Insights - Page 5 of 6

30.07.2022

Insights - Smart Growth: Notes from the book

"The most important step we take is the next one". Whitney Johnsons book explains how the best people and organisations navigate through the S curve of learning to grow yourself, grow your people and grow your company. Read More

07.07.2022

Insights - FAQ's - Do I pay tax when when I sell my home?

Generally speaking, your home or main residence is free from Capital Gains Tax, however, where you change your home from one property to another or it is part income producing you may be entitled to a partial main residence exemption. Evan explains how opting to use the 6 year rule can help to maximise the tax free component on sale of your home. Read More

30.06.2022

Happy New Year - Top Tips for New Financial Year

2022 has come to a close and the new financial year is full of opportunity for your business. So what should you be doing right now to get your business on track for the next 12 months (and beyond)? Murray, Tanya and Donna identified our top 6 to focus on for an amazing 2023. Read More

19.05.2022

Investment Properties - Tips to Maximise Your Investment and Minimise Your Tax

Australians have had a long established love affair with owning and around 20% of us have an investment property as part of our financial assets. There a number of things you should consider to ensure you maximise your investment and minimise your tax. Read More

20.04.2022

Insights - FAQ's - How is my Business Valued? Valuation Methodology of Small - Medium Business.

A question was recently asked - How do you arrive at a value for a business? The answer is there is no one size fits all approach to business valuation. For small to medium business valuations we need to consider what is being valued, the concept of value and determine the best methodology for the valuation that is required. This blog discusses these questions in more detail. Read More

30.03.2022

Insights - The Federal Budget 2022-2023

The 2022- 2023 Federal Budget was announced last night with a focus on cost living measures and cutting red tape. There was also some incentives in relation to employing and training as well as a push to digitization. Read More

23.03.2022

Insights - Dare to Lead: Notes from the book

Brene Brown's book is a fantastic lesson in leadership; from embracing vulnerability and wholeheartedness and tips for rumbling, empathy and our true values. Read More

01.03.2022

Insights - ATO Attacks Trust Distributions to Family Members

The ATO's recent release of draft ruling TR 2022/D1 Section 100A reimbursement arrangement, PCG 2022/D1 and TA 2022/1 is a significant development in the taxation of trusts, being considered by many as an attack against distribution practices that have been commonplace for many years. Read More

26.02.2022

Insights - FAQ's - What structure should I use for my new business?

One of the most common questions we are asked by people starting out in business is “What structure should I use?” The truth is that there is no one size fits all and the best structure for YOUR BUSINESS will depend on YOUR BUSINESS. Your ideal structure might actually be a combination of entities that work together to give you the best outcome. We discuss the combination of factors that must be considered before chosing the optimal business structure. Read More

13.02.2022

Insights - Atomic Habits: Notes from the book

Key takeaways from the book Atomic Habits by James Clear - a collection of research, theories and examples about the science of habit formation, behaviour change and continuous improvement. It includes examples of the small changes made as part of his recovery from significant injury and from sporting teams and businesses that have used these theories in their own success stories. Read More

31.01.2022

Insights - Additional NSW COVID 19 Support for Business

The NSW Government has released some much needed additional support for businesses hit by the Omicron variant and associate public health orders. -Small Business Support Program -Extension of Small Business Fees, Charges and RAT Rebate -Commercial Landlord Hardship Grant Read More

19.01.2022

Insights - Don’t PSI off the ATO! What you need to know about personal services income (PSI) so you don't get caught out by the ATO.

The Personal Services Income (PSI) provision catches out a lot of well-intentioned Aussies trying to reduce their tax payable by splitting their income. Getting PSI wrong can have disastrous financial outcomes so understanding your position is crucial. Read More

22.12.2021

Insights - New Guidance for Profit Allocation in Professional Services Firms

The ATO has released draft guideline PCG 2021/D2 which impacts on the way professional practitioners are able to allocate their profits. This means that accountants, architects, engineers, financial advisors, lawyers and medical professionals may need to adjust their remuneration arrangements to meet the new requirements. Read More

06.12.2021

Insights - STP Phase 2 starting 1 January 2022

STP Phase 2 is due to start from 1 January focusing on streamlining reporting obligations with other government agencies which previously have been reported manually. Check to see you your provider has a deferral or if the changes will apply for you from January. Read More

02.11.2021

Insights - Tourism & Hospitality Sector Hardship Grant

Tourism and hospitality has been hardest hit by border closures, lockdowns and other travel restrictions and many businesses continue to fact significant hardship. The Tourism and Hospitality Sector Hardship Grant aims to provide relief and help maintain employment and fund expenses. Read More