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Audit

The Value of Benchmarking

April 28, 2021

What is Benchmarking? Businesses should always be looking for ways to grow and improve performance – but in an increasingly competitive world, there are a lot of companies looking to do the same. So how do you stay at, or get to, the top of your industry? How do you ensure your business is operating […]

Choosing the right financial advisor blog

Wealth Management

How to choose the right Financial Adviser

April 19, 2021

No matter your age, learning to manage your finances is necessary in preparing for your future. Doing so however, can be intimidating or difficult for someone who isn’t already well versed in their finances or the opportunities that may be available to them. Therefore, anyone looking to review or manage their assets & liabilities, income […]

Business Advisory

How to weather business seasonality

April 14, 2021

What goes up, must come down. And as we have learnt all throughout 2020 and even into 2021, under the pall of a worldwide pandemic, things can change at a moment’s notice, putting an unwanted dent in a more regular business cycle or a roadblock on the path to recovery. A truly seasonal business will […]

Tax

Accru Tax Alert – April 2021

April 7, 2021

Take a look at our April snapshot of taxation developments that may affect your business, investments or superannuation. Please do not hesitate to contact us should you need further advice. It’s time to consider FBT If your business has provided any benefits to your employees, you may be liable for fringe benefits tax (FBT). This […]

Audit

Complexity of accounting standards, AASBs and our technical expertise

March 31, 2021

Accounting standards which mandate the financial reporting preparation for preparers of general purpose financial statements are usually complicated, detailed, and lengthy. As such, the standards can be difficult to comprehend, and their application can be a daunting and confusing task. Not only for accounting professionals freshly entering the field, but for those with years of […]

Wealth Management

Costs To Expect When You’re Expecting

March 24, 2021

Having a baby is one of life’s biggest and happiest decisions. It’s also one of the most expensive. But don’t let that turn you off. Making the transition into parenthood need not be a huge financial stress, as long as you’re prepared. There are three major periods in the financial planning for your newborn. Here […]

Tax

Fringe Benefits Tax 2021

March 17, 2021

What’s new for FBT in 2021 It was just over 12 months ago on 16th March 2020 that the State of Victoria first declared a State of Emergency in response to the COVID-19 pandemic. Much like everything else over the last 12 months, FBT has been impacted in unique ways by the COVID-19 pandemic. This […]

Tax

Accru Tax Alert – March 2021

March 3, 2021

Take a look at our March snapshot of taxation developments that may affect your business, investments or superannuation. Please do not hesitate to contact us should you need further advice. Tax implications of having more than one job With insecure, contract and casual work becoming increasingly common, particularly in the current COVID-19 affected economy, […]

Superannuation

Increase in Pension Transfer Balance Cap

February 24, 2021

From 1 July 2021, the amount that a member can transfer to a tax-free retirement pension will increase from $1.6 million to $1.7 million. On the surface this may sound like great news for super fund members because they will be able to transfer an extra $100,000 into the tax-free environment. But there are a […]

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