It is now time for businesses to determine if they have an FBT exposure and if so start to collate the relevant information to complete an FBT return for the 2021 year.
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From 1 July 2021, the general transfer balance cap (TBC) will be indexed from $1.6 million to $1.7 million. This means you’ll be able to get more into the tax-free pension phase.
If you want to know how serious someone is about something, a good way to find out is to ask them what they measure.
The more you measure, the more you care.
Choosing the right accountants for your business should be more than just about the fee they charge you – in fact whilst this needs to be a consideration it should always come secondary.
Setting up an SMSF can be complicated. Not getting it right can materially affect your financial situation and retirement plans. The first question you need to be sure about is whether an SMSF is the right fit.
In the context of ongoing public debate regarding the appropriate minimum size for an SMSF, new research has been provided to provide insights into the true costs of running an SMSF.
SMSF trustees need to truly understand diversification and better diversify their portfolios.
Despite the Federal Government’s cashflow stimulus measures and JobKeeper payments, the past year has played havoc with the finances of many businesses.
Have you heard that they’ve extended the HomeBuilder grant? This is fantastic news as the construction industry is an integral part of the Australian economy and we want to make sure you don’t miss out.
Let the good times roll.
Well what can I say about 2020, it presented some of the biggest challenges ever faced by business owners, individuals and communities alike.
Financial reports and management reports, although similar in many ways, serve different purposes and are intended for different users.
If you are a sole trader or own a small business in NSW, you may be eligible to receive a small business safety rebate on any eligible safety items up to $500 in total.
There are four easy steps too.
Did you know that the minimum wage was increased on 1 November 2020 for some awards?
The 2020-21 Federal Budget is all about jobs, jobs and jobs.
If you failed to lodge your previous years’ SMSF annual return on time, the due date for your 2019/2020 SMSF annual return will be 31 October 2020 even if you lodge through a tax agent.
In July, the government announced an extension to the JobKeeper payments for businesses who are still being affected by COVID-19 and further announced updates on employee eligibility this month.
Do you have outstanding superannuation obligations to you or your employees? If yes then you need to take immediate action to review your obligations.
On 7 August 2020, the government announced further changes to employee eligibility for JobKeeper.
With the new financial year commenced, we would like to provide an update on the contribution caps for the 2021 financial year.
Don’t ignore the early warning signs of a business in distress
Understanding and the early identification of warning signs that a business may be (or about to be) experiencing distress can really be life or death.
