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 →
An increasing number of investors are now looking to invest sustainably. With multiple sustainable investment strategies it’s not always easy to immediately distinguish the differences between them. It is up... read more →
It is human nature to overreact. When things are going well, we feel that nothing can stop us. And when things go bad, we look to take drastic action. Since... read more →
Transferring the ownership of assets from one party to another will typically attract CGT. However, in the event that a change in ownership occurs due to the breakdown of a... read more →
In response to the social distancing and sanitary requirements of COVID-19, it has become common for businesses to provide additional cleaning and courier services to customers. As a result, many... read more →
With the date for the Federal Budget 2020-2021 being delayed until 6 October, the Treasurer Josh Frydenberg today provided an update on Australia's economic and fiscal outlook.Mr Frydenberg revealed the... read more →
If you performed some of your work from your home office during the 2020 financial year, you may be able to claim a deduction for the costs you incur in... read more →
Sharemarkets are the most volatile they’ve been in the past 20 years. Increased uncertainty, fear, forced and panic selling, as well as reduced liquidity, are all contributing factors to currently... read more →
The Federal Government has announced a $17.6 billion economic stimulus package in a bid to keep Australians in jobs as the economy takes a hit from the spread of coronavirus.... read more →
The share market decline since the peak of 20 February 2020 has been fast and brutal. Immense fear has now engulfed the market just like it has engulfed society through... read more →
Businesses that provide benefits to employees during an emergency situation are likely to have assistance costs be exempt from fringe benefits tax (FBT). It is worthwhile to know what kinds... read more →
Introduction A superannuation interest is considered ‘property’ for the purposes of the Family Law Act 1975 (Cth) (‘FLA’). Thus, it may be split in a similar manner as the parties’ other assets... read more →
Protecting your superannuation - Further changes to insurance in super is now law. Did you know that superannuation fund members under the age of 25 and members with balances below... read more →
Whether it's the terrible impact from the recent fires, the economy, personal issue or other setback, bouncing back from setbacks is a key skill for business owners as things don’t... read more →
The New Year is a good time to reflect on the past year and focus on goals for performing better in the year ahead. In particular, it is a great... read more →
As the holidays approach, so do the overseas workers wanting to experience an Australian summer. Australia employs approximately 100,000 working holiday makers each year. Any employer can hire working holiday... read more →