Improving cash flow

Want to improve your cash flow? Not much of a question really – of course you do. For some it is easy as making it easier for your customers.  For those providing a good or a service, it can be as easy as taking payment upon or before delivery.  And for some this can be

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Family Tax Benefit Part A

Those with family incomes under $53,728 receive the full amount of Family Tax Benefit Part A – that’s $4,753.84 for a child under 13, $6,184 for a child aged 13 to 15 as well as for those children aged 16 to 19 who met study requirements. That’s a lot of money.  In fact for a

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Single Touch Payroll

Single Touch Payroll will apply to all employers from 1st July 2019.  Whilst extensions have been offered we recommend not relying on them in the majority of cases as it will create more work later. There are a number of things to do and matters that as an employer you need to have in order

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Contractor or employee?

Contractor or employee? You better get it right as the implications for doing so can be financial crippling.  And then there is the time and mental frustration of dealing with such disputes. The critical thing is to get the classification right. You then have to get the right documentation in place. If they are an

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$30000 instant asset write off trap

There are a few traps with the $30000 instant asset write off trap to be wary of. To qualify you need not only to buy the asset but have it installed ready for use before 1st July 2019. And please note that this increased threshold only applies to asset acquired after Budget night (2nd April).

A Budget warning

A Budget warning!  A Federal Budget is only a series of announcements. No announcement has effect until it is legislated.  For that to happen, a bill must be passed by The House of Representatives before being passed by the Senate.  From there it is effectively a formality for abill to receive Royal Assent. That all

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$30,000 instant asset write-off

It was announced in the Federal Budget on Tuesday night that the instant asset write-off threshold would be increased to $30,000. Well the $30,000 instant asset write-off has already passed both houses of Parliament.  It now just awaits royal asset (which is a formality). Please note that this limit only applies to assets bought AFTER 2nd April 2019.

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Don’t jump too early?

So we have a Budget being delivered (one month early) tomorrow night. And we have a Federal Election due next month. It seems as though we will have a change of government. One would therefore tend to pay more attention to Labour’s announcements than those from the Coalition.  It also could be that Labour have

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LRBA’s to go?

LRBA’s to go? Labour says so according to the Shadow Treasurer Chris Bowen. Missing from the statement is how this and all the other proposed changes  to super are going to further limit one’s ability to provide for one’s own retirement. It flies in the face off all initiatives made between 1983 and 2006 –

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Cash flow troubles

  Xero has just released its big data cash flow analysis of it users from January. Xero in its Small Business Insights has reported that 50.12% of its users were cash flow positive in January. This means that just on every second business consumed more cash than came in during that month.  And that is

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