Many people assume there is no tax payable on super benefits received after someone passes away, but that’s not always the case. Whether or not tax is paid on a super death benefit depends on the beneficiary’s relationship with the deceased. Although some beneficiaries receive their money tax-free, others can find themselves paying significant amounts … Read more
Personal transformation can be challenging. We all have habits we’d like to break and behaviours we’d like to do more of. But when we do some self-examination and think about what is involved in navigating change, it can seem overwhelming to get to where we need to be, whether that is personally or professionally. That’s … Read more
The Albanese Government has announced a series of initiatives aimed at empowering small businesses to strengthen their cyber security resilience. The 2023-2030 Australian Cyber Security Strategy will introduce targeted support for small and medium businesses, acknowledging their vulnerability to cyber incidents. Recognising that cyber attacks can inflict serious financial and reputational damage, the government is … Read more
We spend decades watching our super balances grow but for those thinking about retirement in the next few years, it can be confusing to work out how best to use your super. Here are some of the considerations for the popular options. Easing into retirement You can keep working and receive regular payments from your … Read more
There are many advantages to running a small business. You have the flexibility and independence to make your own decisions, you can turn your vision into a reality and then reap the rewards. However, there are financial risks and it can be difficult to make a profit, particularly when times are tough and there is … Read more
Australia’s economy stubbornly defied predictions during 2023, dashing any hopes that we might begin to return to some kind of normal. Some had expected an end to the Reserve Bank’s continued cash rate rises during the year. Instead, inflation has been a stubborn foe and we saw five rate rises, adding another 1.25%. But there … Read more
Good business records include all the information you need to: know if your business is profitable calculate how much cash you need to pay your bills on time meet your tax reporting and other compliance obligations. Accurate and complete records will also help you if the Australian Tax Office (ATO) ever ask you about the … Read more
Here are some quick ways to reduce your living costs. Having a money plan helps you stay on top of your spending and bills. There’s also free support and services to go to if you’re feeling overwhelmed. If you’re in crisis and struggling to pay for essentials, there are services to help you with food, … Read more
B.Com, CA, MBA
Email: adrian@advantageaccountancy.com.au
Adrian began his career working for the Australian Taxation Office as an Assessor in 1986. A decade later he set up his own accountancy practice in Cairns and has been a public accountant since that time.
Over the years, Adrian has grown from invaluable experiences in business to become an exceptionally astute businessman. This is demonstrated not only by the success of his own accountancy practice, but also through his successes as a developer, franchisee and Director of the National Basketball League. Some of his accomplishments in business include opening the first Bakers Delight franchise in Cairns and steering the Cairns Central Muffin Break store to the top of the state in sales during his ownership.
As a hands-on business owner, Adrian understands the challenges, both big and small, faced by business owners. With over 25 years in the accounting and financial arena, he has developed long standing relationships with some of Cairns’ leading small businesses. His unique ability to interpret a business’ financial stand point and consider options available to them provides his clients with personalised advice specific to their needs.
Adrian is a Chartered Accountant, Registered Tax Agent, Fellow Chartered Financial Practitioner and has also completed a Masters of Business Administration (MBA) through Deakin University.
