9 ways to manage investment risk
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WHY SHOULD YOU LODGE AN FBT RETURN?
Even though Fringe Benefits Tax (FBT) is designed to capture benefits enjoyed by an employee, it is levied on the employer. Unless your employment agreement allows for any FBT that becomes payable to be recouped from the employee, the employer will have no recourse for reimbursement. So, why should an employer lodge an FBT return…
Early access to super
We all know that our superannuation is there to provide for our financial needs in retirement. That means we can’t usually access our super until we reach preservation age and meet a condition of release. Preservation age is between 55 and 60, depending on date of birth. It is the age at which you can…
Key numbers to focus on in your business now
As a business owner, it’s always been helpful to have an understanding of accounting – but in the post-lockdown world, it’s never been more important to have a good grasp on your finances. With the business world irreparably changed by the impact of coronavirus, your business is facing a ‘new normal’. Priorities have changed, customer…
2018/2019 Federal Budget Overview
Individuals A seven-year Personal Income Tax Plan will be implemented in three steps, to introduce a low and middle income tax offset, to provide relief from bracket creep and to remove the 37% personal income tax bracket. The Medicare levy low-income thresholds for singles, families, seniors and pensioners will be increased from the 2017/18 income…
The Multitasking Effect
There’s an old joke about scientists discovering something that could do the work of two men. One woman. J The implication was that women are better at doing two or more things at once than men, now referred to as ‘multitasking’, and there is some science to back this up. Even so, and regardless of…
Your June 2020 quarter activity statement is due soon
If you are lodging your own quarterly activity statement you need to lodge and pay by the 28th of July. If you lodge using our registered agent electronic services you will have until the 25th of August to lodge and pay. Have you allocated all bank transactions to the correct accounts? Have you verified that…
