Why do you own a business? It’s interesting to consider this because we are shocked at how many business owners haven’t taken the time to consider this fundamental question. From a big picture perspective, having a business provides you with a lifestyle. That’s it! It gives you cash now...
An extract from an article by Dr Shane Oliver - Head of Investment Strategy and Economics and Chief Economist, AMP Capital. One dollar invested in Australian cash in 1900 would today be worth $240 and if it had been invested in bonds it would be worth...
Did you know the Government recently introduced reforms to protect your superannuation savings from undue fees and premiums? What are the changes? - Superannuation funds with a balance of under $6,000 that are inactive for a period of six (6) months will be automatically consolidated; - Fees will be capped to 3%...
30 June will be here before we know it. Let us help you get the most out of your hard work by getting some tax strategies in place for you now. If you don't act now there may not be enough time to do anything significant...
Step 1 - we request details of your expected income and business profits for the 2019 tax year (1 July 2018 to 30 June 2019). This includes all: wages / employment income interest, dividends and rental income received business profits / losses; and any capital...
February has seen Australian lawmakers pass legislation that requires even the smallest of employers to electronically file each pay run with the tax office using Single Touch Payroll, starting July 1. There’ll be no more paper forms for reporting your payroll activity to the ATO. You’ll need to submit the...
It’s a strange name but franking credits are big business. First introduced by the Hawke/Keating government in 1987, the concept of franked dividends has become a vital component of share investing. Prior to the advent of franking credits, a company would pay tax on its profit and then distribute...
Budget 2019 - What's in it for me? The Budget has come down and contains a number of features that should interest both individual and business taxpayers. Why? Tax cuts! The biggest cuts will affect the 4.5 million taxpayers earning between $48,000 and $90,000 a year. Those taxpayers may...
Its' shaping up to be a very interesting year! Our thoughts for the year ahead – Tax + Wealth 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...
For many the New Year represents a desire to make change and improvement. However to ensure that good intentions lead to lasting change we need to put strategies in place to ensure that good intentions become good habits. Your personal financial habits needs to be part of...
