The Danger of “Going Public”
By David Prattent We’ve all been there. The battery on your smartphone is in the red and you don’t have your charger with you. And just to compound the agony, you need to make calls. Just before you have a meltdown, you remember that there is a public charging station at the nearby shopping centre. […]
Key Tax Topics at the Start of 2020
By Alisa Sainoski Donating to our Country’s Bush Fires It is heartening to see the outpouring of support in the wake of our countries bushfire crisis. In 2020 there are so many ways to give, as social media unites people in remarkably charitable ways. However, before you donate you should be aware of where your […]
The Gist of GST
By Alisa Sainoski One of the many things which need to be done when you are starting a new business is applying for an Australian Business Number (‘ABN’). This is followed up by whether or not you should register for Goods and services tax (‘GST’). GST is a broad-based tax of 10% on most goods, […]
Maximum Contributions Base
Employers are required to make superannuation guarantee payments into their employee’s nominated superannuation fund each quarter. The current superannuation guarantee amount is 9.5% of the employee’s annual salary up to a maximum amount of $25,000 per annum. As an aside, this percentage amount is scheduled to increase over the coming years until it reaches a […]
MarketWatch December ’19
By David Prattent MarketWatch is watching economic developments with not a little bemusement, tinged with a modest amount of despair. It seems we have plenty of information about the problems, but no-one to take charge of the solutions. Our politicians just blame each other, which is, after all, their job. But MarketWatch can’t help feeling […]
Succession Planning…Not Just an Exit Strategy
Succession planning. For most small businesses uttering the words “succession planning” brings visions of retirement, sale or shutting up shop. But, and this is important, succession planning is not limited to selling or exiting out of a business. The practice of identifying up and coming employees, grooming them for a particular role or simply having […]
Medicare Levy Surcharge…
By Alisa Sainoski Are you single and carefree or do you have a world full of responsibility, caring for children and your significant other. Either way you should be thinking about your health and your families’ health. Looking after your health and wellbeing should be the most important factor in your life but who knew […]
Division 293 Tax
By Alisa Sainoski Dun. Dun. Dun. Dunnn… its Division 293 tax. Division 293 sounds like a nightmare but in reality, it is the harmonisation of the concessional tax treatment higher income earners enjoy on some superannuation contributions. Let’s say you are one of the many lucky people who earns near to or more than $250,000, […]
A Day in the Life of Cryptocurrency
By Alisa Sainoski and Jasmyn Martin-Nicholls Before you jump in the world of Cryptocurrency (Bitcoin, Ether and Litecoin) you should know the positives and negatives of this multi-billion dollar industry. The currency is digital, so there is nothing you can touch or hold. Its value fluctuates in a highly volatile manner. It is created by […]
MarketWatch November ’19
By David Prattent MarketWatch is in the process of watching one of those historical dramas that British programme makers are so good at. Life, he reflected, was far less complicated then. If you wanted to convey a decision, you wrote to someone. They would read it and write back to you. The process could take […]