Gail Kelly As she departs the most senior office of Westpac, I have the utmost respect for Gail Kelly and what she has achieved at the bank, as a person, a woman in business and a leader. She worked with one of my great role models and corporate inspirations, Steve McKerihan the previous CFO of…
DetailsLeveraging technology Technology is incredible how it has enabled business to function on such a mobile basis. We just held a conversation with a client who is currently working in Tokyo. Working together to resolve ad-hoc issues through XERO online software and internet banking was so easy. Further to this, we often work remotely via…
DetailsSomeone’s sitting in the shade today because someone planted a tree a long time ago. — @warrenbuffett
Death is not a comfortable topic for anyone who has to face the reality of their own passing. However it is in the best interests of individuals and their family members to consider this topic and have a plan in place. A plan does not need to be complex however elementary steps can be taken…
DetailsThe ATO have recently released a webinar on contractors and consultants – https://www.ato.gov.au/Business/Bus/TB12—Tax-basics-for-small-business-transcript—Issues-for-contractors/. From our experience dealing with small business owners and their staff, this is quite a grey area for both employers and employees. Common questions for employers – do I pay superannuation to the contractor/consultant? Am I liable to pay worker’s compensation insurance…
DetailsIf you own a rental property and wish to maximize the benefits of negative gearing, a quantity surveyors (“QS”) report may be worth consideration. For residential buildings that were constructed after 18 July 1985, you may be able to generate a capital allowance deduction on the value of construction. Furthermore you may be eligible to…
DetailsIf you get paid an overtime meal allowance under an industrial instrument (such as an award) and buy food and drink on overtime, you can claim reasonable allowance amounts set by the Australian Tax Office (ATO) for overtime meal allowance expenses without having to keep records. For the year ended 30 June 2014 for those…
DetailsNAB and CBA have set their 5 year fixed interest rate at 5% – a leading signal about the direction of our economy. Time for risk assets or saving? This transitional post-mining boom period will be an interesting one.
Be informed that all employers are required to issue PAYG payment summaries to their employees for the year ended 30 June 2014 by 14 July 2014 (today).
