Making the most of redundancy

Redundancy can come as a shock but it can also present you with opportunities to take advantage of when you appropriately plan and understand the tax implications. A redundancy payment consists of money in lieu of notice and an incentive payment generally based on years of service and can vary depending on company policy. Read more

Common deductions property investors miss

Garden watering systems, closed circuit television systems, intercom systems and solar powered generating system assets are all assets which are often missed by property investors when claiming depreciation. Read more

Client update – February 2017

It’s hard to believe it’s February already, with the nation back at work and kids back at school after the summer holidays.

Maiden Gully CFACasual cash quarter

This casual cash quarter we are recognising the hard work that our local firefighters do, especially during the warmer months. We will be supporting our local Lockwood and Maiden Gully Fire Brigades through casual cash donations.

 

Click the preview to view the full newsletter

Click the preview to view the full newsletter

Economic Update:

All eyes were on the US in January, where newly installed President Trump hit the ground running. Markets took this as an encouraging sign that he would follow through on promised tax cuts and infrastructure spending. An encouraging start to the US company reporting season and higher oil prices also boosted confidence, until confusion surrounding immigration policy prompted a late sell off.

In Australia, local shares lost ground over the month despite continued strength in iron ore prices and tame inflation. The consumer price index (CPI) rose by a lower than expected 0.5% in the December quarter, taking the annual rate of inflation to 1.5% from 1.3% previously. This leaves the door open for a potential further rate cut by the Reserve Bank if inflation remains in check.

Also in this issue:

  • Home office deductions explanation
  • Wine Equalisation Tax Rebate changes summarised
  • Tips on how to get your business on track for 2017
  • Venture Financial Advisors raise the topic of education costs
  • What we’ve been up to in the community.

We hope you find this issue informative, should you wish to investigate any of these matters, we encourage you to contact our office.

Client Update – June 2016

Lets keep this 24 hour service open

Click here to read online

Click here to read online.

Our cover story is about our casual cash recipient Lifeline Central Victoria and Mallee who do amazing work in Central Victoria. Read more

2016 Federal Budget – Highlights

The 2016-17 Federal Budget was handed down on Tuesday 3 May. The Government has forecast a cash deficit of $37.1b for the 2016-17 financial year.

We have summarised the key budget highlights and an outline of the changes announced. The major revenue measures announced in the Budget included: Read more

Client Update – April 2016

April Update

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A million meals to share

Our casual cash recipient Bendigo Foodshare do amazing work in Central Victoria. Read about their ambitious campaign to raise money for a million meals in March. Read more

AFS Tax update

Tax Update – April 2016

Small business restructures made easier

The Government has made changes to the tax law to provide tax relief for small businesses that restructure. The tax law changes provide an optional rollover for small business owners who change the legal structure of their business on the transfer of business assets from one entity to another. Read more

AFS Tax update

Tax Update – March 2016

Small businesses restructure tax relief

Small businesses are important to the Australian economy, as they facilitate growth and innovation. As a small business develops over time, however, it’s initial legal structure may no longer be suitable for the business. Read more

Client Update – February 2016

Feb 2016 cover page

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Eliza’s Heroes

Our cover story this issue tells the story of young Eliza and how Righteous Pups will change her life for the better. Eliza’s Heroes are a group of community-minded people who have trained for months to take on the Bendigo Braves at 2pm on Saturday 19 March 2016 at the Bendigo Stadium. Read more

AFS Tax update

Tax Update – February 2016

Single Touch Payroll pilot and tax offset proposed

mouse clickThe Government is looking to cut red tape for employers by simplifying tax and superannuation reporting obligations through its initiative called Single Touch Payroll (STP). Read more