A new car, a new way
A novated lease is an agreement with your employer and a finance company that allows you to lease a new or used vehicle through salary packaging. This means that part of the vehicle purchase and all running costs are paid for with your pre-tax income, making the arrangement very attractive in some cases. In determining […]
Rumour has it…
There are significant rumours that the Budget in May will have an impact on superannuation benefits and contributions. Commentators are suggesting a hat trick hit to the high income earner. That being a further 15% tax on contributions (Div 293 tax), as well as reducing the income threshold from $300,000 to $180,000 and restricting contributions […]
Going the Extra Mile…
The most common method of claiming car expenses is the set rate method aka the ‘cents per kilometre method’. It’s simple, easy and in the eyes of many a taxpayer absolutely brilliant as no receipts or log book are required. All you need is a reasonable basis as to how you arrived at the amount […]
Are YOU Protected?
Last week we were proud to host some of our clients for an in-house seminar on the Personal Property Securities Register or ‘PPSR’. Many who attended were surprised to find the various ways the PPSR applies to their business and the importance of being ‘in the know’. A big thanks to Jay Clowes from Fishburn […]
Workers Compensation Insurance Premiums
These premiums are based upon wages paid by your organisation. Included in wages paid would be: Wages Commissions Allowances Superannuation Payments to subcontractors who are deemed employees Dividend or trust distribution to owners in lieu of wages. Auditors are engaged by the insurers to from time to time verify your declarations. We are often asked what […]
The “Sandwich” Generation
Australia has an aging population. There are any number of reasons for this but the one that we are concerned with here, is that we are living longer and have produced a new generation – the “sandwich” generation. Baby boomers that are sandwiched between the commitment of rearing their offspring and seeing their aging parents […]
My Aged Care
Be assured you can’t avoid death and taxes. We regularly talk about taxes but what about death or more politely, getting old. If you have ever had to deal with services for the aged or aged parents, then you will know the minefield that exists out there. Recently the Government has brought everything you need […]
HQB Chartered Accountants MYOB Portal
We are excited to announce the launch of the MYOB Portal. This portal is an electronic facility that allows us to communicate with you via a secure network. In the coming weeks we will invite you to join the HQB Chartered Accountants Portal and by doing so, it will enable us to provide a more […]
SMSF Statistics (That May Surprise You)
Once a year the ATO release statistics on the Australian Self-Managed Super Fund (SMSF) industry. It’s not often that a bunch of numbers from the ATO would be worth writing about but if you are a member of an SMSF or have considered doing so, then read on… Over 1 million Australians are now a […]
PPSR Seminar – Expressions of Interest
The PPSR is a hot topic for the business community at the moment. Many people are not aware of what the PPS Act means to their business. Those in the know can put the PPSR to good use to protect their business, whilst those who aren’t risk getting caught out. If you sell goods or […]