"Coming together is a beginning. Keeping together is progress. Working together is success." - Henry Ford
Budget 2024: New Tax Thresholds
The government has unveiled its 2024 Budget with a core election promise delivered regarding tax relief.
Take the Stress Out of Payroll
Stay compliant with your payroll and get the help you need to boost your efficiency.
Restructuring or Selling Your Business
What are the factors to consider when making a significant change in your business.
The DVA Fishing Charter
The planned fishing charter last summer got cancelled because of the bad weather but it was rearranged this month and it was a real success.
Budget 2024: New Tax Thresholds
The Budget stated that 1.9 million households would benefit from the overall relief package by an average of $30 a week. Households with children would benefit by $39 a week on average.
The Independent Earner Tax Credit is being expanded, with the upper limit for eligibility rising from an income of $48,000 to $70,000, with amounts reducing from $66,000+ instead of $44,000+.
A minimum wage worker could expect about $12.50 a week, while superannuitants would take home just $4.50 a week.
National campaigned on enacting these changes at 1 July, but the start date has been pushed back four weeks after advice from Inland Revenue to allow payroll providers more time.
The in-work tax credit will also go up by up to $25 a week from 31 July. National had campaigned on that kicking in from 1 April. The relief package also includes a childcare payment for low-and-middle-income households as already announced.
Let us help you free up your time by outsourcing your payroll with us. Focus on the more important aspects of your business and reduce the risk of costly errors in payroll processing. Whether you're adding new employees, expanding to new locations, or navigating changes in tax laws, we can help you adapt to your evolving needs.
When it comes to restructuring or selling your business, navigating through the process can be daunting. However, it's important to remember that making changes is often necessary for growth and success. By following a strategic process, you can minimize stress and ensure a smooth transition.
When it comes to selling your business, preparation is key. Take the time to showcase your business in the best light possible to attract potential buyers. Getting a professional valuation from an accountant will help you understand the true value of your business and guide you through the selling process. Remember, putting in the effort to make your business shine will pay off in the long run.
The DVA Fishing Charter was a long-awaited event for the team, initially planned for last summer but unfortunately cancelled due to bad weather. However, luck was on our side as we managed to reschedule the trip this month, and what a success it turned out to be!
We booked the charter boat at Megabites Fishing Charter, where our captain Darell, guided us to reel in an impressive total of 41 fresh snappers. Among the highlights were John's remarkable catch measuring 69 cm, our newest team member Min's impressive 68 cm snapper, and Alvin's commendable 62 cm haul. Despite a few team members experiencing bouts of sea sickness, everyone in the team left with smiles and plenty of fish to fry.
