In the face of increasing losses and concerns of the financial sustainability of insurers, the Australian Prudential Regulation Authority (APRA) has required insurers to commit to several changes to income protection products as of October 1st, 2021.
With 30 June fast approaching and trustees working through year end distribution plans, its timely to reflect on some key issues that should help ensure that decisions made are effective. First and most important rule? The first and most important rule when working with trusts is to read the deed, the whole deed, including any […]
Whilst the Victorian Government has announced several positive and welcome reforms, it has also introduced an additional tax for medium and large employers.
The 2021-22 Victorian Budget included various significant transfer (stamp) duty changes, comprising duty concessions for purchases of properties within the City of Melbourne local government area, a widening of the off-the-plan duty concession for home buyers, as well as the pre-announced increase in the rate of duty for purchases of properties worth over $2 million.
For the first time in more than ten years, the Victorian Government has announced an increase in land tax rates. Properties with an unimproved value of $1.8 million or more will be stung with a significant amount of additional land tax, with the hike expected to raise more than $1.53 billion in revenue over the forward estimates period.
This article originally published in Inside Small Business on 17 March 2020. Predictive analytics is helping many businesses to create more accurate forecasts and uncover new solutions to business problems based on historical data. This is just one facet of data analysis, which is being sought by businesses looking for data-driven solutions to increase growth […]
This article originally appeared in The Weekend Australian on 6 March 2021. Sudden events, such as unexpected lockdowns, prompt us to inquire whether our financial affairs are also well prepared for the unexpected. At all times we need to have our financial data up to date and secure. We need trusted others to be able […]
Selling a dealership takes, on average, a minimum of six months and that is based on the assumption that your business is sale ready. During this period of time there are a few things that you should be prepared for.
Most business owners have a reasonable grasp on financial results, but what is necessary for agility is a meaningful understanding of the key drivers behind the numbers.
COVID-19 has brought uncertainty and redefined many standard and customary work practices. One area where it has had a significant impact is fringe benefits tax (FBT) and benefits provided to employees. With the Christmas period fast approaching, many employers will be considering what benefits to provide their staff and clients.
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