Superannuation: What is going to change?

In November 2016, the Federal Government confirmed significant changes to superannuation.

Given the fact that the value of assets in the Superannuation environment in December 2016 was $2.2 trillion (or 157% of GDP), any change to the superannuation legislation can have a wide-ranging impact.

Cassandra Sharp Elected President of the Hunter Business Women's Network

We are delighted to announce that our Client Manager, Cassandra Sharp, was last Wednesday elected as President of the Hunter Business Women’s Network (HBWN).

Industrial Property Outlook

I have just read an article on the industrial property market in Newcastle and the Hunter that I thought was worth sharing.

The article was written by Trent Robertson of Colliers International. We work closely with Trent and his associate Byrne Tran, in referral of matters relating to sales or leasing of industrial property.

20 Year Milestone

In January 2017, Maxim Accounting & Business Advisors celebrated 20 years in business. Directors Chris Sneddon, Steve Roxby and Scott Norrish attribute Maxim’s success and longevity to the relationships they have built, and their dedication to client servicing, and open and honest commercial advice. 

Lower Company Tax Rates

Brexit and the Trump US Election result seems to have renewed the conversation about Australia’s corporate tax rate. Federal Treasurer, Scott Morrison, in his recent speech to business leaders in London spoke of the need for Australia to lower its corporate tax rate to be closer aligned with Britain (20% moving to 17%), Canada (15%) and Trump’s targeted reductions in the US. 

2016 - The year of change!

The 2017 financial year has well and truly kicked off. I've taken a moment to reflect on the year of change that was 2016. 

Small Business Grant

$2,000 still up for grabs!

If you're a small employer adding to your workforce the NSW Government wants to give you a helping hand.

The Small Business Grant is still on offer for businesses who currently do not pay Payroll Tax and is a sister program to the existing Jobs Action Plan for larger employers. If your business is creating new jobs in NSW you're entitled to $2,000. It's pretty much as simple as that!

All on-board SuperStream by 28 October 2016

Every employer must use electronic reporting and payment of super from October 2016 onwards. Those not on-board will be easy targets for ATO review, so we recommend getting ready now if you’re not already using it.

Looking forward, not backwards with Super

The biggest news in super this past week: the retrospective $500K lifetime non-concessional cap will be dropped. No need to dust off your records back to 2007!

Why is succession planning so important?

Put simply, a succession plan is having a plan for your eventual exit of the business.

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