Sylvia Troccoli Accountant and Business Advisor
Maximise the profits and growth in
your business through knowledge
02 9153 5359
The deadline to have a Director ID is 30th November 2022. Please apply for it URGENTLY to avoid the hefty penalties. It is free to apply and obtain a Director ID. The quickest way to lodge an application is online using the myGovID app. See and follow the link: https://www.abrs.gov.au/director-identification-number/apply-director-identification-number Remember that the website tend…
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Darren Stacey , National Leader, Finance Solutions Executive Director, Debt Advisory BDO Australia Given the significant market disruptions now becoming apparent across the country, the major Australian banks have announced how they will assist their impacted business customers. While many individuals are rightly focussing on the health and wellbeing of their own family, the impacts on…
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Most investors consider superannuation for long term tax-effective savings and despite all the changes over the years, maximising the superannuation rules is paramount in all client’s retirement plans. Both the Government and the Opposition are now targeting its concessions in this area and have placed limits on wealth creation and estate planning in superannuation. Investors…
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By the pure nature of it, receiving an inheritance tends to come at a time when we are grieving, and at this distressing time, we need to understand whether the inheritance itself impacts a Centrelink aged pension benefit. The key to this is the size of the inheritance, and is dependent on one’s existing wealth…
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Do you import goods worth A$1,000 or less? From 1 July 2018 overseas businesses that meet the GST registration threshold of A$75,000 will need to charge GST on goods that are: less than A$1,000 (low value) imported into Australia not GST-free (such as most basic food, alcohol, tobacco, or tobacco products). How will this…
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Selling the Australian dollar one indicator that expresses a view the world is a riskier place today than it was yesterday. Judging by the heavy selling over the past few months this is currently the case. In mid-June 2018 the Australian dollar was trading at around its lowest level in more than a year, falling…
{ Read more } Most people do not realise that they can potentially be held personally liable for the debts of their company during the time they are directors – even if they are silent directors, or later leave the company. That’s why it is important to know your responsibilities and obligations as a company director.
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SME owners must not overlook cyber security since they are vulnerable to the same scams and cyber-attacks that prey on individuals. SMEs may suffer severe ramifications from a significant security breach, which may even hamper businesses’ ability to continue operating.
{ Read more } You make a lot of decisions when running your business. So what about the people who work for you? They’re contractors, right? Are you sure? Because you’re responsible for getting it right.
{ Read more } Did you know there are tax concessions available that can help your small business grow? Find out which ones you can use and when they start, so you can benefit.
{ Read more } As a borrower, are you aware of what a mortgage assessment rate is and the impact it has on your ability to successfully apply for a home loan?! There is a misconception that lenders assess your ability to repay a home loan based on interest rates at the time of your application. This is not the case.
{ Read more } We’re often guilty of not taking care Simple steps like having health insurance can make all the difference when a family member becomes unwell. Poor health is already a stressful time for you and your family, so any financial strain can amplify this.
{ Read more } INCLUDE ALL YOUR INCOME Declare all your cash and online sales in your tax return. Income may also include money you have earned from participating in the sharing economy such as renting out a room or driving passengers for a fare.
{ Read more } On 23 November 2016, some of the most far-reaching superannuation reforms of the past decade were passed by both Houses of Parliament. The superannuation reform package was announced in the 2016-17 Budget and amended following consultation.
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