Category: Blog

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Small Business, Tax

How Do I Declare My Income As An Influencer?

As an Influencer, it’s important that you declare your assessable income from all sources that it has obtained from which includes income made through endorsements, sponsorships and non-cash benefits. If income is not correctly reported, this can become an issue that may trigger ATO audits.

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Cryptocurrency

Cryptocurrency Record Keeping

It is necessary to maintain good records for all transactions with cryptocurrency, whether you’re using cryptocurrency, for personal use, in business or as an investment.

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Small Business

Unwinding COVID-19 Relief

COVID-19 support will roll back as states and territories reach vaccination targets. The National Plan, the road map out of COVID-19, does more than provide greater freedoms at 70% and 80% full vaccination rates, it withdraws the steady stream of Commonwealth financial support to individuals and business impacted by COVID-19 lockdowns and border closures. We look at the impact and the support that remains in place.

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SMSF, Tax, Uncategorized

Did your super fund receive a compensation payment?

Is a financial services compensation payment to your superannuation fund a contribution? Of late, there have been several compensation payments made by financial services providers to customers that were inappropriately charged or overcharged for insurance premiums or services they did not receive.

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Covid Safe Check In (2048 X 1536 Px)
Small Business

What now? Unwinding the Pandemic

A business operator has the ability now to refuse entry or service to a customer as long as anti-discrimination rules are not breached. Excluding an individual by vaccination status without a public health order however will be a question of whether the rule is reasonable, necessary, and proportionate.

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Woman Comforting Depressed Man At Rehab Group Meeting
Community, Community Support, Small Business, Tax

Mental Health Support for Business Owners

Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense.

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Vector Of A Business Man Being Rescued With Life Buoy During Coronavirus Economic Crisis
Community Support, Small Business

Victorian Government business boost announced for the extended lockdown

While Victoria is expected to remain in lockdown until the start of October, the Victorian Government will be rolling out additional financial support for the state’s small and medium businesses as they continue to grapple with the sustained impacts of lockdown restrictions.

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Small Business, Tax

ATO update on tax claims for NANE COVID-19 payments

According to new guidelines issued by the Australian Taxation Office, small businesses that pay accountants or bookkeepers to apply for tax-exempt COVID-19 grants on their behalf will not be able to claim tax relief for the service.

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Small Business, Tax

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.

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Downsizing Your Home 1
Strategic Financial Advice

Downsizing your home? Understanding the downsizer contribution

Downsizing the family home is often part of the longer-term financial plans for many older Australians. But did you know that you could consider investing the proceeds of the sale of your family home to your super – depending on your age and circumstances – as a downsizer contribution?

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Five Tips For Building A Super Future 1
Strategic Financial Advice

Retirement Realities: Five Tips for Rebuilding a Super Future

Australians will need to rebuild their superannuation and retirement savings, after withdrawing more than $36 billion in early super release payments in 2020, according to Colonial First State’s Retirement Realities Series.

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Adding More To Your Retirement Savings 1
Strategic Financial Advice

Adding more to your retirement savings: is it worth it?

There’s no denying that being proactive with your super may be key to increasing your retirement savings. As an investment vehicle, super can offer significant benefits thanks to the magic of compounding interest. It also provides one of the best tax structures available.

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