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Business Advisory

COVID-19 – Metropolitan Melbourne back into Stage 3 restrictions

July 8, 2020

It’s safe to say we weren’t prepared for this but there are Government programs available to help. For weeks in Victoria, it looked like we were on the brink of recovery and a return to some new state of normalcy. In the end, it looks like we are once again on the precipice of a […]

Lending

Given record low interest rates – is it a good time to fix my loan?

July 6, 2020

Interest Rates are at record-low levels. Should I fix my loan? Global economists agree: The COVID-19 pandemic represents the largest economic shock to the world economy in decades. Released in early June, the World Bank’s Global Economic Prospects envisions a 5.2 per cent contraction in global Gross Domestic Product (GDP) in 2020. It reflects what […]

Business Advisory

Minimum wage to increase by $13 a week but businesses get some relief with staggered increases being applied!

June 23, 2020

Annual Wage Review decision made. The Fair Work Commission handed down its Annual Wage Review decision late last week and from 1 July, the national minimum wage will be increased by 1.75%. The new minimum hourly wage will be $19.84 (or $753.80 per week). This equates to an increase of 35 cents per hour or […]

Tax

6 key changes for Tax Planning 2020

June 23, 2020

Preparing for tax time 2020. Time has been flying by and there is news changing daily around the pandemic. We’ve all been preoccupied with stimulus updates and keeping informed on what to do for our health, our business and our finances – but suddenly 30 June is just around the corner and it’s time to […]

Tax

Accru Tax Alert – June 2020

June 17, 2020

Taxation Developments Take a look at our snapshot of taxation developments that may affect your business, investments or superannuation. Please get in touch if you need our help. Read More

Audit

Do Aged Care Bed Licences have a value?

June 9, 2020

Lower profits and more scrutiny in the industry has heightened compliance. The Aged Care industry has seen no shortage of media attention recently with the Royal Commission being established and reports surfacing that many organisations believe there is inadequate funding to support the growing ageing population in Australia. Lower profits and more scrutiny in the […]

Wealth Management

A State of Flux – Current and Upcoming Changes to the Income Protection Market

June 1, 2020

Updates to Income Protection Policies As previously touched on in our last insurance article (February 2020), there were some significant earmarked changes coming into effect in the near term to the Income Protection (IP) market. In order to maintain a viable and prosperous market into the future so all Australians could, if they wished, protect […]

Tax

COVID-19 – Impacts on Fringe Benefits Tax (FBT)

May 25, 2020

Income tax law changes due to employees working from home. COVID-19 has accelerated the working from home movement for many businesses fortunate enough to be able to work through the pandemic. What was once an option for certain people that comes under the umbrella of flexible work policies has suddenly become the norm for the […]

Tax

Accru Tax Alert – May 2020

May 19, 2020

Taxation Developments Take a look at our snapshot of taxation developments that may affect your business, investments or superannuation. Please get in touch if you need our help. Read More

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