One of the most important estate planning decisions you will make is choosing who to appoint as your executor. In general terms, an executor is responsible for identifying, locating, managing and protecting assets and arranging payment of any debts and taxes before distributing the balance of the estate to the beneficiaries in accordance with your […]
READ MORETom’s top 3 productivity tips
A quick google of ‘productivity’ will lead you to an overwhelming avalanche of tips, tricks, hacks, and methods. But what really works? What methods are tried and tested? What could you implement to improve your day to create some more time? In celebration of World Productivity Day recently (20 June) we spoke to Walsh Accountants’ […]
READ MOREQBCC – Calculate your Net Tangible Assets before 30 June
If you are required to report to the QBCC, we encourage you to calculate your net tangible assets (NTA) before 30 June. Your NTA will determine your maximum revenue for the forthcoming year – ensure your NTA is adequate so you can trade at full capacity for the 2021-22 financial year. The minimum current ratio for […]
READ MOREThe true cost of SMSF?
Self-managed superfunds (SMSFs) are popular. Perhaps too popular with almost 600,000 SMSFs managing over $735 billion – more than 25% of Australia’s total retirement assets. This popularity has irritated industry and retail funds with a steady stream of large member balances being transferred to SMSFs right when they were most profitable. Members were advised and […]
READ MOREWhat changes on 1 July 2021?
With the new financial year just around the corner, it’s time to understand what will change and how this will affect you and your business. This year there are three changes that effect business and another four changes centred around Superannuation. Business Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee […]
READ MOREFinalists for the Australian Accounting Awards 2021
Walsh Accountants has been shortlisted as Finalists for the Australian Accounting Awards 2021 Scott Coghlan – Superannuation Specialist Accountant of the YearWalsh Accountants – Boutique Firm of the Year Accounting professionals have been at the forefront of the economic crisis, a time which saw unprecedented change and constant obstacles and challenges. The 2021 Australian Accounting […]
READ MOREBusiness Basics Grant
The Business Basics grants program provides support to businesses to increase core skills and adopt best practice. This support includes funded activities in 5 priorities: Professional business advice Business continuity and succession Training and coaching Website build or upgrades Strategic marketing services Business Basics Grant Program – Key Details Eligible business size: Small […]
READ MOREBudget 2021-22: The Balancing Act Budget
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget on 11 May 2021. This was possibly the most anticipated budget in history as the government outlines its plans for economic recovery post-COVID. THE BIG NUMBER: Good news is Australia has experienced a stronger than expected economic recovery from the COVID-19 recession. This […]
READ MORETax planning strategies
Tax Planning is the epitome of creative accounting. It gives your Accountant the chance to look at your financial position and take advantage of numerous strategies and initiatives available to you to minimise the amount of tax you have to pay. 2021 is a particularly exciting year because there are multiple federal government budget announcements […]
READ MOREIncrease to employer super contribution rate
The minimum percentage employers are required to pay is set to increase with the next increase to 10% due on 1 July, 2021. The scheduled increase of the super guarantee rate from 9.5% to 10% on 1 July 2021 is still yet to be officially confirmed by the Federal Government, with Australian Treasurer Josh Frydenberg […]
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