Blog | Hughes O’Dea Corredig

How to Choose the Right Business Advisor in Melbourne (From Scratch to Success)

The wrong business advisor can sink your business—but the right one can help it thrive. Yes, read that again! So, you can well imagine that having no advisor is better than the wrong advisor and having the right business advisor is the best choice you can ever make when it comes to your brainchild. An...

How to Pick the Right Financial Planner in Melbourne

FP – Is it a Financial “P” lanner or “P”artner? Which would be the best one for you? Tbh, it’s the best financial planning partner that you need! Believe it or not, financial planning goes through different evolutions and a financial planner can make you or break you. With so many financial planners available all...

Where does all my money go? Save money on your three biggest expenses

The three biggest drains on our money are paying for housing, food and transport; and there’s no getting away from the fact that it is unlikely we can live without any of the ‘big three’. Here we look at some ways of how to save on these items. Saving on rent in the Big Smoke...

Avoid the Superannuation Death Tax

Avoid the superannuation death tax While there has not officially been any death duties in Australia for decades, they definitely still exist, albeit under another name – superannuation death benefit taxes. As superannuation assets and individual balances continue to grow, more and more Australian families will receive a rude shock after the death of a...

Getting Smart about Savings

Saving money doesn’t come naturally to everyone. Some people are wired to save – for others it takes a bit more discipline; but developing good savings habits can do so much for both your financial wellbeing and your future security. Just like money compounds over time, so do our habits. The more we see progress,...

Investing Strategies for Financial Freedom: Leveraging Melbourne’s Elite Financial Planning Services

Overview In this article we give a big-picture overview of financial planning services and how to use them in Australian financial markets.as well as assist readers in We aim to help readers understand the challenges associated with investing, selecting the most appropriate options, and maximizing returns. We also discuss various benefits of investing strategies, with...

How accounting firms help E-Commerce businesses in competitive markets like Melbourne or elsewhere?

Introduction to E-Commerce Operations E-Commerce companies face a variety of challenges such as tracking inventory and sales across different platforms, detecting and preventing fraud, accounting for digital goods in a unique way, managing returns, establishing payment gateways, optimizing shipping costs, meeting tax requirements, enhancing user experience, integrating with ERP and CRM systems, supporting multiple languages,...

[SMSF Assets series] ATO recommends licensed financial advisory to SMSF trustees investing in Crypto Assets

Our recently published Nov 3rd Practice Update contains a recommendation from the ATO for trustees of SMSFs to seek professional advice from a licensed financial adviser before investing in crypto assets. It also contains a warning that some organisations offering to help set up such an investment are not licensed to provide financial advice, and...

[Small Business Series] How Accounting Firms like HOC benefit Small Business clients in Melbourne by Delivering Business Advisory Services?

Accounting firms help business clients by providing business advisory services. By understanding their client’s business, an accountant can provide insights and recommendations on how to improve various aspects of the business. This can help businesses to be more efficient and effective, and ultimately, more profitable. This can include providing advice on financial planning, tax minimisation...

What types of services do accounting firms offer?

Accounting is essential to running a business. It provides information that businesses need to make informed decisions about where to allocate their resources. Accounting firms can offer a wide range of accounting, business information and advisory services. These services are used by many types of companies, but the largest group of clients in any geography...

[Small Business Series] What types of Accounting Services Do You Need to Achieve Growth for Your Small Business?

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. Business growth requires making decisions about how to allocate resources to achieve desired objectives. Accounting information is essential for making sound decisions about where to allocate resources to achieve growth objectives. Broadly speaking, there...

Why it is smart to hire Tax Accountants who have a background in Financial Advisory Services for Small Businesses?

In this article we cover practical reasons to work with a tax accountant who has a background in financial advisory for small businesses. Simply Put, Tax Accountants who have a background in Financial Advisory Services Can Help You Save Money While You Grow Your Business Introduction A tax accountant who has a background in financial...