Scammers at it again
It has come to our attention that the scammers are at it again! This time they are coming at us disguised as the Australian Securities & Investment Commission aka ASIC. Don’t be fooled, scammers are clever and can be very convincing. Refer to this link to help determine if your email is legit. Posted 20.4.17
Small Business Company Tax Rate
You may have heard that the changes to the small business company tax rate were recently passed by the Senate. As a result of the new rules, companies that operate a small business can expect the following changes: From 1 July 2016 the tax rate is 27.5% and will gradually reduce to 25% by 1 […]
Out with the old, in with the new!
Small businesses* can claim an immediate tax deduction for assets costing less than $20,000 that are installed and ready for use by 30 June 2017. Under normal rules, the asset would be depreciated each year with the tax deductions spread out over a number of income tax years. At this stage, the government has not […]
Private Health Insurance – A Snapshot
In Australia, the private health system works on the underlying premise that you should not pay more for health insurance simply because you are older. So the 70 year old who may use more of the health system than a 30 year old can still access cover at the same premiums. So why would younger […]
Superannuation and Non-concessional Contributions
Superannuation laws have changed…..AGAIN! The government is intent on limiting monies that can be contributed to superannuation. Broadly speaking there are 3 ways to contribute monies to super, being: Concessional (tax deductible) Contributions Non-concessional Contributions CGT Rollovers In this commentary, I am discussing Non-concessional Contributions – these are amounts of money that can be contributed […]
Are You Covered?
Did you know – If businesses you control have workers (including apprentices and trainees) and pay wages of more than $7,500 pa. in total, then you are required to maintain a workers compensation policy. If you are the owner of a partnership or sole trader business and you are injured on the tools, then this […]
Come stay at my house
The sharing economy has more than made its mark in the world and continues to grow with the technology revolution that’s unfolding before our eyes. One of the success stories is Air BnB which brings together people with rooms to rent with those requiring accommodation. The nature of Air BnB is such that it opens […]
Starting your Business – when is the right time?
Here at HQB Chartered Accountants, we love discussing business ideas with our clients. For many people, thoughts of becoming self-employed start later in your working life when your financial security has started to build. There is, however, a strong argument for taking risks on a small business earlier in life when you have less to […]
Changes to Superannuation Seminar Presentation
Earlier this week we held a seminar on the superannuation changes that are coming into effect 1 July 2017. A copy of the presentation is on our website, click here to view. If you would like to discuss any of the changes, please do not hesitate to call our friendly staff at HQB Chartered Accountants. […]
Superannuation Changes Seminar – Save the Date: Tuesday 24th January 2017
The government announced significant superannuation changes back in May, followed by further changes in September. This month, these changes passed through Parliament and have now become law. These changes will, by and large, come into effect from 1 July 2017. This means that for a great number of you, there will be various planning issues […]