Accountant

Why You Should Be Careful with Family Trust Distributions 

family trust

Family trusts are a powerful tool for asset protection, tax planning, and wealth management in Australia. But while they offer many benefits, they can also come with complexities —particularly around distributions. Mismanaging these can result in serious tax consequences and even legal disputes. Having a competent business accountant Melbourne by your side, like Nobel Thomas, […]

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Financial Advice: Managing Your Inheritance 

financial advice inheritance

Receiving an inheritance can be both a blessing and in some circumstances a burden. While it can provide financial security or the opportunity to grow your wealth, it also can come with tax considerations that may require the use of an accountant Melbourne for careful tax planning. Whether you’ve inherited cash, property, or investments, the

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Accounting Services: What You Need to Know 

accounting services

Whether you’re running a small business, managing a growing enterprise, or simply trying to manage your personal finances, accounting services play a crucial role and help remain compliant with the ATO. But with a wide range of services available and evolving technologies, it’s important to understand what accounting services actually cover—and how they can benefit

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What is Bookkeeping: Business Introduction

bookkeeping

We know that starting a business comes with plenty of responsibilities – and one of the most important, yet often overlooked by our clients, is bookkeeping. Whether you’re running a small startup or managing a growing business, good bookkeeping practices lay the groundwork for good financial records, compliance, and long-term success.  But what exactly is

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Super guarantee rules catch up with venues and gyms

gym

The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers.   Employers need to pay compulsory superannuation guarantee (SG) to those considered employees under the definition in the SG rules. But, the SG definition of an employee

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What Is a Cross Collateralized Loan in Australia? 

cross collateralized

When you’re navigating the world of property investment or finance in Australia, you might come across a term that sounds complex but is actually quite common — cross-collateralisation.  What Is Cross-Collateralization? Cross-collateralisation is when a lender uses more than one property as security for a single loan or multiple loans. In other words, your assets

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What Is a Notice of Assessment (NOA)? 

notice of assessment

If you’ve ever lodged a tax return in Australia, you would have received a document called a Notice of Assessment — or NOA. While it might not seem like a big deal at first glance, it’s actually one of the most important documents you’ll receive from the Australian Taxation Office (ATO).  What Is a Notice

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What is a Replacement Asset for CGT Rollover Relief? 

cgt rollover relief

Capital Gains Tax (CGT) rollover relief can be a valuable tool for business owners navigating the sale of their business. One key concept in accessing this relief is the “replacement asset”. But what exactly does this mean, and how can it help you defer paying CGT?   Understanding CGT Rollover Relief CGT rollover relief allows you

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Generational Wealth: What You Need to Know 

generational wealth

Generational wealth refers to assets passed down from one generation to the next. With rising costs of living, growing economic uncertainty, and the desire to create a meaningful legacy, families are becoming more intentional about how they build and pass on wealth across generations.  Here’s what you need to know.  What Is Generational Wealth? As

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