COVID-19 dominated the 2019/20 financial year
Wednesday, 12 August 2020
By Peter Hodgson of Walsh’s Financial Planning The 2019/20 financial year began with strong momentum across most financial markets. However, as the year progressed, unemployment drifted higher and, coupled with benign inflationary pressures, many countries began to lower interest rates further in response. As the financial year headed towards March, COVID-19 rapidly spread across the
- Published in Articles, Business, Walshs Blog
What happens if your SMSF becomes non-compliant?
Thursday, 30 July 2020
By Michael Walsh, CEO of Walshs Practice If you operate a Self-Managed Superannuation Fund (SMSF), you should be aware that there are compliance obligations you must meet and that non-compliant funds may be subject to ATO sanctions or penalties. An SMSF trustee who does not meet compliance requirements might be forced to undertake an education
- Published in Articles, Walshs Blog
Deadline for amnesty on late Superannuation Guarantee payments
Monday, 27 July 2020
By Michael Walsh, CEO of Walshs Practice If you’re an employer who has failed to make Superannuation Guarantee (SG) payments to your workers, you have until September 7 to apply for an amnesty. The amnesty is a one-off opportunity for employers to correct any payment mistakes and we are urging them to take advantage of
- Published in Articles, Walshs Blog
The Government’s latest COVID-19 initiatives explained
Friday, 24 July 2020
By Michael Walsh, CEO Walshs The Federal Treasurer has announced a significant deficit of $85.8 billion for 2019-2020 and an estimated $184.5 billion deficit for 2020-2021, so Australians (especially businesses) are facing some challenging headwinds over the next few years. We are here to assist with cashflow forecasting and budgeting, applying for loans and grants, managing tax
- Published in Uncategorized, Walshs Blog
What the JobKeeper Payment changes mean to your business
Wednesday, 22 July 2020
By Michael Walsh, CEO of Walshs The Federal Government has unveiled plans to extend its JobKeeper Payment by six months. The payment was originally due to expire on 27 September, 2020, but the Government has announced it will be extended by a further six months to March 2021, for eligible businesses and self-employed (called business
- Published in Articles, Walshs Blog
HomeBuilder program is a welcome boost to the economy but not everyone will be eligible
Thursday, 04 June 2020
By Peter Hodgson, Financial Advisor at Walshs The Federal Government’s new HomeBuilder program is great news for Australia’s building industry, as well as people wanting to improve their homes. But it comes with strict criteria. Prime Minister Scott Morrison unveiled the program, which will give eligible Australians $25,000 to build or substantially renovate their homes,
- Published in Articles, Uncategorized, Walshs Blog
What you need to consider when planning for your year-end tax – Individuals
Thursday, 04 June 2020
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
- Published in Articles, Walshs Blog
What you need to consider when planning for your 2019-2020 year end tax – business owners
Monday, 11 May 2020
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
- Published in Articles, Business, Walshs Blog
Employment and Commercial Leasing During COVID-19
Thursday, 07 May 2020
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
- Published in Articles, Walshs Blog
Managing Your Self Managed Superannuation Fund 2019-2020
Thursday, 16 April 2020
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
- Published in Articles, Walshs Blog
What are the options for surgeons during COVID-19?
Wednesday, 08 April 2020
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
- Published in Articles, Audio, RACS (Surgeons College), Walshs Blog
