Posts by advicecogillian
JobKeeper: Extension and Eligibility to March 2021
The government has today announced an extension to the JobKeeper Payment, as well as changed business eligibility terms. Extension period The scheme is being extended beyond the original date of 27 September 2020 to 28 March 2021. Changes to the payment For the October-December Quarter there will be a 2-tier entitlement: $1200 per fortnight for…
Read MoreUsing your company’s money or assets
If your business is fortunate to have some cash set aside that could be invested into your people or your business assets, there are a couple of things you should check before making any transactions. Any cash transfer to an individual from the company needs to be properly processed as salary, wages, director’s fees or…
Read MoreJuly 2020: Changes to tax and pay that you need to know
This new financial year in the age of COVID-19 brings a number of changes to help relieve some pressure for businesses and workers alike… Businesses and individuals with complex financial structures are encouraged to seek advice early. The current environment amplifies the need to navigate the intricacies of tax and finance planning. Tax is complicated…
Read MoreHow much do you need for a comfortable retirement?
Retirees aren’t the only ones to benefit from knowing this. It is also extremely helpful for anyone of working age to be aware of these figures and build up investments to reach them. The Association of Superannuation Funds of Australia has helpfully created a guide and annual budget for a modest versus comfortable lifestyle. The…
Read MoreThe EOFY like no other
We know this EOFY is a little different. The past months have brought drought, fire, flood and pandemic. It’s the stuff of fiction. We hope you and your family are OK. This date marks an opportunity to start afresh. When projecting and planning, it’s important to be prepared for any number of possible scenarios, and…
Read MoreCasual workers entitled to back-pay
Casuals who have “regular, certain, continuing, constant and predictable” employment may be considered Permanent Employees and be entitled to back-pay for leave according to a Federal Court ruling in May 2020. A mining company – who employed a casual worker who had completed regular shifts over three years – was ordered to pay unpaid annual leave,…
Read MoreWorking from home? Know what you can claim!
An estimated 10.5 million Australian workers are experiencing changed employment conditions since the outbreak of COVID-19(1). More than 50% are doing paid work from home. So what and how can you claim? First consider which way you’d like to calculate your expenses: Shortcut method: The ATO has introduced a new simplified way to calculate and…
Read MoreAdviceCo team and clients make $36,000 donation to charity
Charitable organisations, friends and partners have had a relentless run of adverse events to contend with this financial year. Our team and our clients have enabled us to contribute $36,000 throughout FY20 to local and national charities. We couldn’t be more grateful! Our charitable partners this year have included: Gosford Hospital Camp Breakaway Rural Aid…
Read MoreClient in Focus: A2B Trailers Erina
At AdviceCo, we support many small and medium sized businesses to financially structure themselves for growth. We get our greatest job satisfaction from seeing business owners like Eamon and Kate Corless, husband-and-wife owners of A2B Trailers at Erina, strike the ultimate balance between business security and lifestyle happiness… A2B Trailers supplies products from box trailers…
Read MoreCall to Support Central Coast Local Business
As an ongoing sponsor of the Gosford Erina Chamber of Business, and a Central Coast-based business of the last 30 years, we’re proud to support the Bigger Backyard Central Coast Initiative. The initiative calls for Coasties to support local business. Through the Bigger Backyard Central Coast mobile app, you can pledge your support and identify…
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