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 phone 6885 5594.
Lucky charm
St Patrick’s Day is considered a lucky day for the Irish and we hope it will be for you too. Many Australians come together on March 17 to celebrate Irish culture and remember St Patrick’s life and achievements. What do you hope to achieve this year? Maybe it’s a business overhaul or succession planning, perhaps it’s adjusting your superannuation. Whatever you need, we have lots of information in this area, to be sure. Happy St Patrick’s Day to all of our clients. We hope you find the pot of gold!
Retirement income transition made easier
If retirement is in your sights, then we have some good news. The government has released draft legislation to ensure that a reversionary Transition to Retirement Income Stream (TRIS) will always be allowed to automatically transfer to
eligible dependants upon the death of the primary recipient.
Currently, a reversionary TRIS cannot transfer to a dependant if the dependant has not personally satisfied a condition of release.
If this positive measure is legislated, it will apply to reversionary TRIS made after 1 July 2017.
New small business benchmarks are available
The ATO has updated its small business benchmarks with the latest data from the
2015/16 financial year. In addition to helping businesses to see if they are performing within their industry average, the benchmarks are one of the tools the ATO uses to identify businesses that may be a higher risk.
Please contact us if you would like us to check whether your data is inside or outside the average benchmark range for your industry.
That’s gold
F
rom pots of gold to sound investments, did you know that we are a Figured gold partner? What that means is that we can offer complete online livestock, crop and production tracking, farm budgeting and forecasting tool that works hand-in-hand with Xero. It’s smart, simple, powerful farm financial management software. We know you will love it. Read more at Figured.com
A complete online livestock, crop and production tracking, farm budgeting and forecasting tool that works hand-in-hand with Xero.
Happy Easter and daylight savings
Our office will be closed over the Easter break from Good Friday, March 30 to Easter Monday, April 2. We wish all of our clients a happy and safe break. And don’t forget to turn your clocks back by one hour on April 1. 