Fusion Solutions Blog

The latest in accounting news and financial planning advice

EOFY Considerations for SMSFs

May 30th, 2024|

The countdown is on to EOFY so let's summarise some key considerations for those with SMSFs as June 30 approaches. Contributions Cash contributions will only be recognised when received by the fund - not when it is made. A timely

2024-25 Federal Budget Wrap-up

May 15th, 2024|

On Tuesday 14 May 2024, Treasurer Jim Chalmers released the 2024-25 Federal Budget, aiming to assist Australian households and ease the cost of living pressures with tax cuts, energy bill rebates, cheaper medicines and increases to medicare thresholds. We have

Is Your Business Feeling the Pinch?

March 15th, 2024|

There is no doubt that times are tough for many small business owners. Business insolvencies across Australia are on the rise with over 8,000 businesses entering liquidation in 2023, the highest level since 2015. The leading industry for insolvencies is

Diversification – Pass or Fail?

February 27th, 2024|

Diversification. It's the investment buzzword. Yet for good reason. Over time, phases and hot things come and go. Yet the tried, tested and true can withstand the test of time. And leading the list is diversification within your investment portfolio.

Retiring with Purpose

January 2nd, 2024|

Is retirement in your future for 2024? Did you hang up your boots in 2023 and say goodbye to the 9-5pm grind? Whether you are newly retired or retirement is in your very near future, we need to talk about

How Much is Enough to Retire?

October 18th, 2023|

Are your thoughts starting to shift towards retirement? Are you spending your days dreaming of that trip around Australia, spending more time with the grandkids or simply just...being? Chances are retirement is in your short-term future plans. If so, you

Has Your Super Passed the Test?

September 14th, 2023|

The Australian Prudential Regulation Authority (APRA), the one that ensures Australia's financial system is stable, competitive and efficient, has released the results of the 2023 superannuation performance test. The test is performed every year and is designed to improve member

  • woman needing NSW Small Business Energy Bill Relief

NSW Small Business Energy Bill Relief

August 25th, 2023|

A welcome reprieve for NSW business owners With Many small business owners navigating their way through rising costs of living and high interest rates, any bill relief comes as a highly welcome gift. Especially when it comes to assistance with

Turbocharge your Investments

July 12th, 2023|

We all need a little boost sometimes, right? The same goes for your investment portfolio. Know the best way to go about it? It's just one simple word that can go so far. Reinvest. The lure of change Humans are

Why Human Advice is Best

April 17th, 2023|

As a species, we crave interaction. It is an essential ingredient to what makes us human. The richness and versatility of our communication abilities is unique to the human race. So, surely it makes sense to seek out advice from

  • man shielding from a recession

Are we Headed for a Recession?

April 11th, 2023|

For the past 10 years, the Australian economy has been riding on a smooth, smooth wave. However, as historical cycles dictate, that cycle is due for a downturn. In the months and years ahead, we can expect to see a

  • employees using fbt

Changes to 2023 Fringe Benefits Tax

March 19th, 2023|

Closing the Fringe Benefits Tax Gap The 31st of March marks the end of the Fringe Benefits Tax (FBT) year. As a result of budget deficits thanks to COVID-19, the ATO will be on the lookout for employers who should

  • woman calculating working from home expenses

Changes to Working From Home Method

March 13th, 2023|

ATO changing the way you claim working-from-home expenses For those individuals who work from home, you'll find some changes when it comes to lodging your working-from-home expenses this financial year. From 1 July 2022, the ATO has explained that taxpayers

  • vet waiting room

Making a Good First Impression

February 27th, 2023|

To your pet, the waiting room of a veterinary clinic can be an absolute assault on the senses. An array of new smells. Other animals. Crowds. Bright lights. New sounds. Chances are your pet is already on high alert with

  • single mother in her own home

Making NSW Home Ownership More Affordable

February 20th, 2023|

Helping eligible Aussies buy their first home Are you: a single parent? single and over 50? a nurse, midwife, paramedic, teacher, early childhood educator or police officer? Well, the NSW Government is helping to make homeownership more affordable for you.

  • man receiving $500 government co-contribution payment

$500 Government Super Co-Contribution Scheme

February 14th, 2023|

How does an extra $500 a year, for FREE, sound? Pretty good we think. It's called the government co-contribution to your super. It's the government's way of helping you save for your future. What is the government co-contribution? The co-contribution

Resetting the ‘New Normal’ Switch

January 8th, 2023|

All good things must come to an end Investors over the past ten years have had a good run. They've become accustomed to double-digit returns and low market volatility. Now may be the time to reset to a 'new normal',

Supporting Underperforming Team Members

November 21st, 2022|

As a Practice Manager or Owner, leadership comes down to you. This includes not just congratulating those who perform to task or above expectations, but assisting those team members that are underperforming. It can often be one of the toughest

Reinvest and Reap the Rewards

October 24th, 2022|

Earlier this month we discussed why it pays to stay invested and why it pays to hold strong during turbulent market conditions. Now, let's look at how reinvesting will help you stay in the long game, boost your returns and

Why it Pays to Stay Invested

October 12th, 2022|

Current market conditions are tough with investors feeling like a ship lost at sea. Global stock markets are shaking and we are continuing to see the RBA push up interest rates with no signs of slowing down just yet. A

  • the financial golden egg

5 Tips to Find Financial Security

August 30th, 2022|

Ah, the golden egg. Financial security. Some of us have it. Many of us strive for it. However, with a bit of forward-planning, is achievable for all of us. First of all, what is your definition of financial security? Is

  • uncertain global markets

Property Market and Lending Update

August 12th, 2022|

Don't we all wish we had a crystal ball.... never truer! The Australian property market and interest rates are throwing everyone into a spin. Rates are rising. Cost of living is increasing. Consumer confidence is down. The market is spooked.

  • first time investor

Investing Tips for Beginners

July 28th, 2022|

Taking the plunge into investing as a first-timer can be a daunting experience. But guess what? We've all been there. Every seasoned investor was once, like you, a newbie. Ready to dip their toes into the investing game. The good

Is Owning a Vet Practice Right for You?

July 22nd, 2022|

Are you contemplating ownership of a vet practice? Do you want to take your career one step forward and own your own practice? Owning a vet practice can be financially, intrinsically and professionally rewarding. It can also be a lot

  • fusion-july-update

Fusion July Update

July 19th, 2022|

There have been a lot of new happenings here at Fusion, so we thought we would collate them all into one simple location for our valued clients. Tax Checklists We are now deep in the throes of tax return prep

  • selling-a-vet-practice

Selling a Veterinary Practice

June 22nd, 2022|

So you are thinking about selling your veterinary practice? You've either had your time, are looking to retire or just looking to hand over the reins. No matter what stage of life you are in or your reasons for selling,

  • woman nervouse about stock market plunge

Now is Not the Time to Stop Investing

June 16th, 2022|

The Australian stock market has seen better days. We haven't seen such a severe dip since the start of the COVID pandemic. Rising inflation in the US and the subsequent 0.75 hike in US interest rates saw $116 billion wiped

Financing a Veterinary Clinic

May 31st, 2022|

Are you a veterinarian who is looking to take the next step in your career? Are you considering branching out on your own and starting a new business? Are you looking at buying an existing clinic? Starting a new business

It’s Time to Start Tax Planning

May 18th, 2022|

"Plans are nothing. Planning is everything". - Dwight D. Eisenhower As any Financial Planner will tell you - planning is everything. Tax time is just around the corner as we hurtle towards the end of May and June 30 is

  • woman in 2022 floods

NSW and QLD Financial Assistance for 2022 Floods

March 7th, 2022|

As the new week starts, individuals and businesses along the East Coast continue with a mammoth cleanup following the devastating 2022 flood event. NSW and QLD State and Federal Governments are starting to release financial assistance packages for those affected

Latest Changes to Your Super

February 23rd, 2022|

A super start to the year The 2021 budget saw quite a few changes to Superannuation come into effect, aimed at delivering better results for more members. In particular, women and those in part-time and casual employment will benefit from

  • kids in private school

Saving for your Children’s Education

February 10th, 2022|

If you have kids, no doubt you have pondered what their future education looks like. Paying for your child's education is one of life's big financial decisions. In some cases, it can even dictate how many children some couples consider

  • old couple writing their will

Heading into Retirement – Inheritance

December 13th, 2021|

If you have received, or are receiving a sizeable inheritance, you might be wondering about the tax implications of receiving a large sum of money. As tricky as it can be to consider the tax obligations of an inheritance, it

  • retirees downsizing

Heading into Retirement – Downsizing

December 7th, 2021|

In the first part of our retirement series, we shared some thoughts on transitioning to retirement. Now let's turn our gaze to one of many effective retirement strategies - downsizing. Now the children have left home and possibly even the

  • man and woman in retirement

Retirement Series: Transitioning to Retirement

December 2nd, 2021|

As we wrap up the year, we bring you a three-part series on transitioning into retirement and some effective retirement strategies. For soon-to-be-retirees, 2020 and 2021 threw a decent spanner into the mix. Retirement plans were delayed. Some returned to

  • trading cryptocurrency

Crypto Guide for Beginners

November 12th, 2021|

Cryptocurrency. You've heard of it. You know you can trade it. Yet are you still confused about what it actually is and how it works? You are not alone. It is important to understand prior to any investment, that investment

  • santa

5 Tips to Manage Cash Flow Over Christmas

October 22nd, 2021|

'Tis the season for Managing Cash Flow December is coming faster than a speeding train. Whilst some may be planning office Christmas parties, others may be thinking about their upcoming downturn in cash flow. For some businesses, Christmas is a

  • man showing business profit scale

8 Ways to Boost Your Profit

September 27th, 2021|

As business owners, we all want to increase our bottom line. The best way to do that is to continually grow your business. Growing your business means more cash for you now plus a higher sale price in the future

  • five star reviews for accountants in Tweed Heads

How to Foster Positive Client Reviews

August 19th, 2021|

Recommendations and client reviews can have both the best, and the worst, impact on business. A positive review can go a long way to fostering client trust and loyalty. Positive reviews can help to attract new clients, spread your brand

Developing New Products & Services

August 12th, 2021|

So far on our journey of growing your business, we have discussed: Increasing your customer base Finding new markets Our third monthly feature on growing your business is developing new products and services to open new markets. Adding fresh new

  • sales rep helping to expand market share

How to Find New Markets

July 27th, 2021|

Last month we bought you an article on how to retain your clients and increase your customers. We looked at ways to retain and engage existing customers along with finding new customers. This month, let's talk about how to find

  • nsw business lockdown support

NSW Business Lockdown Support

July 23rd, 2021|

The NSW and Federal Government have announced a series of support packages for NSW businesses during extended lockdowns of 4 weeks or more. COVID-19 Business Grant If you’re a business, sole trader or not-for-profit organisation in NSW and you've been

  • man claiming deductions on his tax return in 2021

What Can I Claim this Tax Year?

July 19th, 2021|

Each and every year we highlight what you can and cannot claim along with the red flags the ATO are on the lookout for. Once again, we have had another year to add to the yearbooks. Or to forget entirely....

  • updating your will in Tweed Heads

New Estate Planning Service

June 24th, 2021|

Have you thought about what will happen to your estate in the event of your death? Do you have an up-to-date will? What will the tax implications be for your family if they inherit your estate? Do you have adequate

  • calculting carry forward contributions

What are Concessional Contributions?

June 8th, 2021|

Carrying forward unused concessional contributions Have you sold a rental property or have a taxable income that needs to be reduced? There is the ability to contribute to super and use carry forward unused concessional contributions. It's never too late

Federal Budget 2021 Recap

May 13th, 2021|

It was a big Federal Budget night Tuesday night with greater spending across the board and a focus on tax offsets and incentives to assist small business and help more Aussies into their own homes. We recap the big-ticket items

Keen to Pay Less Business Tax?

April 16th, 2021|

How to minimise your business tax this EOFY If there is one thing we know for certain, it's that everyone wants to pay less tax. It's money straight back in your pocket. Imagine the things you could do with money

  • man deciding if a self managed super fund is right for him

Is an SMSF Right for Me?

March 10th, 2021|

Have you been considering whether a Self Managed Super Fund is the way to go for your Super? If so, we are going to break down the basics to help you decide whether an SMSF is the best option for

  • benefit of an offset account

The Benefits of an Offset Account

February 19th, 2021|

Keen to save on your home loan interest repayments? No doubt the answer is a resounding YES. We all want to save on interest repayments. The easiest way to do so is with an offset account. Once you have the

  • cash term deposit

Looking for a Better Return on Your Cash?

February 10th, 2021|

Make your Cash Work Harder for You Feeling frustrated with your banks with their interest rate returns on your cash? Looking for an alternative to low rate bank term deposits and savings accounts? You are not the only one. Hard-working

  • vet burnout

The Vet Blog: Avoiding Veterinary Burn Out

February 5th, 2021|

The downside of saving animal lives Due to the very nature of the job, both human and veterinary health sectors suffer from higher than average occupational stress, depression, mental disorders and suicide than the average occupation. Even when compared to

  • financial planner in tweed heads with customer

The Value of a Financial Advisor

January 14th, 2021|

2020 was an unpredictable year. We saw markets crash and markets recover. Never before has the value of a financial advisor been more apparent. When faced with volatile financial markets, experience comes into play. Having a financial advisor on your

  • mortgage in scrabble letters

Is it the right time to take out a home loan?

September 25th, 2020|

With COVID restrictions beginning to ease across the country, those who were looking to enter the market pre-COVID may be looking at coming out of hibernation. Additionally, those with existing mortgages are looking at their loan structures and wondering if

  • man deciding if it is the right time to invest

Is it the Right Time to Invest?

September 16th, 2020|

Time in the market is time well spent We receive a lot of enquiries from potential investors asking, is now the right time to invest in the stock market? With spending on a downturn, many Australians are saving more than

  • self managed super fund accountant tweed heads

Looking to Switch your SMSF Accountant?

August 6th, 2020|

Why Choose Fusion Solutions SMSF Accounting Service? When choosing an SMSF accountant, there are two key ingredients to look for. A qualified and experienced Self Managed Super Fund team to manage your account The flexibility of real-time reporting so you

  • EOFY tax planning motor vehicle purchase

EOFY Tax Planning & Purchases

June 2nd, 2020|

End of Financial Year is upon us which means time for some EOFY tax planning to ensure your business is in the best financial position possible. Now is the ideal time to take advantage of the EOFY sales, stimulus packages,

  • man applying for jobkeeper package

The JobKeeper Application Process

April 19th, 2020|

The $130 billion JobKeeper Payment Scheme applications officially open on Monday 20th April to assist those businesses that are affected by the Coronavirus. The Scheme is available for employers to pay eligible employees $1,500 (before tax) in an effort to

The 2nd Government $66 Billion Stimulus Package

March 22nd, 2020|

Amid further COVID-19 uncertainty, the Morrison Government has announced a 2nd $66 billion stimulus package. An economic lifeline as such in an attempt to keep Australians heads above water and save jobs. This latest package brings Australia's total stimulus to

Government $17.6 Billion Stimulus Package

March 14th, 2020|

This week we have been receiving many calls from clients asking about the newly announced $17.6 billion Government stimulus package handed down from the Morrison Government. The stimulus package is aimed at businesses and those on welfare and pensioners in

  • financial advisor tweed heads

Fusion Solutions Undergoes Rebrand

March 13th, 2020|

Meet the New & Improved Fusion Solutions Back in April 2019, the Fusion Solutions team decided to undertake a complete business strategic review. The aim of this process was to: Identify our targeted client base Streamline our services to focus

Your handy moving-house checklist

August 28th, 2018|

Whether you’re a growing family in need of a bigger house, empty nesters downsizing or someone who’s just looking for a change of scenery, moving to a new home is a big deal. It can also be costly, stressful and

Raising money confident kids

August 14th, 2018|

Set your kids up for financial success by teaching them about money and taking care of your own financial wellbeing. It can be challenging to help children understand the concepts of spending and saving when they watch you ‘tap’ and

Making a Smooth Transition to Retirement

July 9th, 2018|

Wondering about the best way to ease into your retirement years? A transition-to-retirement strategy may be the answer, but it’s important to know that the rules have recently changed. Here’s the lowdown. These days, there are all sorts of pathways

Managing the costs of child care

July 2nd, 2018|

To make child care more affordable, the federal government offers parents financial assistance to help cover the costs. However, in July 2018, the government made some important changes to the child care system. Here’s what you need to know. Raising

How Much Super is Enough?

July 2nd, 2018|

What’s the magic amount you need in your super account to retire comfortably? Unfortunately, this age-old question is a difficult one to answer, because it will be different for everyone. The good news is that there’s a wide range of

Go to Top