From the 1st of July, changes to superannuation will come into effect that will impact how you manage your super contributions for yourself and your employees. Here’s what you need to know. Superannuation Guarantee Increase to 10% Starting on 1 July 2021, employers will now have to contribute 10% of...
Author: Patrick Sargent
Patrick Sargent is a Chartered Accountant and registered Tax Agent who is passionate about helping business owners and individuals achieve their goals. He co-founded the cloud and tech-focused accounting firm POP Business back in 2018. Since then, Patrick and his team have won numerous awards and accolades including the 30 Under 30 ‘Tech Innovator of the Year’, and coming in as a finalist in the Australian Accounting Awards 2020.
He has expertise in helping small businesses with a range of accounting services, including tax preparation, financial advisory, accounting and bookkeeping, and personal tax planning, as well as company, trust, and partnership tax returns and more.
Business succession planning: How to map out a smooth exit
Business Succession planning raises some questions – can your business survive without you? Who will take over if you’re unable to run it? A business succession plan sets out the steps you’ll take to transfer your business to the next owner and chief. While handing over the reins sounds straightforward, it...
EOFY Tax Planning – What to do before 30 June 2021
How to get ready for EOFY (2021)Key DeadlinesJune 5 – The final lodgements for 2019-2020 Company Tax Returns are due. This is the deadline for accountancy agencies to submit their clients’ returns.1 May - 30 June – Annual Taxation Planning.30 June - Activities from tax planning to be finalised, including...
What is Asset Depreciation? Everything you need to know
Are you looking to buy an asset for your business? If so, figuring out the potential impact on your financial statements before making the purchase would be a wise move. While small items like calculators and stationery are expensed in the year they’re purchased, the cost of fixed assets are...
Federal Budget 2021 Summary – Business Highlights
With the unveiling of the 2021-2022 Federal Budget on May 11, the Australian Government has highlighted key initiatives that will speed Australia along on its road to economic recovery from COVID-19.Key economic highlights from the budget showed that Australia has made a rapid recovery, with economic growth up to 1.25%...