Property Investments – negative Gearing or Positive Gearing?

When it comes to property investments, it’s important to have a strategy behind your investment.  People often ask should I use negative or positive gearing when buying investment property? The answer will depend on how much you are currently earning and whether you are more interested in capital growth or income from your investment. Read …

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COVID – 19 Stimulus – Cash Boost to Small to Medium Businesses

The interruption caused by COVID – 19 is devastating. The Government released the second, far reaching $66.1b stimulus package for all areas of the economy. We focus on the Cash Boost provided to small to medium businesses here. Cash Boost is tax-free cash supports for employers. Eligibility Employers will be eligible for the subsidy if: …

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Find the Right Bookkeeper for Your Business. It’s Never Too Late!

A great bookkeeper will make your business more efficient, productive and profitable.   However, often the biggest challenge is finding that right bookkeeper who will add value to your business instead of costing you money.  Here’s some strategies that can help to find you a bookkeeping superstar: Ensure you have developed a clear role description including …

Find the Right Bookkeeper for Your Business. It’s Never Too Late! Read More »

Tax deductibility and PAYG Withholding & Reporting- Do NOT get caught on this!

From 1 July 2019, if PAYG withholding rules require a business to withhold and report an amount from a payment to employees and contractors, and they fail to do so, they cannot claim a tax deduction on the payments. Those payments are: Salary, wages, commissions, bonuses or allowances to employee Directors’ fees To a religious …

Tax deductibility and PAYG Withholding & Reporting- Do NOT get caught on this! Read More »

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