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Tax – What the 2019 Federal Election means for You!

There is only a short time before the Federal Election on 18 May 2019, and there’s a lot of wild speculation and “fake news” in the media. We’re not trying to recommend who you should vote for, but instead we believe that it is vital that our clients understand how they will be affected by the result of the Election. …

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Key Budget Highlights

On Tuesday, 2 April 2019, Treasurer Josh Frydenberg handed down the 2019-20 Federal Budget. In an election Budget, the Treasurer announced the first Budget surplus in more than a decade at $7.1 billion for 2019-20 Economic Outlook Frydenberg maintained a relatively optimistic outlook for the economy, though he conceded there were risks including from falling house prices and global risks …

2019

Thoughts for the year ahead – Tax in 2019

There are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election. Individuals could be affected by: Losing franking credit refunds More Capital Gains Tax Losing tax benefits from negatively gearing Investment Properties Businesses could be affected by: Changes to the laws for loans from Companies (known as “Div 7A”) …

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Are you being Data Smart with your Smart Phone ?

Sure you have a cool phone……. but have you considered the security aspects? “It’s an unfortunate fact that the impact of cybercrime is a reality for all businesses. The scary reality is that 978 million people in 20 countries were affected by cybercrime in 2017. In New Zealand and Australia, one in four small businesses experienced a cyber-attack or hacking …

Xero and oranges

The Invoicing Survival Guide

Getting paid quickly should be easy – but the invoicing process can often take more time than the work itself. Xero have researched the best in the business to simplify invoicing for you. So whether you’re just starting out, or want to improve on what you’re doing – our tips and tricks will help you navigate the world of invoices. …

Christmas Decorations

Managing your business cash flow over the holiday period

December is usually the busiest time of the year for retail and hospitality businesses. But businesses in other sectors often find that their sales slow down and their customers stop paying them for a few months. So cash flow dries up. Whether your business is large or small, well-established or in start-up mode, you need to take a planned approach …

Starting a business

Starting a Business : The Ultimate Guide

So you want to know how to start a business? That’s awesome! There’s a lot to learn, but there’s plenty of information around to help. This guide from Xero is a great place to start. Starting your own business is a process, not an event People talk about ‘taking the plunge’ into small business like it’s an adrenaline sport. And there …

small business

Small Business Benchmarks

Small business owners can benefit by using the Tax Office’s small business benchmarks to compare their business performance with industry averages. What are Small Business Benchmarks? The small business benchmarks are financial ratios that have been extracted from more than a million lodged income tax and BAS returns. What are Small Business Benchmarks used for? The benchmark data is used …

Protect Assets & Minimise Tax

“Trusts” Explained Simply

A simple definition of a trust is: “A relationship in which one person (the trustee) holds assets (money, property, a business) for the benefit of another (the beneficiary).” Other parties in a trust structure include a “settlor” who contributes the initial trust asset (which may be anything, including a nominal $10 cash or even a house) to bring the trust …