News
Fringe Benefits Tax 2025: What you need to know
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
Forsyths Principals Retreat: Planning for Success
Each year, our Forsyths Principals come together for a dedicated four-day retreat—a valuable opportunity to strategise for the year ahead, analyse industry trends, and set new goals to support our business, our clients, and our people. This year, our team traveled to the stunning coastal region of Port Stephens for an inspiring and productive retreat.
Forsyths Gunnedah Proudly Sponsoring the 2025 Gunnedah Show.
Forsyths Gunnedah is once again a proud sponsor of the Grand Champion Prize in the Art Section at the 2025 Gunnedah Show held on Friday, April 4 to Sunday, April 6.
Forsyths Proudly Supporting Tamworth Downunder Cricket at U-PRO Club World Series in Dubai
At Forsyths, we believe in supporting the local communities where we live and work. That’s why we are proud to be Gold Sponsors of Tamworth Downunder Cricket, who will be representing Tamworth at the U-PRO Club World Series in Dubai from April 4 – April 13, 2025!
Scam Alert: Beware of Fake Company Payment Requests
A new scam has been circulating where fraudsters impersonate the Australian Securities and Investments Commission (ASIC), and other registration companies are asking individuals and businesses for payments to release funds or assets.
Introducing Forsyths Investment Portfolios
We are excited to introduce a new investment service for our clients - the Forsyths Multi-Asset and Income Portfolios.
Threshold for tax-free retirement super increases
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025.
Is there a problem paying your super when you die?
The Government has announced its intention to introduce mandatory standards for large superannuation funds to, amongst other things, deliver timely and compassionate handling of death benefits. Do we have a problem with paying out super when a member dies?
Will credit card surcharges be banned?
If credit card surcharges are banned in other countries, why not Australia? We look at the surcharge debate and the payment system complexity that has brought us to this point.
Why the ATO is targeting babyboomer wealth
The Australian Taxation Office (ATO) thinks that wealthy babyboomer Australians, particularly those with successful family-controlled businesses, are planning and structuring to dispose of assets in a way in which the tax outcomes might not be in accord with the ATO’s expectations.
Investing in the Future: Forsyths Sponsors Financial Literacy for Calrossy Students
At Forsyths, we believe that financial literacy is a cornerstone for future success, which is why we are proud to sponsor the Lifeskills Academy for Calrossy Year 10 students in 2025.
RBA Announces First Rate Cut Since 2020
For the first time since 2020, the Reserve Bank of Australia (RBA) has announced a rate cut, reducing the cash rate target to 4.10%. This decision signals confidence in the Australian economy’s stability but will have different implications depending on your financial situation.
Welcoming Steve Thomson to Forsyths
We are delighted to introduce Steve Thomson, who joined Forsyths in February as our new Director of Financial Services. With over 30 years of experience in the financial services industry, Steve brings a wealth of expertise, leadership, and strategic insight that will further strengthen our team and the services we provide to our clients.
Stay Alert: Counterfeit Cash Circulating in Local Businesses
While the saying "cash is king" still holds true for many businesses, recent incidents of counterfeit banknotes have been discovered in EBD (Electronic Bulk Deposit) bags by Armaguard highlight the risks of handling physical money.
Halfway Through the Taxation Year: The Power of Planning
As the calendar flips to the second half of the taxation year, many business owners find themselves caught in the whirlwind of day-to-day
operations. For some, this period feels like just another checkpoint; for others, it’s a wake-up call to take control of their financial
strategies.
This is the story of David, the owner of a growing manufacturing business. Like many entrepreneurs, David started the year with ambitious goals but soon got swept up in the demands of managing his team, fulfilling orders, and keeping customers happy. By the time he realised it, the year was already half over, and he hadn’t yet revisited his business plan.
Supporting the Next Generation: Forsyths and the Gunnedah Community Scholarship Fund
At Forsyths, we believe that investing in the next generation is key to building strong, vibrant communities. That’s why we are proud to support the Gunnedah Community Scholarship Fund, an initiative that has been making a tangible difference in the lives of young people for more than 20 years.
What’s ahead in 2025?
The last few years have been a rollercoaster ride of instability. 2025 holds hope, but not a guarantee, of greater stability and certainty. We explore some of the key changes and challenges.
Ricky Goel Shines Bright at the Rising Star Awards 2024
We are thrilled to share that Ricky Goel has won the Audit category at the 2024 Rising Star Awards in Sydney on Friday 22nd November.
Bah humbug: The Christmas tax dilemma
Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season.
What makes or breaks Christmas?
The cost of living has eased over the past year but consumers are still under pressure. For business, planning is the key to
managing Christmas volatility.
The countdown to Christmas is on and we’re in the midst of a headlong rush to maximise any remaining opportunities before the Christmas
lull. Busy period or not, Christmas causes a period of dislocation and volatility for most businesses. The result is that it is not
‘business as usual’ and for many, volatility can create problems.
Are student loans too big?
Australian voters tend to reject US style education favouring more egalitarian systems where income does not determine access. For Australian domestic students, the cost of completing a bachelor degree is generally between $20,000 and $45,000, excluding some of the higher value courses
Finalist Award Recognition
We are thrilled to announce that Ricky Goel and Rodney Wark have been recognised as finalists in their recent industry awards submission for 2024!
Growth and Dedication at Forsyths
At Forsyths, growth and dedication are at the heart of everything we do. We pay tribute to the incredible career of Megan Edwards, who has retired after 31 years of dedicated service and are proud to announce Diane McLeod's promotion to Director of Leadership and Development.
Tax Consequences of Inheriting Property
Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your assets will flow through to your beneficiaries.
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