Sky Update – March 2020

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest.

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Boosting Cashflow for Employers

On the 12th of March, the Federal Government announced their first economic response to the Coronavirus consisting of $17.6b of measures. It quickly became obvious that those measures would be insufficient to address the economic fall-out of Coronavirus pandemic, with a further announcement made on the 22nd of March.  This second announcement included adjustments that …

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Coronavirus Update – Business as Usual

The Coronavirus (COVID-19) is causing significant disruptions to businesses and households throughout Australia and the world. Sky Accountants are maintaining a close watch on developments and is currently taking a “business as usual” approach with our offices remaining open. We have activated our contingency planning that would allow us to continue our service delivery with …

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Government Announces Coronavirus Economic Response Package

The Federal Government has yesterday (12 March 2020) announced an economic response to the Coronavirus targeting four key areas, being: 1. Support for business investment Currently businesses with annual turnover of up to $50m can claim a deduction for the immediate write-off of assets purchased with a cost of less than $30,000. Until June 2020, …

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Sky Update – February 2020

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest.

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Sky Update – January 2020

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest.

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Ballarat Accountants: What is the best business structure for your business?

If your main goal is to scale your business, a company structure may be your ideal choice because it provides flexibility to expand and bring in new partners to the business. It also offers a capped taxation rate and a reduced level of personal liability. At Sky Accountants Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at info@skyacc.com.au or 1300 328 855

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Ballarat Accountants: Should you use a family or corporate / discretionary trust as your business structure?

A trust is where a trustee carries out the business for the trust’s beneficiaries. It is not a separate legal entity and a trustee could be an individual or company. The trustee is legally liable for the trust’s debts and may use the trust’s assets to meet its obligations. In case of a shortfall, the trustee will be responsible. A trust is set up through two types of trust deeds: unit or discretionary trusts.

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Ballarat Financial Advisers: Setting Up a Self-Managed Super Fund (SMSF)

Make the most out of your SMSF investments and avoid some common pitfalls of SMSF investors. One of the advantages of a self-managed super fund is the wide range of investment options available. You can invest your money where you want to and tailor your investments to your interests. However, you still need to invest wisely even if your SMSF investment options seem to be endless. At Sky Accountants Ballarat & Financial Planners Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded individual or entrepreneur. Contact us at info@skyacc.com.au or 1300 328 855

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Ballarat Accountants: Choose the best business structure for your business – Sole Trader

Sky Accountants are working hard to make things easier for our clients. We are pleased to announce the launch of our new finance department, Sky Mortgage Services.

Every client has their own different requirements and we strive to be proactive when dealing with them. Our goal is to offer a wide range of services that help our clients stay financially organised, tax compliant and geared for business/financial growth.

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