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cash flow management

Cash is the lifeblood of every successful business; insufficient cash will cause a business to fail and strong cash flow will allow a business to thrive and grow.  Read more…

Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a wage subsidy from the Government to continue paying their employees .  Read more…

land tax relief for landlords from the victorian government

Premier Daniel Andrews announced a $500 million package on 15 April 2020, aimed at giving certainty to residential and commercial tenants and landlords, while they struggle with the unprecedented economic disruption caused by the coronavirus pandemic .  Read more…

We were reviewing the eligibility criteria for $100K Cash flow Boost for employers and came across some additional eligibility requirements in relation to up to date lodgements.  Read more…

Business Support Fund

On 21 March 2020, the Victorian government announced a three stage $1.7 billion assistance Economic Survival Package to help Victorian businesses and workers survive the devastating impacts of the coronavirus pandemic.  Read more…

ready for the downturn

It is now inevitable that the Australian economy will experience a harsh downturn as a result of the measures necessary to deal with the coronavirus pandemic. As a business owner and leader, it is imperative that you plan how you will proactively respond to this challenge.  Read more…

planning for the federal governments economic stimulus packages

While the full economic effects from the coronavirus remain uncertain, the outlook has deteriorated since the Government’s initial Economic Response announced on 12 March 2020. The spread of the virus worldwide has broadened and is expected to be more prolonged.  Read more…

covid 19 faq for employers 25 march 2020

Many business owners are becoming increasingly concerned and unsure of what to do in relation to the Coronavirus.  Read more…

economic stimulus packages by australian states territories in response to covid 19

Following our last Economic Stimulus newsletter outlining the Federal Government economic stimulus package aimed at supporting confidence, employment, and business continuity in the wake of the unfolding COVID-19 situation.  Read more…

Following our last Economic Stimulus newsletter outlining the Federal Government economic stimulus package aimed at supporting confidence, employment, and business continuity in the wake of the unfolding COVID-19 situation.  Read more…

planning for the economic stimulus package

The Morrison Government announced a $17.6 billion economic plan on 12 March 2020 to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the coronavirus.  Read more…

Calculating Super Guarantee: The new rules

From 1 July 2020, new rules will come into effect to ensure that an employee's salary sacrifice contributions cannot be used to reduce the amount of superannuation guarantee (SG) paid by the employer.  Read more…

Legislation that passed through Parliament last month prevents taxpayers from claiming a deduction for expenses incurred for holding vacant land. The amendments are not only retrospective but go beyond purely vacant land.  Read more…

The Government has resurrected its plan to remove access to the main residence exemption for non-residents – a move that will impact on expats and foreign residents.  Read more…

Super Guarantee Amnesty Resurrected

The Government has resurrected the Superannuation Guarantee (SG) amnesty giving employers that have fallen behind with their SG obligations the ability to "self-correct." This time however, the incentive of the amnesty is strengthened by harsh penalties for those that fail to take action.  Read more…

The Reserve Bank of Australia is reduced interest rates again to historic lows. Easton Wealth economist Emmanuel Calligeris explores the impact.  Read more…

The ATO's recently released interpretation of the tax treatment of capital gains distributed by an Australian discretionary trust to non-resident beneficiaries will have a significant negative impact for some.  Read more…

The $11.1bn small business tax shortfall

Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated 'tax gap'.  Read more…

It's not uncommon for landlords to be confused about what they can and can't claim for their rental properties. What often seems to make perfect sense in the real world does not always make sense for the Australian Tax Office (ATO).  Read more…

Are all your SMSF eggs in one basket?

The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity. Read more…

ATO take 'gloves off' on overseas income

Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that underreporting of foreign income is an issue but this time the gloves are off.  Read more…

The recent income tax cuts that passed through Parliament do not mean everyone automatically gets $1,080 back from the Government as soon as they lodge their income tax return. Read more…

From 1 January 2020, the Government intends to restrict the value of cash payments a business makes or accepts to amounts under $10,000. Ignoring the limit will become a criminal offence with penalties of up to 2 years in prison and/ or $25,200*.  Read more…

Weirdest tax deductions revealed

Would you claim the Lego you bought for your kids throughout the year as a tax deduction? One taxpayer did and it made the Australian Taxation Office's 2018-19 list of most unusual claims.  Read more…

Sale of Marand Precision Engineering

A huge congratulations to our clients, the Ellul Family, on this landmark deal.

Our Corporate Advisory team lead by our Directors, Anthony Dobbyn and Mathew Skelley, are proud to have been a part of this exciting transaction in collaboration with Gadens and KPMG Australia, to facilitate the sale of Marand Precision Engineering to CHAMP Private Equity.

 

A press release issued by Marand Precision Engineering regarding the transaction can be read here.

  

Read the full Australian Financial Review article here  Read more…