13 Features of a Meaningful Strategy Meeting
A strategy meeting is an investment in positive future business performance. It is about clarifying with your team what the goals of the business are and setting out a plan for reaching those goals. How do you go about having a strategy meeting? We have listed 13 features of a meaningful strategy meeting that will help you maximise the benefits of your strategy session. read more
Instant asset write-off provisions now unlimited for businesses with an aggregated turnover of under $5 billion
The instant asset write-off provisions are now available until 30 June 2022. Also, for the first time, businesses with aggregated turnover of $500 million or above, but under $5 billion, are eligible to benefit. Below we comment on six things to be aware of when considering the instant asset write-off provisions. read more
Opportunities and risks for businesses in 2021
Here are some of the opportunities and risks we see for businesses in 2021: Incentives to create jobs, the JobTrainer Fund, Homebuilder Grant, Instant Asset Write Off, COVID-19 lockdowns, rules and regulations, Trade relations with China and the closure of businesses being propped up by JobKeeper. read more
Answers to your questions around the introduction of director identification numbers
The concept of director identification numbers has been discussed since 2015 and is just one measure in a package of reforms now legislated to help prevent phoenixing. The new requirements provide for proper verification of director’s identities and a single, centralised record for each individual director. We answer some common questions around the introduction of DIN’s. read more
Proposed cash payments limit legislation abandoned
A cash payments limit was first mentioned in the 2018-19 Federal Budget as a way to tackle the black economy, which has been estimated at being worth up to $50 billion a year. Following this, the Government moved to introduce a $10,000 cash payments limit through the Currency (Restrictions on the Use of Cash) Bill 2019. This bill was abandoned on 3 December 2020. read more
Looking to claim a tax deduction for transporting bulky equipment to and from work?
Normally, going to and from work is seen to be private travel. This means any expenses involved, such as running costs for your car, or public transport fares, are considered personal and so can not be claimed as a tax deduction. However, there is an exception that provides for claiming a tax deduction for transporting bulky equipment to and from work. read more

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