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2020 Budget Update

The Treasurer Josh Frydenberg handed down his 2021 Budget with a forecast cash deficit of $214 billion with Net Debt forecast to peak at $900 billion in June 2024. 

Significant numbers indeed.

However, we wanted to focus on some of the significant business taxation announcements made in the budget that would likely affect our business clients. Read more…

Superannuation Guarantee Amnesty

On 6 March 2020 the Australian Government introduced a superannuation guarantee (SG) amnesty that enables employers to disclose and pay any previously unpaid superannuation guarantee charge (SGC), including nominal interest, that they owe their employees from the quarters starting 1 July 1992 to 31 March 2018. Read more…

It's Tax Time - What to consider this year

It's that time of year again - tax time. Here are a few key issues to consider this year.

Read more…

Key Tax Planning Measures

Before 30 June 2020 there are a number of measures currently available to help businesses manage their income tax obligations for the 2020 financial year. 

Some of the key measures are: Read more…

Audit Insurance

The Australian Tax Office and other Government departments regularly conduct audits of taxpayers to make sure they are complying with their tax and compliance obligations.   Read more…

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. 

Planning your staff Christmas party

'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…

When do you need a business valuation?

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

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…

Building your business budget for 2019/20

A new financial year brings with it opportunities. 

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…