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Changes to PAYG and GST instalment notices

The ATO has advised they will no longer issue paper instalment notices for PAYG and GST quarterly instalments once an activity statement or instalment notice is lodged, revised or varied electronically through: a myGov account linked to the ATO the Business Portal Online services for...

JobMaker Hiring Credit: What you need to know

The JobMaker Hiring Credit scheme (JobMaker) is a new government incentive in response to the COVID-19 economic crisis. Eligible employers can access JobMaker payment for each eligible additional employee aged 16 to 35 they hire between 7 October 2020 and 6 October 2021. The program...

Learn how to improve profit with these basic principles

By Michael Fox and Chrisanthe Lekatis So you want to improve the profitability of your business but don’t know where to start? Our aim is to explain the basics to you and let you know what you need to address in order to increase the profit generated by...

Successor Director Is Crucial To Your Business. Learn Why!

Many small to medium businesses are advised to have a family member as the operator (Director) of the business and risk-taker associated with the company whilst your partner or a family trust or similar hold all assets for the family. This commercial advice is based on...

This renovation tip can save you thousands

Renovating an investment property is different to renovating your own home. Whether the renovation is big or small, you will be taking a head over heart approach and doing what will help you improve your return on investment. Claiming depreciation deductions on the assets installed during...

Family Business Succession Ep 7: The guidance of a family office to build future opportunity

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation="" box_shadow_on_row="no"][vc_column width="2/3"][vc_column_text]This is the seventh and final podcast, in a series of seven, where we interview our very own expert (and Managing Director), Michael Fox. As you very well know by now, if you have been following our series,...

Family Business Succession Ep 6: Planting a seed beyond the family enterprise

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation="" box_shadow_on_row="no"][vc_column width="2/3"][vc_column_text] This is the sixth blog, in a series of seven, where we talk about successful family businesses and, especially, when transitioning to the next generation. We talk, in-depth, with our resident family business expert, Michael Fox. As our...

Christmas tax tips

It's that time of the year again - Christmas countdown has begun! Whilst parties might be off the agenda for some Australian businesses this year due to COVID-19, employers may want to give Christmas gifts to their employees, contractors and clients. An important part of...

Family Business Succession Ep 5: Unpacking family business succession by aligning values

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation="" box_shadow_on_row="no"][vc_column width="2/3"][vc_column_text] This is the fifth blog, in a series of seven, where we talk about achieving succession and wealth for the next generation. In this interview with our Managing Director and resident family business expert, Michael Fox, he talks...