As the leader of a mid-size, multi-generational family business, you’ve likely built enduring relationships that have spanned decades—none more steadfast than the one with your accounting firm. But with the evolving demands of the modern business landscape, you might find yourself questioning whether your long-standing advisors are still the best fit for your businesses needs […]
The quality of service and advice you receive from your accountant directly influences your business’s financial success, growth potential, and longevity. For owners of family businesses, it’s not just about compliance—it’s about preserving your legacy, optimising your operations, and ensuring that your business thrives for future generations. Ensuring you have the best possible accountant is […]
The Colgan Industries story dates back to the late 1960’s, when Martin Colgan, a ‘ten-pound pom’, started a subcontract bricklaying and block laying business in Perth. Building on a successful subcontracting career, the business evolved to specialise in large commercial heritage restoration projects, including prestigious sites like St George’s Cathedral, Government House, Perth Town Hall, […]
Born and raised in the Wheatbelt region of Western Australia, Darren Fissioli’s journey from a small-town upbringing to becoming a partner at Thorntons, a prominent Perth-based accounting and advisory group, is a testament to his dedication and passion for his profession. Early life and education Growing up in the Wheatbelt, Darren’s early life was influenced […]
The 1930s and 1940s were a devastating period in Greek history. In 1938, foreseeing the upheaval that was about to envelop his country, and determined to build a better life for his family, Dimitrios Trandos left his wife and their two sons in their hometown in Northern Greece. He migrated to Australia, where he grew vegetables on […]
Corrina and Daniel Michael are broadacre farmers in the Mid-West region of Western Australia. The farm spans some 7,500 hectares, with 5,500 hectares owned and an additional 2,000 hectares leased. The family primarily engages in broadacre cropping, including wheat, lupins, canola, and barley, along with some cattle and sheep farming. This legacy has been cultivated […]
Headquartered in the heart of Western Australia’s Wheat Belt, you might be surprised to find Shermac – a family-owned business that manufactures specialised water carts and service vehicles for the mining and construction industries. Shermac’s client list is a who’s who of some of the largest companies in the world such as Alcoa, BHP, Rio […]
The SG rate, which determines how much an employer must contribute to employee super funds, will increase from 11% to 11.5% on 1 July 2024. Contributions to concessional (before-tax) super will increase from $27,500 to $30,000. From the 2024-25 financial year, the non-concessional (after-tax) super contributions cap will also increase to $120,000. Superannuation Guarantee (SG) […]
Getting ready for an audit is unlikely to be one of your favourite things to do as a business owner. But being prepared, organised and ready can take some of the pain out of an audit. Planning for your audit helps your auditor get their job done more quickly, and also means there’s minimal disruption […]
The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget at 7:30 pm (AEST) on 14 May 2024. Described as a “responsible Budget that helps people under pressure today”, the Treasurer has forecast a second consecutive surplus of $9.3 billion. The main priorities of the government, as reflected in the Budget, are helping […]