27/04/2020 by Pascoe Partners Accountants
With interest rates at all-time lows, we have been getting plenty of questions about home loans. The age-old question of variable vs fixed rate loans is the most common question and we’ll try t...
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07/04/2020 by Pascoe Partners Accountants
A Director Penalty Notice has always been a matter to be taken seriously, with potentially major consequences for company directors. However, new ATO laws mean that your risks and responsibilit...
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01/04/2020 by Pascoe Partners Accountants
Over the past two weeks the Government has announced two economic stimulus packages to cushion the economic impact of the Coronavirus. There are some important superannuation measures that you should...
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26/03/2020 by Pascoe Partners Accountants
So, you have been enjoying your retirement years but you are not getting any younger and have come to the point where you need some additional assistance with looking after day-to-day activitie...
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20/03/2020 by Pascoe Partners Accountants
Most small business owners are aware of the benefits of having a budget to guide them. But are you as careful with planning your finances at home? Do you have a personal budget to guide your ho...
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27/09/2019 by Pascoe Partners Accountants
Sport and business. There are many parallels between them. Recently I was glued to my TV, watching Roger Federer and Rafael Nadal go head-to-head at Wimbledon. At a crucial point in the match the broa...
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11/07/2019 by Pascoe Partners Accountants
If you have a super fund with a low balance, a number of important changes came into effect on the 1st July and they may affect you. Superannuation insurance changes and exit fee changes, in pa...
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11/06/2019 by Pascoe Partners Accountants
With the Reserve Bank’s announcement of an interest rate cut, investors around Australia are wondering how it’s going to affect them. Assuming that some of this saving is passed on by the banks, the t...
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24/05/2019 by Pascoe Partners Accountants
Business owners are no strangers to being told about the importance of business budgeting and forecasting. However, many have no idea why it’s so important; and even fewer know where to start w...
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03/05/2019 by Pascoe Partners Accountants
We recently met with our insurance broker to review the level of cover required for our business. As part of that discussion, we got talking about the issue of underinsurance. As it turns out, ...
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18/03/2019 by Pascoe Partners Accountants
There were approximately 2.3 million businesses actively trading at the end of 2018, according to the Australian Bureau of Statistics. Of these businesses: 2.06 million businesses had fewer th...
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19/02/2019 by Pascoe Partners Accountants
Artificial Intelligence (AI) seems to be a bit of a buzz phrase for business owners and employees at the moment. People are concerned about artificial intelligence in business and whether robot...
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30/01/2019 by Pascoe Partners Accountants
On 31st December 2017, the ASX200 (top 200 stocks in Australia) sat at 6167.3. The same index sat at 5709.4 at 31st December 2018 – a fall of 8 percent for the year. It was a similar story in th...
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18/12/2018 by Pascoe Partners Accountants
Research published by finder.com.au predicts that Australians will spend $25 billion this Christmas. And the concern for many of us will be how to avoid Christmas debt hangover. The secret here...
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19/11/2018 by Pascoe Partners Accountants
For some parts of the state, the outlook for the upcoming harvest is particularly positive. Indications are that yields will be good and the prices very good across all grains. So what do you d...
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18/10/2018 by Pascoe Partners Accountants
With businesses finding it increasingly difficult to stand out in the crowd, a recent holiday hotel experience got me thinking about the importance of personalising the customer experience. A l...
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05/10/2018 by Pascoe Partners Accountants
Setting up an SMSF can be complicated. Not getting it right can materially affect your financial situation and retirement plans. The first question you need to be sure about is whether an SMSF is the...
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11/09/2018 by Pascoe Partners Accountants
Despite the shift to cloud-based accounting, providing SMEs with better access to financial data, there has never been a greater need for small business advisory services for WA businesses. Let...
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20/08/2018 by Pascoe Partners Accountants
Two of the many difficult decisions that a farmer has to make is how and when to pass the farm on to the next generation. Farm succession planning is different for every farming family. That...
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11/07/2018 by Pascoe Partners Accountants
You would have to be living under a rock to miss the publicity surrounding the banking royal commission. We are already seeing the fallout from this inquiry with banks tightening the requiremen...
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12/06/2018 by Pascoe Partners Accountants
Most business owners want as little to do with the taxman as possible. That’s understandable, as it usually means another bill. But the best way to avoid a tax audit is to follow best practices ...
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14/05/2018 by Pascoe Partners Accountants
I was thinking after attending the ANZAC dawn service at my local cenotaph that going to war is not unlike running a small business in some ways. The more I thought about it, the more the connections ...
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16/04/2018 by Pascoe Partners Accountants
With the dust settling on the government’s recent changes to superannuation, it’s time to look at some of the major implications of the new 1.6m pension cap on estate planning. We c...
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09/03/2018 by Pascoe Partners Accountants
The children have finally left home to start families of their own? The tough times are behind you, the mortgage is under control, and it’s time to start enjoying the little luxuries that...
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14/02/2018 by Pascoe Partners Accountants
There are currently over 2500 cryptocurrencies being traded, with new ones added every day. So it’s not simply about Bitcoins; though they are the highest-profile of these currencies. Despite th...
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16/01/2018 by Pascoe Partners Accountants
It seems that every year, our good friends at the Tax Office announce that rental properties will be among their primary areas of focus. With the changes announced in the 2017 Budget, owners of...
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14/12/2017 by Pascoe Partners Accountants
Why doesn’t everyone have income protection insurance? Most prudent people insure their houses and tools of their trade but very few choose to insure their income stream. There is sometim...
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15/11/2017 by Pascoe Partners Accountants
The first Tuesday in November is typically the time when Australians take at least part of the day off to relax and watch a horse race. This year we would like to encourage small business owners to ta...
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17/10/2017 by Pascoe Partners Accountants
The Internet is a wealth of information and is used for so many services that we all rely on – from business email to social networking and online shopping. But are you following the small busin...
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18/09/2017 by Pascoe Partners Accountants
Most businesses have a website but what impression does yours leave? Just like you might want to make a statement about the values that are important to your business with a reception area that reflec...
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30/08/2017 by Pascoe Partners Accountants
The Labor Party’s proposed taxation of trusts has placed them in the spotlight again. But did you know that existing Australian law could mean that your trust is a ticking time bomb? So what are...
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04/07/2017 by Pascoe Partners Accountants
One of the hardest decisions that young parents face when making a will is who is going to look after their kids. Although it might seem unnecessary to make a will at such a young age, specifyi...
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09/06/2017 by Pascoe Partners Accountants
Are you fully across the employee wage laws in Australia? If you’re not paying your employees enough, it could be a costly business! There have been a number of high profile cases recentl...
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25/05/2017 by Pascoe Partners Accountants
Some small business owners surprise me with their attitude towards business plans: “Why is a business plan so important? I have all the info I need in my head or on my desk.” Yes, they hav...
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10/05/2017 by Pascoe Partners Accountants
The Government’s super reforms program (which became law on 29 November 2016) has delivered some of the most significant changes to superannuation for many years. Pascoe Partners Accountants hos...
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13/04/2017 by Pascoe Partners Accountants
We’ve all heard people talking about “the cloud”, whether it’s in terms of cloud applications, cloud backups, cloud accounting or whatever. But what exactly is “the cloud...
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06/04/2017 by Pascoe Partners Accountants
For young adults, whose lives are yet to be complicated by marriage and kids, creating a will isn’t exactly at the top of their priorities list. Not only do they feel ten foot tall and bulletpro...
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24/02/2017 by Pascoe Partners Accountants
According to the latest Australian Taxation Office statistics there are now 577,000 self-managed superannuation funds in Australia, with assets totalling $622 billion. Of course, the government’...
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16/01/2017 by Pascoe Partners Accountants
So you’ve got an idea for a new small business. That’s great. Just keep in mind that it won’t be easy. According to the Australian Bureau of Statistics (ABS), Australia had 2.1 milli...
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25/11/2016 by Pascoe Partners Accountants
Welcome to the first in our series of articles about Estate Planning, and why it’s such an important subject. You’ve probably been told how important it is to have a will by the media (if ...
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11/10/2016 by Pascoe Partners Accountants
Debtors and late-payers – the bane of every business owner. No matter how profitable your business is, it won’t survive without good cash flow. If you can’t pay your bills on time, y...
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07/09/2016 by Pascoe Partners Accountants
As a business owner, there are plenty of things you need to manage, and two of the most important of these are assets and risks. In other words, building your wealth and protecting your wealth. There&...
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17/08/2016 by Pascoe Partners Accountants
With the advent of cloud technology, and the popularity of programs such as Xero, Intuit’s Quickbooks and the MYOB suite, you can now do the bookkeeping for your own business. But does this mean...
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11/07/2016 by Pascoe Partners Accountants
For many, the word ‘budget’ is about as appealing as the word ‘diet’. It seems to imply what you will go without, rather than what you will achieve. To a successful business ow...
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03/06/2016 by Pascoe Partners Accountants
Time is running out. If you want to take a few simple preventative measures to minimise or defer how much tax you will pay for this Financial Year, you need to do two things: 1. Read the following 9 p...
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