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The 7 types of Australian’s on the ATO watchlist
Are you one of them? Rental property owners, gig economy workers, people who get paid cash, home office workers, cryptocurrency traders, people who earn money overseas, people claiming more than previous years… 1. Rental property owners You can only claim repairs to a rental property if the damage, defect or deterioration has occurred during the…
Read MoreBig changes to privacy settings for Apple and Google
Have you seen this pop-up on your phone recently? With the new iOS 14.5 update on Apple devices, users can opt out of data tracking in apps. This is a game-changer for the way users can manage their privacy, and businesses can harvest consumer data. Before the update, apps like Facebook, Google, Maps, and even…
Read MoreNSW Budget: what it means for the Central Coast
The 2021-2022 NSW Budget announced in June includes funding for the Central Coast region. Here are the notes from the NSW Government website on what we can expect locally… Education $16.1 million in 2021-22 to complete the new Porters Creek Public School in Warnervale. Health $32.9 million in 2021-22 (as part of a $200 million project) for…
Read More4 reasons you must have a business plan right now!
The purpose of business planning is not only to give you the light on the hill – the goals that drive your strategies and focus – but, importantly, to improve your financial return. In this unpredictable business environment, COVID can surprise businesses with a forced closure or limited mobility, disrupt supply and consumer trends, or…
Read MoreJUNE 2021: What’s new in the economic zoo
The National Australia Bank held an economic breakfast earlier this month to update us on the current state of play at a national level, as well as local Central Coast impact. Here are some of the key insights on investment markets from their Director of Economics and Markets. Australia’s recovery from the COVID crisis has…
Read MoreFinancial management during relationship breakdown and divorce
Not only can it take a huge emotional toll on those involved, it is a defining financial event in life. A pragmatic approach to how you manage business and money when a relationship ends is an important step towards financial security. A good first step towards financial pragmatism and ultimately, independence, is to involve a…
Read MoreUpdate: Latest grants and assistance packages available to NSW businesses
The NSW Government and Central Coast Council have updated their business and community support packages in response to environmental conditions, including COVID and the latest regional mouse plague. Here is a summary of what is available … The Dine and Discover vouchers program has been extended until 31 July, meaning families can continue to access…
Read MoreFederal Budget – interpreting the tax savings
Small businesses and individuals face a long list of tax legislation changes now and later as we venture into what the Federal Government has dubbed ‘Australia’s recovery’ from the economic impact of COVID-19. Here’s a snapshot of the major things you need to know, and some tips on how to stay smart and sharp with…
Read MoreNorthern Beaches small business hardship grant
A note to our Northern Beaches clients and business friends from the NSW State Government: Your business could be eligible to receive the NSW Government’s Northern Beaches small business hardship grant. The one-off grant is available for eligible small businesses or not-for-profits impacted by the Public Health Order COVID restrictions last December. The first tier of $3000 is for…
Read MoreKeen to invest and not sure where to start?
Many Australians are feeling confident in the current market to invest, and you may be keen to get involved. If you’re starting out as an investor, the amount of information can be a little overwhelming. This article will help you to gather some general background information about the different asset classes of cash, property, shares…
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