Unlock Tax Savings with Carry-Forward Concessional Contributions
Are you eager to make the most of your superannuation and save on taxes? Tapping into an unused concessional contributions cap could be a savvy way for you to unlock tax savings! In this article, we will help break down what concessional contributions are, who can benefit from them, and how you can harness them [...]
Dealing with ATO Audits or Investigations
Facing an investigation or audit from the ATO can be a stressful ordeal for most individuals, yet it is an essential part of our taxation framework. Should you be selected for review or audited, here are some tips and recommendations that can help you achieve the best possible outcome. Step 1: Reach Out to Your [...]
Staying Competitive: Keeping Up With Industry Trends
Growing a competitive manufacturing or construction business is like training for a marathon. You wouldn't just show up and start running, right? You'd need a plan, some practice, and a bit of discipline. The business world is a lot like that marathon track, especially nowadays when costs are high and delays can really throw you [...]
5 Minutes With… William
William has been with Hoffman Kelly for three years. Joining the team as an undergraduate while in his second year of university, Will is now loving his role as a junior accountant. We decided to ask Will a few questions to find out more about him outside of Hoffman Kelly. If you could only watch [...]
Strategies and Best Practices for Improving Cash Flow in Construction and Manufacturing Businesses
Maintaining a healthy cash flow is crucial for the success and sustainability of any business, particularly in the construction and manufacturing industries. These sectors often face unique challenges that can impact cash flow, such as project-based billing, inventory management, and supplier payment terms. If you operate in the construction or manufacturing space and are looking [...]
5 Minutes With… Johannah
Johannah became a part of the Hoffman Kelly team in February 2022 as an accountant. We sat down with Johannah to find out a little bit more about what she likes outside of the office. If you could only watch one movie for the rest of your life, what would it be? Either She’s the Man [...]
Safeguarding Your Success: Asset Protection Strategies for Medical Professionals
As a medical professional, you dedicate your career to providing quality care and saving lives. However, it's also important you remain mindful of protecting your hard-earned assets. Asset protection is a crucial aspect of planning for all those in business, but is particularly important for those who work in the medical industry. By implementing effective [...]
Financial Reporting: Understanding Stock and Work in Progress in Construction and Manufacturing
When it comes to running a business, accurate financial reporting is important. But for construction and manufacturing companies, it's even more essential. Businesses within these industries face their own unique set of challenges, like dealing with stock and work-in-progress (WIP) for projects, which often become major headaches if you’re not on top of your financial [...]
5 Minutes With… Lisa Cronin
Lisa’s journey at Hoffman Kelly began in July 1995. During this time, Lisa has been part of the administration group taking on various roles within the team. Over the years she has watched the practice grow and succeed into what it is today. While having a chat with Lisa, she shared some insights about her [...]
6 Changes to Your Business & Personal Tax Returns From July 1st
Are you ready for tax season? Well, whether you're excited or dreading it, there are some important changes coming to the Australian tax system on July 1st, 2023. These changes could have a significant impact on your bottom line, so it's important to be aware of them. To help you get more clarity on what [...]
5 Minutes With… Rachael Lim
Accountant, Rachael Lim, joined Hoffman Kelly in April 2021. We took some time to spend with Rachael to learn more about her beyond her professional career. If you could only watch one movie for the rest of your life, what would it be? Studio Ghibli – Howl’s Mowing Castle. Who is your inspiration? My parents [...]
5 Ways to Boost Productivity in your Manufacturing Business
For many Australian businesses, we understand how challenging it can be to navigate the tough conditions in today's manufacturing sector. Rising input costs and constant downward pricing pressures can really put a strain on a business. While it's important to focus on increasing sales, there are other strategies that can have an immediate impact on your [...]