Important notes for October 2019
Free Seminar: Aged Care - Know Your Options
Aged Care is a sensitive and complex topic, and unfortunately it's also something that everyone will have to face at some point in their
lives - either as a choice to make for themselves, a parent or their partner. You do have a choice, and it's incredibly important
to know the options available to you - regardless of your age!
So we provide the ultimate information point for you to educate yourself on the choices available to you and your family, and the steps you can take now to ensure the best outcome for your loved ones later.
This seminar is free, and open to all. Even if it seems like Aged Care is not relevant to you yet, it is so important to be prepared.
Tuesday 15 October
6:30pm - 8:30pm
Aintree Group, Level 1 273 Camberwell Road, Camberwell
Are all your SMSF eggs in the one basket?
The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny from the ATO, who are contacting 17,700 trustees about a lack of asset diversity. The ATO is concerned that, “a lack of diversification or concentration risk, can expose the SMSF and its members to unnecessary risk if a significant investment fails.” Please note - this does not mean that you must have diversity in your fund. A lack of diversity might be a strategic decision by the trustees but you need to be able to prove that the strategy was an active decision. We highly recommend you talk to a trusted advisor about your SMSF and make sure you're in the loop about the strategies in place in case the ATO comes knocking.
Funding opportunity for manufacturers!
The "Manufacturing Modernisation Fund" provides small and medium manufacturing enterprises with co-funding of between $50,000 and $1,000,000 for capital investments and re-skilling to modernise manufacturing processes, adopt new technologies, become more productive and create jobs.
From the Bean-Counter Blog
Wealth economist Emmanuel Calligeris explores the impact of interest rates dropping towards zero.Read More…
Don't assume that just because your foreign income has already been taxed overseas or qualifies for an exemption overseas that it is not also taxable in Australia! Make sure you're reporting any overseas income correctly!Read More…
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect sense in the real world does not always make sense for the ATO.Read More…
Barely half of Australian small businesses were cash flow positive in June 2019. Here's one area you can focus on to help stay out of the red.Read More…
Key Dates & Deadlines
Sunday 6 October - Daylight Savings Time Starts
Monday 7 October - Victorian school term 4 begins
Tuesday 15 October - Aged Care Seminar
Monday 21 October - September monthly BAS due
Monday 28 October - September quarter Super Guarantee due
Monday 28 October - September quarterly BAS due
Monday 28 October - September quarter PAYG instalment due
Thursday 31 October - 2019 Income Tax return due
Thursday 31 October - Halloween
Tuesday 5 November - Melbourne Cup Day (Office Closed for Public Holiday)
How can we make your life easier?
It's our mission to be able to make your life easier across the board (not just with tax), and help you work through life's tough
decisions. Next time you're deliberating about an investment, wondering how you can grow your revenue, considering your plans for
retirement, stuck deciding who to set as your power of attorney, or even looking for some marketing advice - get in touch!