The Ins and Outs of Super Stapling
With the new super stapling rule in effect from November 1, 2021, it’s important for employers to understand what this means and how to remain compliant. A stapled super fund is an existing super fund that is linked, or ‘stapled’ to an individual employee and follows them as they change jobs. A stapled super aims to [...]
Queensland Stamp Duty Relief for Small Business Restructures
Eligible small businesses can now restructure from trading discretionary trusts to trading companies and are now able to access a stamp duty exemption in Queensland. The relief granted by the new legislation allows flexibility for businesses with less than $5 million turnover to assist management of current or expected compliance issues. Trust structures are useful to [...]
Tax Depreciation Incentives
Tax Depreciation Incentives There has never been a better time to claim tax deductions for new depreciable asset purchases than now! Temporary Full Expensing (TFE) measures are currently in effect until 30 June 2022 (with legislation pending to extend the date until 30 June 2023) which means in most cases a business will be able [...]
Side Hustle Kings & Queens
Side Hustle Kings & Queens - Everything you need to know about side hustle tax tips Many Australians started a ‘side hustle’ during the COVID-19 pandemic. While there are many benefits to having multiple streams of income - in addition to the 9-5 reality - have you wondered what your tax obligations are and what [...]
How Hoffman Kelly Can Assist with Accounting Advice
Are you looking for advice on business matters like accounting? Accounting can be a tedious subject. It has various branches like financial, cost, auditing, managerial, tax, forensic, and fiduciary accounting. But having your accounting done correctly can make a massive difference for your organization. If you’re looking for extensive, expert accounting advice, Hoffman Kelly can provide [...]
Why You Should Choose Hoffman Kelly for Business Services
If you’re an entrepreneur and feel like you’re losing customers to your competition, consider working with a business service company. Business services help companies and organisations focus on their specific goals. These professionals help companies complete tasks that require unique expertise or equipment. If interested in business services, take a look at what Hoffman Kelly has [...]
When Looking for Business Advice in Brisbane, You Can’t Look Past Hoffman Kelly
If you’re looking for reliable and professional advice regarding accounting, taxation, superannuation, and other financial issues, consider working with or connecting with an experienced and dedicated business service provider. Hoffman Kelly’s business advice Brisbane can be helpful for a variety of companies and individuals. The team assists small and medium businesses, employees, and corporate executives to [...]
How Hoffman Kelly Business Services Can Help
Are you looking for help with accounting, taxation, and other business or financial issues? Consider working with a business or financial consultant. Today, many business consulting firms specialize in one specific area of expertise, like accounting. However, others offer a more comprehensive range of financial services. If you’re in search of a reliable and experienced business [...]
COVID-19 Business Support Grants
COVID-19 Business Support Grants for Lockdown Impacted Businesses in Queensland Applications have opened today for businesses who have been impacted by the Queensland lockdowns. All eligible businesses which apply in time will receive the funding, and there is a time period of 3 months in which to apply. There is therefore no need to rush [...]
What lockdown support is available in Queensland?
Support is available if you are impacted by the Queensland lockdowns. Eleven Queensland local Government areas were declared a Commonwealth hotspot on 31 July 2021. If you are impacted, there is assistance available to individuals and business. For Individuals There are two payments accessible to individuals: the COVID-19 Disaster Payment and, the Pandemic Leave Disaster [...]
Director Identification Numbers – big brother is watching!!
As part of the federal government’s ‘Modernising Business Registers’ program announced in the 2020 Federal Budget, the ATO has recently released the first documentation for the implementation of Director Identification Numbers. Referred to as “Corporations Director Identification Number Data Standard 2021”, the aim of the program is to ensure that all company directors are identified via [...]
2021 Tax Planning Opportunities
The 30 June deadline approaches quickly every year, and it is important for business owners to review their annual tax figures and look at tax saving options before they miss the limited window of opportunity. As your trusted advisor, we can promote strategies to maximise cash-flow, minimise tax and comply with regulatory requirements. These will [...]