If you run a  business, there’s good news on the horizon. The government has extended the $20,000 instant asset write-off into the 2026 financial year, giving small business owners another year of breathing room — and a handy opportunity to invest back into their operations. …


Superannuation can feel overly technical, but there’s one rule that could seriously boost your retirement savings and massively reduce your tax. If your income varies from year to year, this Legal Tax Hack let you top up your super on your own terms .Here’s how the rule works and how to make the most of it. …


It’s that time of year again — the tinsel’s out, the Mariah Carey playlist is back and you’re gearing up to shout your team a Christmas bash. But before you start swiping the business card like an elf on espresso, let’s talk about what the taxman actually lets you claim. …


Struggling to decide between fixed and variable rates? This guide walks you through the key differences, potential pitfalls, and practical tips to help you save money and stay in control of your repayments. …


As we head toward the end of the 2025/26 financial year, now’s a great time to make sure your super strategy is working for you. Whether you’re a hospital doctor, in private practice, or juggling both, a little planning can make a big difference to your tax position and long-term retirement savings. …


Thinking about slowing down at work but not ready to fully retire? Good news — you might be able to access your super and keep earning! Learn how a Transition to Retirement (TTR) strategy can help you ease into retirement, reduce tax, or pay off debt without giving up your job. …


If you’ve ever asked yourself “Should I just pay off my HECS debt early?”, you’re not alone. It’s a super common question—especially when you see that lump sum just sitting there. But here’s the thing: in most cases, you’re better off just letting it chip away every year through your tax return. …


Think you’re already getting the most out of your tax return? Think again...There’s a little-known strategy that savvy Australians are quietly using to legally reduce their tax bill and it’s hiding in plain sight. …


Running your own medical practice can be one of the most rewarding things you’ll ever do. You’ve got the freedom to shape how you care for patients, build a team, and create a workplace culture you believe in. But there’s a side to practice ownership that medical school doesn’t prepare you for: money management. And one of the trickiest parts? Cash flow. …


After years of medical school, internships, registrar training, and specialist exams, doctors in Australia finally reach the point where the financial rewards start flowing. Compared to the average Australian worker, a doctor’s income is well above the norm. According to the Australian Tax Office (ATO), medical professionals consistently sit among the highest income earners in the country. With that higher income comes choices — and often, temptations. …


For years, getting into the property market has felt impossible for many first home buyers.Saving a deposit big enough to satisfy the banks — all while rents skyrocket and living costs keep rising — has been a constant uphill battle. So when the government announces an expansion to its 5% deposit scheme, it sounds like the breakthrough everyone has been waiting for. …


As a Doctor you  can earn a lot of money and that can sometimes give you a bit of a false sense of financial security. It’s totally normal to upgrade your lifestyle as your paycheck grows—something we call “lifestyle creep.” But the tricky part is that it can sneak up on you, making it tough to really keep control of your cash flow. …


If Freddy Krueger ever swapped his bladed glove for a calculator, Section 296 might be his handywork. This proposed new "super tax" is targeting total superannuation balances over  $3 million with the same stealth and sting as a horror movie villain. …


Now, I’ve gotta say, everyone’s all in a tizzy about the Federal Budget. Sure, it’s important. But here’s the kicker: The government can do what it likes, but your budget is where the real magic happens. …


Many doctors who build wealth do so by running their own practices. They focus on making their practice a successful business, spend less than they earn, and save the difference. Over time, those investments grow and can outpace the practice itself, becoming the main source of cash flow and wealth. But it all starts with the practice. It’s the heart of the journey. …


How often do you check on your super? It’s probably not all that often, right? But here's why it’s a good idea to pay more attention to your super: You see, even small changes in your super’s performance or fees can have a big impact on your retirement savings. …


As a Doctor/ business owner your time is one of the most valuable assets you have. But with so many tasks and responsibilities vying for your attention, it can be overwhelming to know where to focus. Often, we fall into the trap of wearing too many hats and trying to handle every little detail ourselves. The result? Burnout, frustration, and a lack of true progress toward your larger business goals. One powerful tool to break this cycle is the 80/20 Rule, also known as the Pareto Principle …


When it comes to a doctors retirement, our perspective is pretty straightforward: "Start early, and never fully stop." It’s a simple idea that most dentists get on board with once we explain it, so let’s break it down.
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Are you a doctor driving your own car for work? Don’t miss out on potential tax savings! Track your trips for 12 weeks, calculate your ‘professional use percentage,’ and unlock valuable deductions you may be overlooking! …


When it comes to planning for retirement, many financial experts lead you to believe that you need a huge sum – often around $1 million – to retire comfortably. However, this may not be entirely accurate, especially when you understand how to achieve the "superannuation sweet spot." By applying this strategy, you can retire comfortably with far less, and in some cases, even come out ahead. …


As a medical professional, you’re no stranger to the pressures of running a practice and managing your finances. But there’s one thing many overlook: the impact of the Personal Services Income (PSI) rules. Ignoring these regulations can open the door to an ATO audit.. …


Most of us wouldn’t think twice about insuring our house, car, or other valuables. But here's the thing: your income is probably your most valuable asset, and protecting it should be a priority. After all, if you can’t work due to illness or injury, how will you keep the bills paid and your family secure? This is where life and income protection insurance come in. …


If you’re always on the lookout for new clients and patients , experimenting with different marketing strategies, and hoping for more referrals, you’re not alone. What if the real game-changer is something simple, steady, and often overlooked? …


In today’s fast-paced digital world, businesses are looking for ways to streamline operations, save time, and reduce costs. . Imagine being able to access everything you need with a simple search, anytime, from anywhere. Sounds like a dream, right? Well, it’s easier than you think! …


If use your vehicle for work or business purposes, it’s essential to understand how you can claim motor vehicle expenses as a tax deduction. Whether you're a sole trader, contractor, or business owner, or employee there are methods available that allow you to reduce your tax income through vehicle expenses. …


Do you want to retire comfortably without the stress? Discover, the 5 most common mistakes people make when planning for retirement—and how you can avoid them. From working too long to overlooking inflation, learn how to set yourself up for a comfortable and secure retirement. Don’t miss these essential tips! …


If you're a Doctor or high income earner, making over $250,000? If so, you could be paying more tax on your super contributions without even realizing it. But don’t worry—it’s not all bad news. In this blog, we’ll break down how Division 293 tax works, who’s affected, and the 'good news' for you! …


With the recent changes to superannuation rules, it’s more important than ever to stay on top of the latest updates. These new changes could have a huge impact on how much you save—and potentially even how soon you can retire. …


Starting your own practice is a milestone in your professional journey. For many doctors and health professionals, the advice is clear: 'Start your own practice' or, at the very least, 'buy into an existing one.' …


If you're looking for a way to protect your hard-earned assets and keep more of your money out of the taxman’s hands, a discretionary trust might just be the secret weapon you didn’t know you needed. …


I've always loved Batman... who doesn't right?  Batman is known for his dedication, discipline, and commitment to Gotham. He doesn’t just wake up and hope for things to get better; he works hard every day fighting crime. Batman is constantly pushing himself to be better — physically, mentally, and morally.  …


The Australian Taxation Office (ATO) is ramping up its data-matching efforts, and they've just launched a new program aimed at high-value lifestyle assets and property owners.  …


The chances are you’ve got some personal debt hanging over your head.  But here’s the thing: getting rid of personal debt should be at the top of your financial to-do list. Why? Because living debt-free is not just about having more money; it’s about having peace of mind and freedom. . …


How many of us can honestly say we've stuck to a budget for an extended period without feeling the strain?  Not me, that's for sure! The truth is, for most people, budgets don't work. They're like crash diets – promising short-term results but often ending in frustration and abandonment. Why?... …


If you’ve ever felt the thrill of earning credit card points, you’re not alone. They promise a world of perks: travel upgrades, cash back, fancy dinners, and more. But before you dive headfirst into the points game, let’s chat about why these seemingly sweet rewards might be more of a trap than a treasure.  You might be very surprised by what you discover… …


Every year, Australian tax payers voluntarily pay the Tax Office millions of dollars in “Death Taxes”.

I am going to make sure you are not going to be one of them.

Proper Estate Planning ensures that your estate goes to those you care about, and not the Tax Man. …


How will the latest Federal Budget affect middle-market businesses and people? In the 2024-25 Budget led by Jim Chalmers, there's a focus on balancing support and caution. Measures like rebates on power bills for homes and small businesses, cheaper medications, and announced tax reductions aim to address the ongoing high cost of living. …


During tax season, the ATO pays close attention to specific areas where taxpayers are inclined, either unintentionally or intentionally, to make errors. So, what's under their radar this year? They're focusing on record-keeping, work-related expenses, rental property income and deductions, sharing economy earnings, and gains from crypto assets, property, and shares. …


Parents often want to support their children, especially when it comes to big milestones like buying a home. But there are some important things to consider before diving in. …


Buying your first home is a significant milestone, and it's essential to approach it with careful planning and consideration. Here are the steps you'll typically go through when purchasing your first home,  …


One of the most frequent questions we get from clients is how they should invest in shares. In this blog we will discuss the difference ways you can go about it and why we recommend indexed funds and how you can benefit. …


After crunching the numbers, we discovered that an individual with a $600,000 loan could potentially save more than $160,000 in interest over the loan's lifespan and shorten the repayment period by over five years simply by opting for fortnightly payments instead of monthly ones.  …


These days, one-on-one marketing—that is, contacting people directly—is fast becoming one of the best forms of marketing available. This is happening for some very sound reasons—better response rates, higher sales, improved profitability, and the creation of a saleable asset, just to name a few.

This information, then, is designed to give you insight into some of those benefits and just why your customer database—a detailed list of customer names, personal details, and, in some cases, spending patterns and other information—is so important to the future of your marketing. …


A team commitment is literally that. A commitment by the team to the customers. It clearly states what the team is willing to commit to do for the customers. Team commitments are very powerful tools that increase your customer’s level of confidence in your business. …


Imagine you’re going on a journey. What are the 2 key things you need to know before you go on any journey?

How you’re going to get there, how long it will take, how much money it will cost, who will be going with you—all are important considerations. However, there are 2 key things you must know:      
Where you’re going and Where you are now.

When you think about it, these are the 2 most critical points. A business plan is designed to map out that journey.

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Hey there, party planners and business owners gearing up for the festive season! If you're in charge of throwing a Christmas bash for your awesome team, you might be wondering about the nitty-gritty of tax-deductible shindigs and gifts. Don't worry, we've got your back – let's break it down for you.

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Today, we're diving into the world of taxes for doctors and dentists.  We're here to clear the fog and give you some valuable insights into how doctors and dentists can legally mimimise their tax. …


If you're feeling a bit overwhelmed by the world of investing and want a straightforward approach to building wealth, look no further than dollar-cost averaging, or DCA. It's a method that can help you grow your money steadily over time, without the stress of constantly monitoring the ups and downs of the stock market. …


In a world where hustle culture and the glorification of busy are the norm, Tim Ferriss' groundbreaking book, "The 4-Hour Workweek," offers a refreshing perspective on life and work. …


This information is designed to give you insight into why it is important to decide where you want to be positioned in your market. 
You’ll find out what establishing pricing policy involves for your business and what it could mean to your future. …


 How to Ask for Google reviews can be super awkward. But you need Google reviews to build trust with future clients . Here’s how to start... …


We all want to support our children in various ways, including financially. Whether it's helping them with their first car, covering school fees for our adorable grandchildren, or even assisting them in buying a home, our parental instincts kick in to lend a helping hand. But here's the thing: simply giving away money can come with risks that we may not have considered. …


For many Aussies, having a beach house or a country getaway is like a dream come true—a perfect lifestyle purchase. However, considering the potential costs involved, one common way to make it financially viable is by renting out your holiday home to the public, either partially or for the whole year. …


Today, we will dive into an intriguing topic that could save you a considerable amount of money: tax benefits and the role of a Quantity Surveyor's Report for residential properties in Australia. …


A novated lease is a car finance option that allows you to treat your personal car like a company car. When you salary package a novated lease, you agree to forgo a portion of your salary in return for a fully maintained car. This allows you to make significant tax savings. …


The Federal Government has handed down its 2023-24 Budget which outlines its economic forecasts and identifies key priorities including cost of living relief and growing the economy.

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It has been a standard procedure in most medical centres to collect fees on behalf of independent contractor doctors and provide them with premises and administrative services to see their patients in return for a service fee. In fact, over 80% of medical centres are set up this way. However, as a result of a recent case Thomas and Naaz Pty Ltd v CCSR these medical centres may now be at risk of potential payroll tax exposure..  …


If you have a family discretionary trust you need to be aware that the ATO is targeting this area. Where your trust is used to distribute income to family members on lower tax brackets the ATO is seeking to essentially tax trust distributions to family members that do NOT physically receive that money, at the maximum tax rate of 47%... …


With the upheaval experienced to all aspects of our lives due to the Covid pandemic, it is not surprising many people are questioning their career choices and considering major changes. As a result, we are expecting to see a surge in business start-ups in 2022. New business owners often focus on the product or service offering, financial aspects or other mechanics of start-up whilst neglecting their marketing plan, instead of making it a priority…

  …


In part one and two of this series of articles we identified the fact that there is no secret formula or magic potion that guarantees financial success in business, however, there are some key ingredients that successful businesses have in common.  In part three we look at the importance of building a great team, having a lead generation website (including video content) and building a customer database...    …


Wishing all our clients and their families the very best for the Festive Season and a safe & happy 2022. Please note we will be closed from Friday 24th December and re-opening Monday 10th January 2022. In the meantime, and in case you missed it, check out our latest Business Accelerator Magazine, full of articles and news about growing and nurturing your business. This edition includes our second article in a series on What are the Key Ingredients for a Successful Business? As well as articles on the ATOs new Stapled Super Fund rules, an examination of why start-ups fail and info on the rules around the newly introduced Company Director ID Number… …


Most people for one reason or another contemplate starting their own business. While there’s no magic potion or secret formula that guarantees business success, highly successful businesses have some common characteristics that we will explore across a series of articles. In this instalment, we look at the importance of marketing and systemisation... …


Are you a Company Director? The new Director ID regime is now law and existing company directors have until 30 November 2022 to apply but new directors appointed as of 1st Nov 2021 have just 28 days from appointment to apply and directors appointed 5th April 2022 onwards must apply prior to appointment... …


The COVID-19 pandemic has impacted the way we live, work and play. While the pandemic has posed a threat to lives and livelihoods, there’s clear evidence that people have struggled to balance the hybrid work model particularly when combined with home schooling duties. After 18 months of uncertainty people are doing a lot of soul-searching and a chunk of the population are re-evaluating various parts of their lives including their employment and some are considering self-employment. In this article we examine the perils and pitfalls of going out on your own, and importantly, how to avoid them... …


It's an emotional moment when you finally make the decision that it's time to sell your business. All those long hours, customer dramas and financial risks will loom large in your mind but the buyer isn't interested in how much work you've put into your 'baby', they want to see financial proof that the asking price is justified.... …


Don’t miss our latest edition of the quarterly Business Accelerator Magazine, full of articles and news about growing and nurturing your business. This edition includes the first part in our series on The Key Ingredients of Business Success as well as looking at whether COVID-19 Grants are taxable and the ATO’s data-matching programme targeting lifestyle assets… …


Most people at some stage of their lives, for one reason or another, contemplate starting their own business. While there’s no magic potion or secret formula that guarantees business success, highly successful businesses have some common characteristics that we will explore across a series of articles... …


The State and Federal Governments have provided business owners with a range of grants and subsidies through the pandemic including the Cashflow Boost, COVID-19 Disaster Payments and JobKeeper. While you might think all government support is tax free, this is not the case... …


Classifying your customers could make a real difference to your business. It could be the difference that means you won't spend every waking hour at work thinking about it! It could literally improve quality of life for you and your team. You see, we all have customers we just don't like to deal with. Well, why do it? Those customers who give us grief, never pay on time, complain consistently, or are generally unfriendly and uncooperative really don‟t have to be a part of our lives. This information is designed to give you insight into what classifying your customers means, why it's important, and how to do it successfully. …


The Victorian Government has announced the reintroduction of the Commercial Tenancy Relief Scheme. Businesses with an annual turnover of less than $50 million and who have experienced a decline in turnover of 30% or more due to the pandemic will be eligible as well as most ACNC registered charities that have experienced a decline in turnover of 15% or more… …


You see after purchasing a product or service, a customer will be happy or dissatisfied and will act accordingly out there in your marketplace. Statistics show that happy customers tell some people, whereas unhappy customers tell almost everyone and anyone who will listen. As such how a customer feels after a purchase is almost as important as before! ‘Post-purchase dissonance’ literally means that the customer becomes unhappy with the purchase afterwards. Ever bought something and then for some reason felt like you’d done the wrong thing only days later? That’s post-purchase dissonance and most people have experienced it at one time or another. For some, it happens almost instantly.  …


In this blog, you’ll find out just how important it is to truly differentiate your business in the eyes of your potential customers. And you’ll find out what a ‘Unique Core Differentiator’ is and how important this could be to your business. Important because it’s a critical tool to help your potential customers clearly understand the differences between your business and your competitors—in an instant. What are people really looking for? …


A back end refers to that part of your business that sits behind your ‘front end’! Your front end is the products or services your customers initially purchase from you. You might consider these ‘initial’ products or services the mainstay of your business. A back end creates the opportunity for repeat sales. It means your customers can come back to you again and again. This makes dealing with that customer far more profitable. Another great benefit is that it reduces your need to go out and win new customers constantly (far more expensive than selling to existing customers), but it does much more than that. …


As you can imagine, there are literally hundreds of variations on creating a system to capture referrals within your business. This information is designed to give you insight into some ways and means of putting together a great referral system. Find out just how powerful the 7 ways of gathering referrals can be for your business...  …


How many times have you heard it? A business owner complains about the government, the weather, any number of other reasons, for the failure of their business. In fact, for most businesses, the statistics you’re about to see tell a very different story. A story that’s important to understand so that you and your team know just how much your own actions ultimately affect the success or failure of your business in a much more significant way… …


Australian businesses are again feeling the pinch financially as the second year of the COVID-19 pandemic continues to unfold. Businesses along the east coast particularly are in a state of uncertainty - going in and out of lockdown like a swinging door. As a result, the Federal Government has expanded the range of financial support available... …


As we approach the end of the 2020/21 financial year, the Australian Tax Office has indicated that several types of costs associated with working-from-home will not be eligible as a tax deduction… …


Don’t miss our latest edition of the quarterly Business Accelerator Magazine, full of articles and news about growing and nurturing your business. This edition includes our Federal Budget roundup, articles on working ON your business, not IN your business as well as a Tax Return Checklist... …


Victorian Business Costs Assistance Program (Round Two) - with the snap lockdown commencing Thursday 27th May the Victorian State Government has announced Round Two of the Business Costs Assistance program which opened for applications today (Friday 4th June) and the Commonwealth Government has announced a Temporary COVID Disaster Payment for employees... …


In this fourth edition of our Recession Buster Newsletter we continue to examine the 4 Ways to Grow Your Business, specifically the 4th way – Improving Your System & Processes. In other articles we explore the importance of having a website. Other articles include the 3rd part of Ways to Turn Your Website into a Lead Generation Machine - this particular article looking at the importance of a good headline, Live Chat function, Social Proof (Testimonials) & Social Media Links - and finally we look at mining your customer database for gold... …


There is an old saying, ‘The most fertile source of insight is hindsight’. That being the case, what can business owners learn from the COVID-19 pandemic?  …

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