By Michael Walsh, CEO of Walshs As the end of the financial year approaches, effective planning and preparation is critical for all taxpayers and with June 30 drawing near, it is a perfect time to plan and review your records in order to maximise your tax deductions. Here are some of my top tips for
By Michael Walsh, CEO of Walshs As the world struggles with many changes brought about by COVID-19, there are a number of measures business owners should be considering as they plan their 2019-2020 tax requirements. Income deferral and expense acceleration If you think your income for the next financial year may be lower than your
Walshs Partner, Hugh Walsh, recently spoke with two experts from law firm Hillhouse Legal Partners – Managing Director Zac Herps and Director Robert Lamb – to answer some of the questions many of our clients have during the challenging times we are facing during the COVID-19 pandemic. Both Zac and Robert have a strong history
By Michael Walsh, CEO of Walshs For clients whose Self-Managed Superannuation Fund (SMSF) is in pension mode, it is important to remember that at least the minimum annual pension amount must be withdrawn from the Fund and paid to the members before 30 June, 2020. It is preferable for the pension withdrawals to be made in
How can surgeons take best advantage of government incentive schemes, should they be deferring paying their 2019 tax bills and is it too late to take a more defensive stand on superannuation funds? They are just some of the key questions posed by Walshs’ Simon Farmer and Hugh Walsh in a special video presentation aimed
By Michael Walsh, CEO of Walshs The Federal Government announced on 30 March, 2020, that it will introduce a business support package to help employers continue to employ their staff where the business has been affected by Coronavirus. The JobKeeper payment is designed to keep those currently employed in their jobs and legislation to approve it will
The impact of the Government’s Coronavirus Stimulus Packages on businesses and the broader community
By Michael Walsh, CEO of Walshs Chartered Accountants and Financial Advisors The Coronavirus Stimulus Packages announced over the past week by Federal and State governments and the Australian Banking Association have major implications for small and medium businesses. Key items of interest for our clients are: BANK LOANS Bank loan repayments: The Australian Banking Association
By Michael Walsh, CEO, Walshs The Coronavirus Stimulus Package, announced by Prime Minister Scott Morrison, has major implications for small and medium businesses. While the $750 payments to pensioners and people getting Newstart, Carer’s Allowance and Family Tax Benefits should flow through to the business community, it is the supercharging of the instant asset write-off,
Thirty-three enthusiastic members of the ‘Walshs Warriors’ team took to the streets of Brisbane’s CBD yesterday to raise money for services and breast cancer research at the Mater Hospital as part of the RACQ International Women’s Day Fun Run. The team was completing the run in support of Walshs’ team member, Rachael Brooks-Donald, who is
