Latest news
What now? Unwinding the Pandemic
Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And, it is not...
COVID-19 Assistance for Landlords and Tenants
Given the continuing state-wide lockdown, the NSW Government have enacted new Regulations to ensure that the economic impact of COVID-19 is shared by landlords and tenants. The increased tenant protections provided by the re-instatement of the National Cabinet’s...
Are COVID-19 grants and funding tax free?
Most people would think that money provided by the Government to support people and businesses during a crisis would be tax-free? Otherwise, it’s like giving money with one hand and then taking it away with the other, isn’t it? But, the tax laws don’t work like that....
Growing your business value
Over the next decade, as the baby boomer bubble of small and medium-sized business owners roll through the system, Australia will experience one the largest transfers of business wealth in its history. Succession planning is more important than ever. Not just because...
Afterpay’s $39bn pay day
Business advisers will tell you that you need to begin a business with the end in mind; a phrase popularised by Michael Gerber in E-Myth. The announcement of the intended sale of Australian born fintech company Afterpay, pioneer of the 'buy now, pay later' platform,...
Connecting with us has never been easier
So many of our clients have been downloading the new Bentleys app over the past couple of months and experiencing the many benefits of our integrated correspondence systems for themselves. And now with our recent update, there are even more ways the Bentleys Newcastle...
New laws target sharing economy platforms
In an attempt to reign in undeclared income, proposed new laws will require platform providers in the sharing economy to report all transactions through their platforms. Traditional employment models have shifted in favour of more flexible options including...
6 Member SMSFs – the issues and opportunities
From 1 July 2021, the maximum number of members a Self Managed Super Fund can have increased from four to six. Why would you have a fund with six members and what are the implications? Recently enacted laws increased the maximum number of allowable members in an SMSF...
Business in a post pandemic environment
Countries that have experienced the worst of the pandemic give Australian business insight into what to expect in a post-lockdown environment. Australia, like New Zealand, has managed COVID-19 on an elimination basis. That is, lockdowns and border closures to keep the...
10 things to think about as we approach 30 June 2021
Individual Income Tax rates will be lower for some people in 2022 so if income can be deferred until the next year, a tax saving might be available. Home office claims for individuals will be common given the many COVID 19 lockdowns. As indicated elsewhere in this...
Am I taxed on an insurance payout?
Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the...
Work from home expenses under scrutiny & the perils of browsing Facebook
Work from home expenses under scrutiny & the perils of browsing Facebook If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these expenses as a deduction – but...
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