SMSFs Increase Maximum Number of Allowable Members from 4 to 6

Following the safe passage of the Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020, SMSFs and small APRA funds can have up to six members from 1 July 2021.   Increased member capacity provides greater flexibility for families with more than four members to benefit from the change....

South Australian Financial Support during Lockdown

State Government Cash Grants for July 2021 South Australia Lockdown Earlier today, the state government announced income support in the form of 2 cash grants for eligible South Australian businesses as well as income support for regional workers. One cash grant is a payment of $3,000 available...

Xero subscription cost increase for Hubdoc integration

From Wednesday 18th March 2020, Xero subscriptions will increase by $2 per month and will include access to Hubdoc.   Hubdoc is an OCR software (Optical Character Recognition).  However, Thnk Advisory still recommends using Receipt Bank as best practice. OCR's are becoming as common place as the internet...

2019-20 Federal Budget

Government delivers surplus election friendly 2019-20 Federal Budget – Leaves superannuation largely untouched A surplus election budget is the news coming out of the 2019-20 Federal Budget. With superannuation left largely untouched, the Government focused on further personal income tax cuts. However, three key announcements include providing...

Introducing Thnk Advisory

We're excited to introduce Thnk Advisory (pronounced "Think") Friday the 16th of November 2018 marked an exciting beginning for our Thnk team. Formerly SJN Chartered Accountants, we began to operate as Thnk Advisory. It’s been an interesting journey and we’d like to share the story so...

How to beat the cashflow crunch

How to beat the cashflow crunch

We recently advised a wholesale and retail business that was experiencing large fluctuations in its sales, profits and cash flow. The business supplies goods to energy and rural businesses and is required to carry large stock holdings and significant credit accounts. Heavy rains also caused damage...