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The importance of taking a break

As the 2018 calendar year draws close to its end, it reminded me that Johnsons MME is also approaching our firm's annual 2-week office closure for the Christmas period and our view of the importance of taking a break. 

We have been closing the office at this time for many years now and the directors and staff look forward to getting away from the daily office routine and the many stresses that are a normal part of the accountancy profession.   Read more…

Hosting an end of year party for your team

Make sure you're not on the ATO's naughty list this Christmas!

End of year parties and staff gifts are a great way to thank staff for all their hard work during the year and to celebrate the achievements of your team.

However, it is important to be aware of the potential fringe benefits tax (FBT) implications to ensure you don't get a nasty FBT Christmas present from the ATO.

Here are our top tips to consider to help keep you off the ATO's naughty list this Christmas. Please note these rules may differ slightly for tax-exempt entities.   Read more…

Managing your cashflow

For your business to be successful in the long term, it needs to be profitable.

For your business to survive, it needs to generate a positive cashflow.

Positive cashflow means that money coming into your bank account needs to be more than money going out. Read more…

Taking control of your business

You may have started your business to be your own boss, to be in control of your future and build a better life for your family. These are great goals to have.

However,  running your own business can sometimes turn out to be a beast of burden.  Read more…

Drought Assistance

We are all aware that NSW is currently in drought and it is a very challenging time for our farmers and their communities.

While there are regular announcements of drought support, including funding, grants and subsidies, being released, sometimes it can be difficult to know where to seek the information.

Below is a list of funding, grants and subsidies that are currently available for NSW farmers affected by the drought. Read more…

Superannuation Changes from 1 July 2018

1 July for many individuals is a significant date. The financial slate is wiped clean, the numbers reset, the forecasting or budgeting done, here we go again.

1 July is also generally the date that the rules change.

The Federal Government's 2017 and 2018 budgets had many changes that impacted superannuation and superannuation strategy.

Here are two that commence from 1 July 2018.    Read more…

New Directors appointed

We are very proud to welcome two new Directors to Johnsons MME as of 1 July 2018.

Dale Goonan, 33 and Stephen Hogan, 38 are not new faces to Johnsons MME. Both have been with the organisation for 15 and 16 years respectively. Read more…

Do you need a binding death nomination?

Did you know that your superannuation benefits do not automatically form part of your estate and so cannot automatically be dealt with under your will?

Under superannuation laws, if you should die and you do not leave a valid binding death benefit nomination (BDBN), the trustee of your super fund decides which of your dependents will receive your super. The only way to ensure that your superannuation benefits pass to those you wish to benefit is to leave a BDBN, which instructs the trustee how to pay your death benefit. As long as the BDBN is valid, it is legally binding and the trustee must follow it. Wills or non-binding nominations are not legally binding on the Trustee. Read more…

Setting the ground rules

When two or more people go into business together they are acknowledging that together they can achieve more than what they could have if they went into business on their own.  There is no doubt then when people first think of going into business together, there is usually lots of optimism and positive energy.  What people rarely think about at this time is what happens when it ends? Read more…

Proposed Changes to Super Outlined

Superannuation was a key focus in the 2016/17 Federal Budget and a number of changes were put forward. While the nation waits to see what will actually get through parliament, we outline what the proposed changes were below, in case you may have missed them. Read more…