News

Sole traders and tax returns

Don’t forget that even if your income is below the tax-free threshold, if you operate as a sole trader, you always need to lodge the following: business and professional items schedule for individuals. tax return for individuals including the supplementary section Tax...

Car Threshold Amounts

From 1 July 2017 the following car threshold amounts apply. Luxury Car Tax: From the beginning of this financial year (July 1 2017) the luxury car tax threshold for luxury cars has been increased to $65,094. Additionally the threshold for fuel efficient luxury cars...

Single Touch Payroll: What you need to know

Single Touch Payroll (STP) will change the way many Australian businesses report salary and wage payments to the ATO. Find out what you need to know before 1 July next year. Single Touch Payroll is a government initiative that has been instigated to simplify...

New (Financial) Year’s Resolutions

At the beginning of the calendar year many people have New Year’s resolutions about food, exercise or productivity. But at the beginning of the financial year fewer make resolutions to enrich their business self. Of course we think that you should improve your skills...

Create a Business Blueprint to Success

Trying to run a business without a business plan is like driving blindfolded. Odds are that you won’t get to where you want to go and the journey will be a death-defying one. By creating a business plan you are creating a step-by-step process to running your business....

GST on low value imported goods

It is intended that from 1 July 2017, the changes to the GST rules will: make supplies of goods valued at $1,000 or less at the time of supply connected with Australia if the goods are, broadly, purchased by consumers and are brought to Australia with the assistance...

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information. Investment Performance: Past performance is not a reliable guide to future returns as future returns may differ from and be more or less volatile than past returns.