The do’s and don’ts of submitting work related claims

Work Related Car Expense Claims The Australian Tax Office has announced that it would be closely examining claims for work-related car expenses as part of a broader focus on work related expenses. Unfortunately, there have been cases where taxpayers have made mistakes on their claims or have submitted false work-related car expense claims, which has led to stricter measures being …

Investing in a low interest rate environment

Since August 2016 the official cash rate has been sitting at a historic low of 1.50%p.a. While this can be good news for those paying off a mortgage, it’s savers and those of us investing for income that find times like these tough. Cash investments provide low returns which means if you are nearing retirement, you are going to have …

How to increase profitability in your business

As business owners, it’s easy to look to increase the number of sales (revenue) that you make, as a way for your business to continue to grow. But sometimes, improving profitability can occur with the number of clients you have remaining the same. Here are some options of how increasing revenue isn’t the only way to increase profitability in your …

Financial Standard Announces Most Influential Financial Advisors: Jason Featherby Makes List for Second Time Around

The Financial Standard has recognised Jason Featherby, Director of Knight Financial Advisors, as one of the 50 most influential financial advisors in Australia for the second year in a row. The Power50 list features individuals, as voted by the industry, that are instrumental in shaping the future of financial advice in Australia. Not only are they industry leaders that are …

Australian Financial Review lists nation’s leading accounting firms: NKH placed in top 50

NKH Business Advisors & Accountants are pleased to announce our recognition in the Australian Financial Review’s Top 100 Accounting Firms list. The list, released earlier this month, offers a broad scope of the performance of the industry’s leading firms, with rankings based on total revenue and revenue growth. NKH Business Advisors & Accountants placed 50th, proudly joining the big four …

busting super myths

Busting the super myths

Like many Australians, when you hear the word superannuation, you might put it into the too hard or too complicated basket. But your financial future depends on what you do with your super now. People can be concerned about super due to statements they may have heard about this type of investment. We’ve taken the time to bust some of …

family business

When generations collide: Balancing the needs of business and family

Running a business has its ups and downs, but when it’s a family affair finding the balance between the needs of the business and the family can be tricky to navigate. Strong communication and even a little healthy conflict can hold the key to boosting the sustainability of a family business and the wellbeing of the family. Family Business Australia …

Part1: Keeping your nest eggs in line – a SMSF approach

Keeping your nest eggs in line With Easter upon us, it’s a good time to be contemplating our nest eggs. The majority of us will retire at some time and ideally enjoy the continuity of living standards. The earlier we make the commitment to start saving, the more likely this is to happen. We’re fortunate in Australia to enjoy a …

A Cryptic Look at New Currencies and Hoary Chestnuts

In the closing weeks of 2017, I found myself frequently reminded of that old chestnut: when your taxi driver is telling you about the best investment ever, you should already have sold. By December, it was hard to avoid a conversation about cryptocurrencies unless you were sitting alone. Even then, you probably heard one going on without any effort. And …