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 [...]
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 [...]
2024 Business Resolutions – How To Make Yours Work For You
With business operations underway, a new calendar year presents a perfect opportunity for entrepreneurs and business professionals to reflect on the past and set the stage for future success. Crafting a meaningful business resolution is not just about setting lofty goals; it’s about creating a plan that resonates with your [...]
8 Skills That Could Make Or Break Your Career’s Next Decade
In the ever-evolving landscape of the business world, staying ahead requires both adaptability and a proactive approach to acquiring essential skills. As we look ahead to the next decade, specific business-related skills are poised to become increasingly invaluable. Here are key competencies that could make all the difference in your [...]
Why Are The Stage 3 Tax Cuts The Subject Of Discussion At The Moment?
In a significant move poised to benefit a broader population segment, the Australian federal cabinet has approved changes to the stage-three tax cuts package, set to come into effect from July 2024. The proposed amendments bring about a more equitable distribution of tax benefits, with Australians earning less than $150,000 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
Understanding Non-Assessable Non-Exempt (NANE) Income Through Disaster Grants
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, it is crucial for business owners [...]
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 [...]
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 [...]
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 - [...]
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 [...]
What’s Happened In Super Since 1 July 2023?
As we approach the end of 2023 and anticipate the arrival of 2024, the superannuation landscape has undergone several legislative changes since the start of the financial year. These adjustments could influence your superannuation strategy as you enter the new calendar year, so staying informed about them is important. Here [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Revitalising Your Online Presence – Regular Website Updates
Maintaining an up-to-date website is not just a recommendation; it’s a necessity. Your website is often the first point of contact between your business or brand and potential customers, making regular updates crucial for staying relevant, engaging your audience, and ensuring a positive user experience. Reflecting Current Information One of [...]
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 [...]
Navigating the Benefits of Property Downsizing
As retirees embrace a new phase in their lives, the concept of 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 [...]
