Fringe Benefits Tax (FBT) was part of a tax reform package introduced by the Hawke Government in 1986. During the 1970’s and 80’s salary packages commonly included a range of tax-free benefits including, company cars, travel, restaurant meals...
Read moreBudget 2021
Well if theatrics is what Australia needs, we received that last night when Josh Frydenberg delivered his budget speech. Some may interpret this as an election winning speech. We would have to agree with Jennifer Hewett’s (AFR) summation that...
Read moreManaging your team
Most of us are currently thinking about closing out the year and looking forward to 2021. As business owners, the Christmas period is often our only time when we can stop and really get some down time. Given our customers are doing the same, the...
Read moreBoosting your super
Superannuation remains one of, if not the most, tax effective structures to build wealth in for retirement. With earnings being taxed at a maximum of 15% (or 10% on discounted capital gains) it is a very attractive option. In addition to this...
Read moreBudget 2020: Road to Recovery
The 2020-21 Federal Budget has been positioned as a road to recovery paved with cash, and for the Morrison Government it is one they are hoping goes to plan. As has already been suggested by the Government, this budget was going to be like no...
Read moreJobKeeper 2.0 Update
JobKeeper 2.0 The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees. Eligibility To continue receiving JobKeeper payments, employers will need to reassess their...
Read moreCreating freedom with financial literacy
Beyond the basic notions of talking, listening, reading and writing, literacy extends into the capability to understand, participate in and subsequently make important decisions that affect everyday life. This is even more significant when it...
Read morePersonal Income Tax Update
Preparing your tax return: July 2020 For many the start of a new financial year, marks the commencement of gathering various receipts and files from the last 12 months to prepare for lodging a tax return. While it can be an arduous task at times...
Read moreFirsttech – 2019 Fed Election – Key Labor Policies
Firsttech – 2019 Fed Election – Key Labor Policies q4financialA CPA and Director of q4 financial, Grant Titman brings leadership and the disciplined energy of an endurance runner to deliver ‘big picture’ outcomes for his firm and his...
Read moreWelcome to our 2019-20 Budget Summary
This is a Budget not only designed to showcase the return to surplus (and by default the Government’s economic credentials) but engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure spend adds to...
Read moreBusiness Profitability Forecasting – What is it & how do you get it right?
It’s obvious that profitability is key to the success of your business. Less obvious, perhaps, is the importance of understanding the key drivers that determine business profitability. Without understanding these, profitability forecasting...
Read more#4: TRANSITIONING from Personal Delivery Service to a Practice Delivery Model
How to Build a GREAT Allied Health Practice #4: TRANSITIONING from Personal Delivery Service to a Practice Delivery Model The key to success for self-employed allied health professionals is transitioning from ‘personal’ service delivery to a...
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