Blog

The budget proposal to allow assets under $30,000 (excl GST) to be written off immediately has passed both Houses of Parliament and is now in play as of 3rd April 2019 (subject to Royal Assent which should be a given).  This applies to all small-medium sized...

Hiring good people is one of the most challenging tasks in running a business. Here are the top 5 questions, in 3 different categories, to ask candidates according to seek.com. The top 5 motivational interview questions to ask candidates: Why are you interested in...

Family and domestic violence leave has now been added to the National Employment Standards, and applies to ALL employees in the Fair Work System from 12 December 2018. This new entitlement allows employees to access up to 5 days of UNPAID leave each year to do...

The short answer is, if the gift is classed as entertainment then NO, the expense is not tax deductible, however if the gift is not classified as entertainment, then YES it is tax deductible. Entertainment normally relates to immediate consumption of the item....

We often get asked – Should I setup a family trust? Or, should my business trade in a family trust structure?  The short answer is that yes, family trusts are often an excellent structure in which to run a business or to invest. The main advantages of a trust are:...

A local financial group we have worked with in the past (The Wealth Connection), are running a free first home buyer's workshop. The workshop will be held at the Thirroul Community Centre on July 12, 2018 from 6-8pm and will provide information on benefits available...

Just letting all of our clients know that our office will be closed from Friday 22nd December to Sunday 7th January, reopening on Monday 8th January 2018. No work, heaps of good food, extra drinks, sleep in, go to the beach with the kids, watch the cricket  …. not...

You claim fuel tax credits on your BAS in the same way as you claim GST credits. You can register and claim fuel tax credits for eligible fuels (petrol & diesel are both eligible) you use in heavy vehicles if the vehicle meets the following conditions: It is used...

If you have noticed that your BPAY reference number is different on your most recent BAS or IAS to your usual reference number, don't fret! We have spoken to the ATO about this and they have confirmed it is just a glitch at their end that they're working on. You can...

For those clients using MYOB Version 2017.1.1 or prior, you may have noticed a message when logging on asking that you upgrade to the latest version before the 24th August as the old version will not work after this date (being decommissioned?).  This is just a...