Business Advisory

On Thursday the 25th June the Australian Federal Government announced a $250 million COVID-19 Creative Economy Support Package, in a bid to support Australia’s arts and entertainment industry. As a result of the lockdown and social distancing restrictions caused by the COVID-19 Pandemic, the entertainment and arts industry has been heavily impacted. We have seen […]

Construction and Renovation Loan Options to Make the Most of the HomeBuilder Package With the recent announcement of the HomeBuilder package by the Australian Government, now may be the perfect time for eligible owner-occupiers to build a new home or complete an overdue renovation. The Homebuilder package is a $25,000 grant provided by the government […]

While more and more people have been choosing to work from home in recent years, many have been forced to do so given the current global pandemic. Now that many businesses owners have been operating from home for a number of weeks, some are considering whether they should continue to do so even after they are given the green light from the government to return to the workplace. This article explores the pros and cons of working from home and looks at ways to make […]

If you are seeking to maximise your superannuation contributions in 2019/20, please carefully review the limits and information below.   Your contributions must be received in your Fund on or before 30th June 2020.  The reason is two fold to ensure that: 1. You are eligible to claim a deduction in 2019/20 for any personal […]

We would like to remind our SMSF retirees to check your super fund records to ensure you have drawn your 2019/20 minimum pension payment by 30 June 2020. If you forget to withdraw or do not draw enough, your super fund will be subject to 15% tax on its pension asset investment earnings, rather than being […]

Final call to enrol for JobKeeper for April/May and next JobKeeper monthly declaration now due It is very important to keep up to date with the JobKeeper Payment key dates to ensure you don’t miss critical deadlines to receive payments. Upcoming JobKeeper Payment Key Dates: 31 May: Don’t forget, you only have until 31 May to […]

Confirm your income now for the 2018/19 year to ensure you don’t miss out on the Family Tax Benefit (FBT) or Child Care Subsidy (CCS). You need to confirm your income by lodging your tax return for the 2018-19 year, or advising that you do not need to lodge a tax return, no later than […]

At a time like this, money is tight for pretty much every business. Cutting costs can be a quick and easy way to improve the profitability of your business. Introducing cost-control measures can bring immediate savings and ensure you remain profitable in the long term. But it’s important that cost-control measures are carefully managed. Eliminating […]

The NSW Government has implemented measures to provide relief to commercial and residential landowners, who have chosen to reduce rent to a tenant due to the tenant experiencing financial hardship as a result of COVID-19. With the introduction of the 2020 land tax COVID-19 relief put in place yesterday, the 12th of May, the NSW Government aims to decrease a landowner’s land tax payable […]