when building wealth for their golden years. Superannuation plays a crucial role in this narrative, whether via income, career breaks or even Australia’s retirement savings system. Let us explore the factors contributing to the gender…

Explaining The New Reporting Regime For The Sharing Economy

Explaining The New Reporting Regime For The Sharing Economy

The Sharing Economy Reporting Regime (SERR) represents a significant development in Australia’s tax landscape, requiring certain businesses operating in the sharing economy to report specific transactions to the Australian Taxation Office (ATO). Commencing from 1 July 2023 for selected industries and expanding further from 1 July 2024, SERR aims to enhance tax compliance, increase transparency,…

Chasing Up End Of Year Invoices

Chasing Up End Of Year Invoices

As the calendar year draws to a close, businesses often find themselves in a familiar but often challenging position – chasing invoices. A healthy cash flow is the lifeblood of any business, providing the necessary resources for day-to-day operations, expansion, and resilience in the face of unforeseen challenges. Timely invoice collection at the end of…

Unlocking Business Value Essential Steps to Determine Your Companys Worth

Unlocking Business Value: Essential Steps to Determine Your Company’s Worth

Determining the value of your business is a critical step when contemplating a sale. Unfortunately, a significant number of business owners are unaware of the monetary worth of their enterprises. The process of ascertaining the financial value of your business is not a straightforward formula but rather a nuanced assessment involving several key factors. Additionally,…

Superannuation Misconceptions Australians Have…

5 Superannuation Misconceptions Australians Have…

Superannuation, often called ‘super,’ is a vital part of Australia’s financial landscape. It’s a retirement savings system intended to provide financial security in your golden years. However, despite its widespread use and importance, there are several common misconceptions about superannuation that many Australians hold. Let’s shed light on some of these misconceptions and clarify how…