AustAsia Group in West Perth, Western Australia | Accountant

AustAsia Group

Locality: West Perth, Western Australia

Phone: +61 8 9227 6300

Address: 412 Newcastle Street West Perth 6005 West Perth, WA, Australia

Website: http://www.austasiagroup.com

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25.01.2022 Instant Asset Write Off Tax Incentive. Get in now to maximise Business Tax Deductions. All small, medium and larger businesses in Australia with a turnover of up to $5 billion a year will be eligible for tax write-offs of the depreciation value for the full value of the asset. This allows businesses to write-off the full cost of any asset purchased during this financial year. The Government has announced it will foot the whole cost until June 30, 2021.... https://www.austasiagroup.com//budget-2020-instant-asset-/

25.01.2022 Analysis of the banking sector in Australia post Covid-19 shows the big four will bounce back in the medium to long term. https://www.austasiagroup.com/can-you-bank-on-the-banks-pa/

24.01.2022 Heres a scenario to get you thinking! Say your employer is listed on the ASX and offers you free shares in the company as part of your performance bonus. You also have a home loan, investment rental property and a Self-Managed Superannuation Fund. So what exactly should you do with your unexpected shares do you sell, reinvest - or choose a different option altogether? A client recently came to AAG with this exact quandary, so our team sprang into action to provide a solut...ion that would not only deliver them long-term, sustainable benefits but exceed expectations. Discover more in our latest AAG In Action case study, now available on our website https://www.austasiagroup.com//aag-in-action-maximising-t/

24.01.2022 Being in a position to grow your workforce is a fantastic achievement for any business owner. But while expansion is exciting, whats a little less so are the additional ATO obligations that come with more employees including payroll tax. A client recently came to us because their operations had greatly increased but they were unsure if payroll tax applied to them. It didnt take long to realise that it did, and our urgent help was needed to get them on track.... Thinking this scenario could apply to your business? Read more on our website... https://www.austasiagroup.com//aag-in-action-when-busines/

24.01.2022 The Federal Government announced that the JobKeeper subsidy and the JobSeeker supplement will be extended, but will be reduced. https://www.austasiagroup.com//jobkeeper-and-jobseeker-ex/

23.01.2022 With another year drawing to a close, wed like to take this opportunity to thank our loyal clients and friends for supporting AAG in 2019 and what a year its been! Just some of the many events weve experienced, observed and at times felt the direct effects of include: The Federal Election, with the Australian Labor Party losing what was thought to be the unlosable race to Canberra Economic ups and downs both globally and in Australia, where interest rates fell to the...ir lowest level yet (can they drop further in 2020? Lets wait and see!) A Game of Thrones-esque powerplay between the US and China, and an unlikely friendship forming between the US and North Korea The ongoing saga of Brexit But closer to home and on a more positive note! 2019 has been a great year for AAG and was certainly momentous: we entered our 40th year in operation! We are so proud of our achievements over the past four decades and look forward to supporting our clients for the next 40 years and beyond. To read more about our reflections on the year that was, visit our website now. https://www.austasiagroup.com/austasia-group-christmas-mes/ And from all of the AAG team we hope you and your loved ones have a safe, festive season and a very happy New Year!

23.01.2022 When you drive past a minor bingle on the roads, do you instantly panic and throw away your car keys? Or what about when youre preparing dinner and you accidentally burn your dish is that the end of your cooking career forever? The answer to both of these questions is most likely a resounding No! and we think you should apply the same thinking when it comes to your investments, particularly when theres so much confusion swirling around over whether to buy, sell - or... hang on! Our Investments team has some advice to share on this subject find out more at our website. https://www.austasiagroup.com/rubbernecking-and-investing/

22.01.2022 So what should interest rates be doing? And for that matter how do the banks actually figure out what to charge their customers? As suspense around the RBAs impending announcement builds, we aim to answer these burnings questions - and others! - in the latest article on our website. Take a look now ... https://www.austasiagroup.com/the-rbas-interest-rate-cuts-/ See more

20.01.2022 Happy 40th birthday to us! We are incredibly proud to share that AAG is celebrating four decades of business in Western Australia. Originally opening as business brokers in 1979, our operations have significantly evolved over the years as we adapted to the everchanging economic, political and legal landscapes - and the needs of our loyal clients, some of whom have been with us since the very beginning! ... AAGs services now extend to both businesses and individuals, with our 50 strong team supporting clients in the areas of: Finance Taxation Superannuation Real Estate Legal just to name a few! Our Managing Director, Simon Chesson, whose father Syd and mother Jeanette founded AAG, has reflected on our past four decades in business and we invite you to read this very special article, now available on our website https://www.austasiagroup.com/aag-celebrates-its-40th-birt/ PS: We celebrated our 40th anniversary in style - toasting the success of our team and clients over a glass of champagne and some tasty canapes. See below for a few pics taken at our special event!

20.01.2022 In line with Phase 2 of the State Governments COVID-19: WA Roadmap, we are pleased to announce that we are re-opening our door to clients for face to face meetings. For further information, please visit our website. https://www.austasiagroup.com/we-are-available-for-in-pers/

20.01.2022 The WA State Government has extended the commercial tenancy laws until March 28, 2021 https://www.austasiagroup.com//commercial-tenancy-laws-ex/

19.01.2022 Taking an interest in interest rates? It seems to be one of the hottest topics in the media right now, but how much do you know about interest rate cuts and whats going on in the financial world? Over the next few weeks, our three-part Interest Rates series aims to provide more understanding around the complexities of interest rate cuts, the lending process currently faced by consumers - and the ins and outs of fixed v variable when considering your home loan.... To kick things off, Part 1 examines the key issues facing consumers and businesses and asks the big question: why arent the banks coming to the party? Read more on our website http://www.austasiagroup.com//interest-rates-series-part-/

19.01.2022 Budget 2020: What's going on with MySuper? The Government did not make any unexpected changes to super for the 2020-21 financial year. However there is a bit to unpack, so click here to begin... https://www.austasiagroup.com//budget-2020-whats-going-on/

18.01.2022 The Government has extended and expanded the Coronavirus SME Guarantee Scheme to help cash flow for small businesses starting October 2020. https://www.austasiagroup.com//coronavirus-sme-guarantee-/

17.01.2022 To help stimulate the economy as it recovers from COVID-19, the Federal Government has announced a $2 billion JobTrainer Program. https://www.austasiagroup.com//australian-government-anno/

17.01.2022 Unless youre a real estate professional, not many of us know what to look out for before signing an all-important sales contract. Especially as its such an emotionally charged time - buying a house is exciting, and its easy to gloss over the boring stuff and focus on the moving-in date! As a client of AAG recently discovered, its actually quite easy for real estate agents to forget critical details when preparing contracts. And unless its picked up ASAP, one small om...ission can lead to serious issues down the track. Read more about this real-life situation and how we helped our client. https://www.austasiagroup.com//aag-in-action-settlement-a/

16.01.2022 Its human nature to wonder if the grass is greener on the other side. And with all the current media hype around interest rates, the burning question on many homeowners lips is: Should I change my home loan from variable to fixed.? In the third and final part of our Interest Rates series, the AAG team weighs up the pros and cons of doing just that and youll hopefully have more clarity around your decision if this dilemma applies to you. ... Learn more on our website http://www.austasiagroup.com//interest-rates-series-part-/

16.01.2022 If you own an investment property, it doesnt matter how happy your tenants might seem - at some point theres a very good chance theyll want to break lease or choose not to renew. And as lovely as your property might be, it may not get re-tenanted straight away - leaving you open to a financial headache you really dont need. Thankfully, AustAsia Real Estate Pty Ltd a division of AAG recognises how hard this can be for landlords, and will always go the extra mile (inclu...ding home opens every day of the week!) to find new tenants as quickly as possible. Keen to learn more about our property management services? Visit our website http://www.austasiagroup.com//worried-about-tenant-turnov/

15.01.2022 The US-China trade war Brexit the Hong Kong protests theres a lot happening on our planet at the moment. And with media noise louder than ever, its understandable to be disconcerted by these situations and what they could mean for the economy here in Australia and overseas. To make it a little easier to understand, weve unpacked some of the issues at the core of these current events and how they may affect the global economic climate. ... Read our latest news story https://www.austasiagroup.com/better-than-game-of-thrones/ See more

15.01.2022 While some parts of our lives can handle a little DIY - such as painting the house or fixing a leaky tap - one area we really recommend leaving to the experts is property management. Because, as an AAG client recently learned (the hard way!), unless you have someone experienced looking after your biggest investment how can you be sure youre avoiding: Consistently late rent payments Anti-social behaviour towards neighbours Illegal activity... Damage and destruction to your property Unfortunately for our client all of the above and more! happened while they were self-managing their investment property. But by engaging AAG to help, they were able to get their situation rectified and fast. Discover how we did it https://www.austasiagroup.com//aag-in-action-is-self-mana/

13.01.2022 It should come as no surprise that one of the biggest impacts on the state of the global economy - including the Australian market - is the United States. Although a truce (the third so far) has been declared, the US-China Trade War still looms as the biggest threat to global growth. While US markets are making record highs, there still exists the very real prospect of multiple interest rate cuts here and in the US (to try to boost growth) and Chinas growth hitting a 27-y...ear low. Donald Trump is no doubt sleeping very well at night... but what about the rest of us? To find out how this affects us in Australia including the health of our stock market and superannuation - visit the news story on our website. http://www.austasiagroup.com/special-report-who-is-driving/

13.01.2022 What *can* actually happen next with interest rates? Its a question thats burning on everyones lips at the moment, with conversation expected to increase this week as the RBA gets set to hold its next board meeting on Tuesday 5 November - aka Melbourne Cup Day - a meeting that will include a decision on whether rates stay the same or are cut again. So as we await this meeting - and announcement! - with great anticipation, the AAG team has put together a series of articl...es that aim to decipher: * The effect of interest rates on economic activity; * The current state of play; * What interest rates should be doing; * How interest rates are worked out; and * Why we think theyre not working! Todays article brings you up to speed on where were currently at with rates - read it now on our website https://www.austasiagroup.com//the-rbas-interest-rate-cut/

13.01.2022 AustAsia Real Estate has six ‘off the plan’ 3 Bed, 2 Bath units For Sale in Westminster, all eligible for Government Grants of up to $30,000 https://www.austasiagroup.com//off-the-plan-units-in-west/

12.01.2022 The ATO Big Brother is watching! With the new programs for COVID19, the ATO is using this as an opportunity to increase its activity, particularly on COVID19 programs to collect more tax. https://www.austasiagroup.com//ato-is-increasing-their-fo/

12.01.2022 The Western Australian Government has extended the moratorium on rent increases and other provisions until March 28, 2021 https://www.austasiagroup.com//covid-19-residential-rent-/

10.01.2022 Curious to know how the current global economic climate can work for your investments? Find out how AAGs market experts can help you get ahead of the game http://www.austasiagroup.com/share-prices-are-down-what-sh/

10.01.2022 This article provides some background information on the way that the Instant asset write-off applies to motor vehicles - in particular passenger vehicles. https://www.austasiagroup.com/vehicles-and-the-instant-ass/

09.01.2022 We know youre busy. And when youre busy, its so easy to put those life admin tasks to one side until the very last minute or even later. Completing your tax return is one such task. Its that annual job we all know we need to do but for one reason or another, many Australians arent able to stick to the ATOs 31 October lodgement deadline which can result in a hefty fine. Thankfully, our Extended Lodgement Program provides clients with breathing space to get their out...standing tax returns in order with many able to extend their lodgement to 15 May 2020. Learn more about the Program and how to register on our website https://www.austasiagroup.com/outstanding-tax-returns/

09.01.2022 Review of the Australian Government spending and debt from stimulus packages during the COVID-19 pandemic to try and avoid a long recession. https://www.austasiagroup.com//government-debt-is-it-too-/

09.01.2022 Its a fact of life that if youre in a business partnership, at one stage or another there will be the need for one of you to depart the business whether it be voluntarily or due to unforeseen circumstances. Business succession planning affects all businesses not just those with two or more unrelated directors or owners but also family businesses. In our experience, many businesses want to put a formal succession plan in place but are unsure how to start the process. It i...s often talked about but not properly documented, then when the time comes, chaos can ensue. So, to avoid this, plan accordingly and get expert advice from the outset to help you consider and discuss all the important questions required to put a formal document in place. If you want to learn more, you can discover more about this subject on our website. https://www.austasiagroup.com//the-importance-of-business/

07.01.2022 The Fair Work Commission has just announced a 1.75% increase to minimum wages for all Award wages under the national workplace relations system, for the coming 2021 financial year. https://www.austasiagroup.com//increase-in-minimum-wages-/

06.01.2022 Its hard to believe another Melbourne Cup is done and dusted! Did you back the Australian-owned and trained Vow and Declare? While maybe not receiving as much fanfare as the race that stops the nation, the other big event from yesterday was the RBAs November board meeting and, as widely expected, the decision was made to hold official interest rates at the historic low of 0.75%. So once again, what does this mean for you the individual or business owner and what can w...e expect to happen in the near future? Weve got our thoughts on what approach should be taken. Find out more in the final instalment of our AAG In Focus Interest Rates series https://www.austasiagroup.com/the-rbas-interest-rate-cuts-/

06.01.2022 Federal Budget 2020: What does it mean for your business By taking advantage of both the Temporary Full Expensing and Loss Carry-Back provisions, you can combine them to get a tax refund. We show you how to capitalise on the opportunities.... https://www.austasiagroup.com//budget-2020-what-does-it-m/

06.01.2022 By now youve probably picked up on a theme with our recent posts focusing on the US-China trade war. While AAG doesnt claim to be political commentators or economists, we are in the business of providing guidance and support to our clients which includes tackling some of the biggest issues facing the global markets today and how they can affect you. Todays news story continues to examine the US-China trade war, but this time looks at how consumers in particularly retirees are at a disadvantage due to economic uncertainty. http://www.austasiagroup.com/special-report-us-china-trade/

04.01.2022 In Part 2 of our Interest Rates series, were taking a look at the determining factors involved with home loan applications - and how we can help you to be better prepared when its time to submit your application to the banks! Well cover: The definition of an LVR and how it impacts the application process; How your Serviceability can affect how much you can borrow; and... The key differences between Principal and Interest or Interest Only mortgages. Read more on our website http://www.austasiagroup.com//interest-rates-series-part-/

04.01.2022 A Vaccine is announced, and the Democrats win The White House. But what does this mean for my stock portfolio? Should I buy sell or hold? https://www.austasiagroup.com//what-a-difference-a-vaccin/

03.01.2022 It can be an incredibly stressful time for individuals when a marriage comes to an end. But if the result is a formal separation rather than a divorce there may be even more turmoil ahead, in particular for future partners and dependents. In the eyes of the law, a separated couple is considered legally married, even if living under a different roof, so it is critical to have your estate planning and wills in order. Given the complexities involved, it will give you peace o...f mind to get the right advice from the beginning rather than later down the track when its too late. Read how we helped a client through this difficult time - find out more in the latest instalment of our AAG In Action series. https://www.austasiagroup.com//aag-in-action-the-impacts-/

03.01.2022 Being a multidisciplinary organisation, its common for the AAG team to collaborate when supporting clients through the daunting and highly stressful process of a marriage breakdown - particularly when there are children involved, multiple assets and legal considerations. A client recently came to us for guidance as not only did they want to protect their children as much as possible following their separation, they shared a substantial property portfolio and required signifi...cant financial and legal assistance with managing an equitable split. Find out how we supported them in our latest AAG In Action case study https://www.austasiagroup.com//aag-in-action-when-a-marri/

02.01.2022 We have fielded numerous enquiries of late from our clients seeking advice on finance and new equipment purchases prior to the Instant Asset Write-Off limit reducing on June 30 this year. The Instant Asset Write-Off is available for small and medium businesses (with less than $50m turnover) to write-off the full cost of equipment under $30,000 purchased during this financial year. Once June 30 hits, the Instant Asset Write-Off will revert back to $1,000. As a result, we are strongly advising our clients who are considering a purchase, to do so prior to June 30th 2020 to take advantage of this tax benefit. Please feel free to contact us to discuss any eligible purchase and finance that you are considering. https://www.austasiagroup.com//utilising-the-instant-asse/

02.01.2022 Life is unpredictable - and a healthy financial state can quickly deteriorate, as recently discovered by an AAG client. After being made redundant with little warning, it didnt take long for finances to spiral out of control including significant credit card debts and missed mortgage repayments. The threat of mortgagee action and a forced sale of property was a very real possibility.... But with the assistance of our team our client was back on their feet in no time and were proud to say theyre in an even better position than they were before. Want to find out how we did it? Read our latest AAG In Action now https://www.austasiagroup.com//aag-in-action-how-to-turn-/

01.01.2022 One of the newish players in the Australian smartphone market is Huawei, aka Chinas equivalent to Apple. While it may seem like an innocent little smartphone, Huawei has become one of the most contentious points in the escalating trade war between the US and China. Espionage allegations, the arrest of the CEOs daughtermore like a movie! Some are now calling it a cold tech war, after the US blacklisted Huawei over national security concerns (the CEO of Huawei was previou...sly an officer in Chinas Peoples Liberation Army). Recently President Trump eased sanctions on the brand, which is now the second largest seller of smartphones in the world. Curious to know more about this ever-evolving dispute? Get out the popcorn and read more on our website http://www.austasiagroup.com/special-report-why-is-huawei-/

01.01.2022 If you or someone you know is going through a marriage separation, its critical to seek professional advice on all areas involving assets owned between you and your spouse - and that includes property. Many clients come to us for help after not realising that if one party chooses to take on the home loan - with the others consent - its not a simple transfer of the mortgage. Theres a lot more to it than that, and if a professional hasnt been engaged to help navigate this ...sticky area it could be very expensive for all - and add to an already stressful situation. To find out more about what to be mindful of when facing such a situation, including stamp duty considerations, take a look at AAGs fact sheet available now on our website. http://www.austasiagroup.com//transfer-property-in-a-marr/

01.01.2022 Feel like youre forgetting something? It could be your personal tax return and youd better hurry as theres just nine days remaining before it needs to be lodged with the ATO! But if you need more time, AAGs Extended Lodgement Program provides clients with breathing space to get their outstanding tax returns in order with many able to extend their lodgement to 15 May 2020. Keen to learn more? Visit our website for details on how to register!... https://www.austasiagroup.com/outstanding-tax-returns/

01.01.2022 The WA State Government has now announced the introduction of two housing construction grants and an extension to the Off-the-Plan Duty Rebate Scheme. https://www.austasiagroup.com/new-building-bonus-grants-an/