Covid-19 Support
The outbreak of the coronavirus (Covid-19) has many far reaching consequences for people’s health and the economy. The response from both federal and state governments to contain the outbreak has placed restrictions on many businesses and thus they have been…
Why You Need to Protect Your Money
With all the financial upheaval relating to the coronavirus right now, it’s not hard to see why the share market has gone into meltdown. As those in charge are considering a recession, there’s really no better time to learn how…
Business Support Available
The summary of Business Announcements is as follows: FEDERAL GOVERNMENT INITIATIVES: Small & Medium Sized businesses with turnover less than $50m will receive a tax free credit to their ATO account of between $20k and $100k split equally over the…
How to Thrive in Business During Corona Times
On 22nd April 2020 Roy A. McDonald & Lindale Insurances in conjunction with Manningham Council ran an informative webinar for businesses and households struggling with the impact of the Covid-19 Coronavirus.
Facts About Income and Deductions When Renting Out Your Home
If you want to rent out your home, or even a part of it, the rent you charge will be considered as assessable income for your tax return. This means that the money earned will need to be declared just…
The Government’s Stimulus Package
In response to the economic impact of the Coronavirus, the Government has announced a number of initiatives to help individuals and businesses at this uncertain time. The changes include accessing some of your super if you’re in financial stress,…
Money Lessons Kids Need to Know
We all want to see our children succeed and properly preparing them for their financial obligations in the future can be a beneficial start. You’d never allow your child to jump into a pool without knowing how to swim, so…
Finding Balance in Our Lives
The majority of us will strive for one thing in life, and that’s to find a comfortable balance. With that being said, we may overlook certain elements of our lives in favour of others – and this can lead to…
The Types of Small Business Benchmarks
The two variants of small business benchmarks that have been developed include: Performance benchmarks – which apply to all different industries across the country. Input benchmarks – which only apply to tradesmen and women undertaking domestic tasks and buying their own resources.…
Tips for Choosing an Accountant
How to choose a tax specialist? Finding an accountant isn’t too dissimilar to picking any other kind of professional, like a lawyer or electrician. The solution for most is to look around. What could an accountant do for you? Generally,…