If you’re just starting in the workforce, it pays to learn about superannuation and how you can make the most of it. Retirement may seem a long way off, but the sooner you start planning for it, the better off you will be!

Keeping your business operational is a full-time job. It’s a balancing act that requires you to keep a multitude of plates spinning, while your executive team and employees support you at every stage of the operational journey. But what happens if these plates stop spinning?

To understand the financial position of a business at a specific point in time, look at the balance sheet. The balance sheet may also be called the statement of financial position.

You’re running a business, so you know the legal requirements around producing accounts and submitting tax returns. But do you truly know WHY you’ve engaged an accountant?

As part of the Federal Budget 2020-21, the government announced a loss carry back measure to encourage new investment and work with the temporary asset expensing measures also announced at the budget.

Did you know that government agencies use Australian Business Number (ABN) details to identify individuals and businesses in communities affected by emergencies or natural disasters?

There’s been a lot of talk in recent years about the ‘‘ SKI’ ’ phenomenon (spending the kids’ inheritance) but there are many Australians who want to help their children financially – either now or in the future – passing on the wealth they built in their lifetime.

Legislation was recently passed to bring in a new registration system for directors of companies in Australia.