Year End Strategies

The 2019/2020 tax guide for you and your business


Inside:

 

  • Major changes to instant asset write-off
  • 2020 end of financial year checklist
  • Rent relief for commercial tenants
  • Tax tips for property investors
  • And more


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Business Matters Special COVID-19 Edition - 

The JobKeeper Payment Scheme

  • What is the JobKeeper Payment?
  • When is an employer eligible for the JobKeeper Payment?
  • How to measure whether the turnover of a business is $1 billion or less?
  • Establishing whether the projected GST turnover of a business has fallen or is likely to fall
  • Identifying who is an 'eligible employee'
  • Employers must pay eligible employees at least $1,500 per fortnight - the 'wage condition'
  • More flexibility for employers receving the JobKeeper Payment under the Fair Work Act 2009
  • When can a busines claim the JobKeeper Payment for a business participant?
  • Common questions associated with the JobKeeper Scheme

 

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Business Matters Special COVID-19 Edition - 

Home Office Running Costs

 

  • ATO announces short cut method for claiming home office running costs
  • AT's 80 cents per  hour method covers all running costs

 

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Business Matters Special COVID-19 Edition - 

Child Care Relief Package

 

  • Chid care & early childhhod education relief package

 

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Business Matters Special COVID- 19 Edition - 

 Government Stimulus Package #2

  • Income support for Individuals and Sole Traders
  • Guaranteed loans up to $250,000
  • SME Wage Subsidies up to $100,00
  • Banks stepping up
  • Temporary relief for financially distressed businesses
  • Increasing the instant asset write-off
  • Backing buiness investment
  • Supporting apprentices and trainees
  • Early access to Superannuation

 

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7 Things you need to know about covid-19

 

  • What is COVID-19?
  • What is the Australian Government doing about the situation?
  • Will the stimu;us package affect individuals and households?
  • Will the package offer support for your business?
  • Is any tax support for business included in the package?
  • What are your WHS obligations?
  • What's next for your business?

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End of Year Update

2020 vision, planning for the new year

Inside:

  • Securing your business over the break
  • Hiring working holiday makers
  • Holiday travel and estate planning
  • Don't burn out before the holidays
  • And more!

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Business Matters Q4 2019

Deduction rules for small businesses

Inside:

  • New industries included under TPAR
  • Reestablishing lost or damaged records
  • A deed or an agreement
  • And more

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Profit Matters Autumn 2020

Helping you realise your full profit potential

Inside:

 

  • Managing your staff under COVID-19 circumstances
  • How to start and grow your own business blog
  • Avoiding project failures
  • Business credit card vs small-business loan
  • And more

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Profit Matters Summer 2019

How to best prepare for a business loan

Inside:

  • Avoiding non-paying clients
  • Negotiating a business deal
  • Sales strategies for 2020
  • Find you business niche
  • And more

 

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Wealth Matters Issue 49 2019

Returning to work after accessing your super

Inside:

  • What to include in your succession plan
  • Tax on superannuation death benefits
  • Strategic vs tactial asset allocation
  • And more

 

 

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Year End Strategies

The 2018/2019 tax guide for you and your business

Inside:

  • Essential record keeping at year-end
  • Tax tips for property investors
  • 2019 end of financial year checklist
  • Getting PAYG withholding right
  • And more

 

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Super Matters Issue 23 2019

Superannuation Strategies for You and Your Business

Inside:

  • Super laws for concessional contribution caps updated
  • Who is a 'related party' in SMSF?
  • Proactive consolidation with ILBAs

 

 

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7 Things you need to know about being a company director

  • What is a director?
  • What are the duties of directors?
  • Who is considered to be a director?
  • The role of a non-executive director
  • How to meet your resposibilities as a director
  • How many directors are on a board?
  • What to do before becoming a director


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How to get the most out of your accountant

Accountants aren't just there to help you get your tax return out of the way. The right accountant will offer you valuable financial insights that will improve your decision-making process. Many people fail to realise just how useful their accountant's input can be, and are missing out on a wealth of good advice. We've compiled some information to help you understand how you can get the most out of your accountant.

 

 

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Call Macmillans - Accountants Maitland on 02 4933 4444 for all your business and personal accounting needs.

 

 

Are you eligible for the small business income tax offset?

The small business income tax offset can be used to reduce the tax you pay by up to $1,000 a year. Also known as the unincorporated small business tax discount, the offset is worked out on the proportion of tax payable on your business income. The rate of offset is 13% for the 2020-21 financial y...
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Debt financing vs equity financing

Gathering funding is a challenge that almost all business owners face at some point. Financing can come in two forms – debt financing and equity financing. Debt financing is money that you borrow and plan to pay back within an agreed time frame and interest rate. Common forms of debt financing ...
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Macmillans - Accountants

Address:40 Church Street

Maitland NSW 2320

Phone:02 4933 4444

Fax:02 4933 7781

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