April begun with a welcome Easter break. As the vaccine roll-out continues, restrictions ease, and life is a little closer to normal despite occasional setbacks. It’s not often that boring bonds make headlines, but they have lately due to a sharp rise in interest rates. In this snapshot, we discuss what rising bond rates tell us about market expectations around economic growth and inflation. We also look at the possible… Read more
The new edition of Super Matters is now available. Topics include the following: Changes to contribution and pension caps; The work test; What is “Retirement”; Super versus Home Loan You will find all of the information in this link Super Matters Autumn 2021 Read more
It’s February, the kids are back at school and the nation is getting back to business. It’s still not business as usual, but with the vaccine rollout about to begin there is a growing sense of optimism. There has been a lot of debate in recent years about self-managed super funds (SMSFs) and how much you need to have in them to make them cost-effective. So in this month’s snapshot,… Read more
What the “full expensing” write off deduction means for business The Federal Budget measure of allowing businesses to fully write-off eligible assets is a boon to Australian businesses, even though the measure is temporary. Click here to read the newsletter Read more
Not-For-Profit Newsletters: Issue 24 – Jul2020 Issue 25 – Sep2020 Issue 26 – Nov 2020 Issue 27 – April 2021 Read more
As the impact of the Coronavirus on our daily lives and livelihoods rapidly evolves, below are the latest measures released by the Government to reduce both the impact to the nations health, economy, household and business finances. More businesses and not-for-profits will be eligible for JobKeeper payment extension under a $15.6 billion change to the scheme announced on August 7. The Government initially outlined the JobKeeper extension guidelines on July… Read more
Winter 2020 Winter is here and we are almost at the end of another financial year. And what a year it’s been! With so many Australians impacted by fires, floods, drought and now COVID-19, let’s hope the new financial year sees a return to something like normality. As Australians head back to work and school thoughts are turning to rebooting the economy, so we survey the road to recovery as the first article in our Winter newsletter.… Read more
Last-minute tax planning tactics This financial year is almost over, but there are still effective strategies you may be able to employ to make sure you pay the right amount of tax for the 2019-20 year and maximise any refund entitlement. This is still, if not more so, the case in the current COVID-19 environment. Click here to read the newsletter Read more
Answers to COVID-19 work-from home expense questions and CGT concerns There are many questions being asked lately about claiming expenses when forced to work from home over the COVID-19 period, plus a lot of concern about any consequent capital gains issues when later selling a property from which people have been coerced to work from during this time. What we cover in this issue: Work-from Home Expense and CGT Concerns… Read more
Welcome to our May publication. After an extraordinary month of social and economic hibernation, there are positive signs that some of the restrictions on our everyday lives will soon be loosened somewhat. This is welcome news for households, businesses and our economy. Within a matter of months Australia has gone from having an essentially healthy economy to one in need of resuscitation. The Morrison Government has stepped in with unprecedented… Read more
Maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; if reliable clients also fall behind one month, the result can be devastating. These tips will… Read more
Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate, and can easily lose track of an approaching tax deadline or financial data needed to submit their return. Organization is key when preparing for tax time. As is taking advantage of the many tools and resources out there to support… Read more
According to recent research, a staggering two thirds of US millionaire-owned businesses are operating without a succession plan—and even fewer small business owners around the globe are prepared for their CEO’s eventual exit. Recent stats from PWC Global show that family owned businesses are no more prepared: 43% don’t have a succession plan in place, and only 12% survive to the third generation. No matter whether your company has one… Read more