Blog

Jun 10, 2014
Budget changes effective from 1 July 2014
A summary of the budget changes effective from 1 July 2014 is below: • The personal tax rates for the 2014/15 income year are Taxable income 0 – $18,200 $18,201 – $37,000 $37,001 –
May 14, 2014
2014 Federal Budget Summary
The message in the lead up to the 2014 Federal budget was the days of entitlements were over and everyone is required to contribute to repairing the deficit. A 2014 Federal budget summary outlining
Mar 13, 2014
Enjoy your holiday, just don’t miss your credit card payment by more than 5 days.
On 12 March 2014 (that’s yesterday) new legislation to the Privacy Act has radically changed credit reporting rules in Australia. Prior to these changes, payments that were more than 60 days late
Feb 28, 2014
Increased ATO data matching to occur from 1 July 2014
SmartCompany have reported from 1 July 2014 that ATO data matching regime will be expanded to capture additional information that is not currently available to the ATO. The 2014/15 financial year
Jan 21, 2014
Division 293 – Additional tax for high income earners.
The ATO has announced that it will begin issuing notice of assessments for Division 293 tax for the 2012-13 year in early February 2014. The due date for payment of this tax will generally be 21 days
Jan 15, 2014
Summary of tax changes
Happy new year to all! I thought it would be useful to summarise some of the announced changes and non changes to the Governments tax policy. After all, we had a change of government last year,
Dec 23, 2013
Cash back for employers creating jobs
For businesses paying NSW payroll tax, they may be eligible to receive up to $5,000 for each increase in their full time equivalent (FTE’s) employees that have been created since 1 July
Dec 13, 2013
Small business’ last chance…….17 day’s left
New year’s eve will be upon us in 17 days and most of us will take time to reflect on the year that was and look forward to the opportunities and challenges of 2014. For small businesses (i.e.
Dec 3, 2013
ATO’s (x-ray) vision
The ATO has announced a number of initiatives that they would like implemented by 2020, which will completely change the way they interact with taxpayers and hopefully be more efficient for both
Nov 25, 2013
GST Fundamentals
For anyone who is commencing a business, it is important to understand the fundamentals of GST to ensure that any claims being made are legitimate and there are unlikely to be any unexpected
Nov 7, 2013
Government scrapping previous tax changes
The new Liberal Government is scrapping the majority of proposed tax changes put forward by the previous Labor Government. One of the more notable proposals to be scrapped is the capping of self
Nov 3, 2013
Working capital analysis
Working capital is one of the more difficult financial concepts to understand for small-business owners. Working capital is the amount of funds that you need to retain in your business to keep it
Nov 3, 2013
Using key drivers of profitability
Bramelle Partners identify and monitor the key business drivers critical to boosting your profitability. Key business drivers are aspects of your business operations that have a major impact on
Nov 3, 2013
Salary packaging advice
Bramelle Partners will assist with developing and reviewing remuneration packages to help you provide incentives to maintain your workforce. The aim of salary packaging is to create benefits for
Nov 3, 2013
Internal control review
Bramelle Partners will assess your business’ financial operating systems (accounting systems, payroll, etc) and controls and provide advice on improvements. We review your accounting software and
Nov 3, 2013
Financial review and goal setting
Bramelle Partners knows that for businesses there is a strong correlation between financial performance and effective goal setting. Setting and reviewing effective goals helps businesses to be
Nov 3, 2013
Financial KPI and non financial KPI reporting
Bramelle Partners helps business owners develop, measure and report on the business factors that give you a competitive advantage. Key performance indicators (KPIs)—both financial and
Nov 3, 2013
Employee share schemes
Start-ups and established companies often provide equity to provide a long-term incentive for key employees to remain with their employer. Bramelle Partners provides advice on how to best structure