Superannuation – Changes

Superannuation seems to be constantly changing so an update is always valuable and getting Super contributions wrong can be very costly in penalties, fines and time. The key contribution thresholds and tax rates are as follows: Item Rate/Threshold Concessional...

Do you know your businesses health?

How healthy is your business? No matter what market you are in, if you don’t know the health of your business, you are setting yourself up for failure. Business owners who are aware of their business performance metrics and have clear visibility of potential...
Will We Get a Visit from Santa Claus Morrison?

Will We Get a Visit from Santa Claus Morrison?

Over the last few weeks, various media outlets have been predicting that the upcoming Federal Budget will see Treasurer Scott Morrison playing Santa Claus and handing out tax cuts and generous infrastructure project expenditure to keep businesses and individuals...

Tax Deadlines

Tax Deadlines and Penalties – 2016 Return Lodgement We have been busy, like most accountants this time of year. It is May 2017 and many businesses, trusts and individuals have not or only just lodged their tax returns for the year ended 30 June 2016, via a tax...

One off opportunity for high income earners

The 2% ‘debt tax’ is ending on 30 June 2017! Basically you are better off earning more taxable income over the $180,000 level next year. All things equal: Tax on $350,000 of taxable income for the year ending 30 June 2017 is $3,400 more than 30 June 2018;...

Small Business Asset Write Off

Is this your last chance to take advantage of the $20,000 Small Business Asset Write Off? A couple of years ago the Government introduced this incentive to encourage small business to invest in assets and stimulate the economy; this tax break was finishing 30 June...

Are you getting the right advice?

Running a business is much easier when you have good relationships with staff, customers and suppliers.  In fact many would say business success is about the trust and level of service that comes with great relationships.     Relationships with external...

Is it easy to run a charity?

On the 1st of April I raced in and was the race director for the 2017 Tingira Cup a paddling event managed by Shark Island Paddlers. Paddling craft includes surf skis, ocean skis, outriggers and SUP; this year the long course was 18km, shorter course was 10km and the...

Are You Positive About Cash Flow?

No doubt you have heard the statistics about the risk of starting a business and how many end up in tears. Yes, that’s right. 60% of businesses fail within three years of opening the doors. Most do not even know they are failing as they fail to look at the...

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