Carry-forward Super Contributions (An important reminder!) by Matt Richardson
Earlier in the year I wrote an article about this topic. I am finding this continues to be a fantastic opportunity (and is often overlooked) for those taxpayers who: Have a Total Superannuation Balance (TSB) under $500,000; Would like the ability to reduce their taxable income; Would also like to provide for their retirement by […] Read More
Personal tax cuts – What employers need to do now!
At the beginning of October the Australian Government handed down its 2020 Federal Budget. Part of the Government’s response to the COVID-19 pandemic is to cut personal tax rates retrospectively from 1 July 2020. The Government estimates this will provide tax relief of approximately $12.5 billion over the next 12 months. To ensure these tax cuts are effective […] Read More
WHAT ARE THE SECRETS OF SUCCESSFUL INVESTORS? – Matt Richardson
I thought it would be a good time to put a reminder out about what are the common characteristics of successful investors. None of what I have listed below is rocket science and none of it will be new or a surprise to anyone who reads this. The surprise however, is how often these points […] Read More
The Federal Government has extended the JobKeeper support scheme for a further six-month period, which will extend payments through until the end of March 2021. These new rules apply for the JobKeeper fortnight starting 28 September 2020. The extension includes a few changes to reduce the payment rate for some employees, while also extending availability […] Read More
David Hadley: Seven Habits of Highly Effective People – Stephen T Covey.
There is a saying, ‘perception is reality’ and in Stephen T Covey’s book ‘The 7 Habits of Highly Effective People’, it is Coveys belief that the way we see the world is entirely based upon our own perceptions. Therefore, to change a given situation we need to change ourselves and our perceptions. Below is a […] Read More
Rohan Brown: Web conferencing and meetings – The new norm
The Covid-19 period has created massive shifts in the way we all live. One such area that this has seen significant change as social beings is the way we communicate and interact with each other. Gone are the simple face to face meetings across the desk and now usage of online meeting applications are the […] Read More
Peter Cramer: Why haven’t you got a Will yet??!!
Why haven’t you got a Will yet??!! Well I know the ‘answer’ – (or is it the excuses?) – There is plenty of time – Don’t know where to start – Costs too much – Too busy just now – I’ll do it for sure…. – I don’t have enough assets to worry about it…do […] Read More
State & Federal Government Business Support
There have recently been various announcements of available support from State & Federal Governments, so we have compiled a short list of packages for businesses and employees, which you may be able to access and utilise. Business Support Fund – Expansion program providing $10,000 for employing businesses in metropolitan Melbourne & Mitchell Shire and now $5,000 […] Read More
It’s time to lodge your July JobKeeper declaration!
It’s time to lodge your July JobKeeper declaration! JobKeeper declarations for July are now open. The declarations can be lodged anytime between 1 August and 14 August. The sooner you lodge the declaration, the sooner the ATO will make your payment! For more information see the ATO websites below: Sole traders Employers
Early Access to Superannuation – Make the Decision Wisely! By Matt Richardson
Most of you will be aware of the ATO’s measure to address the impact of COVID-19 allowing people early access to their superannuation. This concession allowed taxpayers to access up to $10,000 prior to 1 July 2020 from their superannuation fund and another $10,000 since. The withdrawals would also be tax-free. In order to meet […] Read More