Tag Archive: accounting

Scott Morrison’s First Budget Very Illiberal

Max Newnham - 3 May 2016

There are a number of nasty shocks in the 2016 federal budget that unfortunately probably outnumbered some of the pleasant surprises. There are some massive changes to superannuation and small changes to small business concessions and tax rates.The biggest shock was Scott Morrison proving that he would make a good Labor party treasurer with the introduction of a number of…

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How The Self Employed Are Disadvantaged By The Income Test

Max Newnham - 4 Sep 2015

The income test for the age pension seriously disadvantages those s who are self-employed. A self-employed person earning $10,000 a year receives $3250 less in pension than a person that is employed. There are however ways that the impact of test can be reduced. The income test is made up of two thresholds that change each quarter. Income counted by…

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SMALL BUSINESS AND THE 2015 BUDGET

Max Newnham - 14 May 2015

There were a number of changes announced in the 2015 federal budget that will affect our clients including small business owners. As is usually the case there are different start dates for each of the measures announced. The tax cuts and other incentives included in the budget for businesses are only available to those that qualify as a Small Business…

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Risky business: companies and trusts

Max Newnham - 5 May 2015

There are many risks associated with running a small business, but the financial impact of some of these can be reduced by taking out insurance. There are other risks that can result in the personal assets of the business owners being attacked in the event of a business failing or as a result of legal action. A business owner or…

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