Category: Business

WHAT HOME OFFICE EXPENSES ARE ALLOWED?

If you performed some of your work from your home office during the 2020 financial year, you may be able to claim a deduction for the costs you incur in running your home office, even if the room is not set aside solely for work-related purposes COVID-19 IMPACT – NEW ARRANGEMENTS The Australian Taxation Office…
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Prespa Newsletter – Spring 2019

It’s September and spring is in the air. It’s time to shake off the winter cobwebs, get out into the garden or the great outdoors. It’s also a good time to plan your summer break. August was a challenging month for investors. Global markets reacted negatively to an escalation in the US-China trade war and…
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Economic Update – September 2019

Australia’s All Ordinaries Index and ASX200 finally broke through their 2007 record highs set before the GFC. The RBA held the cash rate at the current a record low on 1.00% while acknowledging that Australia can expect an extended period of low-interest rates, with the possibility of further cuts. We also look at the other…
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The STP reporting clock is ticking: Are you ready?

The STP regime is a key part of the ATO’s plan to digitise and streamline tax and super reporting, and it intends to make the reports a normal part of doing business in Australia.  But many small business owners are only now starting to realise just how much this new online reporting regime will affect…
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2019 Financial Year Newsletter

Dear valued clients, With the new financial year beginning its time for businesses to consider their goals, KPI’s and setup for the new financial year. As it is the end of financial year an online checklist will be sent out to our clients this week, please refer to and complete your checklist early to avoid…
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Economic Update – July 2019

Australia’s annual economic growth fell from 2.3 percent to 1.8 percent in March, the weakest since 2009.  Australia’s cash rate has been cut for the second month in a row to a new record of 1%. The decision to further cut the cash rate is intended to stimulate inflation and reduce unemployment.  We also look…
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Economic Update Video – June 2019

The end of the election uncertainty and the investor-friendly policies of the Coalition produced a relief rally on financial markets in May. Australia’s cash rate has been cut to a new record low of 1.25%. The decision to cut the cash rate is intended to stimulate economic growth and was partly driven by a fall…
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May 2019 Newsletter

May is here, and as the weather begins to cool the political climate is heating up. The federal election tomorrow bookends a busy period on the national political and economic front which began with the Budget on April 2. All the proposed changes by both major parties to tax can be confusing and overwhelming. Feel…
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Economic Update – May 2019

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. The Federal election on May 18 bookends a busy period on the national political and economic front which began with the Federal Budget…
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Cast your financial safety net

While setting goals is an important element in your overall financial plan, so is having a financial safety net. Whether you are aiming to save more, spend less or reduce debt this year, your best-laid plans could fall in a heap if you are not prepared for financial setbacks or unanticipated costs.  Putting a financial…
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