Over recent weeks we sent a series of emails to all those who have subscribed to our weekly news and email updates. Each covering one of our five key tax planning strategies below, together with a brief video explanation that outlined how you can save $, and at the same time grow your family’s wealth in a low-risk manner. The Secrets to Tax Planning Last Chance for BIG Super Contributions… Read more
Major changes to tax and superannuation were approved by the Government in December 2016. These are the biggest changes in the last 10 years. They are significant. Most of these changes will take place on 1 July 2017. That’s why we need to start planning ASAP with you. The expert Mid Coast Partners Team have spent the last few months creating a number of cutting edge and brilliant strategies… Read more
From 1 July 2017, a new tax measure will come into play for small businesses, and we’re here to help prepare you for this change. Businesses that haven’t engaged with the Australian Taxation Office (ATO) to get their tax debts under control could have their tax debt information disclosed to credit reporting agencies by the ATO. Initially, the ATO will be applying this new disclosure measure to businesses with a… Read more
There are 5 key things all business owners must consider right now. Some of them are brilliant wealth creation ideas. Please read on… 30 June will be here before we know it. Let us help you get the most out of the upcoming months. Too often, we end up suffering because we have procrastinated and not made a positive decision to do something. If we all leave your tax planning until the end of… Read more
Tax planning should be done on a regular basis throughout the year. Imagine what you could do with tax saved? Reduce your home loan Top up your super Have a holiday Deposit for an Investment Property Upgrade your Car Here’s a guide to the strategies you can use to minimise your business tax. 1 IS YOUR BUSINESS A “SMALL BUSINESS ENTITY”? Small businesses can access a range… Read more
The biggest super and tax changes in the last 10 years will affect you in 2017 and 2018. Now’s the time to review what strategies you can use to minimise your tax before 30 June 2017. Imagine what you could do with tax saved? Reduce your home loan Top up your super Have a holiday Deposit for an Investment Property Upgrade your Car Key Superannuation Changes While you… Read more
On average, small business owners spend 10 hours each week recording, organizing, and processing financial transactions – everything from accounts receivable and payable, to employee payments, expense receipts and supplier invoices. While the process may be time-consuming (and tedious!), effective bookkeeping is the foundation of sound financial management – which in turn, is the lifeblood of your business. Feeling overwhelmed by mountains of paperwork and complex calculations? Here are three… Read more
Not sure what is super stream or how to set it up? From 30th June 2016, the government requires employees’ superannuation to be paid via a superannuation clearing house. Direct payment to employees’ superannuation funds will no longer be possible. With super stream, you will be paying the total of employee super to the clearing house, it will then distribute the payment to each superannuation fund account as per the… Read more
The FBT year ends on 31 March 2014 and is an area of focus for the Australian Taxation Office (ATO). The ATO have found a high level of misunderstanding about FBT among employers with many simply not realising that they have incurred a FBT liability. Key areas include motor vehicles and benefits provided by associated companies. FBT is payable by employers when certain benefits are provided to former, current or… Read more