Avoid a fine – apply for your Director ID asap
Time is running out to apply for a Director Identification Number - Director ID (fines from $13,200 apply for late applications). You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). It is a unique 15-digit identifier [...]
More seeking financial advice
Our previous blog outlined how low and middle-income Australians have a growing need for quality financial advice. However, current compliance obligations are complex, bureaucratic and unprecedented cost-drivers for financial advisers and consumers. And higher-income Australians that can afford Financial Advice are forced to pay increasingly more due to over-regulation. Our [...]
What smart investors do in a volatile share market
In times of share market volatility, it's normal to feel concerned about the drop in values and the effects on your investments and retirement savings. It's also important to understand the 24-hour news cycle reports the majority of "bad news" only and you very rarely see the "good news", especially [...]
Introducing Cheyne Whitford
We're proud to announce Cheyne Whitford B.Com, M.Com (FP), B. Sc, Dip. FS (FP) Dip. FMB Certified Financial Planner®, former Ulladulla Primary & Ulladulla High School Captain, is returning home to the South Coast to join our Financial Services team at Hales Douglass Financial Services. Because we're all about community [...]
Cents per kilometre method
The ‘cents per kilometre’ method broadly allows an individual taxpayer to claim up to a maximum of 5,000 business kilometres per car, per year without the need to keep any written evidence (e.g., receipts) of car expenses. Importantly, taxpayers making a ‘cents per kilometre’ claim are required to demonstrate that [...]
Finance and loans tips
How can a business loan help my cashflow? Business loans can be used for any business purchase, commercial property, and refinancing of existing business loans. They can also be beneficial to free up cash-flow when used for day-to-day running expenses; buying equipment, inventory, insurance premiums, solar installation, unexpected expenses, renovations [...]