How to manage business day-to-day transactions The ATO has the following tips for small business owners “that can make your tax life easier”:  They should keep an eye on upcoming expenses, and regularly update their books and reconcile their accounts. They should set aside the GST they collect (e.g., by transferring it into another bank account within the business to keep it separate from their cash flow).  They can also…  Read more

This year’s Federal Budget cost-of-living relief, job growth and women’s security. The key measures that you should be aware of as an SMSF trustee are outlined below. Should you wish to discuss how these may impact your personal circumstances or retirement plans please contact me to arrange a time to chat.   Extension of the temporary reduction in superannuation minimum draw down rates The Government has extended the 50 per…  Read more