As we approach the end of the financial year, there are a number of smart strategies you could consider to help you streamline your finances and legitimately reduce your tax liability. Our team has prepared a detailed guide to assist you in ensuring you can tick off all the strategies relevant to you. You will find information for: Individuals insurance premiums work-related expenses investments – prepay loan interest, deduction for… Read more
In the 2020 Budget Digital Business Plan, the Australian government announced the full implementation of the Modernising Business Registers (MBR) program. The program is designed to both establish the new Australian Business Registry Services (ABRS), and enhance how businesses register and manage their information with the government. Although the ABRS rolls out progressively between 2021 and 2024, one of the immediate changes is that business directors must obtain a director… Read more
When it comes to managing your finances, there are two professions that can help you understand your numbers, and ensure you have a plan to get to where you want to be. Accountants and Financial Planners can both play an important role in your financial success, but there are some important differences between the two. For any successful business, it is advisable to have both an accountant and a financial… Read more
Acquiring and growing wealth takes a lot of determination, skill, and ambition. In order to maintain your family’s wealth and preserve your legacy for multiple generations, you need a professional family advisor with a holistic, multi-disciplinary approach to wealth management such as O’Brien Accountants and Advisors. In this article, we will discuss what a family advisor is and how family advisory services can help you. What is a Family… Read more
From 1 November 2021, if you have a new employee start, there is now an extra step to comply with if they don’t choose a super fund. Previously when your employee did not choose a superfund, you were required to pay their super to the default superfund. From 1 November, this is changing. If your employee does not choose a superfund, you will be required to check with the ATO… Read more
The Fair Work Act has recently been amended to change the workplace rights of casual employees. It is important that employers review the new rules, understand the new employer obligations and ensure compliance. Casual employee definition A person is a casual employee if they accept an offer for a job from an employer knowing that there is no firm advance commitment to ongoing work with an agreed pattern of work.… Read more