Blogs & Resources
12 Essential Steps for Portfolio Access and Lodging
Managing your portfolio and ensuring all necessary documentation is in order is crucial for a smooth and successful tax return process. Here is a comprehensive guide to help you navigate through the essential steps of accessing your portfolio and lodging your return...
Leaders in Business Spotlight – Brad Raynor (Director – COGNITO)
Supervision has been working with Brad for the past 6 months, improving the design of our business and creating the right platform for our continued growth. The Value of Creating Purpose for Better Leadership: There are so many reasons why having a clear purpose is...
Superannuations Strategies in the Face of Tax Reform
The latest changes to personal tax rates (feature article) highlights the need for a discussion on how Australia will maintain the incentive for lower-income earners to contribute more to Superannuation. In the 2025 Financial Year, anyone earning under $61,400 will...
Valuing Fund Assets Correctly for the SMSF Annual Return
by ATO.GOV.AU Every year you need to value your SMSFs assets and provide supporting evidence to your auditor. A key responsibility self-managed super fund (SMSF) trustees have every income year is valuing your fund's assets at 'market value'. Prior to lodging your...
Personal Tax Rates – 2025 Financial (Applies from 1ST of July 2024)
The Albanese government has announced changes to personal tax rates from the start of the 2025 financial year. They are now law. New personal tax rates and thresholds for 2024-25 The major changes are as follows: reduce the 19 per cent tax rate to 16 per cent. reduce...
Strategic FBT Management for 2024: ATO Audit Reduction and STP Integration Guide
As we approach the end of the financial year, businesses are presented with a unique opportunity to not only navigate the complexities of Fringe Benefits Tax (FBT) but also strategically position themselves to minimize audit risks and seamlessly integrate with Single...
Igniting Tax Advantages for Electric Vehicles with Fringe Benefit Tax Exemption
The information provided discusses the recent federal support for initiatives to increase the adoption of plug-in hybrid and electric vehicles in Australia. This support has led to a surge in inquiries and the uptake of novated leasing for these vehicles, particularly...
The Strategic Benefits of Outsourcing Bookkeeping
Running a small business demands effective time management and a keen focus on growth. Amidst these challenges, bookkeeping often becomes a time-consuming task that many business owners are not trained to do nor enjoy or even have the time to perform. The solution?...
Navigating the Div7A Loan Crisis: Strategies to Mitigate the Impact of the Interest Rate Surge
As the world grapples with various economic challenges, a particular crisis has emerged in the realm of Div 7A loans, causing significant concern among business owners. The Div7A Loan Crisis Unveiled: Div 7A (director/shareholder) loans have historically been a...
Secure Your Family Legacy: Why You Need a Specialis for Comprehensive Wealth Protection
2021 Productivity Commission Report: • “Australians—young and old – are ill-prepared for the largest wealth transfer in history” • $3.5 trillion in assets will be transferred in Australia by 2050 • The inherited assets will mostly come in the form of superannuation...
Financial Security for Young Australians– Bank of Mum and Dad
If you have a child in their mid-twenties like I do, hearing their view on home ownership and how it impacts their lifestyle choices is both disheartening and familiar at the same time. Taking the plunge to own your first home always feels impossible (regardless of...
Superannuation is a system that is intended to benefit us in the future. Unfortunately, we never experience the future; it’s always the present moment. Winning in life is putting all the pieces in place today (to the best of our ability) so that we feel positive...