Federal Election 2025: Implications for Business Owners and the Advisory Landscape
The 2025 Australian federal election has ushered in a fresh wave of policy directions that business owners, high-net-worth families, and their advisers need to understand. While the election did not deliver sweeping tax overhauls, it confirmed a range of targeted measures likely to impact corporate strategies, personal wealth management, and the broader advisory landscape. In […]
Fringe Benefits Tax (FBT) Tips for 2024–25: What Australian Businesses Need to Know
As the Fringe Benefits Tax (FBT) year for 2024–25 comes to a close on 31 March, many Australian businesses are reviewing their obligations. Understanding your FBT responsibilities not only helps with compliance but can also improve your cash flow and employee engagement strategies. This guide covers what counts as a fringe benefit, car-related FBT rules, […]
Understanding the Rise in Business Insolvencies in Australia: Key Insights for Business Owners
The Australian business landscape is experiencing a significant shift, with insolvency rates rising across the country. According to recent data from the Australian Securities and Investments Commission (ASIC), there has been a notable increase in companies facing financial distress. This trend underscores the importance of robust financial planning and proactive management for small-to-medium enterprises (SMEs) […]
Managing Business Debt: Strategies for Healthy Financial Management: How to handle and reduce business debt
Introduction For businesses, debt can either fuel growth or become a crippling challenge. With tailored strategies, local resources, and the right financial partners, you can manage debt effectively and ensure a sustainable future for your business. This guide explores actionable strategies for handling debt, highlighting tools and resources available to Australian businesses, including those from […]
Effective Bookkeeping: The Foundation of Financial Health for Small Businesses
Introduction In the world of small business, bookkeeping is more than a chore—it’s the bedrock of financial health. For Australian businesses, maintaining accurate and organised financial records is key to not only understanding cash flow but also meeting tax compliance standards and supporting long-term growth. Xcel Advisory provides tailored bookkeeping services to empower small businesses […]
Remuneration Strategies for Directors and Shareholders
In today’s competitive business landscape, effective remuneration strategies for directors and shareholders are essential for a company’s success. By developing a well-crafted remuneration package, businesses can incentivise performance, align interests, and ensure long-term growth. This article explores various remuneration strategies, their advantages and disadvantages, and the best timing for selecting the appropriate package. Types of […]
Mastering Tax Planning: Your Guide with Xcel Advisory
Tax planning is a crucial aspect of running a successful business. It’s not just about minimising your tax liability at the end of the year; it’s about proactively managing your taxes throughout the year to make better strategic decisions for your business. In this blog post, we’ll discuss the importance of tax planning for businesses […]
Choosing the right business structure in Australia: Weighing the pros and cons
In navigating the diverse landscape of Australian business structures, making the right choice requires careful consideration of the pros and cons associated with each option. Let’s delve into the various business structures available in Australia, weighing the advantages and disadvantages to help you make an informed decision that aligns with your entrepreneurial goals and aspirations. […]
Welcome to Xcel Advisory
Welcome to Xcel Advisory – It’s with immense gratitude and excitement that we finally unveil our new brand. From the depths of bookkeeping intricacies to the heights of strategic business risk management, our team has meticulously honed our skills to serve your business better. So, with humility and a deep sense of purpose, we extend […]