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Have you considered setting up a SMSF?
Reasons for setting up an SMSF Most people invest their Superannuation in Retail or Industry Superfunds with their employers making contributions of Super guarantee contributions and sometimes salary sacrifice. Fund managers then make investment selection on behalf of...
Have you considered setting up a SMSF?
Reasons for setting up an SMSF Most people invest their Superannuation in Retail or Industry Superfunds with their employers making contributions of Super guarantee contributions and sometimes salary sacrifice. Fund managers then make investment selection on behalf of...
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Now Is The Right Time To Invest In Property
Should you invest in property this 2020 while there is a pandemic? As people the world over panic and the economy grinds to a terrible halt with Australian property experts painting a grim future for the property market, you most probably have set aside your plans to...
Have you received a government payment or grant?
If your business has received a grant or payment from the Australian Government or a State or Territory Government, you may need to include it in your tax return. Some grants and payments are assessable income and so need to be included in your tax return. Grants and...
Has your business made a tax loss this year?
An understatement is that this has certainly been a difficult year, and we are certainly seeing that many businesses have made a tax loss. A tax loss is when the total deductions you can claim, excluding gifts and donations, are greater than your total income for any...
Small Business Loan Guarantee: Now more than just a cash flow help
If you haven’t heard yet, changes in the small business loan guarantee by the government now allow small businesses to not just survive through the COVID-19 pandemic but to also grow the business. The $40bn small business loan guarantee, which forms part of the...
How Comprehensive Credit Reporting Will Boost Your Credit Score
The Comprehensive Credit Reporting has improved credit scores of many Australians since 1 July 2018. In fact, recent data show that almost half of Australians have improved their credit scores with the new reporting scheme. But what is Comprehensive Credit Reporting...
Can You Claim Tax Deductions for Wage and Salary?
Can you claim tax deductions for wage and salary you pay your employees? This is a common question that businesses, particularly those who are new, ask at the end of the Financial Year. As the Financial Year ends and you prepare for the lodgement of your tax returns,...
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Marketing vs Selling – What is the Difference?
During these unprecedented times, I have had many questions from small business owners around what they can or should be doing? My answer to that is to do marketing, and then do more marketing. It will pay massive dividends down the track. It’s a bit like planting...
JobKeeper Extension: What this means to business and employees
JobKeeper extension has been announced by the government. Payment for JobKeeper is now extended until 28 March 2021 for businesses and not-for-profit organisations severely affected by the COVID-19 pandemic. The payment extension, however, will be reduced and paid at...
New Property Investment Benefits
The BMT Tax Depreciation 2019 investor survey revealed that 63 per cent of investors prefer to invest in second-hand property. While second-hand properties are a valuable and more affordable investment, it’s important to consider the additional benefits of buying...
Appreciate the Benefits of Claiming Property Depreciation
Did you know that property depreciation is the second biggest tax deduction for investors, after interest? Despite this fact, 80 per cent of property investors are failing to take advantage of property depreciation and are therefore missing out on thousands of dollars...
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