Business Succession

Why You Should Be Careful with Family Trust Distributions 

Accountant, Business Succession, Business Tax, financial advisor, Financial Planning, Small Business Accountant, tax /
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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Generational Wealth: What You Need to Know 

Accountant, Business Succession, financial advisor, Small Business Accountant /
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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What is Payroll Tax: Your Ultimate Guide 

Accountant, Business Succession, financial advisor, Financial Planning, Small Business Accountant, tax /
payroll tax

This guide breaks down everything you need to know about payroll tax, from what it is and who pays it, to thresholds, rates, and tips for staying compliant.  What is Payroll Tax? Payroll tax is a state or territory-based tax on employment. It is imposed on employers when their total wages exceed a certain threshold

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What is a Self Managed Super Fund (SMSF)? 

Accountant, Business Succession, financial advisor, Small Business Accountant, tax /

A Self-Managed Super Fund (SMSF) is a private superannuation fund in Australia that you manage yourself (hence called ‘self managed’). It is designed to help individuals save for retirement, offering greater control over investment choices compared to traditional superannuation funds. However, with this control comes responsibility, as SMSFs must comply with strict regulations set by

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How an Accountant in Melbourne Can Help This Holiday Season 

Accountant, Business Succession, Small Business Accountant /
holiday season

The holiday season is a time for joy, celebration, and relaxation—but for many individuals and businesses, it can also bring financial stress. From navigating end-of-year tax obligations to budgeting for holiday expenses, financial matters can become overwhelming. This is where a skilled accountant Melbourne can step in to make your holiday season stress-free.  1. Managing

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