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A Brief Guide To Superannuation Death Benefits

Unveiling an often underestimated yet pivotal facet of superannuation, it’s imperative to shed light on the distribution of death benefits. Superannuation death benefits encompass allocating where a deceased individual’s superannuation funds are to go, or what is to happen with them after their passing. This intricate process demands meticulous consideration [...]

February 8, 2024|Superannuation|

How To Make Your Social Media Pop

Harnessing the power of social media is no longer optional for businesses and individuals alike. Whether you’re a brand looking to expand your reach or an individual aiming to build a personal brand, effective use of social media can be a game-changer. Here are key strategies to help you make [...]

February 7, 2024|Web|

Land Tax – Why An Understanding Of This Facet Of Tax Could Help With Your Yearly Tax Planning

Australia’s land tax is a vital component of the nation’s taxation system, playing a pivotal role in revenue generation for state and territory governments. Understanding the nuances of land tax is essential for property owners, investors, and anyone involved in real estate transactions. Purpose and Administration Land tax is levied [...]

February 6, 2024|Tax|

Reshape The Way Your Business Operates: The Digital Transformation Guide

The ability to adapt and leverage technology is not just an advantage—it’s a necessity for business survival and growth. As a business owner, navigating the digital transformation journey can seem daunting, but the rewards are substantial. Let’s explore the key components of digital transformation and its impact on business operations, [...]

January 30, 2024|Business|
  • How The Small Business CGT Concessions Could Boost Your Super

How The Small Business CGT Concessions Could Boost Your Super

If you're a small business owner gearing up for retirement, selling your business can be a strategic move to give your nest egg that final boost. However, navigating the intricacies of selling a business requires careful consideration, especially when it comes to contributing the sale proceeds to your superannuation [...]

January 29, 2024|Superannuation|

Selling Your Business? These CGT Concessions Could Help Increase Your Super

As a small business owner gearing up for retirement, selling your business can be a strategic move to give your nest egg that final boost. However, navigating the intricacies of selling a business requires careful consideration, especially when it comes to contributing the sale proceeds to your superannuation fund. Let’s [...]

January 29, 2024|Superannuation|

Web Design Principles For The New Year

Creating a successful website involves strategically integrating various design principles to ensure a seamless and user-friendly experience. Here are 6 fundamental design principles that contribute to an effective and engaging website: User-Centered Design The cornerstone of effective web design is the user. A user-centred approach prioritises the needs and goals [...]

January 25, 2024|Web|

How To Navigate Business Challenges In 2024

Stepping into 2024, businesses may navigate dynamic economic, societal, and technological shifts. Successfully navigating these changes requires a strategic and agile approach, which is essential for ensuring sustained growth and resilience in this ever-evolving environment. Here are crucial considerations for businesses as they step into the promising yet unpredictable terrain [...]

January 25, 2024|Business|

Employee Misconduct On Social Media: How To Handle The Unexpected

In the ever-evolving digital landscape, where online interactions endure indefinitely, employers encounter a significant challenge when their employees’ past actions or statements resurface on the internet. The digital landscape allows online interactions to endure indefinitely, a permanent mark that can follow employees to their employment. Employers may thus face a [...]

January 24, 2024|Legal|

Navigating Challenging Times – Understanding NANE Income Versus Assessable Income

The recent spate of extreme weather events during the summer in various parts of Australia has presented unprecedented challenges for small businesses. As a result, the pressing concerns they face may not necessarily revolve around their tax obligations. However, amidst these trying times, business owners must be aware of the [...]

January 22, 2024|Tax|

Business & Profit Matters – Strategies For Managing Your Business

In this issue, the topics include: Refresh Your Succession Plan For Your Business What Challenges Lie Ahead For Businesses In 2024 Change Is On The Horizon: Privacy, Personal Information & Organisations Tackling Burnout In The New Year Landmark ATO Ruling For Employee Classifications Freshen Up Your Marketing Strategy - [...]

January 19, 2024|Newsletter|

Combatting End Of Year Burnout

Increased workloads, looming deadlines, holiday stress, and the pressure to achieve year-end goals often create an emotional mess of exhaustion and overwhelm and can lead to end-of-year burnout. But why is this a concern for you? End-of-year burnout is a prevalent issue, often exacerbated by a combination of factors. The [...]

December 22, 2023|People|

8 Factors That Could Impact Property Investment Decisions

While investing in property can be lucrative, it requires careful consideration and thorough research before making such a significant commitment. If you are looking to make a foray into property investment, understanding key aspects before committing is essential. Market Analysis: Before diving into property investment, conduct a thorough market analysis. [...]

December 20, 2023|Money|

New Rules For Off-Market Share Buy-Backs Now Law

In a move to streamline and align the tax treatment of off-market share buy-backs, the 2023 October Budget introduced changes that have now become law (as of December 2023). These alterations, effective for listed public companies offering off-market share buy-backs post 7:30 pm AEDT on October 25, 2022, bring about [...]

December 19, 2023|Tax|
  • Featured Image Summer Image

Thrive Advice Newsletter – Summer 2023

In this issue, the topics include: Dictionaries Beware! Defining The Objective Of Superannuation What To Do If Your Super Fund Is Underperforming When Are You Allowed To Cash Out Super? Client-Agent Linking For SMSFs Beware Of Illegal Early Access Schemes Understanding & Avoiding Prohibited SMSF Loans Don’t Forget To [...]

December 19, 2023|Newsletter|
  • downsizing

Rightsizing Your Lifestyle: The Art of Property Downsizing

As retirees embrace a new phase in their lives, property downsizing is gaining momentum as a strategic and rewarding financial move. Downsizing isn't just about reducing square footage; it's a lifestyle choice that can offer a range of benefits for those entering their golden years. The Changing Landscape of Retirement Living [...]

December 18, 2023|Superannuation|

The Art of Unplugging: A Guide to Embracing the Right to Disconnect

In an era dominated by technology, where smartphones and laptops seamlessly integrate work into our personal lives, the “Right to Disconnect” concept has emerged as a crucial discussion point. This evolving idea advocates for the freedom of individuals to disengage from work-related communication and responsibilities outside of their designated working [...]

December 15, 2023|Legal|

Do You Know Your FBT Obligations For The End Of Year?

As the holiday season approaches, the excitement of celebrating with your hardworking staff builds up. However, before diving into event planning and staff perks, it’s crucial to consider the potential implications of fringe benefits tax (FBT) on the benefits you provide. Determining whether the benefits you offer are considered entertainment-related [...]

December 14, 2023|Tax|

Don’t Miss Out On The Lodgement Penalty Amnesty!

The ATO’s lodgment penalty amnesty has been extended, providing thousands of eligible enterprises a chance to rectify overdue income tax returns, business activity statements (BAS), and fringe benefit tax (FBT) returns without incurring penalties. The window of opportunity, however, is closing soon – businesses must act before the 31st of [...]

December 12, 2023|Business|

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