We are hosting a webinar next week to provide an update on the current state of play in business and personal finance. Sharon Lewis (Designer Financial Services, Director of Commercial & Mortgages) is presenting, she will cover a general economic market update, interest rate update, business funding, property funding, asset finance and alternative funding
BDH Leaders work with a variety of experts to give our clients holistic financial advice. In this article, Sharon Lewis, finance broker and Director of Commercial and Mortgages at Designer Financial Services explores different types of commercial and residential finance currently popular with individuals and small to medium sized businesses. Residential and commercial property
Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption. Capital gains tax (CGT) applies to gains you have made on the sale of
The ATO has not pursued many business tax debts during the pandemic and allowed tax refunds to flow through even if the business had a tax debt. That position has now changed and the ATO has resumed debt collection and offsetting tax debts against refunds. If you have a tax debt that has been on-hold,
Anthony Albanese has been sworn in as Australia's 31st Prime Minister and a Government formed. We look at what we know so far about the policies of the new Government in an environment with plenty of problems and no easy fixes. The economy The Government has stated that its economic priority is, "creating jobs, boosting
The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. Record-keeping Work-related expenses Rental property income and deductions, and Capital gains from crypto assets, property, and shares. In general,
A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For business Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12% on 1 July
Earlier today, Andrew Way, Director of Semper, presented a webinar for those wanting to learn more about achieving high yield at low risk. For those who were unable to make it, or for those who would like to review the information, above are the links to the webinar recording and slides. The material and contents
Yesterday, Sean Roffey, Director of PBS Pharmacy Brokers, presented a webinar tailored for pharmacy owners nearing retirement or thinking about the next big step. For those who were unable to make it, or for those who would like to review the information, above are the links to the webinar recording and slides. The material and
It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access the deduction. But, there are a
