I got a text the other day “Hi Mum, I have broken my phone and I am using this number.” The “Hi Mum” scam has exploded with more than 1,150 Australians falling victim to the ploy in the first seven months of 2022, with total reported losses of $2.6 million. Once the scammer establishes contact, … Read more
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how Electric vehicles (EV) represent just under 2% of the new car market in Australia but it is a rapidly growing sector with a 62.3% jump in new EV registrations between 2020 and … Read more
Before parliament is a bill for exempting electric cars from FBT Treasury Laws Amendment (Electric Car Discount) Bill 2022 This Bill provides for an FBT exemption for cars that are classified as zero or low emission vehicles and are provided by employer to an employee as a car fringe benefit. The Government is hoping that … 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
I made it, to my first goal of $3,000, a massive thank you to everyone for your support and encouragement so far. As always, onward and upward to the next goal of $5,000. Cant stop short with a few weeks to go, we can work towards the end to raise more for this great cause. … Read more
Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the ATO’s more aggressive approach. Family trust beneficiaries at risk The tax legislation contains an integrity rule, … 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
We’re excited to introduce Business Edge Advisors! We’ve refreshed our brand with a new look and feel while retaining the same excellent award-winning service. We felt the old branding was not quite shining the light on our full service offering we provided for current and new clients. We are looking forward to continue to providing … Read more
The first COVID-19 vaccination in Australia rolled out on 21 February 2021 preceded by a wave of protests. With the rollout, comes a thorny question for employers about individual rights, workplace health and safety, and vaccination enforcement. The rollout, managed in phases, is expected to complete by the end of 2021 (you can check your … Read more
Lots of businesses were under financial stress during Covid and even now and many groups were campaigning to make it better for Grant money received from State Governments. Late last year, legislation passed that provided that certain grant payments in response to COVID-19 would be made non-assessable non-exempt income. The legislation requires the Treasurer to … Read more
