Avoid extra tax with a Trust Distribution Resolution before 30 June 2021

By |2021-05-31T12:41:19+10:00May 31st, 2021|Accountant Life, Business, Companies|

In the lead-up to 30 June 2021, we want you to be aware that you need to complete your trust distribution resolutions before 30 June. Why? To avoid paying extra tax of up to 47% of Trust profits. How can this happen? If a Trustee of a Trust fails to make a resolution to

The Value of Cashflow Forecasting During a Crisis

By |2021-05-26T19:10:41+10:00May 26th, 2021|Accountant Life, Business, Companies|

Projecting your cashflow pipeline forwards during a crisis is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position. Plus, when you have

Key points in the Federal Budget 2021-2022

By |2021-05-20T09:50:51+10:00May 20th, 2021|Business, Companies, Federal Budget|

The Federal Budget 2021-22 has many announcements and proposals aimed at economic recovery and includes investment in jobs, essential services, business incentives and tax cuts. Budget Highlights for Business Temporary full expensing measures extended until 30 June 2023 – eligible businesses can claim an immediate deduction for the total cost of depreciating assets. Temporary loss

Know Your Numbers

By |2021-05-05T17:17:36+10:00March 30th, 2021|Business, Webinar|

You don’t have to be an accountant or bookkeeper to understand your numbers, just as you don’t have to be a mechanic to drive a car. Having an overall understanding of your financial reports puts you in a far stronger position to make better decisions. On 23rd March Tuesday, Element Business and Accounting Solutions

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