Commercial tenancies rent relief package
April 20, 2020
On April 7, the Government announced new commercial rental waivers and deferrals for tenants that have been severely impacted by the coronavirus crisis. The draft Code of Conduct is to impose a set of ‘good faith leasing principles’ and intended for landlords and tenants to share a proportionate financial risk and cashflow impact during this…
Economic Stimulus Package – Boosting cash flow for employers
April 20, 2020
An economic stimulus package is being put in place to support businesses to manage cash flow challenges and assist them retain their employees to continue to stay viable through the coronavirus crisis. The Government is providing tax-Complimentary cash flow boosts between $20,000 and $100,000 to eligible businesses delivered through credits in the activity statement system…
Accelerated depreciation deductions to benefit businesses
April 20, 2020
The Government has accelerated depreciation deductions for the next 15 months. Up until June 30, 2021, businesses turning over less than $500 million will be able to deduct 50 per cent of the cost of any eligible asset the moment it’s installed. It’s predicted these two tweaks to the investment rules could benefit up to…
Support for business investment
April 20, 2020
The government is loosening the criteria around the instant asset write-off. Pre-Coronavirus, businesses with a turnover of up to $50 million could instantly write-off the purchase of assets costing up to $30,000. Post-Coronavirus, businesses with a turnover of up to $500 million can write off asset purchases of up to $150,000. Contact the Centaur Financial team…
The JobKeeper Program: Help for businesses
April 20, 2020
The Australian Government has announced unprecedented assistance to help businesses of all sizes manage their cashflow and retain their employees. The six-month JobKeeper Payment of $1,500 a fortnight per employee is made through the tax system and is available to small, medium and large businesses, and not-for-profits. Legally employers must pass on the payment to…
Coronavirus and Global Volatility
March 10, 2020
Special Update – Monday 9th March, 2020. Today the Aussie market suffered the worst decline since October 2008 with the ASX 200 -455.6pts or -7.33% to 5760.6pts. All sectors finished in negative territory with the energy producers the hardest hit due to plunging oil prices. The market is now at a 13 month low and…
AFA Adviser of the Year 2018
October 17, 2018
We are excited to announce that Hugh Robertson has won the AFA Adviser of the Year Award at the 2018 AFA National Advisers Conference. Being among the top three national grand finalists in itself is an honour. But to win the award for being the best financial adviser in Australia was surreal and beyond belief.
Data security – protecting your business
June 19, 2018
The recent Facebook scandal demonstrates how serious data security breaches can be, but they aren’t limited to large organisations. Is your business data secure?
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