Managing a Self-Managed Super Fund (SMSF) can be a rewarding way to take control of your retirement savings. However, SMSFs come with significant compliance, reporting, and investment responsibilities. This blog explores whether hiring an SMSF accountant Melbourne is the right choice for you. What is an SMSF Accountant? An SMSF accountant is a financial professional […]
Do You Need an SMSF Accountant? Read More »
In certain circumstances, individuals or businesses may not be required to lodge a tax return with the Australian Taxation Office (ATO). However, failing to notify the ATO of non-lodgement can lead to unnecessary compliance actions. This blog explains the process of advising the ATO when a tax return is not required. When is a Tax
How to Advise Non-Lodgement of Tax Returns? Read More »
For businesses operating in Australia, compliance with tax obligations is an essential part of business. One of the critical requirements for businesses registered for Goods and Services Tax (GST) is lodging a Business Activity Statement (BAS). But what exactly is a BAS statement, and why is it important? Understanding the Business Activity Statement (BAS) A
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By strategically managing tax liabilities, you can legally minimize the amount you owe the ATO while maximising your wealth. This blog explores strategies to help you navigate tax planning effectively. Please note that contacting and working with a competent business accountant is all that you need to ensure that you minimise tax. You don’t need
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Securing a business loan Melbourne can be a critical step for entrepreneurs and small business owners in Melbourne looking to start, grow, or sustain their businesses. With a range of lenders and financial products available, understanding the process and choosing the right loan can make all the difference. Nobel Thomas are well equipped to assist
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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
What is a Self Managed Super Fund (SMSF)? Read More »
Small businesses are the backbone of the economy, and while many business owners are experts in their field, managing finances can often be overwhelming. This is where accountants come in. A good small business accountant can provide essential support, helping small businesses thrive by managing their financial health and offering strategic advice. Let’s explore the
What Does an Accountant Do for a Small Business? Read More »
For Australians pursuing higher education, the HECS-HELP loan system offers a way to fund tertiary studies and pay back the debt once their income reaches a certain threshold. But what happens if you move overseas? Are you still required to repay your HECS-HELP debt? Here’s everything you need to know. Understanding HECS-HELP Debt HECS-HELP is
Do You Have to Repay HECS-HELP Debt if You Leave Australia? Read More »
Properly managing an inheritance is crucial to ensure it benefits you and possibly future generations. Here are seven critical steps to take when you receive an inheritance: 1. Pause and Reflect Grieving the loss of a loved one is an emotional process. It’s important to give yourself time to reflect and not rush into major
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Investing in shares can be a great way to grow wealth. It is also important to have an accountant Melbourne by your side who can help you plan and strategize to save Capital Gains Tax (CGT). In Australia, CGT is payable when you sell shares for a profit. However, there are legal strategies to minimize
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