We’ve enjoyed working with you throughout 2014 and look forward to helping you achieve your personal and business goals in the New Year. Our office will be closing at 5pm on Thursday the 18th of December and will remain closed until we re-open on Monday the...
The risky business of dying Why the death of your business partners can have dire consequences Imagine this scenario…. Michael, James, and Nadine are shareholders in a successful business, MJN Solutions. The shares in the company are fairly evenly split reflecting the contribution that each has made...
1 July – what now? The 2% debt tax is in and the carbon tax is out. We look at some of the highlights for the new financial year. The push for change The Senate composition changed on 1 July and with it, the Government's opportunity to push...
Can you plan around the 2% debt tax? The introduction of the debt tax, or the Temporary Budget Repair Levy as it is formally known, may be the only certainty in the Government’s first Federal Budget delivered on 13 May. The rest – co-payments for doctors visits,...
Crystal ball gazing - what 2014 will mean to you What a strange few years we’ve had. A two-speed economy meant that the day-to-day experiences of many people were not matched by Australia’s outstanding headlines. But right now, consumer sentiment appears to have picked up with...
Top Tips for businesses at Christmas Boom time or down time, every business needs to manage the Christmas period. Managing the holiday season well can make a big difference to how your business is positioned in the New Year. Here are our top tips: The scrooge approach to outstanding...
Review Your Salary Sacrifice If you haven’t reviewed your salary sacrifice arrangement for a while then two recent changes should have spurred you into action. The first is the increase to the super guarantee (SG) rate from 1 July 2013. While the increase from 9% to 9.25%...
Never ending story – more tax change from 1 January Normally we wouldn’t advise you of potential tax changes until we were absolutely certain that they were going to happen. But this potential tax change is a bit different because if the change goes ahead, your...
Get your health & hygiene tax list together There are lots of little things that need to be attended to that can add up to tens of thousands of dollars in tax savings. Writing off bad debts, maximising stock valuation outcomes, declaration of bonuses and director...
1. Deductibility of superannuation contributions To claim a tax deduction for super contributions as an employer or as an individual, the payment needs to be received by the fund before 30 June. Merely incurring a liability will not work. 2. Have you paid your minimum pension balance...