Office real estate is undergoing a fundamental shift, while COVID-19 has accelerated a number of global real estate investment trends, including the continued growth of e-commerce and falling home ownership.... read more →
Businesses should aim to move towards digitising their tax, super and employee related documents as per recommendation by the ATO. Digital record-keeping has many advantages: • Streamline accounting practices by... read more →
Our Head Office has today moved from King Street, Newcastle, to new purpose built offices at 484 Hunter Street, Newcastle. All of our phone numbers, emails and PO Box will... read more →
Knowing what type of legal expenses are tax-deductible is valuable information when it comes to budgeting and allocating funds for emergencies. Legal expenses that pay for business operations integral to... read more →
Cultivating a small business beyond its initial customer base can be very challenging. These are some things you can do to grow customer base and your business income. Get to... read more →
Investing your money is a great way to grow your wealth, but it can be intimidating to someone who is starting fresh. Investing is unique to each person because of... read more →
Signs of growing revenue and profits are ones that indicate your business is succeeding. This does not reduce the importance of continually making small changes that will improve profitability of... read more →
Businesses should review their yearly financials and aim to create a budget which reflects any adjustments that need to be made. Gaining a good understanding of your revenue is the... read more →
With the challenges that have been faced during COVID-19, we have given a $3,000 donation to a Newcastle not-for-profit charity organisation called "Survivors R Us Incorporated". This registered charity primarily... read more →
At the end of the year, it is important for businesses to set time aside to reflect and ensure a strong finish and a fresh start. • Review last year’s... read more →
The end of the year is an excellent time to review the year and start preparing for changes that could be useful in the future. Review your documentation Utilise this... read more →
2020 NSW BUDGET HIGHLIGHTS Treasurer Dominic Perrottet delivered his fourth budget for the Berejiklian government on Tuesday 17 November 2020, revealing a $16 billion deficit – the first in almost... read more →
Employers may want to reward their employees with gifts during the holiday season but may be concerned about whether fringe benefit tax (FBT) applies. As a general rule, minor benefits... read more →
The government recognises that despite support to get through the COVID-19 outbreak, not all businesses are going to remain viable. Many small businesses will have significantly increased levels of debt... read more →
A question that I often get asked is "what type of business structure should I have?" It's an important decision to make before you start a business. This will reflect... read more →
Sustaining your business during an economic downturn comes with financial and managerial pressures you may never have had to deal with before. The following are four key measures you can... read more →
Legislation was released last week giving effect to the extended JKP Scheme. PAYMENT RATES First extension period - 28 September 2020 to 3 January 2021 ($1,200 or $750) Employees who... read more →
We have pleasure in enclosing a summary of the significant announcements from the Federal Government's 2020/21 Budget. Please call your LT accountant to discuss how these changes apply to your individual... read more →
Business activity statements (BAS) may require adjustments from time to time if their net GST liability changes or is incorrect. An adjustment needs to be made in the event that... read more →
Getting the balance right between a safe spending rate and having enough income to enjoy retirement takes some careful planning. Investing for a reasonable return is one approach to helping... read more →