It is that time again when we need to begin to ensure we are ready for the end of the financial year. For some this means running financial calculations to find how best to be positioned for year end; for others it means simply ensuring you have...
Read moreUnderstanding Fringe Benefits Tax (FBT)
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 moreWhy you need a Financial Planner even if you have an accountant
You and your business are different entities. It is common for business owners to mix their thinking around personal and business finances. While business finances get a lot of attention both from owners, employees and accountants, the...
Read moreGetting the personal finance basics right for business owners
Owning and running a business can be a very time consuming activity. Staying on top of sales, marketing, administration, human resources and compliance are critical for any business owner, which can often result in important personal finance...
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 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 moreAre you ready for June 30?
Are you ready for June 30? The last few months have seen everyone’s attention focused on their personal and professional wellbeing. It’s certainly been a time like no other for many of us. As we return to a level of normalcy, the usual...
Read morePAYG, JobKeeper, & Tenancy Laws
PAYG, JobKeeper, & Tenancy Laws Last week marked the commencement of a number of the Federal Government’s COVID-19 financial assistance initiatives; providing greater understanding of their aim to ease pressure on businesses and employees.As...
Read moreThe Second Federal Government Stimulus Package
q4 financial | COVID-19 Stimulus Update We know many of you will be studying the events and updates of COVID-19 very closely. All of us remain uncertain about how the coming weeks will unfold and what the exact implications are for each...
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