When is the Right Time to Sell Your Company? When is the best time to sell my business? For most CEO’s or business owners, this can be one of the toughest decisions in their businesses lifecycle that they will have to make. Often the decision to sell is driven by change, whether that’s a [...]
ATO? MyGov? Who Sets Accounting Standards In Australia For business owners, the mere utterance of the word accounting can cause a panic. Tax compliance and planning can come as a chore to most but is an important part of successful business management. Knowing where your business sits and who you need to report tax [...]
Is a Self-Managed Superannuation Fund (SMSF) Right For Your Finances? Considering setting up a SMSF? Establishing your SMSF can get you access to greater flexibility over your finances and more control over your asset investment allocation with customised investment opportunities. Be it investing in property, shares, cash, or futures, you can rest easy knowing that [...]
Business Activity Statements: What They Are & How To Lodge If you are a business registered for GST you need to lodge a Business Activity Statement (BAS). BAS’s help you report and pay your > Goods and services tax (GST) > Pay as you Go (PAYG) instalments > PAYG withholding tax > Other taxes (such [...]
I Have Debt? All You Need To Know About PAYG Instalments Before Tax Time Whether you run your own business or earn investment income, planning for your income tax is important to help you keep a healthy cash flow. How many times has it come to tax time only for your accountant to inform you [...]
How Accounting Can Help Your Business Decision Making Accounting can be an intimidating industry if you are unfamiliar with the concepts of the financial planning process, but it doesn’t have to be complicated! Our team at Locmans Advisors is here to help, below we have mapped out just how tracking and analysing your financial [...]
COVID Put on Hold Your Plans To Retire? Here's What You Need to Know After a year of postponing and plans put on hold due to the COVID19 pandemic, if you were someone considering retirement you might have been fearing the drop in your super balance, insecure work or an uncertain investment outlook. For many [...]
Fringe Benefits: What Are They and How They Benefit You A Fringe Benefit is a ‘payment’ to an employee, but in a different form to salary or wages. Such as allowing an employee to use a work car for private purposes, reimbursing an expense incurred by an employee such as school or education fees. [...]
