Many people who make their livelihood from farming are doing it tough at the moment, with little to no rainfall received for months on end. The NSW Government has extended a lifeline to farming families for assistance in the form of a Drought Transport Fund. Available immediately, the assistance includes low-interest loans of up to $20,000…
BMT Tax Depreciation has shared its top three tips for property investors looking to optimise their property portfolios this year in light of changing market conditions. BMT has worked with more than half a million Australian property investors to help them to uncover legitimate tax deductions for the wear, tear, and ageing of their investment…
The ATO has published the key superannuation rates and thresholds for the 2018/19 income year. As such, the Non-Concessional Contributions cap will remain at $100,000 (although transitional arrangements may apply), and the Concessional Contributions cap will remain at $25,000. The CGT cap amount will be $1,480,000 and the Division 293 tax threshold will be $250,000.…
Dry weather brings hard times Dry weather abounds and rain continues to elude us in the local region. If this is causing you undue hardship and financial strain, then we are here to help. We can discuss your situation, including budget and the options available to ease the pressure. Call in for a chat or…
Time to turn plans into action With summer already behind us, now is the time to turn your New Year’s plans into reality. Acquainting yourself with Figured is just one of the ways in which you can take action. Combining farming knowledge with accounting expertise and the power of technology, you will soon be equipped…
The Federal Government has announced a review of the current rules governing early release of superannuation on compassionate grounds or severe financial hardship. The review will also include the circumstances in which a perpetrator’s superannuation should be available to pay compensation or restitution to victims of crime. The review will not examine other general conditions…
“A business mentor is a brain to pick, an ear to listen, and a push in the right direction.” — John Crosby The opportunity to learn from a mentor can do more for a small business owner than any course, educational program or degree. Being a mentee means you get the benefit of first-hand experience without…
As 2018 begins As the new year gets underway, we would like to wish our clients good health and a prosperous year ahead. Whatever business you do, know that we are there by your side offering advice and assistance for future successes. New Year’s resolution Every year, many of us start with resolutions. At Peacocke…
It’s no secret that data loss can be a costly nightmare for a small business, with recent estimates citing the total cost of data breaches exceeding $2.1 trillion by 2019. Unfortunately, cyber attackers increasingly target small businesses because they are less likely to have appropriate or updated security measures in place. Accidental loss due to a lightning…
What is your succession plan? Recent statistics from PWC Global show that 43 per cent of family-owned businesses don’t have a succession plan in place, and only 12 per cent survive to the third generation. Regardless of whether your assets are $1 million or $100 million, a succession plan is essential to minimise the risk…
Getting invoices paid on time is always an important consideration for any business, large or small. Late payers can cost time and money, particularly at this time of year! Get paid faster with these tips from us: Stagger your schedule Bill some of your clients mid-month and others at month’s end to ensure ongoing cash…
Update your business plan for a new year As another year winds down, it’s a good time to reflect on your recent business successes – and consider what you’d like to achieve in the next year. We can help you make plans to help guide your business to greater success in 2018. Here are some…
We hope you picked a winner! The month began with a flutter on the Melbourne Cup, the race that stops the nation. We’d like you to know that we are always a safe bet when it comes to your taxation, superannuation, business activity or investment needs. Our business and your business, now that’s a winning combination!…
With the holiday season nearly upon us, it’s wise to set aside some time to tie up loose ends so you can start the new year fresh, organised, and ready to roll. As you prioritise ‘must-do’s’ before taking some well-earned time off, consider adding these end-of-year business activities to your list. Connect with your…
Stale inventory is a costly nuisance for any business owner. Ideally the rule of thumb is to sell the goods taking up space on your sale floor within 90 days. After three months, stale inventory becomes dead inventory and products are much harder to move. Fortunately there are a number of ways to recoup at…
You just need a cool, lazy million! Our recent investment seminar proved to be a great night of networking and we were fortunate to have Jon McGrath and Adam Lawrance from JBWere give us some ideas on how to earn more from cash deposits safely. I know Jon and Adam will dislike the title but…
September News Investment Seminar Special guest at our upcoming investment seminar will be Jon McGrath from JBWere. Jon is an expert in private wealth management who works with individuals, families and non-profit organisations to help protect and grow their wealth in a conservative manner. The event will be held at our office at 6pm on…
Minimise your stress Haven’t done your tax return yet? Well, don’t worry, we are here to help! The team at Peacocke Accountants has the skills to provide you with the best tax advice and to ensure accurate and on-time lodgements for all your compliance needs. With our up to date knowledge of Australian and…
