Understanding Australia’s Director Identification Number

In the 2020 Budget Digital Business Plan, the Australian government announced the full implementation of the Modernising Business Registers (MBR) program. The program is designed to both establish the new Australian Business Registry Services (ABRS), and enhance how businesses register and manage their information with the government. Although the ABRS rolls out progressively between 2021 and 2024, one of the immediate changes is that business directors must obtain a director…  Read more

Market Wrap Special Budget Edition

On Tuesday 29th March 2022, Treasurer Josh Frydenberg delivered the 2022-23 Federal Budget, which was eagerly awaited given the impact it could have on the forthcoming election outcome. In the lead up to Budget night, the Treasurer flagged that this Budget would ease cost of living pressures, lower certain taxes and focus on large-scale infrastructure projects. Some of the key announcements made include: A one-off $420 cost of living tax…  Read more

Federal Budget 2022-23

On Tuesday 29 March 2022, Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget. In an election year, the Budget is a people pleaser with a focus on cost of living, jobs, home ownership and health. Key initiatives A six month, 50% reduction in fuel excise with effect from midnight Budget night A $420 cost of living tax offset for low and middle income earners from 1 July 2022 A…  Read more

Differences Between an Accountant and a Financial Planner

When it comes to managing your finances, there are two professions that can help you understand your numbers, and ensure you have a plan to get to where you want to be. Accountants and Financial Planners can both play an important role in your financial success, but there are some important differences between the two. For any successful business, it is advisable to have both an accountant and a financial…  Read more

Financial Planning to Ensure Financial Independence for Women

Financial independence is an important goal for many people. It means you have the ability to support yourself financially, without relying on others for assistance. It also means you control your finances because you make your own financial decisions, rather than someone else making them for you. Regardless of who you are, financial independence makes it easier for you to achieve your dreams. It also gives you the peace of…  Read more

Why You Need a Family Advisor

Acquiring and growing wealth takes a lot of determination, skill, and ambition. In order to maintain your family’s wealth and preserve your legacy for multiple generations, you need a professional family advisor with a holistic, multi-disciplinary approach to wealth management such as O’Brien Accountants and Advisors. In this article, we will discuss what a family advisor is and how family advisory services can help you.   What is a Family…  Read more

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