What is a financial plan and why do you need one?

Understanding what a Financial plan is and how Financial Planning can help is often misunderstood.

This is because people typically associate the potential solutions a financial planner can offer – like investing, insurance or super advice for example – as being the main value of the financial planning relationship. But in reality it is the plan we help you create itself, that is where the true value lies. A plan that is yours – to achieve what is important to you – and only then, do we relate the products that can help you achieve your objectives to your situation.

Forecasting during a pandemic

Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent.

So, how do you plan for uncertainty when every assumption is subject to change?

Your questions answered: State Government Grants

My business received a grant from the State Government. Do I pay tax on it?

JobKeeper Alert

With the employee test date for JobKeeper moved to 1 July 2020, some additional employees might have become eligible for JobKeeper. The August JobKeeper monthly business declaration is due by 14 September and is different to the previous form as it covers three JobKeeper fortnights.

Financial AccountingJPR BUSINESS GROUP2 September 2020jobkeeper, Jobkeeper 2.0, employment law, covid-19

Superannuation - The Work Test

You may have turned 65 and are wondering how to make further contributions to your super fund. What if I start a pension, am I still allowed to make further contributions? What type of contributions and limits apply to me?

SuperannuationJPR BUSINESS GROUP2 September 2020superannuation, work test

Has COVID-19 devalued your business?

If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it eventually’?

What now? Where to get help if you need it

The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might now be eligible

COVID-19 and your SMSF

COVID-19 has had an impact on many SMSFs. We look at the key issues.

SuperannuationJPR BUSINESS GROUP10 August 2020smsf, superannuation, self managed super funds

Temporary Occupational Health & Safety Regulations

Temporary Occupational Health and Safety (COVID-19 Incident Notification) Regulations 2020 (OHS COVID-19 Regulations) which commenced on Tuesday 28 July 2020.

Your questions answered. Working from home

During lock down I have had to work from home. I’ve set up a full home office with paintings, plants, a desk, computer equipment, a water tower and a sculpture. I presume I can claim everything I have purchased for this office and claim part of my mortgage and running costs?

TaxationJPR BUSINESS GROUP6 August 2020working from home, tax deductions, Taxation, Tax