 |
#Everyoneneedsaplan to Budget for Christmas
Posted by G. Dean McKinnon
on 18 July 2018
CHRISTMAS IN JULY?
Maybe, but it is time to start planning for the Festive Season without breaking the bank.
We have some tips on how to avoid the budget going into the 'red' and still enjoy your Christmas and New Year Festivities:
Make a Plan - the key to a successful Christmas is to make sure you plan your expenditure.
Separate Your Cash and Credit Cards - you should separate your cash and credit card expense budgets. Always using a credit card or cash card ...
| Posted in:Financial Planning | 0 Comments |
#Everyoneneedsaplan for a Website
Posted by G. Dean McKinnon
on 20 June 2018
Do you have a Website?
It maybe time to get a Website or upgrade your existing Website.
Do you know what you can claim as a deductible business expense for your website costs?
The expense of a Website falls into 2 categories (according to the ATO Taxation Ruling TR2016/3):
1. Revenue expenses - generally can deduct the total amount in the year the expense is incurred, these include:
licence or subscription fees;
monthly hosting fees;
socia...
| Posted in:Tax | 0 Comments |
#Everyoneneedsaplan for the wage increase
Posted by G. Dean McKinnon
on 13 June 2018
Base rates of pay to increase by 3.5%
The Fair Work Commission has announced an increase to minimum wages after their 2018 Annual Wage Review.
The increase applies to base rates of pay and will start on 1 July 2018.
The new national minimum wage will increase to $719.20 per week (or $18.93 per hour).
What to do next:
Make sure your employee's details are current;
Make sure your employee's are classified in their correct level of exeperience, acco...
| Posted in:EconomicSocial Security | 0 Comments |
#Everyoneneedsaplan for the new Federal Budget
Posted by G. Dean McKinnon
on 16 May 2018
2018 Federal Budget
Want to know how it affects you? Here are the highlights:
Up to $530 tax savings (per peron) for low and middle income earners
$20,000 instant business asset write off has been extended to 30 June 2019
1 year exemption from work test for recent retirees (with less than $300,000 in superannuation savings)
Superannuation fund exit fees have been banned
Home care services and residential aged care funding has increased
...
| Posted in:Tax | 0 Comments |
#Everyoneneedsaplan for tax time
Posted by G. Dean McKinnon
on 9 May 2018
HOW TO GET READY FOR TAX TIME
Here are some tips to make tax time a smoother process:
Get your evidence organised:
Bank statements
Tax deductible expense receipts
Income Protection Insurance
Credit card statements
Rental income statements
Investment property expenses (rates, water, agent fees; repairs)
Dividend Statements
Medical Insurance
Categorise your evidence
Sorting your statements and receipts etc. into categories c...
| Posted in:Tax | 0 Comments |
