From 1 July 2021 the Transfer Balance Cap* (TBC) will increase by $100,000 from $1.6M to $1.7M. However, only members who have not yet commenced a pension will be eligible for the full increase with a new cap of $1.7M. If you have an already established pension, you will receive a proportional increase based on the unused […]
READ MOREFemale business leaders are thriving
As women in business we have a great ability to build communities and rally support of those around us. Communicating and collaborating is something we thrive at. And so it was interesting to read in the Financial Review this week an article indicating that female led or co-founded businesses are raising 25% more in equity […]
READ MOREWorking ON your business… not IN your business
Many business owners become frustrated when their advisers don’t understand them or their business as well as they would expect. Whilst many business owner’s goals are similar, from an adviser’s perspective, there is such a wide variety of both long-term and short-term objectives that business owners have. Overlay these with the differences each business owner […]
READ MORERegister to become a badged Gold Coast local supplier in eMarketplace
The City of Gold Coast encourages local suppliers to register on the Gold Coast Supplier List. It’s entirely free for suppliers and, once successfully registered, your business profile will be badged as a Gold Coast Local Supplier and be visible to City of Gold Coast buyers and to others searching the Marketplace for suppliers in the area. […]
READ MOREBuilding or renovating? HomeBuilder Grant Extended!
The HomeBuilder scheme provides a tax-free grant to those building a new home or renovating. The Assistant Treasurer recently announced an extension of the HomeBuilder scheme from 1 January 2021 to 31 March 2021. For all new build contracts signed between 1 January 2021 and 31 March 2021: eligible owner-occupier purchasers will receive a $15,000 […]
READ MORERefunds for Tax Losses
If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits. In the 2020-21 Federal Budget, the Government announced that businesses with a turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously taxed profits between 2018-19 […]
READ MOREOur top 3 announcements from the 2020 Federal Budget
The 2020-21 Federal Budget incorporates the largest government spending package in over 60 years. As specialists in business and entrepreneurial support, we are excited by some of the measures that have been announced and the positive impact they can have on our clients businesses. We would like to draw your attention to what we believe […]
READ MORE2020/21 Federal Budget – Road to Recovery?
Treasurer, Josh Frydenberg has delivered the Coalition Government’s Federal Budget 2020-21. Rather than focusing on bringing the budget back to surplus which has been the case in previous years, this year it is focused on rebooting the economy and creating jobs. Taxation JobMaker Hiring Credit Economy 2020/21 Federal Budget Highlights Taxation The Morrison Government will […]
READ MOREJobKeeper 2.0 – Legislation passed! Do you qualify?
The JobKeeper 2.0 legislation has passed Understand how to qualify via the updated Basic and Alternative Tests What doesn’t change with JobKeeper? Businesses already enrolled for JobKeeper before 28 September 2020 do not need to re-enrol for the extension. They will need to continue to report monthly by the 14th day of each month. Businesses […]
READ MORE9 Financial Factors to a Successful Business Purchase
You are in the process of buying a business – what should you look for? Every business is unique and Value is different to different people It is much better to spend your time, some money and energy now than either paying too much or buying a business that doesn’t meet your needs and expectations. […]
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