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Making your JobKeeper Payments Through Xero Payroll
With the JobKeeper Payment being approved by Parliament last Thursday and the first fortnightly pay period already finished as of the 12 April, if you are an employer you do need to be getting organised. Please see our recent communication regarding how to register...
Providing Support For Retirees
We want to make sure you are aware of the changes in the minimum pension rules recently introduced because of COVID19. Providing support for retirees To assist retirees to manage the impact of volatility in financial markets on their retirement savings the Government...
Support For Business – Government Initiatives
The “Backing business investment” initiative From 12 March 2020, businesses purchasing assets costing more than $150,000 before 30 June 2021 will be able to write off 50% in the year of purchase with the balance subject to normal rules. Those businesses using the...
Boosting Cash Flow for Employers
Provides up to $100,000 back to small and medium-sized businesses, with a minimum payment of $20,000 for eligible businesses. The payments will provide cash flow support to businesses with a turnover of less than $50 million and not-for-profit entities that employ...
Cash Flow Assistance For Businesses
We have been receiving a lot of enquiries from clients about the Government assistance being offered to small business and how these can be accessed. While the details will be finalised by Parliament in the coming week we have included below a summary of those areas...
Government Announces Increased Tax Benefits in Response to the Coronavirus
The Government has announced its economic response to the Coronavirus in the form of a $17.6 billion economic stimulus package. The package has been marketed as a measure to protect the economy by maintaining confidence, supporting investment and keeping people in...
Individual Health Has a Place in Your Estate Planning
When estate planning, most people focus what will happen to family and assets after they pass, often neglecting to consider what would happen if they were to become ill or incapacitated. Falling ill can be a very stressful and traumatic time for you and your family,...
Independent Associate, Contractor or Employee? – How To Engage Doctors and Health Professionals.
Background – what’s the issue? Engaging employees can be frustrating for all types of businesses and industries. To engage an employee, it often involves most of the following steps (amongst others): interpreting employment awards and government legislation; tracking...
Christmas – Writing Off Employee Gifts and Parties
As the silly season is upon us once again it is probably appropriate to provide some reminders as to the tax consequences of making gifts to and holding Christmas parties for your employees. On Premise Parties If the party is held on business premises, on a normal...
Managing Work Based Anxiety
While anxiety and stress are quite often inevitable, it can take a severe toll on the state of your mental health and quality of life if not handled properly. In Australia, 1 in 4 people are affected by anxiety, making it more common than some may think. You are not...
Managing Work Based Anxiety
While anxiety and stress are quite often inevitable, it can take a severe toll on the state of your mental health and quality of life if not handled properly. In Australia, 1 in 4 people are affected by anxiety, making it more common than some may think. You are not...
Falling Interest Rates and Your Investments
The Reserve Bank of Australia (RBA) reduced the official cash rate by 0.25% last month, with the intent of jumpstarting Australia’s economy. With the official cash rate now at a record low of just 1%, it’s important to consider the implications for investors.
Why Your Business is Your Most Important Asset
If you own a business, then it should…
Negative Gearing and Shares
A common misconception with negative gearing is that it can only be used for property. False. Negative gearing can be used for any asset where some or all the purchase price is borrowed.
Top 8 Insights From The 2019 SMSF Benchmark Report
Self-managed super funds often come into consideration during financial planning, particularly for high-income earners. Here’s a quick run down of the top 8 insights from the 2019 SMSF Benchmark Report released by Class in March this year.
Positive Gearing into Property
Positive gearing lets you make a profit on your investment from day one. Provided there is no capital loss, this can be a great way to make money. Problem is: everyone else has thought of that, too. Positive gearing a decent property investment is hard.
Opportunity Cost
There are two ways to think about the price of anything. The first is the number of dollars it would cost to purchase that thing. The second is to think about what else we could spend our money on. This is called ‘opportunity cost’ and it is always worth remembering when you make a purchase.
What is a SMSF?
Superannuation, or ‘super’ as it is more often known, is a cornerstone of most people’s personal financial management. Learn more about self managed super funds within this comprehensive article.
Independent Financial Advisers in Australia – Canstar
Canstar claims to be Australia’s biggest financial comparison site, with extensive information related to banking, insurance, investments and superannuation, business products and more. So it goes without saying that when a list of trusted Independent Financial Advisers in Australia is released by Canstar, we would hope to be included.
5 Considerations Before Investing in an Index Fund
Index funds are a form of managed fund, but they are very different from the others. For reasons discussed within this article, the name ‘managed’ fund might be a misnomer.
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