Recent changes to the Super Guarantee Contributions came into effect this year and, as an employer, you may be impacted.
The ATO has announced that, as of 1 January 2020, the way that SCG is calculated has changed. Super guarantee is the compulsory amount that an employer must pay into any eligible employee's chosen super fund.
Our clients are often surprised by the range of services we supply at Johnsons MME. In this blog we thought we would list down those services to give you an idea of the breadth of knowledge that exists amongst our people.
So, if you feel you could benefit from a discussion with someone with skills in these areas, please don't hesitate to contact your usual Johnsons contact to tee up an initial meeting with someone quite knowledgeable in your area of need.
I thought that I would highlight a few things that have raised interest from our clients over the past year or so. Read more…
'Tis the season, and for many businesses they consider this period an appropriate time to celebrate and thank staff for their contributions over the past year. However, the last thing that they may consider is Fringe Benefits Tax (FBT).
If you are planning on providing Christmas functions or gifts to your staff, it is important that you are aware of the associated FBT implications when it comes to the following: Read more…
Many people think of Accountant's as pretty boring people who live and breathe numbers. However, we think we break that mould here at Johnsons MME. We believe that you can be a great accountant and have many interests outside of numbers.
As an example of that, we recently asked one of our Associates to share an insight into his life. We bring you The Many Faces of Danny Salmon. Read more…
For many small business operators the most valuable asset they may own is their business.
As no two businesses are the same, there is not a simple look up source that a business owner can go to, to provide an answer to the question, what is my business worth? Read more…
Choosing the right business structure can be overwhelming. We've put together some information to help you through the process.
Things that need to be taken into consideration: Read more…
And an important way to make the most of those opportunities is to build your business budget for 2019/20.
Why? Because a well-planned budget will help you identify your profit goals and the revenue you need to achieve that profit. Understanding your budget will link into your strategic planning to ensure you are able to achieve your business goals.
So, how do you build your business budget? Read more…
Preparing for 30 June
June is a busy time of year for everyone as the end of financial year approaches. Here are six things to help you prepare for 30 June and beyond. Read more…
As many of you may be aware, an increase in the instant asset write-off threshold was announced as part of the 2019 Federal Budget. There was also an extension in the period that businesses could access the write-off. On 6 April, the Bill 2019 achieved Royal Assent, which means the legislation was passed by Parliament. Read more…
With only two months to go in the financial year now is the time to start thinking about your tax position for the 2019 financial year.
Why?
Well, most people don't like paying tax and so if you want to reduce your tax liability you need to start looking at ways to do that now. Read more…