How the Government stole your franking credits

Investment company Century Australia wrote to shareholders last week to tell them it was recalculating the franking credits it had issued with dividend payments made during the 2016/17 financial year. Century’s turnover in the 2016/17 financial…

Rate change for franking credits – 2016/17

The company tax rate for small business has been reduced to 27.5% for 2016-17 and the maximum franking credit your small business clients can allocate has decreased to 27.5% (previously 30%). This reduced rate applies to companies with an aggregated…

Key dates for July 2017

 This list of key dates is not comprehensive – it is a guide only. Events or timelines may change. Unless otherwise stated, the due dates provided are for 30 June balancers only. When a due date falls on a Saturday, Sunday or public holiday,…

PREPARING FOR THE NEW WORLD OF SUPER

With SMSFs now holding more than $622 billion in investments, trustees and members who are in a position to should make a point of boosting their balances ahead of 30 June. But there are plenty more issues to consider, some complex and with…

FIGHT OF HIS LIFE -Allan Lorraine-

Enclosed is an inspiring article which illustrates the effects of never giving up and the benefits of paying attention to detail. FIGHT OF HIS LIFE   -Allan Lorraine- In October 2009, Allan Lorraine CPA secured a place for himself and…

HOAM LOAN INTEREST RATES

We currently have a home loan broker operating in our office premises, Mr. Scott Campton, the Director of Financial Solutions by Design. He is available to help you with home loan requirements and best rates. Please also note that Scott assists…

MYOB'S ONLINE RECOVERY ACT

MYOB'S JOHN MOSS IS FIGHTING TO SOLVE A CLASSIC STRATEGIC CHALLENGE: HOW A POWERFUL INCUMBENT CAN RESPOND TO INNOVATIVE NEW COMPETITORS. Australia's SME accounting software market is one of the most competitive software spaces in the world.…

Ethics in Finance - Survey

IN JULY 2016, the Governance Institute of Australia's inaugural Ethics Index — the first survey of its kind conducted in Australia - was launched. Significantly, the research found more people view company chairs, CEOs and senior executives…

What You Need to Know About Repaying HELP Financing

If you participate in the Higher Education Loan Program (HELP) to assist in financing your education, you must start to repay the debt once your income exceeds a government-set repayment threshold for the income tax year, even if you are still…