What is a director ID? A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a director, change companies, change their name, or move overseas. The introduction of the Director Identification Number (DIN) is part of the Government’s Modernisation of … Read more
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later, following market turmoil that saw the British Pound drop at … Read more
So many changes happening in 2023 for business owners, it’s hard to know where to start, we have compiled a short brief on a few key changes. Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each … Read more
It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access the deduction. But, there are a … Read more
In November 2021, I was nominated to be a part of Stars of the Border Dance for Cancer, it would be a fun journey to give back to my Albury Wodonga community. I thought it would be a great charity event to be a part of and connect with different people. It was all that and … Read more
Your business is there to serve you; not the other way around. In other words; you should never be a slave to your business. DO you find yourself on the never-ending merry go round of business, day to day, week to week and before you know it months have passed and it feels like nothing … Read more
We understand a Trust has been an amazing business structure and tax-saving vehicle over the years and many clients have them. They offer many barriers for risk protection and opportunities to reduce the amount of tax to be paid. It’s always a chance the ATO and government may look at a business structure that has … Read more
We’re excited to announce Clayton is going to be a part of this year’s Stars of the Border to raise money for Cancer. Stars of the border are like Dancing with the Stars, but it’s local business owners dancing and working to raise much-needed money for cancer. While Clayton has had family and friends be … Read more
Acknowledging the difficulty that business operators have faced, the NSW Treasurer Matt Kean has announced a package of measures to support small businesses impacted by COVID-19 over January and February 2022. Releasing the package, the NSW Treasurer said, “household balance sheets are strong at the moment, when we get out of this wave, we expect … Read more
SME lending options – Extension in time Around 80,000 loans worth around $7.3 billion have been written since the scheme commenced in March 2020. The Treasurer said the extension of the SME Recovery Loan Scheme continues the government’s ongoing support for small businesses as they continue to bounce back from the pandemic. While there is … Read more
