The new method of paying your employees superannuation entitlements is approaching fast for businesses employing less than 20 employees*. The date that SuperStream must be implemented and used for small Employers is 30 June 2016. We have received feedback that employers who have already started to use SuperStream are finding the new system a much…
Stanton Mienert have been granted a limited AFS Licence from the Australian Securities and Investment Commission (ASIC). We are pleased to advise that effective 21st January 2016, Stanton Mienert has been granted a limited AFS Licence* from the Australian Securities and Investment Commission (ASIC) and can legally provide financial advice in respect to self-managed superannuation…
At some stage of your business life cycle, it is common to ask –‘Will my business and me benefit from introducing key employees as shareholders?’ In a small business, determining the correct answer to that yes or no question can be very complex and depends on the specific circumstance of your business. You must begin…
Starting from 1 July 2015, small business companies will receive a tax cut of 1.5%, reducing their tax rate to 28.5%. Other small business entities will not be missing out however. They will be entitled to a tax offset of 5% up to $1,000.
Starting a business is hard, so entrepreneurs need all the help they can get. Guy Kawasaki knows a thing or two about getting started. He marketed the personal computer to the world as Apple’s chief evangelist in the ‘80s, sits of the board of the Wikimedia Foundation, and currently evangelises for Australian design company Canva….
Building products supplier James Hardie predicts another strong year ahead for the Australian housing market. Demand for units and high density housing could be dampened by recent interest rate rises for investor loans, but James Hardie expects to benefit from its focus on single-family dwellings. There were 29,343 approvals for construction of detached houses during…
We are very pleased to launch the “New Look” website for Stanton Mienert. The new site makes information about what we do much more accessible…
Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. Much of this trend appears to reflect increased supply,…
With the end of the financial year fast approaching it is important for clients to review their tax position prior to 30 June. Tax planning opportunities may be available to clients, some of which include: Making concessional (tax deductible) superannuation contributions. The maximum concessional contribution for individuals is $35,000 for over 50 and $30,000 for…
The Federal Budget released on 12 May 2015 announced a deduction of capital expenditure for assets up to $20,000 for Small Business Entities (SBE). A SBE is an entity (company, trust, partnership or individual) that has an aggregate business turnover of less than $2 Million. Points to note regarding the instant deduction measure include: Applies…
Lindy Chen of ChinaDirect Sourcing Services named the winner of a Gold Award in the 2015 Asia-Pacific Stevie® Awards, Woman of the Year category. THE ASIA-PACIFIC STEVIE® AWARDS are the only business awards program to recognize achievement in the workplace in all 22 nations of the Asia-Pacific region. The Awards are widely considered to be…
A timely reminder for clients. Prior to entering into any contract for sale or purchase of a commercial premises, see us first so you know where you stand in respect of GST. We recently witnessed an interesting case whereby a buyer, who was registered for GST, purchased a vacant commercial property. The contract was marked…
