Superannuation and Tax Planning
INCREASE IN SUPER GUARANTEE CONTRIBUTION RATE From July 1, 2021 the compulsory Super Guarantee Contribution rate increases from 9.5% to 10%. The rate will increase again to 10.5% from July…
Superannuation and Tax Planning
COVID-19 Disaster Payment & Business Support Package
COVID-19 DIASTER PAYMENT The Federal Government announced a temporary COVID-19 Disaster Payment scheme to help support any state or territory that has been forced into lockdown. This scheme has commenced…
2021/22 Federal Budget Highlights
Last month the Treasurer Josh Frydenberg released the Federal Budget and the focus is on economic recovery and investment to support job creation to drive economic growth. The Treasurer announced…
2021/22 Federal Budget – Personal Income Tax
The Government will maintain changes to reduce personal income tax. This measure is designed to continue to stimulate the economy by increasing the disposable income available to individuals. Income Tax…
2021/22 Federal Budget – Business Tax
The Government has provided further support for capital investment by businesses and assistance with cash flows by extending the ‘temporary full expensing’ measure as well as the loss carry-back offset…
2021/22 Federal Budget – Superannuation
Superannuation changes in the Budget provide increased contribution opportunities for individuals over age 60. Removal of Work Test for Non-Concessional Superannuation Contributions The Government announced it proposes to permit individuals…
Victoria’s 7-Day Circuit Breaker lockdown
Today’s announcement of a fourth lockdown will hit SMEs particularly hard. There is no doubt Victorian small businesses have already copped a battering throughout the pandemic. From 11:59pm this evening…
Ways to Grow Your Business – Your Ideal Type of Customer
Everyone wants to grow their business but sadly there’s no simple formula that guarantees growth. In fact, no amount of enthusiasm, passion, hard work or talent can guarantee business growth.…
What Drives Your Business Growth and Profits?
Every business owner wants to grow their business and their profits. While there’s no secret formula or recipe, the fact is, business growth and improved profitability are outcomes achieved as…
Planning for a Pandemic
There is an old saying, ‘The most fertile source of insight is hindsight’. That being the case, what can business owners learn from the COVID-19 pandemic? American business magnate, investor,…