Posts by AdviceCo.

Earlier this month, the Government passed legislation to include GST in the Director Penalty Notice (DPN) scheme. This means that individual business directors can be held personally liable for unpaid GST from 1 April 2020. What is the DPN scheme? The DPN was launched by the Government to address underreporting by businesses on mandatory taxes…

Following the severe storms and flooding over the weekend, a State of Natural Disaster has been declared for the Central Coast region. This means that assistance from NSW Government is available to businesses whose property and belongings have been affected. If your business has been affected, you may be eligible for funding assistance from the…

An investment strategy – whether inside your SMSF, or more generally – is an essential part of securing a positive return. A strategy is a tangible document that outlines your goals and actions now and later. A considered and thoughtful strategy that is regularly reviewed is the best way to become better off. Goals –…

Digital credit agency, CreditorWatch has tipped 2020 to be a tough year for SME’s. All too often, smart and profitable businesses find themselves short of cash because of the debtors and creditors they rely on. It takes one payment default to set things off course. Prevention is always the best cure, and communication is key.…

The ATO has announced a termination date for AUSKey of Friday 27 March. This means, the transition to MyGovID for digital interaction with the Australian Tax Office will be compulsory. Here’s what you need to know… What is AUSKey/MyGovID? This is authorisation system that enables digital interaction with the ATO. Tax agents and small business…

Yesterday, the World Health Organisation (WHO) declared the coronavirus epidemic a “public health emergency of international concern”. They acknowledged China for “setting a new standard for outbreak response” and called for a “measured and evidence-based response”. In terms of trade and investment, the WHO said: “There is no reason for measures that unnecessarily interfere with…

From left: Troy Marchant, Christine Hallowes, Steve Walker, David Evers, Gerard Andrews and Debbie Bloffwitch The AdviceCo. leadership team (formerly Robson Partners) is pleased to formally announce the entrance of two new business Principals: Debbie Bloffwitch, Senior Accountant and Christine Hallowes, Senior Financial Planner. Debbie and Christine are highly valued members of the AdviceCo. team,…

What is changing? Self-Managed-Super-Funds are facing increased scrutiny from governing bodies, which will result in increased compliance and audit activity, and will likely impact associated fees. Why is it changing? For good reason: optimum fund performance for members in retirement. Governing bodies, including the Financial Planning Association of Australia (FPA) and the Australian Securities and…

How are your New Year’s Resolutions going? Resolutions are hard to keep but so often, it’s because we put them just out of reach. When it comes to wealth, perfect spending and saving habits are rapidly thrown off course by everyday events. If we just aim to be a bit better, then the compound effect…