July 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… COVID-19 PAYG withholding credits Businesses with turnover below $50 million will be handed a second round of credits, with varying amounts from $10,000 to $50,000 handed to eligible employers based on…
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: In order to qualify to claim specific expenses under methods 2 & 3,…
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 MoreWebinar: Cash Flow in a Crisis – Keeping business in business during COVID-19
This webinar is now over – held on Wednesday, 24 June 2020. VIDEO NOW AVAILABLE. #growthequation #debtormanagement #marketing #accountingsoftware #businesshealthcheck Join business experts, Gerard Andrews and Troy Marchant, to review cashflow options for business during this time of economic uncertainty. Name First Last Business Name (If Applicable) Email* CAPTCHACommentsThis field is for validation…
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…
Read MoreIs Your Business on Track for End of Financial Year?
With the End of Financial Year (EOFY) approaching in a matter of weeks, we’re encouraging businesses to get their house in order on cashflow, Instant-Asset-Write-Offs and tax. The recent and rapid rate of change to financial management, as well as the cashflow relief for many with the JobKeeper payment, suggests that a May review holds…
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