Grow Collective News

The Fringe Benefits Tax (FBT) year ends on 31 March. Employers must lodge an FBT return if they’ve provided fringe benefits to any employee or associate during the FBT year.…

The FBT year ends on 31 March 2023 and is an area of focus for the Australian Taxation Office (ATO). FBT is payable by employers when certain benefits are provided…

We’re often asked the best way to sell a business.There are two key components at play in the sale of a business: structuring the transaction; and positioning the business to…

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation.Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the…

Clients with self-managed super funds (SMSFs) often ask what assets the SMSF can acquire. Why? The golden rule for acquiring assets inside your SMSF is why? To be compliant, your…

With interest rates on the rise and investment returns increasingly volatile, Australians with cash to spare may be wondering how to make the most of it. If you have a…

  The calendar turns over to a fresh, brand new year, full of promise, so how do we keep these promises we make to ourselves and get to the end…

  Christmas is a time of giving, when thoughts turn to family and to helping those less fortunate. To gift in a meaningful way that maximises the benefits, it’s important…

 It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation for key stakeholders, etc. Here are our top tips…

 By now, you may be familiar with the “Hi Mum” scam. The message starts with, “Hi Mum, I have broken my phone and I am using this number.” The “Hi…

  Saving a few dollars today can add up to a lot of money later on – cash that you can use to start investing, pay off your debt repayment,…

The value of cryptocurrency assets inside Australian self managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between June 2019 and June 2022, according to the latest ATO statistics. While cryptocurrency…