Articles

April 1, 2020

Must know SMSF Changes during COVID-19

SMSF Account-Based Minimum Pension Requirements As you are no doubt aware COVID-19 is placing hefty restrictions on society and is causing many changes to our day-to-day lives. This has caused a massive drop in the stock market and consumer confidence which in turn may be hurting your SMSF, and available cash; and ideally you don’t […]

Read more
April 1, 2020

The Covid-19 JobKeeper Package

What is the JobKeeper Payment?   Date From 30 March 2020 for six monthsFor employees employed at and from 1 March 2020First payments in first week of May 2020 Applies to    Based on comparable periods:Employers <$1 bn that have experienced a downturn of more than 30%Employers >$1bn that have experienced a downturn of more than 50%  A subsidy […]

Read more
March 24, 2020

COVID-19 State Government Support to Businesses

A number of the states of Australia have announced a range of tax measures to provide relief to businesses in response to COVID-19. These include payroll tax relief, interest free loans and other such cash flow stimuli for the business community.    Victoria Payroll Tax Relief Businesses with annual taxable wages up to $3m will […]

Read more
March 24, 2020

Australian Government COVID–19 $66 Billion Stimulus Package

The Australian Government has announced a $66.1 Billion stimulus package to support businesses, boost income support payments, provide targeted changes to superannuation rules and relax corporate insolvency laws. What this means for businesses: Tax-free payments up to $100,000 for small business and not-for-profit employers. An increase in the previously announced initial tax-free payments for employers […]

Read more
March 20, 2020

Managing your business and cash flow with Coronavirus

Please see some key points below you need to consider right now to protect your business and manage your cash flow: Contact your bank. Banks are offering holidays on loan payments. Westpac yesterday have a fairly automated service to defer principal for three months. The ANZ CEO on radio last night saying they were offering […]

Read more
March 3, 2020

Buying a Business: The difference between a Leasehold and Freehold Going Concern

When buying a business, across any industry, you will come across these terms “Leasehold” and “Freehold Going Concern”. This article looks at what is a Leasehold and what is a Freehold Going Concern.  Leasehold A leasehold is also termed as “buying the business”, without the land and buildings.  With a leasehold you are buying: A […]

Read more
March 3, 2020

Checklist for Purchasing a Business

Download your free checklist for purchasing a business here! Download Here! We have created this checklist to assist in the initial review of assessing a business. The checklist is designed to be thought provoking and help identify issues and opportunities in a business. the checklist covers basic operational and some financial performance considerations. It is […]

Read more
December 4, 2019

Reimbursements, Allowances and the GST Implications

Are you an employer that is registered for GST? You may be entitled to a GST credit when you make a payment to an employee to compensate for expenses they have or will incur. Payments made to employees for expenses which they incur can be considered reimbursements or allowances. It is important to correctly distinguish […]

Read more
November 13, 2019

Small Business Entities with an aggregated turnover less than $10m

You may be eligible to change your GST accounting method from accruals to cash, therefore not being required to pay GST on debtors. If your small business entity has an aggregate turnover (business and connected entities) of less than $10m, then please read on. The Government in recent years has increased the small business entity […]

Read more
October 2, 2019

What to Consider when Choosing a Business Structure

Download your free copy of our ‘What to Consider when Choosing a Business Structure’ eBook below: DOWNLOAD HERE! A business structure, also called a tax structure or a legal structure, can be a legal owner of assets and/or operate a business or own investments in its own right, legally recognised in a given jurisdiction and […]

Read more

Contact

Suite 13, 241 Blackburn Road Mount Waverley VIC 3149

Phone: (03) 9802 2533

Fax: (03) 9802 0590

Postal Address: PO Box 323, Mount Waverley, Victoria 3149

Email: mail@rogersonkenny.com.au

ABN: 29 545 604 022