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Latest News2017-11-29T12:31:49+10:00

Allocation of Professional Firm Profits

Overview The ATO released new draft guidance relating to the allocation of professional firm profits on 1 March 2021.  The Draft Practical Compliance Guideline PCG 2021/D2 (the Draft PCG) explains how the ATO intends to assess the tax risk of individual professionals who operate professional practices and how they will allocate their compliance resources towards [...]

By |April 19th, 2021|Categories: General News, Superanuation|

Superannuation Guarantee Rate Increase

Superannuation Guarantee Rate Increases from 1 July 2021: Revisiting the Superannuation Guarantee Rules and What to do Next Under Australia’s current legislation, employers are required to pay 9.5% of an employee’s ordinary time earnings into a complying superannuation fund. In recent years, there have been concerns that employees will have an insufficient level of superannuation [...]

By |March 30th, 2021|Categories: General News, Superanuation|

What is a Business Advisor – Do I need one?

You may have heard the term, business advisor, as it is referred to in many contexts. So what is a business advisor? What do they do and does your business need one? What is a business advisor? A business advisor is a trusted advisor to a business who works side by side with business owners to [...]

By |March 5th, 2021|Categories: Business Management, Financial Planning|

Fringe Benefits Tax (and what changed due to COVID-19)

As the year speeds by and March 31 approaches, employers and business owners need to consider yet another tax. A payment to an employee that is not wages or superannuation, cash or otherwise, will be considered a fringe benefit and subject to ‘Fringe Benefits Tax’ (FBT), unless it is exempt.  That is, 47% (2021) of [...]

By |March 3rd, 2021|Categories: Tax Saving|

How Hoffman Kelly can Help You

Are you getting the business advisory and accounting services you need and deserve? At Hoffman Kelly – the ultimate Chartered Accounting firm in Stones Corner, Brisbane – our highly professional team can help you achieve the outcomes you desire. We provide a comprehensive management consulting and accounting service to our clients: small and medium businesses, [...]

By |February 25th, 2021|Categories: General News|

Get your Business Finances in Check for 2021 – Here’s How

2020 was a really tough year with plenty of speed bumps, but now is the time to move forward and lay the financial groundwork for a better 2021. Reconsidering business plans that have been affected during such uncertain times is crucial for business growth and to help cash flow. To make it happen, the number one [...]

By |February 23rd, 2021|Categories: Business Management, Financial Planning, General News|

Why Regular Training & Professional Development is Important for Your Business

Without a shadow of a doubt, to retain good staff, every business advisory firm will suggest providing training and professional advancement so employees can succeed in their jobs. Hoffman Kelly, one of the best business advisory and consulting firms in Brisbane and the surrounding area, offers the ultimate in services, including staff development. If employees are [...]

By |February 21st, 2021|Categories: Business Management, Financial Planning, General News|

How does my business advisor help with optimal structuring?

Your trusted business advisor is key to ensuring that your business is structured correctly, based on your specific, current needs and future objectives. Optimal structuring means that your business is structured to set you up for success, while managing and mitigating risks where possible. Asset protection is the number one consideration that an experienced business advisor [...]

By |February 19th, 2021|Categories: Financial Planning, General News, Tax Saving|

Welcome To Hoffman Kelly

Welcome to Hoffman Kelly, the ultimate consulting firm in Stones Corner, Brisbane and the surrounding area. As one of the best, it goes without saying that the company offers the most professional business advisory and accounting services. Their expertise covers companies, partnerships, small and medium businesses, trusts, individuals, and self-managed superannuation funds. Main services include: SME [...]

By |February 19th, 2021|Categories: Financial Planning, General News, Property, Tax Saving|

Downsizer Contributions

Downsizer Contributions – Get more into super when you sell your home! From 1 July 2018 the ATO introduced the downsizer superannuation contribution. For people who are 65 years or older and meet the eligibility criteria, you can choose to make a contribution up to a maximum of $300,000 (each) into your superannuation from the proceeds [...]

By |January 21st, 2021|Categories: General News, Tax Saving|

The JobMaker Hiring Credit

What is JobMaker? JobMaker is a credit available to eligible businesses and non-profit entities that create new jobs (not if you are merely replacing someone who left). The hiring credit is available for jobs created from 7 October 2020 until 6 October 2021 and provides: $200 per week for new employees between 16 to 29 [...]

By |January 18th, 2021|Categories: Building & Construction, General News|
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