SMSF rent relief during Covid-19 crisis
Woolstencroft
  • April 07, 2020

SMSF rent relief during Covid-19 crisis

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.

Simple Inspiration in Times of Trouble
  • April 06, 2020
Simple Inspiration in Times of Trouble

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.

Practical Positivity For You
  • March 30, 2020
Practical Positivity For You

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

Who gets what from the coronavirus stimulus packages?
  • March 18, 2020
Who gets what from the coronavirus stimulus packages?

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.

How to prepare your business for Coronavirus impacts
  • March 12, 2020
How to prepare your business for Coronavirus impacts

Right now, you may be feeling very anxious about potential impacts on you, your family and your business of the Coronavirus.

Health officials are best placed to assisting you with the health aspects, but what about my my business?

Rebecca Woolstencroft, discusses the processes you should consider, such as SWOT Analysis & Forecasting, and associated tools.

She elaborates that using the above will better positioning your business to ride out the impacts of Coronavirus

Responsible Investing – Just for tree huggers?
  • February 28, 2020
Responsible Investing – Just for tree huggers?

Rebecca Woolstencroft – CA/GAICD Chief Executive Officer/Director discusses Responsible Investing. What does it really mean, Why should you consider this type of Investment

READY TO TAKE CONTROL OF YOUR FINANCIAL FUTURE?

Take control today, and rest assured that
your SMSF is in safe hands with MB+M.
Your money, your investment, your decision.

Shepparton

23 Nixon Street, Shepparton, Vic 3630

Numurkah

106-108 Melville Street, Numurkah, Vic 3636

03 5821 9177