News
Halfway Through the Taxation Year: The Power of Planning
As the calendar flips to the second half of the taxation year, many business owners find themselves caught in the whirlwind of day-to-day
operations. For some, this period feels like just another checkpoint; for others, it’s a wake-up call to take control of their financial
strategies.
This is the story of David, the owner of a growing manufacturing business. Like many entrepreneurs, David started the year with ambitious goals but soon got swept up in the demands of managing his team, fulfilling orders, and keeping customers happy. By the time he realised it, the year was already half over, and he hadn’t yet revisited his business plan.
Supporting the Next Generation: Forsyths and the Gunnedah Community Scholarship Fund
At Forsyths, we believe that investing in the next generation is key to building strong, vibrant communities. That’s why we are proud to support the Gunnedah Community Scholarship Fund, an initiative that has been making a tangible difference in the lives of young people for more than 20 years.
What’s ahead in 2025?
The last few years have been a rollercoaster ride of instability. 2025 holds hope, but not a guarantee, of greater stability and certainty. We explore some of the key changes and challenges.
Ricky Goel Shines Bright at the Rising Star Awards 2024
We are thrilled to share that Ricky Goel has won the Audit category at the 2024 Rising Star Awards in Sydney on Friday 22nd November.
Bah humbug: The Christmas tax dilemma
Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season.
What makes or breaks Christmas?
The cost of living has eased over the past year but consumers are still under pressure. For business, planning is the key to
managing Christmas volatility.
The countdown to Christmas is on and we’re in the midst of a headlong rush to maximise any remaining opportunities before the Christmas
lull. Busy period or not, Christmas causes a period of dislocation and volatility for most businesses. The result is that it is not
‘business as usual’ and for many, volatility can create problems.
Are student loans too big?
Australian voters tend to reject US style education favouring more egalitarian systems where income does not determine access. For Australian domestic students, the cost of completing a bachelor degree is generally between $20,000 and $45,000, excluding some of the higher value courses
Finalist Award Recognition
We are thrilled to announce that Ricky Goel and Rodney Wark have been recognised as finalists in their recent industry awards submission for 2024!
Growth and Dedication at Forsyths
At Forsyths, growth and dedication are at the heart of everything we do. We pay tribute to the incredible career of Megan Edwards, who has retired after 31 years of dedicated service and are proud to announce Diane McLeod's promotion to Director of Leadership and Development.
Tax Consequences of Inheriting Property
Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your assets will flow through to your beneficiaries.
More women using ‘downsizer’ contributions to boost super
If you are aged 55 years or older, the downsizer contribution rules enable you to contribute up to $300,000 from the proceeds of the sale of your home to your superannuation fund (eligibility criteria applies).
Payday super: the details
Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the
impending obligations on employers.
From 1 July 2026, employers will be obligated to pay superannuation guarantee (SG) on behalf of their employees on the same day as salary
and wages instead of the current quarterly payment sequence.
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