When should you start investing? Yesterday! July 16, 2021 Matt Richardson I have written about this subject before, so forgive me if this is nothing new, but this concept has not changed. When people ask when the best time is to invest, the answer is always yesterday. The reason for this answer relates to the power of compounding. This is best illustrated with an example of […] Read More
Accounting Jargon Buster… June 25, 2021 Emma Koschitzke Ever talking to your accountant and have no idea what they mean when they use words such as, gross profit, accruals, income statement or balance sheet…? Like any industry, there is ‘lingo’ associated with it that gets thrown around. But this lingo is not always explained and at times, just assumed that you will know […] Read More
Superannuation Guarantee to increase from 1 July 2021 May 7, 2021 Karen Grainger The superannuation guarantee (SG) is set to increase from 9.5% to 10% from 1 July 2021. SG is payable on an employee’s ordinary times earnings and has been 9.5% for a number of years. The SG rate is set to increase over a number of years when in 2025/26 it will be 12%. As an […] Read More
Employee Entitlements and Rights May 4, 2021 Rohan Brown Employment related issues are often very complex and therefore a specialised area when requiring consultation. As Accountants we are often asked questions in relation to these matters and although we often have a working knowledge of the rules, by no means are we experts in the area. So where can people access assistance with employment […] Read More
Save for a House Deposit April 21, 2021 Ross Laycock Start building your home deposit today. Buying a house is exciting and life changing. It all starts with saving for the deposit. Find out how much you’ll need to save and get tips to help you save faster. How much you need for a house deposit A great savings goal for a house deposit is: […] Read More
Basic Customer Service April 9, 2021 Peter Cramer Let me share an experience of recent times that has reinforced the importance of showing genuine interest and concern for your potential customers. Many businesses struggle and cannot differentiate themselves from the next business selling the same product. (Well, they could, but they cannot work out how to!) I was after a product that is […] Read More
Regional Travel Voucher Scheme March 30, 2021 Emma Koschitzke Did you know that any Victorian resident over the age of 18 can apply for the ‘Regional Travel Voucher Scheme’? This includes a $200 voucher (per household) providing you have spent at least $400 across the following categories: At least 2 nights paid accommodation Paid tours & experiences Entry fees to regional attractions As we […] Read More
How do I get JobMaker and how does the Federal Budget’s hiring credit scheme work? December 11, 2020 Shane Bryan From the Morrison Government which brought you JobKeeper and JobSeeker comes a new program with a name that won’t surprise you one little bit: JobMaker. No prizes for guessing what it’s all about either… Specifically, the Government wants to get the economy making jobs for young people who are currently out of work and on […] Read More
Changes to Casual Overtime Award Clauses December 10, 2020 Shane Bryan On 30 October 2020, the Fair Work Commission (the Commission) announced updates to the casual and overtime clauses in 97 awards. The updated clauses start from the first full pay period on or after 20 November 2020. To find out if your award is affected and what you need to do, click the links below: […] Read More
Carry-forward Super Contributions (An important reminder!) December 2, 2020 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
