Australia
What are ‘exploration and evaluation assets’ and how are they measured?

By Syeon Koh on 14/02/25 - Mins to read: 3 minutes

If you’re asking, ‘what are exploration and evaluation assets?’, the answer lies in their accounting treatment and purpose within the mining sector. If you have secured a mining tenement, completed the prospecting phases and you’re now ready to begin exploration while subsequently wondering how to account for the costs, then...
Read More >
Avoidable common Div 7A errors medical professionals make

By Julie O'Reilly on 14/02/25 - Mins to read: 3 minutes

For busy medical professionals and GP owners, the financial well-being of your practice is just as critical as the health of your patients. One area that frequently trips up practice owners is Division 7A – a complex part of tax law closely watched by the ATO. Unfortunately, entirely avoidable errors...
Read More >
How does the ATO view an overseas gift or loan?

By Danielle Constantine on 14/02/25 - Mins to read: 3 minutes

Receiving a significant sum of money from an overseas relative or associate is becoming more common. It might be a generous gift to help you buy a home or a loan from a family member to support your business. While the money may feel like a private matter between you...
Read More >
Recycling non-deductible debt to build wealth

By Gil Abras on 14/02/25 - Mins to read: 3 minutes

One of the most common questions we get from our clients is how they can pay off their home loan faster and reduce their non-deductible debt. If you are not asking yourself these questions, here is why you should. Normally, the interest you pay on your home is not tax...
Read More >
How to successfully retire from your medical practice

By Zeb Ashton on 14/02/25 - Mins to read: 3 minutes

For medical practitioners who have built a successful practice over decades, planning for succession and eventual retirement is often put on the back burner. However, the reality is that the decisions you make today can have a significant impact on your financial independence, legacy and peace of mind in retirement....
Read More >
From riches to rags? Why family wealth disappears without a plan

By Scott Montefiore on 14/02/25 - Mins to read: 3 minutes

Wealth may take a lifetime to build — but without the right planning, it can be lost in a single generation. According to a 25‑year study by US wealth consultancy Williams Group, 70% of wealthy families lose their wealth by the second generation and 90% by the third. The causes...
Read More >

Do you have a question you'd like us to answer?

Send it through and we’ll get it to the right person.

Get in touch