- 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.
- March 12, 2020
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
- February 28, 2020
Rebecca Woolstencroft – CA/GAICD Chief Executive Officer/Director discusses Responsible Investing. What does it really mean, Why should you consider this type of Investment
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your SMSF is in safe hands with MB+M.
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