Trekk Advisory

🚨 Big Changes for Australian Businesses: What You Need to Know 🚨 The Senate ended the year with a whirlwind session, passing 32 Bills in one day. These updates bring significant changes that could directly impact your business. From superannuation reforms and tax updates to new compliance obligations for professional services and build-to-rent investment incentives, these legislative changes are shaping the business landscape for 2024 and beyond. Key highlights: ✅ Clear objectives for superannuation ✅ Tax reforms for SMEs and foreign investments ✅ Anti-money laundering rules extended to accountants, lawyers, and real estate agents ✅ Aged care funding overhaul for sustainability ✅ Build-to-rent tax incentives to address housing shortages ✅ Restructuring the Reserve Bank for better governance ✅ Stricter oversight on mergers and acquisitions These changes affect industries across the board, so it's crucial to understand how they might impact your operations, clients, or investments. 💡 Stay informed, stay ahead. Read our full article for a breakdown of the key changes and their implications here. Let us know your thoughts or questions in the comments! 👇

Happy Global Bookkeeping Week! 🌍✨ We’re taking a moment to celebrate the incredible bookkeepers on our team who keep everything in order behind the scenes. 📊💼 From managing finances to ensuring our clients’ businesses run smoothly, these heroes truly keep us on track! We’re grateful for everything they do, every single day. Show some love for your bookkeeping superstars! Drop a ❤️ in the comments to thank them for all the hard work they put in! #GlobalBookkeepingWeek #BookkeepingHeroes #TrekkAdvisory #BehindTheNumbers #ThankABookkeeper

🎄 Is your business ready for the Christmas season? 🎄 As the holiday rush kicks in, managing cash flow and planning effectively can be the difference between a successful season and a New Year headache. From cost pressures and discount strategies to the post-Christmas cash flow crunch, now’s the time to make sure your business has a plan in place. Check out our latest blog post for practical insights on navigating the holiday period: https://hubs.la/Q02XQv8x0 Whether it’s stock management, keeping cash flow steady, or preparing for the quieter March quarter, a little planning can go a long way. Let’s make this holiday season a win! 💪✨ #BusinessPlanning #CashFlowManagement #ChristmasReady #TrekkAdvisory

On 11 November, we pause to pay our respects to the Australians who served and sacrificed for our nation. Remembrance Day marks the anniversary of the Armistice in 1918 that ended World War I, a moment that continues to hold deep significance. At 11am, we’ll join in a minute of silence to honour the courage and resilience of those who gave everything to protect our future. Lest we forget. 🌹 #RemembranceDay #HonouringOurHeroes #LestWeForget #TrekkAdvisory

Stay ahead with our latest business insights! 📈 From inflation updates and SME relief predictions to the impact of the recent US election on Australia’s economy—our weekly digest covers it all. 🔍 Dive into the details and see how these changes might shape your business strategy. #BusinessNews #EconomyUpdate #TrekkAdvisory #SME #USElectionImpact

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💥 Trekk's Weekly Wrap – here’s what’s happening in the business world and the economy! 📈 ‘Every chance’: massive rates prediction There are plenty of hints that the Reserve Bank may soon make a major, unexpected shift in interest rates. Keep an eye out over the next few weeks—changes could be coming fast. 💳 Global payment processors warn RBA over card fee restrictions Mastercard and Visa are pushing back on the Reserve Bank of Australia’s possible fee restrictions, threatening to halt refunds for fraud victims if these changes go ahead. This is definitely a story to watch as it develops! 🏡 Victorian stamp duty slashed for off-the-plan apartments, units, and townhouses To stimulate the housing market, the Victorian government announced a 12-month stamp duty concession for buyers purchasing new apartments, units, or townhouses off-the-plan. Premier Jacinta Allan aims to boost the state’s housing affordability with this move. 🎄 Small businesses hoping for an interest rate cut in time for Christmas With shoppers still feeling the pinch, many small businesses are counting on a Reserve Bank interest rate cut before the holiday season. MYOB’s latest survey indicates that consumer spending could pick up if rates are cut—hopefully just in time for Christmas shopping! 📉 Overdue B2B payments reach a new high CreditorWatch’s latest Business Risk Index (BRI) reports that overdue B2B payments are now at their highest levels since March 2021. With rising costs and interest rates, businesses are feeling the pressure more than ever. 💸 How a small difference in super fees could cost you $100,000 Vanguard reports that a 0.5% difference in super fees can add up to a $100,000 shortfall by retirement. This is a crucial reminder of the importance of understanding and managing super fund fees over the long term. 🏘️ Business Council calls for a housing approval overhaul In a big push to boost supply, the Business Council of Australia has proposed a major overhaul of the country’s housing approval process. They’re calling for local and state governments to speed up home approvals with some sweeping recommendations. 🌏 How China’s new stimulus package could impact Australia With China’s recent stimulus announcement, AMP’s chief economist Shane Oliver notes a rise in iron ore prices and a potential boost for Commonwealth revenue. This package could hold some benefits for Australia’s economy. 😍 Need support or have questions? If you’d like to chat about any of these updates or need guidance for your business, don’t hesitate to reach out. We’re here to help! #BusinessNews #EconomyUpdate #TrekkWeeklyWrap #AustralianBusiness #StayInTheKnow

As your business expands, so do the complexities—but with the right support, those challenges can turn into exciting opportunities. At Trekk Advisory, we’re committed to keeping you always a step ahead. 💡 Our team offers a comprehensive range of services, from financial management to business advisory, all designed to help you stay on track and achieve your dreams. 💼✨ We’re passionate about building strong partnerships with our clients. 🤝 That's why we take the time to truly understand your business, allowing us to offer advice that's uniquely tailored to your needs. 📈 Whether you're gearing up for growth, navigating a restructuring, or seeking clarity, our team is ready to provide the expertise you need. 🧭 With Trekk Advisory by your side, you'll have a trusted partner to help you navigate the journey ahead. 🌟 Let's craft a brighter future for your business together. 🌟 Join us in this exciting journey! 🚀 https://hubs.la/Q02Tmqgl0 #BusinessAdvisory #AccountingSupport #TrekkAdvisory #YourBusinessJourney #BusinessSuccess

Business success doesn’t just happen—it’s crafted with careful planning, savvy decisions, and the right team by your side. That’s where Trekk Advisory steps in. 🚀 Think of us as more than accountants; we’re your business allies, delivering insights, strategies, and tools to accelerate your growth. From mastering cash flow to crafting business plans or forecasting finances, we’ve got your back. 🔥 Our team injects fresh perspectives, focusing on innovation and forward-thinking strategies that drive impactful results. Your goals? They’re our goals, and we’re committed to helping you achieve them on every step of your business journey. Let’s thrive together! https://hubs.la/Q02Tml8n0 #BusinessSuccess #AccountantsYouCanTrust #TrekkAdvisory #StrategicPlanning #BusinessGrowth

Boost Your Super with Downsizer Contributions! 💰 Are you 55 or older and keen to supercharge your superannuation? The downsizer contribution rules could be your golden ticket! Imagine funnelling up to $300,000 from your home sale directly into your super fund, all while meeting the eligibility criteria. In 2023-24, savvy women made up over 57% of participants, with an impressive average contribution of $262,000, slightly edging out the $259,000 from men. Most people make their downsizer contributions between ages 65 and 69. Once you hit 65, you can access these funds if your circumstances change, even if you’re still working. For those aged 55 to 64, your funds generally become accessible at age 60 upon retirement. Good news! Downsizer contributions bypass the upper age test, work test, and total super balance rules, though keep in mind the transfer balance cap applies to retirement pensions. And here’s a bonus for couples: each of you can contribute up to $300,000, meaning a whopping $600,000 per couple, even if one partner didn’t own the property you sold (as long as other criteria are met). No need to downsize your living space—buy any home size with other funds and still make that downsizer contribution. Want more info? Contact us or chat with your financial adviser for tailored advice. 📞 https://hubs.la/Q02TmkKj0 #Superannuation #RetirementPlanning #DownsizerContributions