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We’re hiring

We are seeking a self-directed, authentic, and focused senior accountant to join our Dubbo team. You will have a strong knowledge of tax compliance, accounting skills and problem-solving abilities. We offer; Genuine client focus & client management role.Broad range of services & specialist opportunities.A commitment…

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NSW Budget 2020-21

The NSW budget champions a business-led recovery, supporting businesses to grow, invest and create jobs in their local communities.  Highlights for Business Payroll tax thresholds and cuts:  The payroll tax threshold will be increased to $1.2 million with the rate of payroll tax lowered from…

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The best ways to structure and pass on your wealth

AFR - Wednesday, 4 Nov 2020 - Page 24 There’s been a lot of talk in recent years about the ‘‘ SKI’ ’ phenomenon (spending the kids’ inheritance) but there are many Australians who want to help their children financially – either now or in…

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Taxwise Business News – November 2020

Our latest TaxWise Business newsletter is now available. Topics covered include; Budget measures now law, JobKeeper updates, what has the ATO been up to? tax tips, ABN details, business structures, superannuation and key tax dates. PrincipleFocus-TaxWise-Business-News-November-2020Download

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Budget 2020

We were quietly hoping for something really ground-breaking with this year's budget. Given all that has happened this year the government were in a strong position to deliver some (desperately needed) tax reform and provide some vision for a better Australia.  As Churchill stated: “Never…

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The Derivatives Lure Catching SMSFs

As official interest rates hover at an all-time low of 0.25%, SMSFs are being challenged to generate acceptable returns through defensive assets such as cash and term deposits.SMSF trustees are now starting to look towards investing in high-risk assets such as derivatives because they think…

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New rules for Directors

Legislation was recently passed to bring in a new registration system for directors of companies in Australia. Under the new regime, every director will be assigned a unique identifier known as a Director Identification Number (DIN) that will stay with them across all companies they are, or…

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JobKeeper 2.0

The following changes will apply to JobKeeper fortnights commencing 28 September 2020. Key changes Actual decline in turnover test: For JobKeeper fortnights from 28 September 2020 you will need to meet an actual decline in turnover test. An actual decline in turnover test will need…

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Tax Time Toolkit – Small Business

This toolkit prepared by the ATO includes a helpful directory of links to help small businesses find information, tools, calculators and services to help them at tax time and throughout the year, as well as several fact sheets for small businesses. This includes information on…

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Farmland prices forecast to slow

This clipping is from the September 14 issue of The Australian Financial - Monday, 14 Sep 2020 - Page 35 After five years of strong gains, little growth is forecast for agricultural land prices over the next 18 months as east coast farmers focus on…

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