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Understanding the Exchange of Contracts Process

A lot of real estate and legal jargon gets thrown around when buying a property. If you’re buying for the first time, it can be confusing and overwhelming. Have you heard your real estate agent mention the “exchange of contracts”? This is one of the most crucial steps in securing your new home. What is…

What You Need To Know About Total Reportable Fringe Benefits

Are you considering a job that offers more than just a salary? Perks like a company car or gym membership can make a job offer much more tempting! Before signing the contract, you must understand the Total Reportable Fringe Benefits Amount (TRFBA). While you don’t pay income tax directly on your TRFBA, it can impact…

Ready To Grow? Your Guide to SME Loans in Australia

Running a small or medium-sized enterprise (SME) comes with big opportunities…and big challenges, too!  You’ve got the vision, the drive, and the market demand. But when it comes to cash flow, things may not always add up the way you’d like. Maybe you need funding to expand, invest in equipment, or cover unexpected costs. That’s…

Retail Accounting and the Retail Method

You’re great at running your store: keeping customers happy, managing stock, and making sales. But when it comes to accounting, it’s a different story. One look at your financial reports, and you’re thinking, Why does this all look like a foreign language? If you’ve ever struggled with inventory numbers that don’t match, profit margins that…

Funding Your Dreams: How To Get a Business Loan in Australia

Have you got an established, thriving café with an old espresso machine on its last legs? Or is your new online store blowing up, and you need more stock fast? Whatever the case, a business loan can keep your business running smoothly or take it to the next level. But finding the right business loan…

Bank Valuations: What’s the Deal?

Have you finally found the house you’ve been dreaming of? Or are you selling your home to move on to the next adventure, whether that’s downsizing, upsizing, or relocating? Before the bank hands over a loan to help you buy a place or help a buyer buy yours, they’ll want to know one thing—what’s the…

Reverse Mortgage Guide: Unlock Your Home’s Equity

Did you know your home could do much more for you in retirement than just giving you a roof over your head?  With a reverse mortgage, you can tap into the equity in your home—the portion of its value you’ve paid off over the years—to fund your lifestyle, cover unexpected expenses, or enjoy greater financial…

What is Depreciation? A Hack for Business Owners

Think you’re getting the most out of your business assets? If you’re not using depreciation, you could be leaving money on the table—and the tax office certainly won’t send it back! Depreciation is a powerful tool that reduces your business’s taxable income and boosts its bottom line.  What is depreciation, and how can it help…

Tips on How To Avoid Capital Gains Tax on Foreign Property

Are you thinking of selling your holiday home abroad or cashing in on your overseas investment property?  It pays to pause before putting up a “For Sale” sign. Selling a foreign property can trigger Capital Gains Tax (CGT) in Australia. This tax can take a surprising chunk out of your property’s sale profit.  But with…

Best Payroll Software for Accountants

Looking for payroll software that doesn’t just work but works for you?  As an accountant, your time is precious, your payroll processes need precision, and your clients expect perfect results. The right payroll software can deliver such results efficiently and seamlessly! But with so many options on the market, which one is the best fit…