Stewart and Smith Advisory Enriching lives through building better businesses

Insights & News

  • Financial Advisory
  • Taxation

May

11

2023

Highlights Budget 2023/2024

The Federal Budget was handed down on the 9th May and our Tax Expert Vanessa Falconer has prepared an outline of the key measures that impact our clients. In summary the budget shows an improved picture of Government finances. However, the challen...

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  • Taxation

Mar

21

2023

What to do if you have a superannuation balance over $3 million – Strategies

Assuming that the extra tax on super balances over $3 million draft legislation makes it through Parliament, here are a few strategies to consider if you are affected; 1. Look at alternative structures If your balance in super is well over $3 mill...

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  • Taxation

Mar

21

2023

Government’s changes to superannuation balances over $3 million – Part 1

What’s the proposed change? This is a proposal only and has yet to go through the usual parliamentary process. If it does succeed, the start date will be from 1 July 2025 (ie. after the next Federal Election). In essence, the Government’s announce...

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  • Financial Advisory
  • Virtual CFO

Feb

10

2023

The Importance of Cash

To quote Alan Miltz “revenue is vanity, profit is sanity and cash is king”. When we work with business owners and managers, we find that they do not understand the true financial position of their business.   Whilst some owners look at their...

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  • Taxation

Feb

2

2023

Holiday Homes – A Tax Perk?

Just as our summer holidays are coming to an end and we are wistfully dreaming of ‘what if’ regarding the purchase of a holiday home, there are a few things to keep in mind when dealing with your slice of paradise and the tax man. Here are four sc...

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  • Strategic Advisory

Jan

27

2023

Business valuations – what you need to know to plan your exit

Quite a few years ago as a graduate within a large strategy practice, we approached strategic decision making using the Value Based Planning approach ie. which decision amongst a series of scenario’s would give greatest shareholder value ? Whilst ...

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  • Taxation

Jan

10

2023

Superannuation – Binding Death Nominations – Do we need them?

A recent article in the media highlighted the importance of having nominations in place should you pass away unexpectedly. Contrary to popular belief, your superannuation and any life insurance connected to your super does not form part of your Wi...

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  • Virtual CFO

Jan

9

2023

What is the difference between a Virtual CFO and an Accountant?

Many businesses employ an internal Accountant who reports to the CEO or they use their Chartered Accounting Firm who does CFO Services.  Neither provide the strategic financial insight that a Virtual CFO provides which leaves the CEO at risk, co-o...

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  • Taxation

Dec

9

2022

Are Christmas gifts & your company Christmas party tax deductible?

With Christmas fast approaching and most Australian businesses starting to think about the season of giving, it’s useful to know whether you also need to give to the ATO at this time of year! Are Christmas gifts and the company Christmas party tax...

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  • Bookkeeping Case Study

Nov

10

2022

Startup data cleansing

Our Bookkeeping and VCFO team were brought in to work with an entrepreneurial startup with multiple products lines and investors who needed financial information. The previous bookkeeper couldn’t keep up with the demands of the business and as a r...

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