Lead Financial Solutions in Melbourne, Victoria, Australia | Financial planner

Lead Financial Solutions

Locality: Melbourne, Victoria, Australia

Phone: +61 3 8678 0378

Address: Waterman, Suite 119, Level 2 UL40 / 1341 Dandenong Rd, Chadstone 3148 Melbourne, VIC, Australia

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

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• Accountant
• Financial planner
• Insurance broker

24.01.2022 Business purchasing assets costing more than $150,000 will be able to claim: - Deduction of 50% of the cost or opening adjustable value of an eligible asset on installation. - If you are using the simplified depreciation rules, you can claim 57.5% of the cost of the asset in the first year you add the asset in the small business pool.... - Business aggregated turnover below $500 million. - Must be a new depreciating asset and not previously held by another entity (other than as trading stock) acquired and first used or installed ready for business use between 12 March 2020 and 30 June 2021. - Must not have already applied other depreciation deductions or the instant asset write off. #healthcare #medicalprofessionals #practitioners #doctors #dentists #clinics

22.01.2022 At Xero Roadshow

21.01.2022 The Federal and Victoria Governments have reached an agreement to make the grants recently announced under Victoria’s Business Resilience Package on 13 September 2020 and future grants programs paid until 30 June 2021 for small and medium business exempt from income tax. The Federal Government will extend this arrangement to all states and territories on an application basis.... Note that there is no official instrument put in place as yet. #healthcare #medicalprofessionals #practitioners #doctors #dentists #surgeons #racgp #racs

21.01.2022 . The eligibility changes, which will apply nationwide from 28 September, will now require businesses to show the requisite actual decline in turnover for the September quarter alone, rather than for both the June and September quarter as previously announced. Likewise, from 4 January 2021, businesses will only need to demonstrate a decline in turnover for the December 2020 quarter, rather than each of the June, September and December quarters.... There will also be a change for the start date for employees, with those hired as of 1 July to be eligible for JobKeeper 2.0

18.01.2022 The typical arrangement for practice to engage independent practitioner is using a tenancy/agency model. However, the recent case Commissioner of State Revenue v The Optical Superstore Pty Ltd [2019] VSCA 197 highlighted the underlying issues of the misconception of how to use this model correctly.... The main points of correctly using this model are as follows: No need to declare the practitioner billings in activity statements; Deposit the practitioner billings in a separate/trust account, and reflect as a liability in the balance sheet; Return all billings to the practitioner and issue a tax invoice for providing the management service; No timesheet needed for the practitioner; and It is critical to write a concise legal agreement/arrangement between the parties. Last but not least, document, document, and document. #healthcare #medicalpractice #doctors #dentists #surgeons #hellenic #medicalprofessionals #radiology #practitioners #primaryhealthcare

17.01.2022 The cents per kilometre rate increase to 72 cents per km for 2020-21. QC33712 #healthcare #medicalprofessionals #practitioners... #doctors #dentists See more

15.01.2022 - Taxpayers working in industries such as healthcare, retail and hospitality can claim a tax deduction on protective items such as face masks, gloves, sanitiser and anti-bacterial. This pivots on these items not being supplied by an employer and not being reimbursed. QC62845. #healthcare #medicalprofessionals #practitioners #doctors #dentists

10.01.2022 Before 01 January 2020, if employees salary sacrificed their gross wages, employers had no obligation to pay superannuation guarantee 9.5% of the nominated wages sacrificed. However, from 01 January 2020, any salary sacrifice amount intended by employees is still subject to employer superannuation guarantee 9.5% entitlement (ATO QC 17235).... It is definitely a no brainer. If you are an employee, you should consider salary sacrifice to double your retirement fund and minimise your tax. At Lead Financial Solutions, we understand doctors needs. #superannuation #employees #registrars #doctors #dentists #healthcare #medicalpractice #medicalprofessionals Contact us today for a free consultation over the phone or arrange a meeting. (03) 8564 8195 or [email protected]

10.01.2022 On 07 April 2020, ATO issued QC 62090 that employees working from home due to the COVID19 can claim a tax deduction under a "shortcut method", i.e. 80 cents per hour. The Shortcut Method is more generous than the existing Home Office Deduction Method QC31977, i.e. 52 cents per hour. It covers internet costs, phone costs, computer consumables, electricity and gas expenses.... It is essential that you keep a record of hours you worked at home, for example, timesheets or diary notes. #healthcare #medicalprofessionals #practitioners #homeoffice #employees #doctors #dentists

06.01.2022 The COVID-19 crisis provides extra reasons to review insurance cover. At Lead Financial Solutions, we can help you with your insurance needs. Unlikely most financial advisers, we are not aligned to any product and always recommend the product best suited to you and your family circumstances. ... We always put our clients interest first! That said, we rebate yearly insurance trail commission less handling fees to you. Contact us today for your insurance needs. 03 8564 8195 or [email protected] #healthcare #medicalprofessionals #practitioners #doctors #dentists #surgeons #insurances #racgp #racs

04.01.2022 Finishing hospital training soon and starting a new journey? Do you know which structure (i.e. company, sole trader or trust) is the best to continue practising? It is one of the most important wealth decisions for a doctor.... Having the right structure deliver optimal tax efficiencies and road to financial freedom and wealth creation. Contact us today for a no obligation consultation. (03) 8564 8195 or [email protected] #Surgeons #Registrars #Juniordoctors #Doctors #Medicalprofessionals #Medicalstudents

02.01.2022 $, It has been extended until 31 Dec 2020. Passenger vehicles, designed to carry a load less than one tonne and fewer than nine passengers, are subject to $57,581 cap. You cannot claim the excess cost of the car. ... The passenger vehicles cap increase to $59,136 from 01 July 2020. Sole traders can only claim the business portion. An absolute no-brainer tax minimisation strategy, the maximum amount of $25,000. Utilise unused caps from previous years. #healthcare #medicalprofessionals #practitioners #employees #doctors #dentists