Managing the Debt Drain – the critical issues for small business February and March are traditionally the worst cashflow months for small business – the Christmas rush is over, the Business Activity Statement is due, and payments slow down with a dip in consumer spending. You...
Macquarie Partners Central Coast 2016 Federal Budget Update INTRODUCTION On the 3rd May 2016 the Federal Government handed down the Budget for the 2016 year that includes some of the biggest changes to superannuation since 2007. Some of the major changes include: Changes to contribution caps including...
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We welcome Iva to our practice! Iva joined Macquarie Partners in May 2015. She started working as a trainee accountant with another central coast firm in 2003 and graduated from the University of Newcastle in Bachelor of Management in 2007. Iva then commenced further study in the...
Small business From 2015/2016 income year The Government has announced tax reductions for small businesses with an aggregated annual turnover below $2m regardless of entity type. For companies, the company tax rate will be reduced by 1.5% to 28.5%. Maximum franking credit rates for a distribution will remain...
Budget 2015: who is in the firing line? If you are a high income earner, earn income from overseas, or have a large asset base, then, if the rumours have any truth to them, you’re in the firing line in the 2015/2016 Federal Budget. The Australian economy...
We are pleased to announce our 2nd XERO Seminar. If you are thinking of switching of XERO or have not heard of it yet, this will be a great informative night for you. Tuesday, 12 May 2015 from 5:45 PM to 7:00 PM Light refreshments from 5.45pm...
Lots of businesses have been holding out inventory in XERO, its now here! If you have a business that sells finished products, you can now use Xero to easily keep track of the items you have on hand while ensuring your accounting records are always up...
The new FBT year starts on 1 April 2015. Here’s what you need to know. Keeping on top of your Fringe Benefits Tax (FBT) obligations this year will be a little more onerous with a temporary increase in the FBT rate from 47% to 49% on...
This post was featured on the xero blog, we thought we might shares it, great tips! 1. Ensure your sales quotes are properly constructed A sales quote is often the first impression of your business that you give to prospective clients. Every quote that you send out should...