Pension Requirements Halved by Australian Government
Pension Requirements Halved by Australian Government
Important superannuation measures have now been put in place in response to the current challenges we are facing due to the Coronavirus (COVID-19).  The key measures include: Temporarily Reduce Superannuation Minimum Drawdown Rates The Government is temporarily reducing superannuation minimum drawdown requirements for account based pensions and similar products by 50 per cent for 2019-20 and 2020-21. […]
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Changes to Capital Gains Tax Main Residence Exemption for Non-tax Residents
Changes to Capital Gains Tax Main Residence Exemption for Non-tax Residents
In December 2019 the government passed laws that affect the main residence exemption for non-tax residents. If you are a non-resident of Australia, for tax purposes, you may need to consider selling your Australian family home before 30 June 2020*. *Note: This article was drafted before the Coronavirus pandemic which has had a significant impact […]
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Boosting Cash Flow for Employers incentive
Boosting Cash Flow for Employers incentive
In response to the current economic climate, legislation has now been put in place by the Government to provide temporary cash flow assistance and incentives to support small to medium businesses that have been affected by the Coronavirus (COVID-19). We want you to be at the forefront of these assistance measures, to ensure that you receive the […]
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Why Your Company Should Consider Using a Business Advisor
Why Your Company Should Consider Using a Business Advisor
A good business advisor will build upon decades of experience across multiple industries, to deliver deep insights and knowledge of your business and the wider competitive landscape.  They can best be described as a knowledgeable, accessible, motivated and forward-thinking professional, who will work closely with you to achieve both your business and personal goals – think of them as a high-end coach for your business!   Whether it is […]
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Allan Hall Business Advisors Finalist in 2020 Client Choice Awards
Allan Hall Business Advisors Finalist in 2020 Client Choice Awards
Our team at Allan Hall Business Advisors are excited to announce that we have been named a finalist in the 2020 Client Choice Awards for Best Accounting and Consulting Services Firm (<30m revenue). The Client Choice Awards recognise best practice in the professional services industry and are based on clients’ votes for professional services firms […]
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NSW Government Introduces $2.3 Billion Economic Stimulus Package
NSW Government Introduces $2.3 Billion Economic Stimulus Package
In response to the current challenges we are facing due to the Coronavirus (COVID-19), the NSW Government has launched a multi-billion dollar stimulus package, with funding for NSW Health and payroll tax exemptions for businesses. The key elements of the stimulus package will include: 1. There will be no payroll tax for this quarter for […]
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Tips on Why You Should Refinance Your Home Loan
Tips on Why You Should Refinance Your Home Loan
If we were to ask you what your current interest rate is for your home loan, would you know the answer? Many clients tend to focus only on the approval process of a home loan, letting it sit and then forgetting about it. This however, is a common mistake which many clients make, so we […]
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Australian Government Launches Economic Stimulus Package in Response to the Coronavirus
Australian Government Launches Economic Stimulus Package in Response to the Coronavirus
This morning, the Australian Government launched a multi-billion economic stimulus package with the aim to support Australian businesses and jobs. Prime Minister Scott Morrison has today announced that the Australian Government will provide an economic stimulus package primarily to assist small to medium local businesses, welfare recipients and wage assistance for apprentices and trainees, in response to the challenges […]
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Should You Buy a Motor Vehicle in Your Business Name or Personal Name?
Should You Buy a Motor Vehicle in Your Business Name or Personal Name?
We are often asked this question many times by business clients who are purchasing a new motor vehicle. Unfortunately, there is no standard answer. It depends on many factors such as the cost of the car, its operating costs and its usage. Here are a few points to bear in mind when working out what […]
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