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Bookkeeper vs Accountant – Do I need one or both?

Most business owners are not aware of the difference between a bookkeeper and an accountant and why they may need both. A bookkeeper’s role is to capture and report source information regarding the financial activities of a business. This includes transactions like payroll, accounts payable, accounts receivable, banking, cashflow and preparation of regular management reports. [...]

By | March 11th, 2020|Categories: Uncategorized|Comments Off on Bookkeeper vs Accountant – Do I need one or both?

More Than Just Bookkeeping

The fact is that staying on top of your books is not easy. At Navwealth Bookkeeping Resources we can provide you with the package and services to fit your business needs and budget. We offer the peace of mind that comes from knowing that a trained professional is looking after your business financials, and meeting [...]

By | March 11th, 2020|Categories: Uncategorized|Comments Off on More Than Just Bookkeeping

Ask Yourself (or a Business Owner You Know)

  Do your accounts and financial deadlines keep you awake at night? Are your Financial Accounts up to date? Do you know who owes you money and know when you will collect that money? Do you monitor your business cashflow and have enough to pay your liabilities and bills? Are you meeting all your reporting [...]

By | March 9th, 2020|Categories: Uncategorized|Comments Off on Ask Yourself (or a Business Owner You Know)

A Night With Navwealth

Thank you to everyone who attended 'A Night With Navwealth' on Tuesday night at Macquarie Bank. We enjoyed a very informative economic update from Macquarie's Associate Director, Ben Forrester and were very entertained by Jackie Furey's presentation on Love & Money. It was also lovely to catch up with so many Navwealth clients. We received wonderful [...]

By | April 11th, 2019|Categories: Uncategorized|Comments Off on A Night With Navwealth

Quarter 1, 2019 – Financial Market Update

Key Points Following a dismal finish to 2018, share markets bounced out of their early January lows to record a strong start to the 2019 calendar year. Major highlights for the quarter included: A strong recovery in global and domestic equity markets Fixed interest markets rallied with Australian bonds hitting a new all-time low (as [...]

By | April 11th, 2019|Categories: Uncategorized|Comments Off on Quarter 1, 2019 – Financial Market Update

STP – We are ALL in

  What is STP? Single Touch Payroll is a new Australian Taxation office Initiative aimed to provide real time (or limited time) online payroll reporting. It is also being touted as a system or method for employers to lodge employee payroll details with the ATO. What payroll data do you need to know?          STP reports [...]

By | March 19th, 2019|Categories: Uncategorized|Comments Off on STP – We are ALL in

An end of year perspective on financial markets

After showing great promise throughout the year, 2018 has ended disappointingly for investors. As at mid-December,  Australian and global share markets have produced returns of negative 2% to 3% (including dividends) for the calendar year. Cash and fixed interest returns have been moderately positive, ranging from less than 1% for global fixed interest to just [...]

By | December 20th, 2018|Categories: Uncategorized|Comments Off on An end of year perspective on financial markets

Market Correction Comments – 14th November 2018

A comment on Equity Market Volatility The market’s recent weakness (the S&P/ASX 2001 is down 9.8% and in the US the S&P 500 is down 7.1% from their recent highs) has been the result of a confluence of factors, in particular, i) continued US Federal Reserve rate rises as well as rising bond yields, ii) [...]

By | November 20th, 2018|Categories: Uncategorized|Comments Off on Market Correction Comments – 14th November 2018

What’s changing on 1 July 2018?

The recent federal budget once again provided some insights into the governments broader fiscal plans for the economy, however, given the current political environment, a looming federal election and the fact that most budget initiatives will not commence until June 2019, there is a real possibility that the budget initiatives will not be passed and [...]

By | June 20th, 2018|Categories: Uncategorized|Comments Off on What’s changing on 1 July 2018?

Individuals

From a personal taxation perspective there are only minor changes that will affect the 2019 financial year. Personal tax bracket changes The top threshold of the 32.5% personal income tax bracket will increase from $87,000 to $90,000. Introduction of the Low & Middle Income tax offset Individuals that have a taxable income of up to [...]

By | June 18th, 2018|Categories: Uncategorized|Comments Off on Individuals