6 key ways the 2021 federal budget might affect you
The budget is a balancing act that details how the Government intends to continue to support COVID-19 recovery while focusing on the more long-term goal of budget repair. Read on for a quick rundown of the items in the budget that may affect you, for better or for worse.
View Full Case Study»7 useful goal-setting tips to build a thriving business
The Profacc team has experienced business accountants that understand the complexities of running a business. We also know that no matter whether you're a sole trader, a small business owner with a couple of employees, or the head of a large corporation, it's important to have a business plan with clear business goals.
Do you need income protection?
Your ability to earn an income is a valuable asset. We tend to insure assets such as our houses, our cars, even our health. But have you considered insuring your ability to earn money? The consequences of being unable to work for an extended period of time can be financially devastating and have far-reaching consequences.
View Full Case Study»Do you have the right type of business insurance?
All businesses must protect their people, their assets, and their clients. There is an element of risk in any business. No matter how small or large, or what industry, every business will need at least one – if not several! – types of insurances.
View Full Case Study»6 financial management tips
Tips to help make 2021 your best year yet! If every year you set big goals but then never actually achieve them, then read on. We are going to share 6 tips that are so simple, but that actually work! T
View Full Case Study»Why separate your business and personal accounts?
If you are running a business, you will be doing yourself (and your accountant!) a favour by having separate business and personal bank accounts. From practical reasons, through to simply being easier, there are many reasons why having separate bank accounts is a good idea.
View Full Case Study»Tips on choosing the right structure for your business
You’ve got a business idea. You’re excited. You’ve got a business name – it’s so catchy! And you cannot wait to apply for your ABN…
But – do you set up as a sole trader or a Ltd company?
View Full Case Study»How much super do you really need?
When planning for your retirement it is easy to get caught up in numbers and head-spinning calculations.
We want to simplify it for you by covering the most important factors to consider for your superannuation and retirement plans.
Here are the key 6 factors to think about BEFORE you reach retirement age
View Full Case Study»5 top tips for scaling your business
If you own or manage a successful business and are looking for growth opportunities, you might be considering scaling the business. The main attraction for scaling a business is the opportunity to increase sales with little extra effort. But there is more to the story than easy sales…
View Full Case Study»Personal investments: maximising the benefit from a tax return, bonus, or inheritance
Did you receive a tax rebate this year? Have you been given a pay rise? Did you receive an inheritance? It’s okay to take your time and think calmly about how to spend the money.
View Full Case Study»Managing business debt
Does the word ‘debt’ scare the living daylights out of you?! Or are you considering leveraging debt to help your business grow?
Here are our tips for reducing business debt if it's getting out of hand, as well as a look at when debt can be good!
View Full Case Study»How to develop your business succession plan
Is your business successful? Great! What are you going to do when you are ready to retire, if you fall sick, or simply want to move on? A business succession plan is essentially a decision about who will lead your business into the future, and who will take ownership of it.
View Full Case Study»Should you access your superannuation early?
What are the risks? To offer some financial support to Australians during the Coronavirus economic crisis, the government has implemented new temporary stimulus measures – and one of these measures is to allow eligible Australians early access to their superannuation. But it might not be that simple...
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