Don’t be Scammed by ATO Pretenders

Be aware of the types of scams that claim to be from the ATO or other government organisations.

We advise all clients to be extremely wary of phone calls, emails or SMS claiming to be from the ATO, as these are often scams that trick you into providing personal or financial information.

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The Importance of Succession Planning

In our latest newsletter, learn about the importance of succession planning to create a smooth transition for the new owner of your business, whilst simultaneously maintaining the performance of the business.

By planning your exit strategy early, a business owner can maximise the value of the business and help it to meet the future needs.

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R & D Tax Incentive

The Research and Development (R&D) Tax Incentive is a generous government initiative that encourages Australian businesses to engage in R&D activities.

Snapshot of the R&D Tax Incentive:

It is open to all companies in all sectors that are conducting eligible R&D activities (trusts, partnerships and sole traders are not eligible – ask us how you can restructure to take advantage of the R&D tax offset)
Companies may receive a 43.5% refundable tax offset if their aggregated turnover is less than $20 million
For companies with an aggregated turnover of greater than $20 million a 38.5% non-refundable tax offset is available

A company must incur R&D expenditure of at least $20,000 in an income year to be eligible to claim the R&D Tax Incentive

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New (Financial) Year’s Resolutions!

A very happy new financial year to our clients and friends!

As accountants, we’re typically more excited about the start of the new financial year than we are about the start of the calendar year.

The 1st of January is well known for personal New Year’s Resolutions. We’ve all made them, and most likely broken them. They sometimes last a week, or potentially a lifetime.

If we make personal New Year’s resolutions on the 1st of January, why not make business and financial New Year’s resolutions on the 1st of July?

There are many financial and business goals that can be worked towards…

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