Unwinding COVID-19 Relief

2021-10-05T22:29:34+10:00October 5th, 2021|COVID-19, General, News|

COVID-19 support will roll back as states and territories reach vaccination targets. The National Plan, the road map out of COVID-19, does more than provide greater freedoms at 70% and 80% full vaccination rates, it withdraws the steady stream of Commonwealth financial support to individuals and businesses impacted by COVID-19 lockdowns and border closures.

What now? Unwinding the Pandemic

2021-09-13T09:18:51+10:00September 13th, 2021|COVID-19, General, News|

Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And, it is not just businesses in lockdown that are in

Update: Lockdown support for businesses and individuals in NSW & VIC

2021-08-04T16:36:47+10:00July 30th, 2021|COVID-19, General, News|

Based on announcements made by the Government this week, please find a new update on the lockdown support available for businesses and individuals in NSW and Victoria. Lockdown Support for Businesses If the recent lockdown has adversely impacted your business, support is available for businesses in NSW and Victoria. Use the following to read

Changes to income protection insurance

2021-08-04T16:41:41+10:00July 22nd, 2021|News|

BDH Leaders work with a variety of experts to give our clients holistic financial advice. In this article, we hear from Andrew Newton from MBS Insurance. He’s our recommended insurance advisor who assists clients with a range of insurance requirements. He also works with us to ensure premiums are structured in a tax effective way

Lockdown Support for Businesses and Individuals

2021-07-25T14:11:12+10:00July 16th, 2021|COVID-19, General, News|

What lockdown support is available? Here is an update on the lockdown support available for businesses and individuals in NSW. Lockdown Support for Businesses If the recent lockdown has adversely impacted your business in NSW, support is coming. The NSW and Federal Governments have announced a series of new measures to support businesses during

6 Member SMSFs – the issues and opportunities

2021-07-26T11:00:12+10:00July 1st, 2021|News, SMSF|

From 1 July 2021, the maximum number of members a Self Managed Super Fund can have increased from four to six. Why would you have a fund with six members and what are the implications? Recently enacted laws increased the maximum number of allowable members in an SMSF and small APRA fund from four to

What Changes on 1 July 2021?

2021-07-25T13:59:29+10:00June 11th, 2021|Budget, General, News|

Increase of the Superannuation Guarantee contribution rate to 10% The minimum superannuation contribution rate on ordinary times earnings paid to your employees is about to increase from 9.5% to 10%. This takes effect from 1 July 2021. Computer based pay-roll systems should make the correct calculations automatically. Digital Service Providers, that produce pay-roll software

May 2021 Budget Announcement

2021-07-25T13:59:58+10:00May 12th, 2021|Budget, General, News|

Last night the Treasurer, Josh Frydenberg handed down the Federal Budget - declaring Australia’s economic engine is “roaring to life” with a quicker than expected economic recovery. As a result, the budget focuses on Australia’s pandemic recovery. In particular, there is an emphasis on addressing skills shortages as well as including a “women’s budget

Winding-up: Simplifying small business insolvency

2021-07-14T05:26:09+10:00January 7th, 2021|News|

On 1 January 2021, new laws came into effect that introduces a new, simplified debt restructuring and liquidation framework for small businesses. Drawing on key features of the Chapter 11 bankruptcy model in the United States, the new system aims to speed up the insolvency process, reduce costs and where possible, restructure to help

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