- August 07, 2020
If you’re struggling to meet your current ATO deadlines and commitments please reach out. Read further to understand what options are available to ease the pressure from the ATO and what the ATO Support For Stage 4 Restrictions in Victoria means.
- May 12, 2020
For investors in equities, or considering purchasing equities, the current environment of massive market swings is creating much angst. What is ahead of us? Do we head to the safety of property, cash or even gold? Share market timing is hard.
In this article we attempt to provide some answers, insights and some very credible advice from Shane Oliver, Chief Economist and Head of Investment Strategy at AMP.
- April 29, 2020
These are the most trying of times and something none of us have experienced before. Coping daily brings many challenges; whether it be how to establish a work setting at home, dealing with the children’s needs, stresses on relationships, and many other factors. In this article, Going Crazy In Isolation – Some Tips To Help, Amy Marshall shares her personal experiences, how she has adjusted to the “new normal,” and her tips that could help you through this current crisis.
- April 07, 2020
While under normal circumstances there is a requirement that SMSF rentals to be at proven market rates, but due to the financial effects of the coronavirus pandemic the ATO has given permission for SMSFs to reduce the rent for the 2019/20 and 2020/21 financial years.
This means that SMSFs that own commercial premises leased to a related party have some relief from the impacts of COVID-19.
- April 06, 2020
Occasionally we come across articles, or posts that we believe could interest others, this is one. This article is written and published by Julia Hobsbawn (more details in the article) and appeared on LinkedIn on Ist April. Julia talks about six key elements. To quote her: “We focus less on the complexities of modern life – ambition, careers, money – and more on the simple essentials: Love, community, survival.” We hope you enjoy the article.
- March 30, 2020
If you’re like many others right now, it’s difficult to find the positive. What follows are ideas on how to find some practical positivity in this turbulent time, which I’m using for my business. Point one is a doozie, I had my cry last week and now I feel recharged and ready to help as many people as I can. What follows is a framework you could consider helping you guide your way for the challenging time for your business. As usual MB+M is here to help if you have questions about using this process. You Can contact me on 03 5821 9177. Rebecca Woolstencroft – CEO/Director
- March 18, 2020
The Federal Government has announced a $17.6 billion stimulus package to counter any economic downfall that may be caused by COVID-19 (coronavirus). The measures have the potential to provide significant cash flow to business taxpayers in the short term, funded predominantly through the tax system. The package includes: 1.Instant asset write-off threshold increase to $150,000; 2.Accelerated Depreciation Deduction; 3.An instant asset write-off extension; 4. 50% Asset investment incentive; 5. Cash payment to employers of between $2,000 to $25,000; 6.50% wage subsidy for apprentice’s or trainee’s wages; 7. support to regions and communities impacted by the coronavirus, including ATO payment support; and; 8.One off $750 payment to certain concessional recipients. Due to the limited time in which the package applies, taxpayers should immediately consider whether they qualify for these measures and the impact of each of the measures on their business and cash flow.