Now is the perfect time to set goals for your business to make 2023 your most successful year yet! Having clear goals set for yourself and your business provides a sense of direction, motivation, and a clear focus on what you are trying to achieve for the year ahead. In this checklist you will find: […]
READ MOREA meeting that is complimentary
What fun we’ve had throughout our 12 days of Christmas! We hope you have learnt a lot which will help you better understand your numbers to manage and grow your business and protect your personal assets. Don’t forget to register for your “What’s important to me” survey for personalised assistance completely tailored to your needs, […]
READ MOREBusiness restructure not so taxing with Qld small business duty relief
Thanks to new amendments and legislation passed in October 2022, Queensland small businesses looking to restructure by transferring assets from a sole trader, partnership or discretionary trust structure to a company structure can continue to access either a full or partial duty exemption on the transfer. This makes business restructures not so taxing on business […]
READ MOREBusiness Basics Grant – Round 4
The Queensland Government Business Basics Grants Program is opening for round 4. The Business Basics grants program provides support to businesses to increase core skills and adopt best practice. Your business may be eligible to receive a single up-front fixed grant payment of $5,000 (excluding GST). This support includes funded activities in 5 priorities: Training and coaching (business development, marketing, […]
READ MOREContribution changes for older Australians means more money in superannuation
Legislation commencing 1 July 2022 has opened some new opportunities for older Australians to get more money into superannuation. The change means that people aged 67 – 75 years can now make contributions from after-tax money, called non-concessional contributions (NCC), without the requirement to be working on at least a part time basis. How much […]
READ MORESMSF announcements from the 2022-23 Budget 2.0
In the 2022-23 Budget 2.0 release in late October there were six updates that will affect Self Managed Superannuation Fund (SMSF) trustees and members. Cancellation of three-year audit cycle policy for certain SMSFs It had previously been proposed that certain SMSFs may be eligible for a three-year audit cycle rather than the annual requirements under […]
READ MOREShuffling the decks: 2022-23 Budget 2.0
There was nothing released in the 2022-23 Budget 2.0 that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous government initiatives, and the commodity driven $54.4 billion improvement in tax receipts has […]
READ MOREHow high will interest rates go?
The RBA has lifted the cash rate over consecutive months. That leaves us to ask a very important question – How high will interest rates go? Earlier, Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “…we’re going through a process now of steadily increasing interest rates, and there’s more of that […]
READ MOREAre you a company director? Do you have your director ID?
If you’re a company director, you must apply for your Director Identification Number (director ID) before 30th November 2022. What is a director ID? The director ID is a unique 15-digit identifier that directors apply for once and keep forever. It is aimed at preventing the use of false or fraudulent director identities. As a […]
READ MOREThe 12 golden rules for asset protection
To protect personal assets, it’s important that business owners operate and structure deliberately, and in a way to remove asset ownership from ‘at risk’ individuals. Why? Because everyone in business is carrying a level of risk as things can, and often do go wrong. There are a number of options that can be taken to […]
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