News


Forsyths Spreads Joy this Christmas with their Build a Bike for Charity Initiative

Forsyths, a leading regional Accounting and Financial Services firm, recently celebrated its annual Firm Day, by blending team building with community giving. The unique event brought together teams from their five regional locations to assemble 15 bicycles from scratch, each destined to bring holiday cheer to families in need.


Don't Ignore Those Tax Debts: The ATO Won't!

Whilst the ATO went out of its way to assist businesses doing it tough during the COVID lockdowns, a more robust approach to collecting outstanding tax debts now seems to be the order of the day.


Two "Main Residences" is Possible

The CGT exemption for a person’s home is only available in respect of one home owned at any given time.


Taken Goods for Private Use? Here's the Latest Values

The ATO knows that many business owners naturally help themselves to their trading stock and use it for their own purposes.


Lost or Destroyed Tax Records? Don't Panic!

Now and then, taxpayers may find themselves in a situation where they simply have no records to back up a tax claim. 


Give Yourself a Super Gift This Christmas

Give yourself the ultimate gift that doesn't cost a thing – a super to-do list which is a gift that will benefit you now and in the future.


Adapting to changing weather and economic conditions

Staying ahead of the curve is essential. As we continue to witness the impact of changing weather patterns and economic fluctuations on farming operations, it becomes increasingly clear that adopting smart financial farming strategies is not just beneficial - it's crucial


Cyber-attacks

Cyber-attacks are always prevalent and reaching the news headlines more and more frequently. Bad actors can do a lot of damage to your data and systems. And they're always finding new ways to break in. So, at Forsyths we urge you to be careful and protect yourself online.


How to nominate a superannuation beneficiary

There are many types of nominations offered by different funds. Knowing which one suits your circumstances is key to ensure your superannuation ends up in the right hands.


Qualifying as an interdependent or financial dependant

A question that often gets asked when dealing with death benefit nominations is whether a person will qualify under the interdependency or financial dependency definitions. This is an important consideration as meeting the dependency criteria will enable potential beneficiaries to qualify as a dependant and therefore allow them to receive a death benefit.


When two bonuses are not enough... Introducing the Energy Incentive!

If you’ve been putting off upgrading the inefficient office air-conditioner, a new 20% bonus deduction might just be the incentive you need to help beat the heat before it arrives with a vengeance!


Who is a resident for tax purposes?

A person’s residency for tax purposes can be one of the most difficult issues to determine in Australian tax law. And it is not just a question of whether a person is a ‘citizen’ of Australia.