General

Pension Bonus Scheme closed to new entrants from 20 September 2009 The Pension Bonus Scheme will be closed to new entrants. An income test concession will be introduced instead. Clients registered prior to closure will continue accruing entitlements as previously. To compensate for the closure of this measure, the Government will introduce a new pension […]

Temporary reduction of the Government co-contribution from 1 July 2009 to 30 June 2014 The Government will temporarily reduce the matching rate and maximum co-contribution that is payable on an individual’s eligible personal non-concessional superannuation contributions, with effect from 1 July 2009. Under this measure, the matching rate and corresponding reduction will be: 2009- 2010 […]

How much will be paid? $900 bonus will be paid if you have a taxable income up to and including $80,000 $600 bonus will be paid if you have a taxable income exceeding $80,000 but not exceeding $90,000 $250 bonus will be paid if you have a taxable income exceeding $90,000 but not exceeding $100,000 […]

Provision for loved ones and protection against loss of income are the most requested guarantees sought by our clients. Financial business markets and environments change frequently meaning a regular review of your circumstances is essential. Knowing that your business, financial and family risks are fully protected will give you peace of mind. The following areas […]

A Fair Work Bill Action Plan 1. Review existing workplace arrangements to assess the impact that National Employment Standards might have on your business. 2. Consider acting now to place employees currently on Australian Workplace Agreements on employee collective agreements. Determine to what extent you may be able to take advantage of the ‘high-income’ employee […]

Fair Work Bill – what you need to know The Fair Work Bill introduces substantial changes to the laws currently governing minimum employee entitlements, collective bargaining, transmission of business and unfair dismissals. The Bill replaces the Workplace Relations Act 1996 and introduces a new workplace relations umpire, Fair Work Australia (FWA). Although modern awards and […]

ATO warns against liquidation to avoid tax The Commissioner of Taxation has released a Taxpayer Alert in relation to the use of liquidation to avoid payment of taxation. Taxpayer Alerts are routinely issued by the Australia Taxation Office and provide a summary of significant new and emerging higher risk tax planning issues that are under […]

Building a brand A brand identity represents a mental or emotional association in the mind of a customer. It is initiated by the images used in your advertising, and by the words used to describe your products. After sufficient impressions, the customer remembers these associations and a brand is born. Large corporations spend hundreds of […]

This time every year, people draw up lists of New Year’s resolutions: Lose weight, start exercising or quit smoking. The New Year offers a sort of renewal, time to take a pause, and hopefully perform better going forward – both personally and in business. Commit to New Year’s resolutions – here are some to help […]

RAISING FINANCE To make a successful proposition to the bank: 1. Choose the right financier – Spend time thinking about the most appropriate funding source for the project or objective. Long-term projects are probably not best funded by overdrafts or loans in debt. Learn about the various sources of finance and select those best suited […]