Where to invest in a rising interest rate economic environment

What effect does rising interest rates have on a company’s share price? If interest rates rise and a company has debt, servicing that debt will be more expensive. Assuming that sales and expenses remain similar to the previous financial year, the company’s profit will decline. If its profit falls, its value or share price will […]

Is your business eligible for new grants and support from the NSW Government?

To access the assistance your business must; Have an aggregated annual turnover of between $75,000 to $50 million for the 2021 financial year, and Experienced a decline in turnover of at least 40% due to Public Health orders or the impact of COVID-19 during the month of January 2022 compared to the same month in […]

Business Owners – Are you considering providing Christmas gifts to your staff?

The key questions that we are asked this time of year are; will the staff gifts be subject to Fringe Benefits Tax (FBT) and will the provision of the gift to the staff member(s) be tax deductible. Fringe Benefit Tax (FBT) With regard to Fringe Benefit Tax, the Australian Taxation Office (A.T.O.) generally look at […]

Do you operate a business? Are you considering gifting your clients Christmas presents?

As business owners, we like to show our appreciation to clients that have shown us loyalty particularly during these disruptive COVID times. Christmas is the perfect time to acknowledge and demonstrate our gratitude. Better still, even though this is a ‘gift’, your business is entitled to a tax deduction where the ‘gift’ is made to […]

Are you a director of a company?

Due to recent legislation changes, company directors need to obtain a director identification number (director ID) to prevent fraudulent activity and to help curb illegal phoenixing activity. ASIC definition of Illegal Phoenixing Activity Under the new laws, directors appointed on or before 31 October 2021 have until 30 November 2022 to apply, however, directors are encouraged to submit […]

Is your Superannuation in any of Australia’s worst-performing superannuation funds?

As a result of the recommendations by the Productivity Commissioner, the Federal Government has ensured members’ retirement savings are protected from underperforming funds by subjecting superannuation funds to an annual objective performance test based on their net investment returns. The first annual performance review has been concluded and 13 funds have FAILED the test. Please […]