HYD Advisory in Sylvania Waters, New South Wales, Australia | Financial planner

HYD Advisory

Locality: Sylvania Waters, New South Wales, Australia

Phone: +61 2 8543 6800

Address: Suite 3, 284 Belgrave Esplanade 2224 Sylvania Waters, NSW, Australia

Website: http://www.hydadvisory.com.au

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25.01.2022 Update ATO Tax Tables https://www.hydadvisory.com.au/news/updated-ato-tax-tables/

24.01.2022 AUTUMN 2020 NEWSLETTER PROFIT MATTERS https://www.hydadvisory.com.au//Autumn-2020-Newsletter-Pro

24.01.2022 In this podcast Mark Pinhorn from HYD Advisory is interviewed by Craig West on the benefits of bringing a CFO (even on a part time basis) into your business sooner rather than later. https://www.hydadvisory.com.au//bringing-a-cfo-into-busin/

22.01.2022 As a valued member of our community wed love to invite you to our event for business owners and those who are involved in the property industry. During the business luncheon, youll learn from experts about how to get your share of free money from the government, why some business owners achieve much more success than others plus hear about the outlook for Sydney property and where the opportunities & risks lie. When: Friday 3rd November, 12pm for 12.30pm start - 3pm close. ...(This includes a three course lunch) Where: Sharks Leagues Club (461 Captain Cook Drive WOOLOOWARE NSW 2230) LIMITED SPOTS AVAILABLE - Book your ticket and/or table

22.01.2022 MERRY CHRISTMAS! The team at HYD Advisory send our best wishes for a wonderful Christmas and a happy, healthy New Year. We hope you are able to take a well earned break and enjoy this time of year with your family and friends. We sincerely thank you for your support and loyalty.... We look forward to working with you again in 2020 for an even bigger and more exciting year. Warmest regards Mark, Jon and the team at HYD Advisory. Important Dates! HYD Office closes 20th December 2019 at 11.30am HYD Office re opens 6th January 2020 (skeleton staff) HYD Office fully staffed 13th January 2020

21.01.2022 Profit Matters - Spring 2020 https://www.hydadvisory.com.au//spring-2020-newsletter-pr/

21.01.2022 HYD Advisory Business Matters Newsletter - Q2 2019 https://www.hydadvisory.com.au//business-matters-newslett/

20.01.2022 BUSINESS MATTERS NEWSLETTER Q2 2020 https://www.hydadvisory.com.au//Business-Matters-Q2-2020.p

20.01.2022 HYD Advisory Autumn 2019 Newsletter - Profit Matters https://www.hydadvisory.com.au//profit-matters-magazine-a/

19.01.2022 CLIENT BUSINESS CONTINUITY PLAN AT HYD ADVISORY WE ARE HERE TO SUPPORT OUR VALUED CLIENTS DURING THIS CHALLENGING TIME. WE ARE ATTEMPTING TO CONTACT AS MANY CLIENTS AS POSSIBLE BY PHONE AND/OR VIA ZOOM MEETINGS. PLEASE REACH FOR SUPPORT IF YOU NEED IT.... Click the link below for the Client Business Continuity Plan https://www.hydadvisory.com.au//COVID-19-Client-Business-C

19.01.2022 Merry Christmas from the team at HYD Advisory

19.01.2022 Refunds for Tax Losses If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits. In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously taxed profits between 2018-19 and 2020-21.... The loss carry-back rules enable a company to offset tax losses against profits taxed in a previous year, generating a refundable tax offset. The amount carried back can be no more than the earlier taxed profits, limiting the refund to the company’s tax liabilities in the profitable years. The company can choose to carry-back a loss or carry it forward. That is, tax losses for the 2019-20, 2020-21 or 2021-22 income years can either be: Carried forward and deducted against income derived in later income years; or Carried back against income of earlier income years as far back as the 2018-19 income year to produce a refundable tax offset. Click Here for Further Information https://www.hydadvisory.com.au/news/refunds-for-tax-losses/

19.01.2022 BUSINESS MATTERS NEWSLETTER Q2 2019 https://www.hydadvisory.com.au//business-matters-newslett/

19.01.2022 MAXIMISE YOUR $25K SMALL BUSINESS STIMULUS PAYMENT URGENT STRATEGY - YOU MUST ACT NOW TO MAXIMISE $25K STIMULUS PAYMENT Ok, weve been through the Governments, proposed Economic Stimulus Package regarding the $25k PAYG Withholding payment and have concluded that many businesses are going to need help to fully access and optimise the small business payment.... Dont wait until June to address this because the activity statement and payment cycle can begin from 21 April 2020 through to 28 July 2020. Stimulus payments are based on the content of those activity statements and accordingly nuances in your strategy will affect the amount of payment you receive. As you can appreciate, we may need to undertake planning in order to optimise the benefits for your business in these uncertain times. There are also a lot of micro employers that may be able to access the $2k minimum payment. For those of you that would like to work through a detailed example, please see below; EXAMPLE OF THE POTENTIAL BENEFIT OBTAINED FROM THE $25K PAYG WITHHOLDING PROPOSAL Brown Family Trust is a discretionary trust that operates a small family business selling childrens clothing online. The trust is controlled and operated by a husband and wife team. Each year the trust makes a profit of around $100,000. This is after salaries totalling $120,000 paid to the owner-operators ($60,00 each per annum). With these salaries paid on an even monthly basis, the total PAYG withholding paid each quarter by the trust to the ATO would be $6,138. Accordingly, for the quarters ended 31 March, 2020 and 30 June 2020 the total PAYG withholding paid would be $12,276. If this strategy is maintained, the stimulus payment entitlement would be $ 6,138. However, if the salaries are increased from $120,000 to $220,000 then there would be an extra PAYG withholding amount payable in the final two quarters of the 2020 financial year. Depending on when the extra salary was paid the PAYG withholding obligation in the last six months of the 2020 financial year would increase to between $30,420 to $ 38,796. This would result in a stimulus payment entitlement of between $15,210 and $19,398. Thats an increase in your stimulus payment entitlement of $13,260. Tax-free money. Importantly there would be no change to their personal tax position as all trust profits would have been distributed to them anyway. Other Considerations - Super and On Costs We will discuss with you the impact of any changes to your remuneration on you and your business before taking any action. You may be required to pay additional Super, Payroll Tax and Workers Compensation Insurance, but the amount will depend on your circumstances. The details are yet to be finalised. We will be in touch to discuss your specific circumstances. Please find details on the Australian Governments Economic response to the Coronavirus in the link below; https://www.hydadvisory.com.au//Fact-sheet-Assistance-for-

18.01.2022 JobMaker Hiring Credits: What We Know So Far We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll let you know as soon as we have some certainty. Here is what has been announced so far: What is JobMaker?... JobMaker is a credit available to eligible businesses for hiring additional employees (not if you are merely replacing someone who left). The hiring credit is available for jobs created from 7 October 2020 until 6 October 2021. The credit provides: $200 per week for new employees between 16 to 29 years of age, and $100 a week for new employees between 30 to 35 years of age. Payment is from the start date of the employee for 12 months. Click Here for Further Information https://www.hydadvisory.com.au//jobmaker-hiring-credits-w/

18.01.2022 Business Matters Newsletter Q4 2020 https://www.hydadvisory.com.au//business-matters-newslett/

17.01.2022 THE SECOND $66.1 BN STIMULUS PACKAGE: WHAT YOU NEED TO KNOW https://www.hydadvisory.com.au//the-second-66-1-bn-stimul/

15.01.2022 Tax deductions for investing in your business Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that an asset’s cost will be fully deductible in the year it’s installed ready for use, rather than being claimed over th...e asset’s life. And, there is no cap on the cost of the asset. When it comes to second-hand assets the rules are a bit different depending on the size of the business. Businesses with an aggregated turnover under $50 million can claim an immediate deduction for the cost of second-hand assets under the new measures. Instant asset write-off thresholds Aggregated turnover under $10m Aggregated turnover under $50m Aggregated turnover under $500m Aggregated turnover under $5bn 1 July 2018 28 January 2019 $20,000 - - - 29 January 2020 2 April 2020 $25,000 - - - 2 April 2020 11 March 2020 $30,000 $30,000 - - 12 March 2020 31 December 2020 $150,000 $150,000 $150,000 - 6 October 2020+ 30 June 2022 unlimited unlimited unlimited Unlimited Click Here for Further Information https://www.hydadvisory.com.au//tax-deductions-for-invest/

14.01.2022 ATO JOBKEEPER AUDIT TARGETS The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources. The JobKeeper estimates error...Continue reading

14.01.2022 JobKeeper 2.0 https://www.hydadvisory.com.au/news/jobkeeper-2-0/

14.01.2022 TOP 10 GOVERNMENT STIMULUS INITIATIVES - FOR BUSINESS OWNERS (AS AT 7 APRIL 2020) https://www.hydadvisory.com.au//top-10-government-stimulu/

13.01.2022 Federal Budget Update 2019-20 Key Budget Takeaways Personal Tax Cuts - $19.5bn package of personal income tax cuts Great for middle income earners ( for example, if you earn $90,000 p.a. you will receive a tax reduction of $1,215).... Small Business - Instant asset write-off increased to $30k and expanded to businesses under $50m Great incentive for business owners to upgrade plant and equipment! Massive ATO funding boost - Specialist tax advisers the focus of $1bn ATO task force funding Look out multi-nationals The ATO is coming after YOU! Infrastructure - $100bn in infrastructure projects across all States and Territories This will provide a boost for those in construction and related industries as there will be more Government projects. If you have any questions, please contact HYD Advisory on 02 8543 6800. http://www.hydadvisory.com.au/news/key-budget-takeaways/

13.01.2022 Shire Christmas Fundraiser by Trusted Business Network

12.01.2022 HYD Advisory Spring 2018 Newsletter - Profit Matters http://www.hydadvisory.com.au/profit-matters-magazine-spri/

11.01.2022 THE STIMULUS PACKAGE: WHAT YOU NEED TO KNOW The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. ...Continue reading

11.01.2022 JOBKEEPER STEP BY STEP DETAILS FROM ATO ON HOW TO ACCESS IT https://www.hydadvisory.com.au//jobkeeper-step-by-step-de/

10.01.2022 HYD Advisory - Introduction Video https://www.youtube.com/watch?v=luvl3qniam8

09.01.2022 FINALLY SOME CLARITY FOR COMMERCIAL LANDLORDS & TENANTS https://www.hydadvisory.com.au//finally-some-clarity-for-/

09.01.2022 Please see below podcast interview with Craig West,Host and CEO of Mentored & Mark Pinhorn, about why its essential you put the right structures in place to protect your small to medium business and the wealth youve spent years, blood, sweat and tears creating - even if the unexpected occurs. http://admin.podcastone.com//sme/episode/Asset-Protection

09.01.2022 Business Matters Newsletter Q3 2020 https://www.hydadvisory.com.au//business-matters-newslett/

08.01.2022 HYD Advisory Spring 2019 Newsletter - Profit Matters https://www.hydadvisory.com.au//profit-matters-magazine-s/

07.01.2022 JobKeeper 3.0 The Treasurer has announced further changes to JobKeeper, following on from our Newsletter JobKeeper 2.0 on 23 July 2020. SUMMARY OF KEY POINTS... 1. The relevant date of employment will move from 1 March 2020 to 1 July 2020, which increases the number of employees able to access JobKeeper. 2. JobKeeper payments from 28 September 2020 - 3 January 2021: Eligibility will be dependent on a 30% reduction in actual turnover between 1 July 2020 and 30 September 2020. Note: This is for business with an aggregated turnover of $1billion or less. See link below for details on larger businesses and not for profits. 3. JobKeeper payments from 4 January 2021 to 28 March 2021: Eligibility will be dependant on a 30% reduction in actual turnover between 1 October 2020 to 31 December 2020. 4. Payment rates reduced to $1,200 per fortnight from 28 September 2020 and $1,000 per fortnight from 4 January 2021. Note that there are further reductions in payments for employees working less than 20 hours per week. For further details please refer to the Treasury Fact Sheet Here. Did you find this newsletter useful? If yes, please feel free to forward it onto a business colleague or friend. If you have any concerns regarding your circumstances please contact your client manager on (02) 8543 6800 or email them directly.

07.01.2022 Superannuation Guarantee Amnesty Ends 7 September 2020 Do you need to apply for the superannuation guarantee amnesty? If yes, you need to act now. If you have unpaid super to your employees, you must apply for the amnesty no later than 7 September 2020 to avoid incurring penalties or paying administration fees.... To be eligible for the amnesty you will need to meet the following criteria Have unpaid super between 1 July 1992 to 31 March 2018. Have not been informed the ATO is examining or intends to examine your SG obligation for the above period. You have not already advised the ATO of the shortfall. You must lodge your application no later than 7 September 2020 You will be able to claim a tax deduction for the super amnesty amounts paid to the ATO by 7 September 2020. Click Here for Further Information https://www.ato.gov.au//super-for-employers/superannuati/

06.01.2022 HYD Advisory Summer 2018 Newsletter - Profit Matters http://www.hydadvisory.com.au/profit-matters-magazine-summ

05.01.2022 HYD Advisory Business Matters Newsletter - Q1 2019 http://www.hydadvisory.com.au/business-matters-newsletter-/

05.01.2022 HYD Advisory Business Matters Newsletter - Q4 2018 http://www.hydadvisory.com.au/business-matters-newsletter-/

04.01.2022 COVID 19 Stimulus: $25,000 home builder scheme HOMEBUILDER: WHAT IS IT AND HOW DO YOU ACCESS IT? The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. ...Continue reading

03.01.2022 BUSINESS MATTERS NEWSLETTER Q4 2019 https://www.hydadvisory.com.au//business-matters-newslett/

03.01.2022 http://admin.podcastone.com//sme-/episode/Asset-Protection

01.01.2022 https://successionplus.com.au//mid-market-matters-mark-pi/