While a strengthening economy is a good thing, it is expected that interest rates will start to rise, and that can be an issue for some borrowers.
Here's what you need to know about carrying debt in a rising interest rate environment. Read More...
Blogs
News
The past two years might have messed with your finances! Between special support measures and lockdowns or uncertainties, it’s possible you’ve been left with a more complicated than usual set our accounts. So, before the end of this financial year, it’s a good idea to ensure you’re on track. Read More...
Management reports capture and explain vital data that helps a company’s leaders to successfully run the business.
They are of absolute importance for organisational strategy, and every good leader knows it. Read More...
Buying insurance through super has many advantages, but you need to make sure you are getting the right cover for your individual needs. In some cases, you may be paying for nothing. Read More...
Whatever your situation, make 2022 the year you get on top of your personal or business finances.
Here are 11 financial resolutions for 2022 that could help you start your new year right. Read More...
What you need to know about cryptocurrencies as the virtual money industry gains in popularity. Read More...
Australian shares are a popular investment option for self-funded retirees. So how is the share market holding up in our post COVID world? And how can you make the most of your investments through tax? Read More...
With superannuation, it helps to think of your money constantly having a clear aim, depending on the phase you are in. Here are 11 tax facts about superannuation. Read More...
Did you know that our team at Profacc Public Accountants and Financial Planning offer strategic and high-level support managing, assisting, and supporting clients who are secretaries in their companies? So if you are a company secretary, we can help you by offering support with many of your duties. Read More...
When you think "financial planner", what's the first thing that comes to mind? You'd be forgiven if your first thought was that only rich people have financial planners in their contact lists. But here's the thing: there's a good chance they got to that point of wealth because of the help of financial planners. Read More...
While you know your business inside and out, you might not have the time - or be truly confident - when it comes to maximising the financials. This is where accountants shine – we take care of it all, so you don’t have to. Read More...
It’s the end of the financial year, and you know what that means: it's time to lodge your personal tax return! But don't panic.... we're here with some tips and advice. Read More...
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. Read More...
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.
Read More...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. Read More...
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. Read More...
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 Read More...
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. Read More...
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? Read More...
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 Read More...
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… Read More...
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.
Read More...
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! Read More...
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. Read More...
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... Read More...
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Testimonials
Satisfied Clients'
Testimonials
Grace Insurance, Reeltime Photo Booths and Studio 777 have all been clients of PROFACC for many years. (I believe more than 11 years!)
I always say PROFACC public accountants have saved us literally a million $. As we run multiple businesses and have some complex tax structures, I ALWAYS call my accountants. Deon and Hennie have always advised me on everything we do. Before we do any acquisitions, or expansions, we run it by them. We do not make any business dissensions without discussing and clearing it first with our accountants.
Business advise and correct structures are key in what we do. Having the wrong business structure can cost you dearly. We have in the past walked away from deals based on the business accounting advise we received from our valued business partner. PROFACC is not just an accounting firm. They are a very important business partner for our business. They care for us as people, and sorry... answer all my millions questions and ALWAYS take my phone calls.
I can not recommend PROFFACC Public Accountants more. 10 STARS.
"We would like to place on record our sincere appreciation for both you and your team's amazing professional services we’ve had the benefit of receiving over the past 13 years. Relocating and setting up in a new country was never going to be easy, however, your understanding of local financial conditions and your in-depth business acumen made our transition to our new adopted country a very smooth and successful one. We would like to thank you for going above and beyond our expectations with your financial help and advice, the likes of which we had never experienced in our past 45 years of running our own businesses. Your inherent financial skills and your knowledge of the Australian tax laws are unequalled in our opinion. We would like to thank you for the advice that you have given us for the various … issues …, in all cases your advice has always been sound … Your passion for business is inspiring and we feel truly blessed to have you as our Accountant and financial advisor. With thanks and appreciation"
We have been dealing with Profacc Accountants for the last 6 years and can say in all honesty that we couldn’t have asked for a better accounting partner to assist and support us in our business. The variety of services offered by Profacc as well as their excellent customer service provided by professional and knowledgeable staff willing to go the extra mile for their customers, would be hard to beat. Profacc’s culture of honesty and integrity is evident throughout their business practices and as business owners we value that we can sleep at night, knowing that we are compliant with all statutory requirements. A big thank you.
Accreditations, memberships and standards of practice.
