CharterNet Advisers in Sydney, Australia | Business consultant

CharterNet Advisers

Locality: Sydney, Australia

Phone: +61 2 8999 1199

Address: Suite 2003 Level 20 109 Pitt Street 2000 Sydney, NSW, Australia

Website: http://charternet.com.au

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25.01.2022 Medical, dental & allied health practice managers share common challenges a key one is staying on top of the business financials. Read how one client automated their practices financial management and freed up his teams time to focus on delivering top tier patient service. https://charternet.com.au/blog-wisdom-centre-case-study/

25.01.2022 Prime Minister Scott Morrison yesterday unveiled the largest single fiscal stimulus package in Australias history, Jobkeeper, costing $130 billion over the next six months.

24.01.2022 The Senate Economics Legislation Committee’s inquiry into the Federal government’s widely criticised plan to cut $1.8 billion from the research and development tax incentive (RDTI) has again been pushed back. As Government Incentives specialists, CharterNet strongly supports the need for a thorough review into the proposed legislation and the impact the changes would have on R&D activities within Australia, particularly the unfair impact on start-ups. https://www.chartered.net.au/charternet-rdti-inquiry/

23.01.2022 JobKeeper The next episode (Legislation, Rules and FAQs) As you may be aware, JobKeeper legislation was passed last week, and together with the Treasurers Rules is now law. In this blog, we aim to address the main findings from the legislation and answer the questions most frequently asked by clients since our last update.... https://www.charternet.com.au/jobkeeper-the-next-episode-l/

23.01.2022 The R&D Tax Incentive has been featured in the media recently, confirming how important best practice principles are when it comes to lodging your R&D Tax Incentive. https://charternet.com.au/recent-media-rd-tax-incentive/

23.01.2022 Some of our key takeaways from last nights budget: Tax relief for low and middle-income earners from 2018-19 in the form of an increased tax offset of up to $1,080. Changes to tax thresholds and rates starting from 1 July 2022 and 2024 The instant asset write-off for small business will be increased from $25,000 to $30,000 and will be available to medium businesses with turnover up to $50 million The ATOs Tax Avoidance Taskforce will receive an extra $1 billi...on in funding over four years A $525 million skills package to create 80,000 new apprenticeships There will be further investment in aged care funding and a focus on safety and quality There is an increase to the 10-year infrastructure budget from $75 billion to $100 billion. See more

23.01.2022 An article from the Sydney Morning Herald with some eye-opening results. The Productivity Commission warns the country is going through its first period of "capital shallowing" and said the number of businesses that could be described as "innovators" was flat-lining. What the article fails to mention is that approximately 70 percent of eligible businesses arent currently taking advantage of the R&D Tax Incentive, effectively leaving money on the table. We imagine more consideration here would improve the state of things significantly. Now is the time to think about R&D Tax Incentive eligibility in advance of year-end with an opportunity to get a head start on the process for an effective claim following 30 June. Click here for more information -https://charternet.com.au/rd-tax-incentive/

22.01.2022 From 1 April 2020, AUSkey will be officially replaced by myGovID and RAM (Relationship Authorisation Manager) as the official secure-login service for the ATO. Heres what you need to know.

22.01.2022 Yesterdays update to the Stimulus Package takes total government support to $189bn, or 9.7% of GDP. Find out how the Boosting Cash Flow for Employers package will apply to you here.

22.01.2022 Diversity in the workplace is fast becoming the norm. Research from Deloitte found that 72 per cent of employees would leave their company for a more diverse organisation, with 53 per cent of millennials already having done that. Read more about the benefits of a diverse workplace on our blog: https://charternet.com.au/diverse-workplace-success/

22.01.2022 Don’t forget, if your small business or not-for-profit organisation has experienced a decline in turnover as a result of COVID-19, you may be eligible for a small business recovery grant of between $500 and $3000. Note: Applications close 11:59pm Sunday 16 August 2020. Find out more here: https://www.service.nsw.gov.au//apply-small-business-covid

22.01.2022 Governments post-COVID plan for tech growth. The rate at which Australian businesses have successfully adapted to the changing environment has led the Federal Minister of Industry, Science & Technology to establish a new group to strengthen the countrys transition to a digital economy. The Groups aim is to collectively lift the digital capability of Australian business and contribute to making Australia a world-leading digital economy by 2030.... Keep reading: https://www.chartered.net.au/governments-post-covid-plan-f/

21.01.2022 In last week’s Federal Budget, the Government announced it intends to encourage innovation and has included a number of packages aimed at enhancing the current Research and Development Tax Incentive (R&DTI). Given the overwhelming dissatisfaction from the business community towards the originally proposed reform to the R&DTI, it is fair to say that these changes were met with positivity. https://www.chartered.net.au/federal-budget-2020-research-/

20.01.2022 Big changes to discretionary trusts could be on the horizon in New South Wales, although finalisation of these changes wont be made clear until the new year. https://charternet.com.au/discretionary-trusts-update-stam/

20.01.2022 Were experts in tax consolidation and international tax. http://ow.ly/FrqS30kgnRP

20.01.2022 In the era of Uber, AirBnb and Airtasker, we live in a world where commoditisation of assets (cars, property and our time respectively) is increasing human output and our return on assets. The finance space is no different and we predict we will very quickly live in a world where the services provided by bookkeepers, tax advisers, Virtual CFOs and corporate advisers will all be delivered as an integrated service CharterNet Finance Function. https://charternet.com.au/is-it-time-to-break-up-with-your/

20.01.2022 Now in our ninth year, we have firmly established ourselves as an advisory leader to emerging and fast-growth businesses. This video provides an overview of our service offering while expressing what makes us different.

19.01.2022 The ATOs long-awaited guidance on the alternative fall in turnover test for JobKeeper was just released. The alternative test is designed to support cases where there may not be an appropriate relevant comparison period and makes reference to seven specific circumstances. Learn all about it here: https://www.chartered.net.au/jobkeeper-the-alternative-tes/ #jobkeeper #alternativetest

18.01.2022 Dont forget, if your small business or not-for-profit organisation has experienced a decline in turnover as a result of COVID-19, you may be eligible for a small business recovery grant of between $500 and $3000. Note: Applications close 11:59pm Sunday 16 August 2020. Find out more here: https://www.service.nsw.gov.au//apply-small-business-covid

18.01.2022 In the lead-up to the Federal Election, Shadow Treasurer Chris Bowen has announced Labors proposal to reform Australias property tax system - limiting investors access to negative gearing & capital gains tax discounts. For those contemplating acquiring or disposing of investments in the near future, itll be important to understand the possible implications before you transact. Read on to learn more.

17.01.2022 Did you know that you can claim certain overseas expenditure in preparation of your R&D Tax Incentive claim? Our senior consultant, Deepika Gunasekaran explains how this process works. https://charternet.com.au/eligible-overseas-randd/

17.01.2022 We love working with growing and emerging businesses. Particularly when theyre recognised by the Financial Review. Congratulations to Alley HQ, #PharmakoBiotechnologies, Automotive Superstore for being featured in the Fast Starters and Thinkmill for being featured in the Fast 100!

15.01.2022 - Federal court decision on R&D Tax Incentive matter - CharterNet welcomes the latest Federal Court decision on Moreton Resources Limited and Innovation and Science Australia. The Court remitted the matter back to the Administrative Appeals Tribunal (AAT) for further consideration, in relation to its decision last year concerning the eligibility of an underground coal gasification pilot project. The substantive issue on appeal was whether the Tribunal erred in its narrow con...struction of core R&D activities, and in doing so had implicitly rejected Moretons alternative submission that if the activities were not core, they were nonetheless supporting R&D activities because they were directly related to core R&D activities registered during an earlier income year. In a welcome development for taxpayers, the Court held that the Tribunals narrow construction of core R&D activities in the first instance was in error and to be set aside. The AAT will now reconsider the merits of the Applicants claims in accordance with the judgment handed down yesterday. At CharterNet, we are encouraged by positive steps for the taxpayer with legitimate R&D claims being recognised and evaluated, and greater clarity displayed on the application of the research and development provisions. We welcome access to information for program participants and their advisers to understand the decisions of the Court and the AAT in relation to the R&D Tax Incentive program. You can find the full decision here: https://www.judgments.fedcourt.gov.au///2019/2019fcafc0120 If you would like any clarification on R&D Tax Incentive rules and eligibility, please do not hesitate to reach our team.

14.01.2022 AusIndustry recently released a set of guidance on making R&D claims on software development activities as well as on the common mistakes and misconceptions claimants often make. Our latest article examines how you will need to assess your activities. Read it here: https://charternet.com.au/refactoring-software-r-and-d-aus/

14.01.2022 Workplaces are transforming. Smart companies are fast recognising the benefits of outsourcing their chief financial officer (CFO) function. Read our blog to find out why your business might benefit from a virtual CFO. #vcfo #virtualcfo #outsourcingcfo #financialadvisers

13.01.2022 The Early Stage Innovation Company (ESIC) tax incentive is perhaps one of the most generous, yet least known of tax incentives available in Australia today. Read more about what it is and how it helps businesses raise capital in our latest blog. https://charternet.com.au/what-is-the-esic-tax-incentive/

12.01.2022 Has there ever been a more eagerly anticipated Federal Budget? Not in recent times that’s for sure. The Treasurer has announced a range of spending, tax cuts and employment boosting measures to steer the Australian economy out of recession.| Outside of bringing forward planned tax cuts for individuals, the Budget overwhelmingly focuses on aiding businesses in their recovery and growth as the Government begins its transition off stimulus support.... So, what does the Budget mean for your business? https://www.chartered.net.au/federal-budget-2020/

12.01.2022 The Governments $17.6 billion economic plan to keep Australians in jobs and what it means for SMEs, affected sectors and households.

11.01.2022 The Governments $150,000 Instant Asset Write Off represents a solid opportunity for businesses to bring forward any planned or unplanned investment and weve detailed everything you need to know about eligibility, thresholds and timing so you can make the most of it before 30 June 2020. These are indeed trying (and unprecedented) times for many businesses, families and our broader community and if we can assist at all, please get in touch.

10.01.2022 This time last week we were celebrating and embracing our cultural diversity over a wonderful lunch as part of Harmony Day. From our family to yours, have a great week.

09.01.2022 Minister Hon Karen Andrews commits to helping the tech industry achieve clarity around the R&D Tax Incentive (RDTI).

09.01.2022 CharterNet has been working with Prismatik since 2014-15, taking reins of the annual R&D Tax Incentive application process and delivering exceptional results. Read the case study here: https://bit.ly/370yMBi

09.01.2022 Rent relief to be provided by landlords proportionate to eligible tenants loss in revenue due to COVID-19 is now mandatory, following the PMs address yesterday. The announcements, of course, seem very much tipped in favour of tenants, so landlords are encouraged to seek bank mortgage relief such that loan repayments can be deferred for up to six months further relief on land tax and rates also to be made available.

08.01.2022 Thank you to all that attended our annual Christmas party. Wishing you all this best this holiday season.

08.01.2022 The Senate Economics Legislation Committees inquiry into the Federal governments widely criticised plan to cut $1.8 billion from the research and development tax incentive (RDTI) has again been pushed back. As Government Incentives specialists, CharterNet strongly supports the need for a thorough review into the proposed legislation and the impact the changes would have on R&D activities within Australia, particularly the unfair impact on start-ups. https://www.chartered.net.au/charternet-rdti-inquiry/

07.01.2022 Weve provided an easy-to-navigate COVID-19 stimulus support checklist and reference point, to ensure that you are accessing as much as possible to get through this unprecedented time. https://chartered.net.au/covid-19-relief-stimulus-support-/ #covid19 #stimulus

04.01.2022 The R&D Tax Incentive Deadline is less than 5 weeks away. You dont want to miss out on lodging your claim and leaving it until the last minute. Subject to eligibility, registration of R&D activities is the critical first step in accessing the R&D Tax Incentive. While the deadline is 5 weeks away (30 April), to guarantee lodgement we strongly recommend businesses get started immediately.

02.01.2022 Billy has worked with Charternet for the last four years to process their annual Research and Development Tax Incentive (RDTI) application. By helping ease administrative burdens for companies such as Billy, the pace at which innovation can be achieved is incredible. Read the case study: https://www.chartered.net.au/billy-case-study/

01.01.2022 The commercialisation of medicines and therapeutic treatments is a long and expensive journey. The scientific and regulatory hurdles are significant. Ensuring there is sufficient cash flow along the way is essential for such innovations to reach the market and eventually, patients in need. http://www.charternet.com.au/conducting-clinical-trials-in/