Team area
Focus Advisory
We are passionate about improvement. We value building strong relationships.
Focus Advisory
Our specialised Focus Advisory team understands the significant commitment made by business owners and entrepreneurs. When it comes to your business growth and improvement, we share your drive, persistence and passion.
Everyone needs a network of people they can turn to. For entrepreneurs and business owners these support networks can make all the difference. Take comfort in the knowledge and trust of experienced and well connected business advisors, who can help guide you to grow and improve your business.
Let’s unleash your potential
We specialise in assisting business owners and entrepreneurs achieve their goals and manage performance; assess and prioritise the important business decisions made every day; and, develop growth strategies, which unleash the potential of your business and your people. We believe in providing high value services and our dynamic service offering adds value and expertise to suit your business.
How can Walsh Accountants Focus Advisory help you?
How strong is your strategy?
Disruption and transformation are pervasive themes across the majority of industry sectors. A strong strategy is not only well defined and tailored to leverage business strengths, it must be relevant to the current climate. Leaders who regularly revisit their strategy and objectives give the business the best chance at success and we want to help you achieve your goals. We can assess the strength of your current strategy and your targets. We also offer strategic planning and goal setting workshops where we facilitate the development of your strategy and set goals.
In addition, having access to quality information enhances your ability to manage the performance of your business. We have extensive experience in management reporting and financial modelling. Our team provides commercial acumen and performance management expertise to complement your strengths and help you achieve your goals.
Decision support
Making big calls is part of business. Having confidence in the decisions you make is immensely important. Our team can help you assess your options by analysing the commercial and financial implications of different outcomes. We understand that a business owner’s time is spread across all facets of their business. We excel at distilling and prioritising the key issues to focus the business’ attention on what matters most. Gain confidence by using our decision support service.
Looking to explore growth opportunities and create long term value?
Dedicated business leaders are always seeking opportunities for growth and improvement. Through our Virtual CFO capability, we deliver a fresh perspective and business insights to identify growth opportunities and potential areas for improvement. There are many businesses which are emerging out of hibernation from the after effects of COVID-19 and the associated economic down turn. The Focus Advisory team is available to help to you to refresh, reload and relaunch.
Taking advantage of government
stimulus and incentives
Our grant specialists can help you assess your eligibility to capture some of this funding for your business. Grant writing is a refined skill – our specialists have significant experience in this area and have helped many clients through this process.
Are you on the cutting edge of developing new products or are you researching a method to do so? You may be eligible to engage in research and development (R&D) incentives from the Federal Government. Our R&D specialists can assess your activities, prepare you for the application process and prepare or review your application ahead of submission.
Is your business growing rapidly?
Growing pains are a common occurrence. To maximise your opportunities it’s important to be ready to deal with these issues proactively. We can assist you identify potential issues early and prepare you to cope with them. Rapid growth is a good problem to have, let our Focus Advisory team help you take full advantage of this phase.
Are you in the process of, or considering buying a business?
We have extensive transaction advisory experience and work closely with our Business Purchase specialist team when providing structuring advice. We offer buy-side due diligence to give you confidence that the numbers stack up and our knowledge allows us to identify and raise key commercial risks with you. Increase your confidence in the numbers so that you can focus on the day to day operational aspects of the acquisition.
Do you intend to realise the value of your existing business assets through a sale
in the future?
In conjunction with our Business Sale specialist team, we assist in preparing businesses to achieve their optimal value for sale through management coaching and defensive due-diligence. Decisions you put in place now can have a multiplied value outcome in the future and during a sale process.
How do you stack up against your competitors?
Understanding how you are placed in the market can greatly enhance your decision making. Our benchmark analysis is designed to give you clarity on the differences between you and your competitors. Overcome the potential areas of complacency in your business and continue to improve your performance.
Key areas of expertise
Virtual CFO
Performance management
Financial modelling
Decision support and feasibility analysis
Strategic planning and goal setting
Budget and projected cash flow preparation
Transactions: acquisition and divestment advice
Government stimulus and grants advice
Research and development advice
Benchmarking
Board of Advice meetings
Coaching for owners and key staff
Return on investment analysis
Internal systems review and advice
International expansion and structuring
What sets us apart from other firms offering advisory services?
We are in the business of business – we live it; breathe it; and we love it! Our Focus Advisory team thoroughly enjoy working with their clients and watching them achieve their goals and growing their businesses and their profit beyond their belief.
We work very closely with our clients, becoming an integral part of their support network. Helping to hold them to account each month/quarter; it is incredible the profound and positive impact this has on their overall position – immediately and long term.
Let us share our experience and passion with you – contact our Focus Advisory Team today so see how we can help you and your business.
Focus Advisory
For the best business advisory and decision support services on the Gold Coast, contact the team at Walsh Accountants. We take time to learn about you and your business, understand your goals and objectives, and help you to grow and improve your business.
Team members
Managing Director
Senior Manager
Senior Manager
Senior Manager
Our Awards
News from this team
Business Growth Resources, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business, Corporate and International Tax, Making your Numbers Talk
In today’s dynamic business landscape, understanding the intricate relationship between profit, cash flow, and overall business value is paramount. While many business owners can decipher profit and loss statements, the gap between profit and cash flow often remains a mystery. This article serves as a guide for business owners seeking to harness the power of […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
What is Fringe Benefits Tax (FBT) Fringe Benefits Tax (FBT) is a tax levied by the Australian government on certain benefits provided by employers to their employees, their employees’ family members, or other associates in connection with employment. These benefits are separate from an employee’s salary or wages and can include perks such as the […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
As the holiday season approaches, it’s time for businesses to gear up for the unique challenges that come with managing finances during the festive period. Here are our top 10 strategies to help business owners maintain a healthy cash flow and ensure smooth operations during Christmas and New Year: 1. Send invoices early: Be proactive in […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
As the holiday season approaches, business owners often grapple with a pressing question: “How can I maintain cash flow during the Christmas and New Year period?” The ability to manage cash flow effectively during the festive season is fundamental and can significantly impact your business success going into the new year. In this comprehensive article, […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
Stay ahead of the competition in today’s dynamic business landscape by gaining a comprehensive understanding of industry trends, performance benchmarks, and best practices. Our Industry Benchmarking Report empowers you to assess your business against the industry standard, providing a clear picture of where you stand. What will you discover with our Industry Benchmark report? Discover […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
In the dynamic landscape of business, owners frequently face challenges that require them to adapt and evolve. It is crucial to recognise the trigger points that indicate the need for a review of the business structure, and to be proactive in seeking professional guidance. By engaging in such discussions, business owners can understand the potential […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
Let’s be honest, no one enjoys paying tax – and you should never pay more than you have to. This is why smart tax planning strategies are so important! As we approach the end of another tax year, it’s time to take a proactive approach to managing your taxes. In this article we will share […]
News, Business & Entrepreneurial Support, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
As a business owner, you must assess whether you are obligated to report FBT for your employees. FBT, or Fringe Benefits Tax, is a tax that is levied on non-cash benefits that employers provide to their employees in addition to their salary or wages. We have received notice from the ATO they are beginning to […]
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family groups will pay higher taxes because of the ATO’s more aggressive approach. For reference, […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
With the instant asset write off scheme set to expire on 30 June 2023, business owners have very little time left to purchase assets to claim the full deduction this financial year. What is the instant asset write-off? The instant asset write-off is a tax deduction that allows businesses to claim an immediate deduction for the […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
At Walsh Accountants, our team are committed to elevating your understanding of numbers to help you manage and grow your business. Use these 8 practical accounting tips to run your business seamlessly. 8 top tips to understand and connect with your numbers Using reporting tools (such as Xero, MYOB, etc. or Business Insights and Dashboard reporting […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
Now is the perfect time to set goals for your business to make 2023 your most successful year yet! Having clear goals set for yourself and your business provides a sense of direction, motivation, and a clear focus on what you are trying to achieve for the year ahead. In this checklist you will find: […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
Thanks to new amendments and legislation passed in October 2022, Queensland small businesses looking to restructure by transferring assets from a sole trader, partnership or discretionary trust structure to a company structure can continue to access either a full or partial duty exemption on the transfer. This makes business restructures not so taxing on business […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
The RBA has lifted the cash rate over consecutive months. That leaves us to ask a very important question – How high will interest rates go? Earlier, Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “…we’re going through a process now of steadily increasing interest rates, and there’s more of that […]
Women in Business, News, SMSF Division, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism
If you’re a company director, you must apply for your Director Identification Number (director ID) before 30th November 2022. What is a director ID? The director ID is a unique 15-digit identifier that directors apply for once and keep forever. It is aimed at preventing the use of false or fraudulent director identities. As a […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
In a tight economy, a complaint we are hearing from business owners is customer fear of spending and the time it takes to achieve a sale. So, what can you do to overcome their fears and speed up the sales process? Sell the solution not the product Branding is wonderful but unless your brand is […]
Women in Business, News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism
To protect personal assets, it’s important that business owners operate and structure deliberately, and in a way to remove asset ownership from ‘at risk’ individuals. Why? Because everyone in business is carrying a level of risk as things can, and often do go wrong. There are a number of options that can be taken to […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
With the 2022 tax season in full swing, the Australian Taxation Office (ATO) has revealed its top four tax time targets – these are the areas of focus this tax season where people tend to make the biggest mistakes. These are: record keeping work related expenses rental property income and deductions, and capital gains from […]
COVID-19, Women in Business, Corporate and International Tax, News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Research and Development and Innovation
After easing off on its debt collection activities during the height of the COVID-19 pandemic, the Australian Taxation Office (ATO) is now ramping up debt collection, actively pursuing the recovery of billions of dollars in outstanding tax liabilities. As a key part of the recovery program, the ATO has been writing to individuals and businesses […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
You have a Div 7a loan, but you’re confused as to how, why, and what to do from here. In this this article we attempt to demystify Div 7A loans and explain everything you need to know. What is Div 7A? Division 7A prevents private companies from making tax-free distributions of profits to shareholders or […]
News, Business & Entrepreneurial Support, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up and how it will affect your business. 1 July 2022 changes for business Superannuation Guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase […]
Hospitality and Tourism, Women in Business, News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists
Temporary immediate full expensing of assets means businesses can immediately deduct the purchase cost of eligible new and second-hand* assets. Is your business eligible to immediately deduct assets? Businesses that are eligible need to have an aggregated turnover of less than $5 billion. For businesses with an aggregated turnover of less than $50 million, temporary […]
News, Complex Individuals, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism
Do you have a Discretionary Trust? (also known as a Family Trust) Yes – well, you need to complete your trust distribution resolutions before 30 June. Failure to do so could see you paying extra tax of up to 47% of Trust profits. How can this happen? If a Trustee of a Trust fails to […]
Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business, Making your Numbers Talk, Business Growth Resources
Understanding the Significance of Cost of Sales or Cost of Goods Sold (COGS). Cost of Sales (also referred to as Cost of Goods Sold [COGS]) is a very important financial performance metric, as it tracks your ability to manufacture/deliver goods and services at a reasonable cost. It represents the direct costs related to the manufacturing […]
News, Complex Individuals, Business & Entrepreneurial Support, Focus Advisory, Women in Business, Corporate and International Tax
The ATO has finalised its position on the allocation of profits from professional services firms – starting 1 July 2022. For some time, the ATO has been concerned about how professional services firms are structured – specifically, professional practices such as lawyers, accountants, medical practices, architects, engineers, etc., operating through trusts, companies and partnerships of […]
News, Complex Individuals, Business & Entrepreneurial Support, Focus Advisory, Walsh Health, Women in Business, Corporate and International Tax
The ATO has updated guidance for trust distributions made to adult children, corporate beneficiaries and entities with losses. Depending on how arrangements are structured, there is potential for significant level of risk. Released in February 2022, the updated guidance directly targets how trusts distribute income. As a result of the ATO’s more aggressive approach, many […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, COVID-19, Women in Business
As challenging conditions brought on by the COVID-19 pandemic continue to put stress and strain on businesses, a growing number of business owners have sought advice and support from their professional advisors as well as their family/friends, colleagues and suppliers. The top 5 challenges facing businesses owners continue to be: Recruitment and labour shortages Supply […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, COVID-19, Women in Business
Businesses struggling with the COVID-19 Omicron wave of the pandemic have been offered new financial support grants in NSW, SA and WA. These grants have just been announced by the three state governments and will be a very welcome cash injection for struggling small businesses. New South Wales The NSW government has announced a $1b […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
The beginning of the New Year is the perfect time to sit back and reflect on the year that has passed and get excited for the opportunities in the year ahead. Having clear goals set for yourself and your business provides a sense of DIRECTION, MOTIVATION and a clear FOCUS on what you are trying to […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism
Great news! The Queensland government has announced another grant available for Queensland businesses. The Business Boost grants program provides support to businesses to advance improvements in their efficiency and productivity. Your business may be eligible to receive a grant payment of up to $15,000 (excluding GST) to your proposed project. This support includes funded activities in 3 project areas: Future planning Specialised and automated software […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism
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’ […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Government Grants, Women in Business
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 […]
Walsh Health, Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business, News, SMSF Division, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory
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 […]
Hospitality and Tourism, Women in Business, Corporate and International Tax, News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists
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 […]
Hospitality and Tourism, Women in Business, News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists
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 […]
Business Sales Specialists, Hospitality and Tourism, Women in Business, News, SMSF Division, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health
The carry-forward rules allow you to make extra concessional contributions – above the general concessional contributions cap ($25,000 per year). An unused cap amount occurs when the concessional contributions made in a financial year were less than your annual concessional contributions cap. This carry-forward arrangement means you can contribute funds up to the unused concessional […]
Hospitality and Tourism, Women in Business, News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists
As part of the 2020–21 Budget, the government announced that it will provide support to businesses and encourage new investment through a loss carry back regime. Eligible corporate entities that previously had an income tax liability in a relevant year and have subsequently made taxable losses can claim a refundable tax offset up to the […]
Women in Business, News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, COVID-19
On the 11th March, Prime Minister Scott Morrison announced a $1.2 billion stimulus package to support the domestic tourism sector with Australian travellers offered half-price flights to travel interstate. As part of its targeted support announcement, the Morrison government also announced an extension to and expansion of, its SME Loan Guarantee Scheme. Open to recipients […]
Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business, News, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health
Identifying and embracing new ideas is a challenge for many businesses, especially those businesses who have not made this a key focus of their culture. This can be a major source of frustration for business leaders who realise that in order for the company to be as successful as it can be, it must be […]
Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business, News, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health
One of the measures announced in the 2020-21 Budget was the temporary immediate expensing of depreciating assets. These rules allow businesses with an immediate deduction of 100 per cent of the cost of eligible depreciating assets. When is the eligibility period? The rules apply from budget night 6 October 2020 and will run through until 30 June […]
Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business, News, SMSF Division, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health
From 1 July 2021 the Transfer Balance Cap* (TBC) will increase by $100,000 from $1.6M to $1.7M. However, only members who have not yet commenced a pension will be eligible for the full increase with a new cap of $1.7M. If you have an already established pension, you will receive a proportional increase based on the unused […]
Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business, News, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health
Many business owners become frustrated when their advisers don’t understand them or their business as well as they would expect. Whilst many business owner’s goals are similar, from an adviser’s perspective, there is such a wide variety of both long-term and short-term objectives that business owners have. Overlay these with the differences each business owner […]
The 2020-21 Federal Budget incorporates the largest government spending package in over 60 years. As specialists in business and entrepreneurial support, we are excited by some of the measures that have been announced and the positive impact they can have on our clients businesses. We would like to draw your attention to what we believe […]
Walsh Health, Show in Business in Australia, Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, News, SMSF Division, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory
Treasurer, Josh Frydenberg has delivered the Coalition Government’s Federal Budget 2020-21. Rather than focusing on bringing the budget back to surplus which has been the case in previous years, this year it is focused on rebooting the economy and creating jobs. Taxation JobMaker Hiring Credit Economy 2020/21 Federal Budget Highlights Taxation The Morrison Government will […]
Now more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent. So, how do you plan for uncertainty when every assumption is subject to change? Now […]
Jobkeeper is scheduled to end on the 30th September With government support programs due to end on the 30th September, business owners (and individuals) have 10 weeks to prepare themselves to survive without government financial assistance. Some industries have been hit harder; and will take longer to recover than others. No one truly knows what […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Research and Development and Innovation
This grant will assist QLD small businesses who have been forced into hibernation, or who had to significantly change business operations as a result of the pandemic. The program aims to help small business prepare for safe resumption of trading and recovery and access new opportunities to relaunch their business. The grant amount is a […]
As restrictions start to ease, it is time to plan your pathway out of hibernation and help unleash your potential in the post COVID-19 business world. Refresh, Reload, Relaunch planning Designed to allow you to think critically about your business, the direction you need to take out of hibernation, and the action steps that need to be […]
Deep strategy work is time-consuming because the marketplace is constantly changing. If you’re looking to effectively relaunch your business right now – time is of the essence so speed trumps precision. Review and define your strategy using these tools, worksheets, and asking yourself key strategic questions. Identifying your Strengths, Weaknesses and Trends will help get […]
It has been said that your people are the most valuable resource as every element of your business circles back to your people. By understanding and nurturing the human element to your organisation, you’ll be more profitable, lead more effectively, create brand loyalty, close more deals, and produce better work. However, you need to ensure […]
Act Now – you don’t want to look back with regrets to what you didn’t do, or what you didn’t take advantage of We need to adapt to the changes that are happening around us and accept that this will mean mistakes will be made. We need to be willing to fail fast, learn from […]
In order to have the ability to protect and support your company, your employees, and your customers – you need to stay alive. Cash; or access to it, will be the lifeblood you need to do this. For any business to survive, cash flow is undeniably the single most important factor determining its propensity for […]
Failing to plan is planning to fail. Business owners need to be proactive during uncertain times to avoid business catastrophe and unnecessary sleepless nights. The following 8 steps are for business owners to consider to survive then thrive. Step 1: Assess future sales revenue for the next three months –what do you need to keep […]
The Australian Government has introduced the JobKeeper payment to enable coronavirus effected businesses to retain staff and help them keep their businesses open; and bounce back after the crisis. From 30 March 2020, eligible employers can claim $1,500 per fortnight per eligible employee for 6 months ending 27 September 2020, with the first payments being […]
News, Business & Entrepreneurial Support, Focus Advisory, Walsh Health, Research and Development and Innovation
RACGP Foundation and HCF Research Foundation are offering a Research Grant to General Practitioners for Impact of COVID-19 on General Practice. Purpose: Research to understand the impact of the COVID-19 pandemic on general practice. (e.g. the use of telehealth and telehealth item numbers and evaluation of COVID-19 clinics) Funding provided by RACGP Foundation and HCF […]
You have identified that your business activities are eligible for the Research and Development (R&D) Tax incentive and you have registered the activity with Innovation Australia. So it’s straight forward to make a claim now, right? Unfortunately not. With the ATO focusing on R&D with increased compliance and audit focus, there are important rules that […]
The Research and Development (R&D) Tax Incentive registration deadline for those companies with a 30 June 2019 year end is rapidly approaching with the statutory deadline for lodging an application for the year ended 30 June 2019 being 30 April 2020. Eligibility Criteria for R&D Tax Incentive You can only benefit from the program if your initiatives […]
This program provides targeted assistance for small and medium business that demonstrate high-growth and employment aspirations. The fund will enable successful applicants to purchase and implement specialized equipment to help them seize growth opportunities. Funding of up to $50,000 (excluding GST) is available for eligible businesses to purchase and implement highly specialized equipment. These purchases […]
As we begin the New Year, many people set themselves to the task of making New Year’s resolutions for themselves. If you are a business owner and you want to continue to grow your business, then perhaps you should consider making resolutions and setting some goals for your business? By setting goals for your […]
In 2014, the ATO offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that underreporting of foreign income is an issue but this time there is no amnesty – the gloves are off. How and what you are taxed depends on your residency status. The residency tests don’t […]
Are you, or anyone you know, in Manufacturing? Could you/they benefit from The $50 million Manufacturing Modernisation Fund Earlier this month, our Principal Consultant Gavin Austin attended an AusIndustry briefing on a new “Manufacturing Modernisation Fund”. The fund will potentially benefit any SME manufacturing business Applications for this grant close at 4.00 pm Thursday 31 October, […]
A consistent theme this tax time is over-claiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its approach to data matching, taxpayers can expect greater scrutiny where their claims are more than what is expected. Your BUSINESS There are around 3.8 million small businesses, including 1.6 million sole […]
A consistent theme this tax time is over-claiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its approach to data matching, taxpayers can expect greater scrutiny where their claims are more than what is expected. Your TRUST Timing of resolutions Trustees (or directors of a trustee company) need […]
This is a Budget not only designed to showcase the return to surplus (and by default the Government’s economic credentials) but engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure spend adds to this sentiment. The Government has also stated that it will keep taxes as a share of […]
The Australian Tax Office (ATO) is utilising data provided by the Australian Investments and Security Commission (ASIC) to data match share trades. The ATO is accessing more than 500 million records detailing price, quantity and time of individual trades dating back to 2014. The information complements information that the ATO already holds from brokers, share […]
For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit list’ are home office expenses. We guide you through what you can and can’t claim if you work from home. Last financial year, 6.7 million taxpayers claimed […]
SMSF Division, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health
We are very honoured to announce that Walsh Accountants has won the 2018 Tax and Compliance firm of the Year for the SMSF & Accounting Awards. Shape We humbly accept this award and would like to take this opportunity to once again thank our clients for the nomination. We really appreciate your recognition of our work and […]
How the ATO identifies audit targets The ATO is very upfront when it comes to their compliance activity. Every year they publish small business benchmarks that outline what a typical business ‘looks like’ in different industries. If your business falls outside of those benchmarks, the ATO is likely to take a closer look at why that […]
A recent Parliamentary Inquiry into Tax Deductions created some fairly sensational headlines about what and how deductions are being claimed – $22 billion worth to be exact. In Australia, tax deductions are available for expenses incurred in producing assessable income. These are generally work-related deductions or investment related deductions. And, unlike some other countries, these expenses can […]
