We have some exciting news!


Dear Aintree Group Community,

This month we're looking forward to a very exciting new change for Aintree Group - we're moving into a wonderful new office space! (We're not venturing very far from our current location).

We have been getting a little tight on space recently, so from Monday 15 October 2018, you will find us at Level 1, 273 Camberwell Rd, Camberwell 3124 - right near Camberwell Junction.

If you're curious, there are more details below, including our "moving day" and how we will be operating during this time.

Kind regards,

Shane McKenna
Director


Contents:

  • Our new office! 
  • Upcoming key dates.
  • Changes to company tax rates. 
  • Recommended reading this month.
  • Getting your feedback!


Keep in touch online...
  

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From Monday 15 October 2018 our new address will be Level 1, 273 Camberwell Rd, Camberwell 3124.

Our contact phone number, 03 9851 7999, will remain the same. 

We will be closing our Kew office on Friday 12 October 2018. We’ll be open for calls and emails at Kew until 12pm, but after this time we will have all hands on deck unplugging computers and phones and filling boxes ready for the move to Camberwell.

If you need to reach us by phone urgently on Friday 12, Saturday 13 or Sunday 14 October, you will need to call 0401 843 230 where you can leave a message.

We anticipate being back up and running by midday on Monday 15 October, obviously there may be unexpected issues, so please bear with us if you can’t reach us on the office phone number, the number above will remain active and you can be assured we will have that number attended during office hours.

Fortunately, because 90% of our business is conducted in the cloud, all we need is a computer and a wifi connection to make sure we can still provide you with the Aintree Group service, we anticipate very little downtime.

We'd like to thank you for your support and cooperation during this very exciting period of change for our business. If you have any questions, feel free to get in touch!


Key Dates 2018:

08 October - Term 4 begins for Victorian schools.
12 October - Aintree Group office closure from 12pm, reach us urgently on 0401 843 230.
15 October - Our new Camberwell office opens!
22 October - September Monthly BAS due.
29 October - September Quarter Super Guarantee due.
29 October - September Quarterly BAS due.
29 October - September Quarter PAYG instalment due.
31 October - Halloween


Company Tax Rate Changes


Legislation passed by Parliament in late August introduced a new test that will restrict some companies from accessing the lower company tax rate from the 2017-18 financial year.

For the 2017-18 income year, the lower company tax rate of 27.5% is available to ‘base rate entities’. This means a company that had an aggregated turnover of less than $25 million and no more than 80% of its assessable income for the year was classified as “base rate passive income” (which includes things like rental income, interest and some dividends).

While the new $25 million turnover threshold is good news for many companies, the new passive income test will create a problem for others and potentially move them from the reduced rate to the higher general 30% company tax rate. This also has an impact on the maximum franking rate that applies to dividends paid by companies in the 2018 income year onwards.

Read more...


Recommended Reading:

How proper succession planning can save your business

How proper succession planning can save your business

When everything is going well, creating and maintaining a succession plan might not seem like a top priority. However, it is a critical element when thinking strategically about your business.
Read More
Tax implications of car sharing (and other "side hustles")!

Tax implications of car sharing (and other "side hustles")!

The ATO is keen to point out that income from sharing services is not a hobby and needs to be declared.
Read More
Getting a payment plan from the ATO

The Casual Conundrum

Employers note: the description of an employee as a casual, and payment of a casual loading, will not necessarily mean that the employee is in fact a casual.
Read More


 


Getting your feedback and sharing the love!



If you're happy with the work we do for you, we would truly appreciate it if you could share that so other people can see what we're all about! 

A quick and easy way to do that is by leaving a google review. You can leave a google review by clicking here and logging into your google account. 

If you don't have a google account but you'd still like to help us get the word out about our services, there is always the option to write a short testimonial for Aintree Group and send it through to our team. And feel free to refer people in your network who you think would benefit from our advice and support!

If you think we have some things to work on, we're always looking to learn and improve. You can fill in our online client satisfaction survey and give your feedback on how we've been tracking. 


Need to get in touch?



P 03 9851 7999
E info@aintreegroup.com.au

Download our app!