Whether you are selling your business because you have to, or because you are planning a well-earned retirement, it pays to step through the process carefully. In particular, if the sale isn’t handled correctly, you could find yourself receiving a hefty tax bill, as selling a business triggers capital gains tax (CGT). Don’t rush it! … Read more
As the end of financial year gets closer, some investors are thinking about the most effective ways to boost their super balance, particularly with an increase in the caps on contributions from 1 July. The concessional contributions cap, which is the maximum in before-tax contributions you can add to your super each year without paying … Read more
“If you can measure it, you can manage it.” – Robert Kaplan Running a healthy small business is no mean feat, and business owners have certainly had some challenges thrown at them over the past few years. However, small businesses are renown for being agile, resilient, and proactive. If you are working hard to achieve … Read more
Having a budget helps you see where your money is going. You can put aside money for bills and expenses and set up a plan to reach your financial goals. Follow these steps to get started. Use how often you get paid as the timeframe for your budget. For example, if you get paid weekly, … Read more
No matter how well your business is performing, there’s never a bad time to reflect on the past and set your sights on future business goals. For business owners, this means looking closer at company goals and how you can elevate them for greater success over the next 12 months. Setting quality business goals is crucial for steering … Read more
It can be difficult to think about a property purchase if you don’t meet all the criteria for a loan. Perhaps you work for yourself, have recently moved jobs, taken time out of the workforce to raise a family, or your credit history isn’t squeaky clean. Rest assured that there are still loan options to … Read more
Because more than 4.5 million Australians won’t have sufficient super or other investments on which to retire, many face the prospect of having to work far longer than they might once have thought. Being indefinitely stuck in a job you can’t stand certainly isn’t ideal. But widespread skills and labour shortages mean you at least have a … Read more
Understand the rules, costs and risks of setting up an self-managed super fund (SMSF) to invest in residential property. Self-managed super fund property rules You can only buy property through your SMSF if you comply with the rules. The property must: meet the ‘sole purpose test’ of solely providing retirement benefits to fund members not … Read more
If you do not meet your super guarantee (SG) obligations, you may have to pay additional penalties or charges on top of the super guarantee charge (SGC). Fail to provide an SGC statement when required You’re liable for a Part 7 penalty – Superannuation Guarantee (Administration) Act 1992 (SGAA) if you: lodge your SGC statement late, or fail … Read more
Here are some factors to consider before you join finances with a partner. While you’ve likely imagined what a future with your partner looks like, you may not have considered the financial implications of that future. Think: careers, kids, caring for aging parents, and even where you want to live and travel to. In reality, … 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.
