For many people, their tax refund is treated like a mini lottery win. This tax time, consider putting your "gift" from the ATO to good use and silencing the part of you that wants to fritter it away on things that expire.
From sporting clubs or environmental groups to many charity associations, volunteers are an indispensable workforce and support network for many organisations. For most, if not all, having volunteers ready to lend a hand is pivotal in them being able to function or survive.
The 2016-17 Budget, announced by NSW Treasurer Gladys Berejoklian recently, has tweaked the government's Jobs Action Plan, which provides payroll tax rebates for eligible businesses hiring new staff.
Starting from July 31, 2016, businesses will only be eligible for the rebate if they employ 50 or less full-time equivalent (FTE) employees.
What do you do when your firmly held benefits turn out not to be true?
When Casey Gerald's religion failed him, he searched for something new to believe in - in business, in government, in philanthropy - but found only false saviors. In this moving talk, Gerald urges us all to question our beliefs and embrace uncertainty.
This month's Business in Focus is New Zealand resident and property developer Stuart Pinfold who is building an exciting new development on the shores of lake Wanaka, New Zealand, called Stackbrae, Lake Wanaka.
We speak with Director Stuart Pinfold to learn more about this amazing development and the attractiveness to both Australian and New Zealand property buyers.
New withholding rules on the sale of property by foreign residents have been introduced. This essentially turns property buyers into potential tax collectors.
The ATO says that this year it will pay extra attention to people whose deduction claims are higher than expected, in particular those claiming car expenses.
The expenses the ATO says it will be scrutinising can include claims by those transporting bulky tools, and deductions for travel, internet and mobile phone as well as claims for self-education expenses.
Wrapping a car into a salary package is a popular choice. Doing so by salary sacrifice often raises the topic of novated leases. Is it worth it?
Trust: How do you earn it? Banks use credit scores to determine if you're trustworthy, but there are about 2.5 billion people around the world who don't have one to begin with - and who can't get a loan to start a business, buy a home or otherwise improve their lives.
We speak with Director, Victoria Karozis, on behalf of owner, Alma Bogie on the success of her seafood restaurant and discuss the mindset shifts within the business.
Business email scams are an increasingly common fraud and many businesses around the world are losing hundreds of thousands of dollars. The FBI stated that thieves stole US$2 billion from US businesses from October 2013 to February 2016. Many Australian businesses are also being targeted.
Smart budgeting is a crucial component of long-term financial success for people of all ages, even if you are financially stable and hold healthy reserves of assets and wealth.
Is it possible to run a company and reinvent it at the same time? For business strategist Knut Haanaes, the ability to innovate after becoming successful is the mark of a great organisation.
He shares insights on how to strike a balance between perfecting what we already know and exploring totally new ideas - and lays out how to avoid two major strategy traps.
Trust structures and their use can often be misunderstood - we demystify some of the jargon.
Providing fringe benefits goes hand-in-hand with the task of retaining good and loyal employees as well as attracting new talent for your business. However, the types of benefits provided can sometimes relieve the compliance headache.
The thought of retirement planning seems to be looming in the back of many Australian's minds, but is consistently pushed back when life events arise.
A diversified investment portfolio has the potential to generate an income that you could use now or put away for your future. To achieve this desired income, you need to work with a financial adviser to set realistic goals and a clear plan for how you will achieve them. In this article, we help clarify what expectations you might set in order to achieve this desired investment income.
How do creative people come up with great ideas? Organisational psychologist Adam Grant studies "originals": thinkers who dream up new ideas and take action to put them into the world.
We speak with owner, James Nouri, on the success of his cafes and restaurants on the coast and discuss the challenges he and his team experience in the day-to-day operations of the business.
Most people choose to see a financial adviser at significant turning points in their life, according to David Evers from Gosford Accounting and Financial Planning firm Robson Partners.
David Evers says “I usually see people set up a meeting for advice when starting work or changing jobs and looking at superannuation options.”
On the back of our successful acquisition of Broadview Accounting in September last year, we are now are excited to announce our recent acquisition of Erina accounting firm, Hypertax.
We speak with Sally Maxwell, business owner of My Baby Basics on her startup success and discuss the challenges she and her team face.
Proper forecasting is essential for the long-term success of your business – particularly when it comes to cashflow.
Cashflow is generally cited by the small business owners I work with, as their NUMBER ONE concern. Many are regularly caught unaware by cashflow shortages, a situation which in turn severely restricts their ability to grow their business as they’d like.
As with most life goals, a financial objective is hard to meet without a plan. On the other hand, discussing the process with a professional, putting pen to paper and envisioning the steps to long-term success brings that goal into focus and makes it a reality.
From February onwards, the registrar of the Australian Business Register will begin cancelling the Australian business numbers (ABNs) of certain trusts.
When it comes to superannuation and retirement savings, it seems that size really does matter.
Can global capital markets become catalysts for social change?
This month's Client in Focus is Gourmet Organic Herbs.
We speak with Anibal on the success of his and his wife's business and explore the challenges they currently face.
On Friday, 4 March 2016, Client Service Manager Debbie Bloffwitch and client Sally Hart participated in the Coastrek 55km team trekking challenge which journeyed from Palm Beach to Balmoral in support of The Fred Hollwows Foundation and their work towards ending avoidable blindness here in Indigenous Australia and in developing countries around the world.
From Friday 16 October 2015, the new fitness for work amendments to the Building Code 2013 commenced for all building contractors covered by the Building Code. Fair Work Building & Construction (FWBC) is responsible for monitoring compliance with the Building Code and will have a three stage approach to auditing the drug and alcohol testing requirements.
The Tax Office has released an app to help individuals record and manage income tax and work-related expense deductions over an annual period.
Estate planning involves much more than having an up to date WIll. It is more important to ensure that your assets are distributed in the most effective manner and without adverse tax consequences for your beneficiaries.
The water hyacinth may look like a harmless, even beautiful flowering plant - but it's actually an invasive aquatic weed that clogs waterways, stopping trade, interrupting schooling and disrupting everyday life.
In this scourge, green entrepreneur Achenyo Idachaba saw opportunity. Follow her journey as she turns weeds into woven wonders.
Our client in focus for this month is Central Coast Disability Network.
We speak with CEO, Jenny MacKellin, on the establishment of the organisation, discussing its' changes over time and how the team has responded to recent challenges within the industry.
Small business and individual taxpayers hit with hefty tax bills that they want to dispute will continue to be held guilty until proven innocent, and the Australian Taxation Office won't have its appeals and compliance functions split under a separate commissioner, the Federal Government has said.
There is a concession in the CGT rules that can allow a taxpayer to treat a property as their "main residence" even though it does not yet have a habitable dwelling.
Downloadable, printable clothing may be coming to a closet near you. What started as designer Danit Peleg's fashion school project turned into a collection of 3D-printed designs that have the strength and flexibility for everyday wear.
"Fashion is a very physical thing," Danit says. "I wonder what our world will look like when our clothes will be digital."
Our client in focus for this month is Cateraid.
Passionate owner, Greg Stephenson, shares with us the success of his business and discusses the challenges he and his team overcome on a day-to-day basis.
The Australian Taxation Office expects to contact more than 350,000 taxpayers who have errors in their tax returns and cross-check data from third parties as it moves to clamp down on dodgy claims.
The NSW Parliament has passed the Retail Trading Amendment Bill 2015 (NSW) which will allow all shops across NSW to open their doors on Boxing Day. It is important to note that employees must freely elect to work and there are significant penalties for employers who roster workers without their consent.
Don't let the Christmas holidays undo your great work throughout the year. Be aware of spending patterns to turn silly season into savings season.
Given the choice between a job candidate with a perfect resume and one who has fought through difficulty, human resources executive Regina Hartley says to always give the "Scrapper" a chance.
As someone who grew up with adversity, Hartley knows that those who flourish in the darkest of spaces are empowered with the grit to persist in an ever-changing workplace.
"Choose the underestimated contender, whose secret weapons are passion and purpose," she says. "Hire the Scrapper."
Robson Partners recently raised a significant sum of money and chose to donate this money to Coast Shelter, a local organisation helping those in need here on the Central Coast. We speak with Executive Officer, Laurie Maher, to discuss the support they provide to disadvantaged people and how they have grown to become a well known "safe place" on the Coast.
There may be several positives to come out of the government's push for tax reform, with the various submissions to its Re:think initiative from industry and the wider taxpaying community.
The Federal Parliament has finally passed a range of changes that have been 'log jammed' in the Senate for well over a year now.
There seems to have been an increase in phishing scams using Xero's branding. A phishing scam is when a malicious email targets people by pretending to be from a legitimate company like Xero or a bank, to gain sensitive information such as login credentials.
Making toast doesn't sound very complicated - until someone asks you to draw the process, step by step. Tom Wujec loves asking people and teams to draw how they make toast, because the process reveals unexpected truths about how we can solve our biggest, most complicated problems at work.
Learn how to run this exercise yourself, and hear Tom's surprising insights from watching thousands of people draw toast.
We speak with owners, Jason and Melanie Stenning, on the expansion of their business and their success over the last 12 months.
It's something of a little white lie, isn't it - the one told to aspiring small business owners and entrepreneurs is that hard work guarantees success.
Avoiding common financial traps by following some very simple steps could provide a healthy boost for your savings and retirement wealth. Here we outline several everyday errors that could affect anybody - from first-time savers to serious investors.
We speak with owner, Nicole Dimech, on the successful expansion of the family business, and discuss the challenges faced when merging two businesses.
This tax time the Tax Office is specifically targeting excessive or inappropriate deductions made by rental property owners.
The Tax Office has revealed four problem areas where landlords may be incorrectly or inadvertently claiming deductions that don't suit their circumstances. They've also included case studies so that landlords can clearly and easily identify if they're being compliant in these areas.
When email first started infiltrating its way into mainstream business culture, it was very exciting for email novices to receive a notification for their inbox.
Fast forward a couple of decades and most desktops and smartphones are brimming with notifications of bursting inboxes, adding far more stress than excitement to the daily lives of email users. If your inbox is starting to rule your life, we've got a few tips to help you take back control and stop being a slave to your email.
A healthy lifestyle is a smart investment in the future, not only for you but also for your family. What does science say an individual can do to improve their chances of longevity?
What makes work satisfying? Apart from a paycheck, there are intangible values that, Barry Schwartz suggests, our current way of thinking about work simply ignores. It's time to stop thinking of workers as cogs on a wheel.
Robson Partners are excited to announce their recent acquisition of Talos accounting practice, Broadview Accounting via a private sale agreement.
The Small Business Grant is designed to encourage small businesses that do not pay payroll tax to employ new full-time, part-time and casual workers and expand their enterprises across NSW.
Every business needs capital to grow. You have to hire staff, purchase equipment and invest for the future. That need is even more important for small businesses, but for many, capital can be hard to come by.
Many valuable lessons are learned throughout life. One of the most important to pass on to kids is about the value of money. But how do you do it?
At the online University of the People, anyone with a high school diploma can take classes toward a degree in business administration or computer science - without standard tuition fees (though exams cost money).
Founder Shai Reshef hopes that higher education is changing "from being a privilege for the few to a basic right, affordable and accessible for all."
We speak with Practice Manager, Donna Makepeace on the operation of the business and the success it has experienced.
The Tax Office says before taxpayers complete their tax return, there are some changes people need to be reminded of, just in case these changes will have an impact on their tax returns.
Dog food, Xboxes and make-up for dead people are just some of the bizzare claims the ATO will allow.
Success in generating long-term wealth has a lot to do with awareness of the tricks money can play on your mind. How many of these do you recognise?