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The concepts of Return on Investment (ROI) and cost play important roles in assessing the financial health and performance of businesses, projects, and investments. These two focus on different aspects of financial analysis. Return on investment (ROI) Return on Investment (ROI) quantifies the ratio of the net profit or benefit gained from an investment to […]
A budget can serve like a map in the world of personal and business finances. Budgeting is a powerful tool that empowers you to take control of your funds. Whether you’re an individual looking for ways to manage your personal finances or a business owner with the goal of optimising your operations, understanding the various types of […]
Taxpayers are said to often find themselves seeking expert guidance to ensure their financial health and compliance. Star Advisers offer a range of essential services to help clients manage their finances, optimise tax strategies, and make informed decisions. Below are the basic accounting services that we offer: Below are the accounting services that we offer: […]
The Australian tax system, encompasses various types of tax returns that individuals, businesses, and entities need to understand. Here are the different types of Australian tax returns, shedding light on their purposes and significance: + Business Activity Statement (BAS) Only businesses operating in Australia are required to prepare and submit a business activity statement (BAS) […]
Financial Accounting is the process of identifying, recording, summarizing, and analyzing an entity’s financial transactions and reporting them in financial statements to its existing and potential investors, lenders, and creditors. An accounting cycle is a systematic approach to recording all the financial transactions during an accounting period. Step 1. Identifying transactions A regular task of […]
Do you know how to properly assess your business by processing your financial data into reports? There are three levels to assess your business’ performance: the balance sheet, the income statement, and the cash flow statement. Balance Sheet A balance sheet uses this formula to give you a simple illustration of how your business is […]
You can be a great business person even if you’re not great at accounting. Knowing and understanding the basics can help you make good business decisions. Have you ever wondered what the difference is between accounting and bookkeeping, or if they are different at all? When you say bookkeeping, it is the process of recording […]
Setting up an SMSF gives you the power to choose where to invest your fund, including residential or commercial properties. Residential vs Commercial Property + Residential Property Buying a residential property through an SMSF has the following restrictions: The restrictions above are reminders of why you may not be able to buy your vacation house […]
What is Estate Planning? Estate planning means setting up your financial affairs to ensure that your assets are distributed to your intended beneficiaries after your death. A good estate plan should consider how to lessen the tax due when your beneficiaries receive your assets. Preparing a binding death nomination (SMSF will) is important because it contains […]
Have you ever wanted to have control over your own superannuation fund and not just rely on a man in a suit to decide where your money is invested? Then you can have a discussion with us about your current financial position to see whether a Self-Managed Superannuation Fund is a good choice for you. […]
