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Take a look at some of our latest articles:
As we enter the battlefield for another day, the Government has added some more stimulus to our artillery.
General Scomo announced the third round of stimulus late yesterday (not yet legislated), known as the “Jobkeeper Payment”, targeted at retaining employees and not having to deal with Centrelink.
Read MoreThe Queensland Government have released further information in regards to the $500 million loan scheme previously reported
Read MoreHow many pollies does it take to stimulate an economy? All of them it seems… Following on from the recent stimulus package announced in early March 2020, the government has announced a new “safety net package” over the weekend.
Read MoreThe Reserve Bank of Australia (RBA) has slashed interest rates to 0.25 per cent after calling an emergency meeting to try to save the economy. The RBA will buy Australian government bonds as part of its first-ever quantitative easing program and provide a three year funding facility to provide low cost loans to Australian banks.
Read MoreNothing at m+h Private gets us more excited than a good ‘stimulus package’. The Government has announced a $17.6 billion stimulus package to combat the challenges the world is currently facing while dealing with the spread of corona virus (COVID-19). The package aims to help small to medium business by delivering support for investment and providing cash flow assistance.
Read MoreRecently The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 was passed in parliament (SUPER!) and it has been sent to the Governor General for his tick and flick. Good news if you’re an employer who hasn’t kept their superannuation up to date. Now is the time for you to take advantage of a one-off amnesty to self-correct historical Super Guarantee (SG) non-compliance.
Read MoreSo you’ve found a great doer-upper on a huge block. With a touch of know-how, and plenty of hard work, a property renovation or development can be a great way to make some cold hard cash. Without the correct project structure though, any “profits” can quickly find their way to the tax man. Let’s consider the Goods and Services Tax (GST) implications in this scenario (we will discuss income tax in a future post).
Read MoreWith Christmas just around the corner, you may (or may not) be thinking about how to thank your staff for their hard work this year. Hosting an extravagant Christmas party is a great idea, but there are a few things to remember when it comes to tax. Any costs involved with throwing a party fall under entertainment expenditure which is generally not tax deductible. It may also be subject to fringe benefit tax (FBT) if the cost per person exceeds $300 (GST inclusive), which does not come under the minor benefits exemption.
Read MoreSo you’ve got the idea, the smarts and the motivation but there is that one missing piece to get that great idea of yours to the next level or even of the ground – the $$!
Read MoreIs a Learjet or Gulfstream your preferred method of transport?
If so, listen up – we have some important changes to tell you about. If not, keep reading – it might only be a matter of time until they are. Who are you?
Read MoreWith Liberal frontbenchers across Australia falling on their swords and Bill Shorten licking his lips, Labor are expected to romp home in the 2019 Australian Federal Election. A Winx-like victory if ever there was one - albeit a whole lot less entertaining.
Read MoreSetting up a new medical practice without first fully structuring your medical accounting and finance systems can be pretty much akin to performing open heart surgery on yourself. Without a proper plan - and the right advice - you’re almost certainly heading for disaster.
Read MoreWe’re sure you’re aware that in today’s climate making money out of property development can be tough. Plus the uncertainty surrounding the banking royal commission and the looming federal election have only added to the complexities, making the property industry a nightmare if you’re not fully armed with the right information. So here’s a guide to property development, to help you choose a profitable path.
Read MoreA former Foodora Australia delivery rider, Joshua Klooger, recently won an unfair dismissal claim despite a service agreement that classified him as an independent contractor. We explore the implications of the case.
Read MoreIf your company is an eligible base rate entity, there’s good news on your corporate tax cuts timeline scenario. And if you’re an unincorporated entity, you’re in for an increased income tax offset.
Read MoreConsidering investing in an early stage investment company (ESIC)? Or maybe you’re a potential startup wondering about ESIC tax incentives. Either way, here’s a brief rundown on both ESIC tax incentives and the qualifications for ESIC eligibility itself.
Read MoreIf you’re a medical practitioner or other sole trading professional, you’ll be probably be aware of the tax terms - Personal Service Income (PSI) and Personal Service Business (PSB). But are you fully up to speed with their often misunderstood rules and differences, and how they impact you?
Read MoreThe government has introduced new legislation which brings forward the collection of GST on the sale of new residential premises or new residential subdivisions, effective 1 July 2018.
Read MoreThe QLD government have two grant programs worth looking at:
Applications for the Accelerate Small Business Grant is closing 5pm 27 March 2018 – Grants of up to $10K
The Business Growth Fund – a new program that kicks off on 28 March 2018 and provides upfront payments of $50K.
With the new year upon us, many set personal goals, typically around health and wellbeing. Keeping with the theme… financial health and wellbeing should remain a focus for businesses alike.
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