While inflation peaked at 7.8 per cent last year, cost of living pressures are still being felt by consumers and small businesses alike. In the current environment it’s important to look at your outgoings, whether it’s your personal financial situation, or your businesses’ bottom line, and see if there are any areas you could possibly … Read more
A credit card balance transfer is when you move the amount you owe (the balance) to another credit card. The new interest rate on the balance you transfer may be either 0% or a special low rate for a limited time. If you can pay off the balance you transfer within that time, you may … Read more
Organising your business properly can improve your productivity, too. A well-established workflow will help you stay ahead of deadlines and prioritise your core responsibilities. This can make a world of difference if you’re used to frantically finishing tasks at the last minute. Taking a proactive approach to organisation can be easy and needn’t cost the earth … Read more
Overview You can access your super early in very limited circumstances, including to pay certain expenses on compassionate grounds, as well as terminal illness, incapacity and severe financial hardship. Access on compassionate grounds You may be allowed to withdraw your super early on compassionate grounds to pay for: medical treatment for you or your dependant medical transport … Read more
The ATO review PAYG withholding cycles every year. They base their reviews on a business’s annual withholding amount. The ATO will write to employers and tax agents in April to let you know if your PAYG withholding cycle is changing. If affected, your reporting and paying obligations will change from 1 July. Your new withholding reporting … Read more
A pause in super contributions can have long-lasting effects. Here’s how to plan ahead for super breaks. There’s a host of reasons why people take career breaks. Having and raising children, or taking an extended holiday or sabbatical, are the most common reasons. Vanguard’s 2023 How Australia Retires study, based on a survey of more than 1,800 … Read more
Many small business owners are feeling the pinch after the tough years of COVID and high inflation, but receiving a business grant could be the helping hand you need. If you know where to look, some extra dollars from the federal or your state/territory government could make all the difference between merely getting by and … Read more
With ample time left before 30 June, now could be a good time to catch up on super. The early part of each year is often a good time to review your investing strategy for the calendar year ahead and beyond. And, with less than six months to go before 30 June, it’s also a … Read more
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
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.
