NSW DroughtHub provides a one-stop online destination for information on a vast range of services and support available to primary producers, their families and communities to prepare for and manage drought. Almost all the state is now in mild to severe drought and the NSW…Read More
TaxWise Business – February 2018
In this issue: The small business $20,000 instant asset write-off extended… time to go shopping! Changes are coming to GST from 1 July 2018: is your business ready? How to make your GST reporting easier Did you now that some fresh foods are subject to…Read More
Recent Changes to Stamp Duty Exemptions in NSW
As a result of 2017 NSW State Government Budget a number of changes have been made to stamp duty which will have a positive impact for our clients. Insurance policies are about to become more affordable for hundreds of thousands of NSW small businesses, as…Read More
Are you struggling with your ATO Obligations?
With World Mental Health Day being held last month the ATO is reminding everyone with a small business that they understand people experience feelings of stress, anxiety and even depression while operating their business. Most of us would say we are aware of the signs…Read More
Budget Summary – Peter Debus
Budget Summary 10 May 2017 Peter Debus 2017-18 Federal Budget: $29.4bn deficit in 2017-18; working towards a surplus of $7.4bn in 2021 on the back of an improving economy; housing affordability package; increased Medicare levy and bank tax; substantial infrastructure program including inland rail…Read More
Superannuation Fine Times
Fine Times SMSFs that don’t check their advisory team’s credentials risk being penalised, writes James Frost There is so much paperwork that SMSF members and trustees have to review, it’s understandable that they sometimes don’t get the chance to cross-check the credentials of their service…Read More
10 Commandments of succession
1. The primary outcomes of succession planning should be certainty for all parties and improved family relationships. Use the process to improve family relationships, not to have them deteriorate. 2. Start early. Many Australian farmers and business owners retire or semi retire after the age…Read More
Should we target taxes on the wealthy?
This is a story from David R. Kamerschen, Professor of Economics, University of NSW that I thought may have some application given the recent changes to superannuation. Suppose that every night, 10 men go out for dinner at La Porchetta's. The bill for all 10…Read More