Taking the right steps into private practice
Monday, 13 September 2021
If you’re considering a move into private practice, there are a range of decisions you’ll need to carefully navigate to avoid losing money and finding yourself in trouble with the ATO. Whether it is starting with the right business structure, finding funding to establish your rooms, or protecting your growing wealth, Walshs has years of
SMSF End of Financial Year Checklist
Wednesday, 23 June 2021
As 30 June 2021 fast approaches it is important to ensure the tax planning and compliance issues relating to your self-managed superannuation fund are in order. Set out below are a few matters to consider and take action on where necessary. Contributions The maximum contribution levels for 2020-21 for concessional and non-concessional contributions are: Concessional
- Published in Articles, Uncategorized, Walshs Blog
Transferring money from overseas to Australia
Wednesday, 09 June 2021
We explain the tax implications of transferring money to Australia and why professional advice is so important. Australian tax law is a complex web of rules and reporting requirements that is constantly being tweaked and reshaped by the federal parliament. This makes it challenging to keep abreast of the ins and outs that keep you
- Published in Walshs Blog
Business Growth Fund Program
Monday, 17 May 2021
Helping to Grow your Business The Queensland Government funded BGF program provides funding for small and medium-sized businesses who experience high-growth to assist with the purchasing of specialised equipment to further growth potential, increase production, and support employee expansion and higher economic returns. Small to medium sized business owners who are financially sound, and can
- Published in Articles, Business, Walshs Blog
Outcomes and implications of the Federal Budget
Thursday, 13 May 2021
The announcement of the Federal Budget delivered on Tuesday night may have left you considering what the main outcomes and implications are to you and your business. The team at Walshs have put together a summary of the key considerations and take-aways from Tuesday’s Federal Budget announcement for you below. As always, we are here
- Published in Uncategorized, Walshs Blog
2021 End of Financial Year Tax Tips
Tuesday, 27 April 2021
As we move towards the end of financial year, it becomes important to look at your tax planning prior to 30 June to maximise your tax savings. As well as this, forward planning for the 2021-22 financial year creates opportunities for greater understanding of tax liabilities, potential tax savings and wealth creation opportunities. We have
- Published in Walshs Blog
Tax Strategies for your Business in 2021
Sunday, 21 March 2021
In the lead up to the end of the financial year, we have put together our top tips to maximising your tax return for businesses as well as providing updates on single touch payroll reports and how global income should be declared in your tax return. When can your business stop STP reporting? The Australian
- Published in Walshs Blog
How to minimise your risk and exposure to payroll tax
Wednesday, 17 March 2021
By Sharon Aguiar, Senior Accountant, Walshs The NSW and Victorian Office of State Revenue (OSR) have been actively engaging in payroll tax audits for medical and dental practices. The NSW OSR has conducted at least 20 audits in the last 18 months. The problem Broadly speaking, the NSW and Victorian OSRs have held the view
- Published in Walshs Blog
Income protection policy changes are on the way
Wednesday, 20 January 2021
By Kirby Jamieson, Personal Risk Manager and Advisor, Walshs If you could not work for an extended period because you were sick or injured, how would you maintain your current financial needs and future lifestyle? Income protection insurance replaces a percentage of your income in the event you’re unable to work because of injury, accident
- Published in Walshs Blog
How businesses can benefit from JobMaker incentives
Monday, 16 November 2020
By Michael Walsh, CEO, Walshs Job losses have been extensive during the COVID-19 pandemic and the JobMaker Hiring Credit will give businesses incentives to take on additional employees aged between 16 and 35 years old. The Federal Government estimates the initiative will support 450,000 jobs. Like JobKeeper, the JobMaker Hiring Credit is a wage subsidy paid
- Published in Articles, Business, Walshs Blog
What the Federal Budget means for you
Wednesday, 07 October 2020
By Michael Walsh, CEO, Walshs COVID-19 has had a profound impact on individuals and businesses and the flow-on effects will likely be felt for some time. The Federal Budget 2020 includes a range of benefits and incentives, which hopefully will assist Australia to have a speedy recovery from our current economic position. Updates for individuals:
- Published in Articles, Walshs Blog
What the Federal Government’s extended JobKeeper Scheme means for you
Wednesday, 09 September 2020
By Michael Walsh The Federal Government has extended the JobKeeper Scheme for eligible businesses and self-employed workers for a further six months to March 2021 (previously due to expire 27 September, 2020). Businesses will need to reassess their eligibility for the JobKeeper 2.0 Scheme, and those eligible will receive a reduced rate of payments for their employees based
- Published in Articles, Business, Walshs Blog
