With COVID-19 impacting businesses across all industries, it may be time to consider if your team can work from home? If this is an option for you, it is essential that you implement procedures and policies that keep your team accountable to ensure continuity of your business Does your team have everything they need to […]
READ MOREQLD Business Boost Grant
Great news! The Queensland government has announced another grant available for Queensland businesses. The Business Boost grants program provides support to businesses to advance improvements in their efficiency and productivity. Your business may be eligible to receive a grant payment of up to $15,000 (excluding GST) to your proposed project. This support includes funded activities in 3 project areas: Future planning Specialised and automated software […]
READ MORETwo important changes to SMSF
The bring-forward measures and 6-member SMSF bill passes Parliament Bring forward measures – increase in age The bring-forward measures will amend the Income Tax Assessment Act 1997 to enable individuals aged 65 and 66 to make up to three years of non-concessional superannuation contributions under the bring-forward rule. Previously, members under age 65 at any time in […]
READ MOREATO reveals top 3 targets for this year’s tax returns
With the new financial year beginning, the Australian Taxation Office (ATO) has outlined the main areas on their watch list. They have advised that work-related expenses, rental deductions, and capital gains from cryptocurrency are its main focus areas this year. Work from home expenses The ATO is focusing on work related expenses after finding there […]
READ MOREAppointing an executor of your will? Our top 5 things to consider
One of the most important estate planning decisions you will make is choosing who to appoint as your executor. In general terms, an executor is responsible for identifying, locating, managing and protecting assets and arranging payment of any debts and taxes before distributing the balance of the estate to the beneficiaries in accordance with your […]
READ MORETom’s top 3 productivity tips
A quick google of ‘productivity’ will lead you to an overwhelming avalanche of tips, tricks, hacks, and methods. But what really works? What methods are tried and tested? What could you implement to improve your day to create some more time? In celebration of World Productivity Day recently (20 June) we spoke to Walsh Accountants’ […]
READ MOREQBCC – Calculate your Net Tangible Assets before 30 June
If you are required to report to the QBCC, we encourage you to calculate your net tangible assets (NTA) before 30 June. Your NTA will determine your maximum revenue for the forthcoming year – ensure your NTA is adequate so you can trade at full capacity for the 2021-22 financial year. The minimum current ratio for […]
READ MOREThe true cost of SMSF?
Self-managed superfunds (SMSFs) are popular. Perhaps too popular with almost 600,000 SMSFs managing over $735 billion – more than 25% of Australia’s total retirement assets. This popularity has irritated industry and retail funds with a steady stream of large member balances being transferred to SMSFs right when they were most profitable. Members were advised and […]
READ MOREWhat changes on 1 July 2021?
With the new financial year just around the corner, it’s time to understand what will change and how this will affect you and your business. This year there are three changes that effect business and another four changes centred around Superannuation. Business Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee […]
READ MOREBusiness Basics Grant
The Business Basics grants program provides support to businesses to increase core skills and adopt best practice. This support includes funded activities in 5 priorities: Professional business advice Business continuity and succession Training and coaching Website build or upgrades Strategic marketing services Business Basics Grant Program – Key Details Eligible business size: Small […]
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