Calibre Business Advisory

As we step into the Year of the Wood Snake, we wish you wisdom, resilience, and prosperity in the year ahead. The snake symbolizes transformation, insight, and adaptability—qualities that inspire us to embrace change and seize new opportunities. May this Lunar New Year bring you clarity in decision-making, strength to overcome challenges, and abundant success in every pursuit. Thank you for entrusting us as your partners in growth. Together, let’s make 2025 a year of transformation and achievement. Wishing you and your loved ones a joyful, harmonious, and prosperous Lunar New Year!

The healthcare sector requires both financial transparency and regulatory compliance. Financial audits ensure this by analysing health organisations’ financial statements for accuracy, under applicable laws and regulations, and integrity. From hospitals to private clinics, knowing the importance of financial audits can protect against risks and build trust among patients, staff, and regulators. A financial audit is an independent examination of the financial statements of a healthcare organisation to ensure that the books are accurate and have complied with all relevant laws, regulations, and accounting standards.

To our Global Network and Valued Clients,   We are thrilled to announce that Calibre Business Advisory has officially joined AGN International's Asia Pacific (AP) membership. AGN International is one of the world’s leading associations of independent certified public accounting and consulting firms, renowned for its rigorous admission criteria and commitment to excellence.   Calibre's motivation for joining AGN's global network is driven by our vision to act as a catalyst for our clients' expanding international business.    We believe that cross-border collaboration and knowledge sharing will enhance our capabilities and services. We aim to contribute to AGN's growth and success while benefiting from the collective expertise of fellow members.   Thank you for your continued trust and support.   Together, we will achieve new heights. #calibrebusinessadvisory #calibrepartners #calibreglobalsearch #australia #sydney #singapore #seoul #korea

We are delighted to share the exciting news that Harry Choi, Anna Im, and Arthur KIM have been promoted to Associate Partners at Calibre Business Advisory. Harry, Anna and Arthur have been unwavering pillars within our business and their dedication, expertise, and leadership shine amongst their peers. Let us celebrate their well-deserved promotion to Associate Partners! #CalibreBusinessAdvisory #Leadership #Success #Sydney #Seoul #Singapore #Malaysia #Hongkong #Vietnam

As always this time every year, its always a pleasure to bring the entire firm from all our offices together to celebrate the end of the financial year. This year, the location for Bae's Amazing race was Tokyo, Japan and certainly Tokyo lived up to it's vibrancy, food and culture. From the Partners to all our staff, thank you for your contribution. Calibre Business Advisory has made large strides in growth and we could not have done it without you and we appreciate you all. So where to for 2025? Kevin Bae, Edward Song, Roger Wong, Tim Suryanata, Tony Nguyen (阮托尼), #calibrebusinessadvisory #calibreglobalsearch #tokyo #baesamazingrace

Providing exceptional patient care while managing the difficulties of operating a profitable business presents a unique challenge for Australia’s committed medical professionals. In addition to their already busy schedules, the complicated fields of medical accounting and strategic business planning can frequently feel overwhelming. This is where Calibre Business Advisory's specialised medical accounting and business advisory services come to the forefront. Our specialised services go beyond just traditional accounting. We offer a comprehensive evaluation of your finances that safeguards your practice’s financial well-being. This helps ease the burden of working in an already stressful industry and allows you to focus on what matters most – your patients.

Last Thursday 18th April 2024, one of Calibre Business Advisory’s Senior Manager Accountants and Chartered Accountant, Harry Choi, held a seminar providing advice in dealing with the ATO tax audit activities. The successful seminar offered information regarding the recent ATO trends and how businesses can stay on top of tax compliance issues and record keeping requirements. Harry provided useful information on tax and accounting matters, drawing from his decades of experience in the accounting field. It was an informative and successful seminar, and we are proud of Harry’s efforts to help the Korean business community. #calibrebusinessadvisory #korea #accounting #tax #sydney                                 

Fringe Benefits Tax (FBT) is a unique tax levied on employers where specific benefits are provided to their employees that are not subject to regular income tax. As an employer, you must self-assess your FBT liability for the FBT year (1 April to 31 March). If you have an FBT liability, you must lodge an FBT return and pay the FBT you owe. This article explores the essentials every employer needs to know about FBT.