GENFOCUS MASTERCLASS27 MARCH 2019 Facilitated by Rod Morrison of Define Potential Winning business and achieving better outcomes from your key suppliers are just some of the areas this class can help with. We encourage you to register for our first session to sharpen your business discussions ... READ MORE
News + Events
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Why do they say Cashflow is the real king? And where is mine?
‘My business is very profitable, but we never seem to have enough cash in the bank to pay our bills' The ‘signs’ of a healthy business are not just turnover and a healthy profit. Business owners will often say to us ‘My business is very profitable, but we never seem to have enough cash in the ... READ MORE
Has COVID-19 devalued your business?
If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it ... READ MORE
Alert: What you need to tell the ATO about your SMSF
The 1 July 2017 superannuation reforms introduced a new reporting regime for funds. Funds now need to advise the ATO of key events within the fund that impact on retirement income streams (pensions): When you start a pensionWhen you stop a pension or take a lump sumWhen the fund accepts a ... READ MORE
Franchisors responsible for vulnerable workers
The Government has stepped in to protect workers following months of controversial headlines uncovering poor record keeping, questionable workplace practices and exploitation, underpayments, deception, and superannuation guarantee fraud by employers. The Protecting Vulnerable ... READ MORE
Safe harbour for directors of struggling companies
Australia’s insolvent trading laws impose harsh penalties on directors of companies that trade where there are reasonable grounds to suspect that the company is insolvent. Criminal and civil penalties can apply personally including penalties of up to $200,000, compensation proceedings by creditors ... READ MORE
Tax benefits for investing in affordable housing
In the 2017-18 Federal Budget the Government announced a series of measures intended to improve housing affordability in Australia. To entice investors, the Government is providing an increase in the CGT discount for individuals who choose to invest in affordable housing. The draft ... READ MORE
The JobMaker Hiring Credit
Inside The JobMaker Hiring Credit. 3 What is JobMaker?. 3 JobMaker Eligibility. 4 Who is not eligible for JobMaker?. 5 How to register for JobMaker. 6 The JobMaker employee notification. 6 Calculating baseline headcount and payroll 6 How is baseline headcount calculated?. ... READ MORE
FBT 2022
FBT updates and problem areas Assistance and benefits provided due to COVID-19Motor vehicle problem areasMismatched FBT and income tax amountsBusiness assets personally used by owners and staffNot lodging FBT returnsSalary sacrifice and superannuation guaranteeCar parking changesTravelling or ... READ MORE
The 2022-2023 Budget Update
This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Contents For you & your family. 6 Temporary reduction in fuel excise. 6 Low and middle income cost of living tax offset increase. 6 $250 cost of living payment. ... READ MORE