Understand. Plan. Grow.

Understand. Plan. Grow.

Historically accountants have been known for providing an annual set of financials, quarterly activity statements and an income tax return along with some ad hoc advice when sought along the way. Although it is good to know where you stand from a tax perspective, we have found that what clients really value is experience and advice on how to better manage and grow their business.  

We work to understand the numbers in your business, provide a plan for action and grow both your business and your own personal wealth. 

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Super – How One Recent Tax Change Can Positively Impact You

Super – How One Recent Tax Change Can Positively Impact You

Tennant Schultz, business growth consultants in Adelaide South Australia, explains one of the positive changes to superannuation contributions that may be of benefit to you.

If you are an employee, one of the changes to super that has come into effect as of 1 July 2017 is the ability to now claim a tax deduction for personal super contributions made outside of your employment arrangements. This is the case for most people who are under 65 years old, and even for those who are aged 65 to 74 years old who work sufficient paid hours in a month. Previously if you wanted to get the benefit of making additional super contributions in a tax effective way as an employer you had to do this slowly via salary sacrificing and potentially set this up very early in the financial year. There was previously no ability for an employee to make a one-off lump sum super contribution late in the financial year and get a tax deduction for it.

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The Different Financial Life Stages: What Should I Be Thinking About?

The Different Financial Life Stages: What Should I Be Thinking About?

As we and a number of our friends now swing by the big “40” age landmark, a few are looking at life’s bigger picture and thinking more about the future. Because life and money are so closely entwined, this has sparked some thoughts and conversation around how one’s financial priorities should change as the years pass.

Financial goals do change over time. Life is full of changes and with each new set of circumstances come new financial needs. Some of your concerns will be long term – for instance, saving for retirement takes place across decades – but that doesn’t override the shorter term goals such as saving for a deposit on a home or considering starting your own business. Knowing what financial milestones are ahead and planning in advance will help establish a greater level of security and enable more financial choice. We have put together a summary of what we think are the different financial life stages to help spark more thought and conversation.

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Spend for Now or Invest in the Future: What should be taught in schools

Spend for Now or Invest in the Future: What should be taught in schools

We had an interesting event happen in our house this week that prompted me to write a blog that was already on my mind, but is now written with renewed vigour! Left at home on their own with a fridge and pantry full of healthy food items, our 2 teenage sons decided a hassle free and tasty option would be to order UberEATS. I am by no means judging those that choose this service, as who wouldn’t delight in a freshly made burger prepared by someone else from your favourite boutique burger establishment, but it did prompt quite a lengthy discussion following this on whether one’s fortnightly income should be spent in its entirety on a purchase for which is there is arguably no positive long term benefit (this point could of course be argued!). No cash exchanged hands, no time spared apart from a momentary search on google and no effort wasted at least on the purchaser’s behalf.

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