The Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget on 11 May 2021. This was possibly the most anticipated budget in history as the government outlines its plans for economic recovery post-COVID. THE BIG NUMBER: Good news is Australia has experienced a stronger than expected economic recovery from the COVID-19 recession. This […]
READ MOREWhy are some businesses able to innovate while others can’t?
Identifying and embracing new ideas is a challenge for many businesses, especially those businesses who have not made this a key focus of their culture. This can be a major source of frustration for business leaders who realise that in order for the company to be as successful as it can be, it must be […]
READ MOREBoost your business with instant asset write-offs
One of the measures announced in the 2020-21 Budget was the temporary immediate expensing of depreciating assets. These rules allow businesses with an immediate deduction of 100 per cent of the cost of eligible depreciating assets. When is the eligibility period? The rules apply from budget night 6 October 2020 and will run through until 30 June […]
READ MORETransfer Balance Cap Increase
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 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 MOREAustralian Financial Review Top 100 Accounting Firm
We are proud to announce that Walsh Accountants have been named on the Australian Financial Review Top 100 Accounting Firms for 2020 for the third year, having made our debut in 2018. In a year which has brought considerable uncertainty for individuals and businesses, we remain keenly focused on the needs of our clients. Partnering with our […]
READ MOREGold Coast Women in Business Awards
The Gold Coast Women in Business Awards were held on Friday 27 November at the Gold Coast Convention and Exhibition Centre. These Awards are a very powerful platform that celebrate the achievements of women and female leaders across the Gold Coast region. Being an award category sponsor for the past five years, we at Walsh Accountants […]
READ MORECovid-19 International Tourism Adaptation Grant
With international travel grinding to a halt, and domestic travel severely restricted, the tourism industry has been suffering more than most. The key objectives of the COVID-19 International Tourism Adaptation Grant program are to assist tourism businesses to: Pivot their product, service and/or marketing to a domestic tourism market Meet operating costs while the business […]
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 MOREGrants announced for Victorian businesses
The Victorian Premier has announced a new business stimulus package including $3billion in cash grants and tax relief $1.1 billion in support of SME’s affected by coronavirus restrictions: Third round of Business Support fund grants which provides up to $20,000 for businesses with payroll under $10 million Grants of up to $30,000 for licenced venues […]
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