Lynden Group Melbourne in Melbourne, Victoria, Australia | Financial planner

Lynden Group Melbourne

Locality: Melbourne, Victoria, Australia

Address: Level 6 24 ALBERT ROAD SOUTH 3004 Melbourne, VIC, Australia

Website: https://lyndengroup.com.au/contact-us

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25.01.2022 TOP 3 GOVERMENT GRANTS FOR STARTUPS 1/ Entrepreneurs' programme This programme replaced Commercialisation Australia and the Innovation and Investment Fund in 2014, aims to help businesses increase productivity and competitiveness with funding and access to a national network of private sector advisers and facilitators.... Accelerating Commercialisation Grants offer ventures up to 50% of expenditure on a project, which is capped at $250,000 for commercialisation offices and eligible partner entities, and $1 million for other applicants. Additionally, new and existing incubators can apply for grants equalling 50% of the project value capped at $500,000, and entrepreneur or expert-in-residence projects can gain up to $25,000. 2/CSIRO Kick-Start Startups and SMEs keen to partner with Australias Commonwealth Scientific and Industrial Research Organisation (CSIRO) in research activities to help them further develop and grow their business. To be eligible, companies have to be registered in Australia for GST, have an annual turnover of $1.5 million or less in the current and past two previous financial years, and have been registered as a company for less than three years. You could receive between $10,000 and $50,000 in matched funding. The funding can then be used to cover the costs of undertaking the project such as salaries for researchers or travel and accommodation but it may not be used for capital works, expenditure, or infrastructure costs. 3/ Research and Development Tax Incentive The R&D tax incentive aims to help all businesses stay ahead of the curve through a tax offset that encourages innovation in even the smallest ventures. Companies with an annual turnover under $20 million can claim a 43.5% refundable tax offset against R&D expenditure that amounts to $100 million or less. All other eligible companies can claim a 38.5% non-refundable tax offset. Non-refundable offset amounts that go unused can be carried on to future income years. For R&D expenditure under $20,000, companies can only make a claim if it was undertaken with a research service provider or co-operative research centre. Applications are ongoing but companies must register for R&D activities within 10 months of their income year first. Dreaming to start your own business? We're here for you! We will accompany you in your first steps in realizing the dream. Everything from building the right business plan to dealing with the various governmental bodies. Contact us for an obligation free appointment (03) 8548 1843 or via email [email protected]. Source: https://www.smartcompany.com.au

24.01.2022 6 TIPS FOR CHRISTMAS SPENDING 1 Have a pre-Christmas clean up Spend a few hours clearing out anything you no longer need around the house, like clothes, books, jewellery, furniture, music, or sporting equipment. You could sell these items online, hold a garage sale, or find a local buy-swap-sell. You might just end up making someone else's Christmas extra special.... 2 Make a list and check it twice Make lists of the things you need to buy and the food you need to prepare for the festive season. Having lists will help you plan your spending and keep you on track. 3 Be cluey about Christmas credit If you don't have the cash to pay for your Christmas goodies up-front, you might be tempted to use your credit card, or use a buy now pay later service. Although these are convenient ways to get the things you need now, that convenience can cost you dearly if you find yourself still saddled with Christmas debt well into 2020. 4 Be a scrooge online Before you start shopping online, do a web search for discount or coupon codes that you can use at the checkout. If you know what items you are looking for, search for them online instead of just going to one retailer's website. You might find it much cheaper somewhere else. 5 Shop like you're Santa Set a time limit on your shopping - get in, get it done and get out so you aren't tempted to spend more than you want to. Shop at odd hours - shop when it's less crowded so you can choose carefully. Buy less expensive stuff first - buy small first, and then tackle the big stuff so you stick to your gift budget Limit your shopping locations - only go to shops that you need to visit so you don't get distracted and impulse buy. 6 Give to those less fortunate Spread the Christmas cheer by giving to those who are doing it tough via charitable works and donations. Source: ASIC's money smart

24.01.2022 Find out our newly released newsletter "Your Knowledge -August 2020" Where to get help if you need it for business and individuals Plus, update for COVID-19 and your SMSF. https://www.lyndengroup.com.au/p/your-knowledge-august-2020

23.01.2022 ECONOMIC STIMULUS PACKAGE In response to the coronavirus pandemic, the federal government has announced a $17.6bn economic stimulus package and targeted to ensure the money will be out the door by June. Business stimulus payments... Small and medium-sized businesses will receive up to $25,000 to cover the costs of employee wages and salaries, paid by the Australian Taxation Office based on tax withheld. This measure will cost $6.7bn and will happen automatically based on the business activity statements lodged by business. Business investment incentives The government is allocating $3.9bn in incentives to encourage businesses to spend. This includes increasing the instant asset write-off, by lifting the threshold to $150,000 (from $30,000) and making more businesses eligible to use it. Businesses with a turnover of less than $500m will be able to deduct 50% of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the assets cost. Household stimulus payments Around 6.5 million lower income Australians will receive a one-off $750 from 31 March this year. The payment will be made to all social security, veteran and other income support recipients and eligible concession card holders. This includes those on Newstart, those who have commonwealth seniors health cards, and families receiving family tax benefits. Contact us via email [email protected] or (03) 8548 1843 for any queries.

23.01.2022 COMPANY DIRECTORS COP DISQUALIFICATION, FINES FOR FALSE STATEMENTS Under ASIC investigation, two former directors of two big companies - Telstra Business Consultants and Lawson Migration Services Pty Ltd - have been fined thousands of dollars and automatically disqualified from managing companies for five years from 27 November 2019 and from 3 December 2019, respectively, as a consequence of their convictions. The case was they had falsely and misleadingly stated that the com...pany had no outstanding liabilities at the time of voluntarily deregistering the company. ASIC Commissioner John Price said the various declarations made by directors when applying to deregister a company were designed to ensure creditor interests were protected and that the companys affairs ceased in an orderly manner. Making a false and misleading statement to ASIC is a serious offence, said Mr. Price *** How can we help? With only $250 per year for ASIC maintenance fee, we will look after your ASIC account and prevent the misleading and false statements. Contact us today via 8548 1843 or email [email protected] if you have any queries. Source: Accountants Daily

22.01.2022 Our November newsletter has been released. We will discuss on: 1 JobMaker Hiring Credits: What We Know So Far 2 Tax deductions for investing in your business 3 Refunds for Tax Losses 4 Tax table reminder... 5 APRA reveals $34.4bn super early release Find out more at https://www.lyndengroup.com.au//your-knowledge-november-20

22.01.2022 THE VICTORIAN GOVERNMENT GRANTS TAX AND STAMP DUTY RELIEF POST-BUSHFIRE CRISIS Businesses, families and individuals whose properties have been destroyed or substantially damaged by bushfires are set to receive ex-gratia relief for their 2020 land tax assessment, according to the state government. Land tax will also be waived on eligible properties that are being used to provide free accommodation for people in need.... The government has also outlined that it will provide up to $55,000 in stamp duty relief for anyone who does not choose to rebuild in their local community and is considering a move elsewhere. If you are eligible to apply for this grant, please contact us today via email [email protected] or call (03)8548 1843. Source: Accountants Daily

20.01.2022 SCAM ALERTS! Recently, we have received numerous calls from our clients regarding to the fact that they received the email from ATO, telling there was a fault in their tax returns and they needed to lodge the tax within a certain period of time, after the deadline, they had to pay the penalty fee around $500. The scams are designed to trick you into paying money or giving out your personal information. If you use a registered tax agent, ATO will directly contact your agent ...regarding to any tax issues. Therefore, all the calls, tax-related text messages or emails send to you not from your tax agent are scam. It is becoming increasingly difficult to differentiate between legitimate ATO interactions and those of the scammers, however there are some tell-tale signs outlined below to help you verify that youre dealing with the legitimate ATO. 1/ The sender's email address is not from ato.gov.au 2/ The scams create the sense of urgency and instil a fear response. ATO will never threaten you with immediate arrest. 3/ Request you to click on the link or download any forms 4/ Scammers ask you to provide the confidential personal identifying information. Call us on (03) 8548 1843 to discuss about the messages if you are unsure about its authenticity or report a scam to ATO via 1800 008 540.

20.01.2022 YOUR KNOWLEDGE - JULY 2020 Our monthly newsletter has been issued which we will discuss about: Funding for the arts: whats available and how can you get it? The ATO on COVID-19 fraud warpath... Minimum wage increases by 1.75% The new flexible Parental Leave Pay rules Find our July newsletter on our website here https://www.lyndengroup.com.au/post/your-knowledge-july-2020

18.01.2022 Interest rate drops to a historic low: How to get a better deal on your loan Home-loan lenders are heating the competition as they pass on the cash-rate cut in full. Big four banks such as Wetspac, Commonwealth, ANZ and NAB cut their variable mortgages between 13 and 15 basis points, while many smaller lenders continued a pattern of passing on the RBA's cut in full. Therefore, smaller lenders are attracting more potential borrowers with bigger rate discounts. For example, Aus...wide Bank's owner-occupier clients with principal-and-interest-rate payments will enjoy a lower mortgage rate of 3.24%. Customers had a shot at getting a better deal just by having a chat with their bank. If you are unsure which bank offers the best deal for your loan, contact us today via [email protected] or (03) 8548 1843.

18.01.2022 FAMILY BUDGETING: WORKING OUT YOUR EXPENSES AND MAKING SOME FINANCIAL GOALS ARE YOU SPENDING MORE THAN YOU CAN AFFORD? Creating a family household budget plan where you want your money to go will help you save money and will make family life a little more relaxed. It will give you a vision that you can achieve your financial goals.... STEP 1 - List out the fixed expenses might help you to track what you spend. There are two types of expenses, which are fixed expenses and variable expenses. Here are some fixed bills House repayments or rent Utilities (gas, water, electricity, internet, phone bills) Council fees and tax rates School fees Health, car and household insurance Credit card and personal loan repayments Here are some variable expenses Food Home maintenance School uniforms, books and other stationery Medical and dental fees Public transport/ petrol Personal items (clothing and haircuts) Holidays Entertainment (cinema, concert, festival) Gifts (birthdays) STEP 2 Compare against household income If you are spending more than you can afford, you will benefit from the budget planner. Starting a budget may be tough at the beginning, but it might get easier though. An emergency fund or separate savings for some unexpected cases such as leaving your home, natural disasters, losing your job or having a baby, can take some of the financial sting out of dealing with these unexpected events. STEP 3 Make some financial goals Setting up some realistic financial goals is kind of motivation to push you stick to your budget. New home New car Pay off credit cards Family holiday STEP 4 Making the investment from your left over money When you receive a pay rise, bonus, special payment or tax refund put the money straight into your savings account or superannuation to give it a boost. There are lots of things you can do with the extra money from your budget. Open a high interests saving accounts Look into investing Think about making super contributions If you are struggling with your monthly budget, or you would like to discuss about your financial goals or investment ideas, we are here to help. Contact us today via [email protected] or (03) 8548 1843.

18.01.2022 AUTOMATIC EXCHANGE BETWEEN ISRAELI AND AUSTRALIAN BANKS IS EFFECTIVE NOW The Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) are the contexts in the case of exchange by Australia with other countries that have implemented the Standard. Specifically, Israeli clients with income and investment in both Israel and Australia will be in the automatic exchange system between their financial institutions, in order to allow tax authorities to obtain... a clearer understanding of financial assets held abroad by their residents. By partnering with the former ITA head, Jackie Maza, we ensure our Israeli clients will maximise their benefits in income and investment tax following the tax law and regulations in both countries. If you receive any form from your bank as shown in the video, contact us now for further action via email [email protected] or call (03) 8548 1843.

17.01.2022 Where's all your money gone? Taxes certainly arent fun for anyone. The reality is not like a monopoly game that you can restart from the beginning anytime. Stop playing around with taxes and hearing your money say goodbye to your pocket. Be a wise taxpayer and contact us today via (03) 8548 1843 or email to [email protected]. ... Video source: Reddit

17.01.2022 Outsourcing Bookkeeping Service - A game-changer for small and startup businesses Hiring an in-house accountant? As a small business, you may not need someone to handle your finances full-time. A minimum cost to pay for a full-time accountant is around $50,000 per annum, which your tight budget cannot afford it. Outsourcing your accounting and bookkeeping tasks? In spite of struggling with them, why don't you let a professional person look after your tasks and free your t...ime to focus more on your business strategies and development? It is about cost efficiency (from $300 per month), adding professionalism and keeping your books organised and accurate. Additionally, outsourced accounting services are inherently flexible. We have the ability to cover vacations, sick time, transitional periods, and all sorts of other things that may otherwise disrupt a financial reporting timeline. So, $50,000 vs from $3,600 per year, which one will you choose? Contact us for further information via [email protected] or (03) 8548 1843. Visit our website www.lyndengroup.com.au for the details of our full services. #budgeting #outsourcedaccounting #bookkeeping #smallbusiness #financialreporting

16.01.2022 Did you know .... Regarding the new tax treaty which included the signing of the Convention and the global change, now enables the automatic information exchange within the agreement July 2019 CRS. Both Israel and Australia will report each other, both automatically and according to individual requests.... What does it mean to you? Report assets and / or bank accounts in Israel Contact us at [email protected] or (03) 8548 1843.

15.01.2022 NEW YEAR GREETINGS! Another year has finished and a new exciting year is coming. This is an opportunity to say thank you and to express appreciation for the all the good things that have happened to us over the past year. I would like to say a big Thank You to our hundreds of clients (so exciting to write this). Without you, Lynden Group could have never been as successful as it is today. ... Thank you to the winning team in Melbourne for your hard work. Thank you to our Vietnam team that has been constantly working so hard every day. Thank you to my business partner Ninh. Thank you to the team in Israel for helping us in building a great business collaborations between Israel and Australia that is contributing to prosper our clients profitability and the economic growth of both countries. Once again thank you to our dear customers for the trust that you have been giving to us and allow us to be a part of your journey towards financial growth. I strongly believe that we can achieve your dreams together. I excitedly looking forward to another and more great years to come with you. Thank you for making it happen!

15.01.2022 Don't miss out your spot in our upcoming webinar "Australia Israel taxation matters" next Tuesday . Register now at https://www.lyndengroup.com.au/live-webinar-il-taxation

14.01.2022 TOP ACCOUNTING CHALLENGES SMALL AND START-UP BUSINESS FACE 1/ Cashflow: 82% of small businesses have the problem with their cashflow which covers recurring costs and keeps the business alive 2/ Unforeseen expenses: the rise in the cost of goods can cause major changes to the bottom line. It could affect your long-term profitability and threaten your overall liquidity if you fail in managing the short-term expenses.... 3/ Taxes: not many people aware how to take advantage on tax deductions. If your small business is home-based, home office deductions are important for running your profits. 4/ Managing payroll: The most common problems were related to organizational inconsistency, including incorrect tax filing, over- and under-due payments, incompatible software, tracking employee absence, compliance issues and administrative burden. 5/ Reconciling your books: Without a proper accounting system, reconciling your books is really a nightmare, which can lead to incorrect calculations and misleading data analyses. And it is critical to be done daily or weekly. Source: Business.com *** How to avoid these mistakes Hiring an in-house accountant? As a small business, you may not need someone to handle your finances full-time. A minimum cost to pay for a full-time accountant is around $50,000 per annum, which your tight budget cannot afford it. Outsourcing your accounting and bookkeeping tasks? In spite of struggling with them, why don't you let a professional person look after your tasks and free your time to focus more on your business strategies and development? It is about cost effieciency (from $300 per month), adding professionalism and keeping your books organized and accurate. Additionally, outsourced accounting services are inherently flexible. We have the ability to cover vacations, sick time, transitional periods, and all sorts of other things that may otherwise disrupt a financial reporting timeline. So, $50,000 vs from $3,600 per year, which one will you choose? Contact us for further information via [email protected] or (03) 8548 1843. Visit our website www.lyndengroup.com.au for the details of our full services.

14.01.2022 HOW A CHILD MAINTENANCE TRUST CAN SAVE DIVORCEES THOUSANDS While many parents already organise their personal affairs into a cost-effective family tax structure, they often arent using the same tools to prepare for their childrens future. There is no doubt that the breakdown of a marriage or family relationship is a stressful and expensive process. After legal fees and court dates, a parent saddled with paying child support will often pay these funds out of their after-tax... earnings, and those payments will be taxed heavily. Generally, income earned by a minor is taxed at the highest marginal rate once it exceeds $416 a year. But in transferring assets to the child or children via a trust, the first $18,000 of this money can be free of income tax. Of course, this loophole has certain terms and conditions attached. The trustee should be a parent of the child or children who benefit, and no longer be married to their spouse. There must also be a court order, child support assessment or agreement in place that requires the parent to pay the support. The role of a tax adviser is to help parents to identify property that they are ultimately happy for their children to keep. These assets also need to generate sufficient income to make the establishment of a trust worthwhile. Book an appointment with us via email [email protected] or call (03) 8548 1843 to discuss about the child maintenance trust. Source: Accountants Daily

14.01.2022 The Treasurer has today expanded access to JobKeeper 2.0. Employees that previously failed the JobKeeper eligibility test as they were not employed on 1 March 2020, may now be eligible for payments from 3 August 2020 if they were employed on 1 July 2020. Find out more about the change here https://www.lyndengroup.com.au//treasurer-has-expanded-acc

12.01.2022 Requests for extension of time to make Division 7A loan repayments The ATO today announced a streamlined process for taxpayers to make applications to extend the time to make minimum yearly repayments (normally required to be made by 30 June 2020) for COVID-19 affected borrowers under section 109RD. Read more https://www.lyndengroup.com.au//requests-for-extension-of-

12.01.2022 REFINANCING A HOME LOAN Are you dreaming of a bigger house for your growing family? Are you planning to expand your investment portfolio?... Is your current loan interest higher than the other bank's offer? If youre keen to secure a better interest rate or enjoy more loan features, refinancing your home loan can be the solution. Refinancing is also an opportunity to get control of debt or tap into any home equity youve built up. However, refinancing can come with some costs, so it's essential to weigh up the savings of refinancing against the expense involved. Therefore, refinancing a home loan can be a sensible step. Make an appointment with our mortgage broker today for your solution via email [email protected] or call(03) 8548 1843.

12.01.2022 April 30 is approaching. Are you JobKeeper ready?

11.01.2022 CHANGES TO TAX DEDUCTIONS FOR VACANT LAND COULD AFFECT SMSF DEVELOPMENTS The laws passed parliament in October would likely see SMSFs that had purchased land for development purposes denied deductions on their holding costs until construction was completed. Specifically, vacant land including residential premises will not be deductible the expenses until the premises are leased, hired, licensed or made available for those purposes. The costs commonly incurred in this scenar...io included borrowing costs, loan interests, land taxes, council rates and maintaining costs. It is recommended that if an SMSF holds vacant land that tax advice be obtained to determine the extent to which any expenses are tax-deductible to the SMSF. Contact us via (03) 8548 1843 or email [email protected] if you have any queries about the changes. Source: Accounts Daily

11.01.2022 WHY INVEST IN AUSTRALIA? Australia provides a safe and low-risk environment to invest and do business, which has been proved over the last three decades. In fact, the Australian economy has now experienced 27 consecutive years of economic growth without a recession (defining a recession as two consecutive quarters of economic decline) (Austrade). 1 A resilient economy... 2 Globally significant industries 3 Smart, enterprising people 4 Connected to the world 5 A stable business location If you are thinking of investing in Australia, reach out to Lynden Group Melbourne [email protected] or (03) 8548 1843. With more than 10 years supporting for SME in and outside Australia, we can help you to commercially navigate the Australian tax and accounting system.

10.01.2022 JobKeeper 2.1 has been passed into law, extending the assistance to eligible businesses from 28 September 2020 to 28 March 2021. There is a new test that must be met to continue to receive Jobkeeper for eligible employees and eligible business participants. Stay tune and read more in our latest news here... https://www.lyndengroup.com.au//jobkeeper-changes-what-s-n See more

09.01.2022 CURRENCY FLUCTUATIONS: TIPS TO MAKE BIG SAVINGS ON CURRENCY TRANSFERS The Australian dollar is facing downwards pressure and for the small business, it is important to understand that currency fluctuations can greatly affect cash flow. Unfavourable currency movements will reduce your bottom line, while favourable movements present opportunity for cost savings. This means you need to be strategic when you make international currency transfers and think about how to minimise yo...ur fees when making these transfers. *** How to reduce the transfer risk costs? You can use these available risk management tools to know more your market. 1 Spot options: buying and selling at market exchange rates 2 Hedging: where you buy a set amount of currency that will be settled at an agreed date and rate in future in order to avoid future currency fluctuations and manage your budgeting better. 3 Currency Options: same as hedging, but you are not obligated to exercise the option. You may choose to take the spot rate if exchange rates are more favourable. While there is a premium for this option, its worth considering as part of your risk mitigation strategy. 4 Limit Orders: When a target currency rate is triggered you can buy or sell your currency. This will allow you to buy at rates that represent value or sell before they lose value. *** How can we help you? If you are unsure about the budget planning for your small business, contact us today to arrange the meeting with our finance manager and accountant via (03) 8548 1843 or email [email protected]. Source: finance.nine.com.au

07.01.2022 NEW LAW SUPPORTING FIRST HOME BUYERS The First Home Loan Deposit Scheme has been passed allowing up to 10,000 eligible first home buyers on low and middle incomes to purchase a home with a 5% deposit. Eligible applicants will have taxable incomes up to $125,000 per annum for singles and up to $200,000 per annum for couples. The scheme will apply to owner-occupied loans on a principle and internet basis, and will be subject to regional price caps. ... Also, the new First Home Loan Deposit Scheme will complement the First Home Super Saver Scheme (FHSSS), which enables first home buyer over 18 to apply te release voluntary contributions from their super fund to buy their first home. Would you like to have a talk with our professional broker and finance manager? Ring us on (03) 8548 1843 or email [email protected] to book the appointment. Source: Accountants Daily

07.01.2022 GETTING IT RIGHT IN 2020 - AN INVESTOR CHECKLIST FOR THE NEW YEAR Its a good time to see how your investments measure up. If you make the effort you can start the new year in good shape. Here are the basic elements you could include in that review: 1Review your risk tolerance... 2Assess your asset allocation 3Rebalance portfolios 4Concentration risk 5Review structures 6Assess your liquidity 7Cash option 8Optimising super Source: The Australian Need an expert? Contact us via email [email protected] or call (03)8548 1843.

06.01.2022 Few more weeks to finish our year 2020, let's start our last month of the year with full of energy and positive news. What's inside our December newsletter? Australia is technically out of a recession after COVID-19 Jobkeeper 2.0 - Extension 2 will start soon... NSW state budget 2020-2021 Read here https://www.lyndengroup.com.au//your-knowledge-december-20

06.01.2022 We have an exciting news for you. Dear valued clients, It is with great excitement that we announce to you some of the amazing changes we as an integrated financial business will be going through in the 2019/20 financial year....Continue reading

05.01.2022 SAY HELLO TO OUR TEAM IN VIETNAM OFFICE Here at Lynden Group Melbourne we always strive to improve our level of services and bring the best solutions to our valued clients. We are, therefore, delighted to announce that our team in Vietnam office is growing and introduce Bao, Bem, Chau and Minh, who have recently joined and looked after our outsourcing bookkeeping service. Join us to welcome them on board and in recognition of their ongoing contribution.... Our people are strengthening our Lynden family and value. Without you, we cannot make things matter.

03.01.2022 LYNDEN GROUP MELBOURNE - GROW STRONG TOGETHER Have you ever wondered why we are named Lynden? Lynden is the old English word of linden which is known as kind of the lime tree that has heart-shaped leaves and a winglike bract attached to the peduncle of the flower and fruit. Lynden tree can live for centuries with its great recovery potential and its large spreading root system keeps the tree grow strongly and be not sensitive to the wind. In the spring, the sublime Lynden... tree blooms with the glossy green leaves and yellow flowers to demonstrate its sense of motherhood. With several positive aspects (healing and protective trees), therefore, Lynden is the symbol of love, friendship, peace, care and luck, and becomes the source of literary inspiration. Lynden Group Melbourne aims to represent as the root for our clients development. The tree cannot stand without the root, same as the company cannot grow without a good accounting and finance management. We have committed to deliver quality service and drive innovation in business solutions for our clients. Also, with our family budgeting solution, your earned money is wisely managed and spent in order to achieve your bigger goals in life. We do our best to make impossible become possible. Contact us for further information via [email protected] or (03) 8548 1843. Visit our website www.lyndengroup.com.au for the details of our full services.

03.01.2022 FOUR BIGGEST BANKS BUMP $100 MILLION EACH INTO BUSINESS GROWTH FUND Federal Treasurer Josh Frydenberg will on Wednesday announce the big four banks - Commonwealth, Westpac, NAB and ANZ - will each match a $100 million commitment from the government towards the Australian Business Growth Fund. Another $20 million will be put up by HSBC. The fund is expected to grow to $1 billion and will invest between 10 per cent and 40 per cent in the selected business.... Businesses will be eligible for long-term equity capital investments between $5 million and $15 million, where they have generated annual revenue between $2 million and $100 million. This action is the effort to "allow the business owners to maintain their controlling interest, while also allowing the fund to have sufficient influence to encourage business growth", Treasurer said. Source: The Age

03.01.2022 Small-business coronavirus grants set to be income tax-free under new bill A new bill that ensures state and territory grants issued in response to the coronavirus pandemic are not subject to income tax has now been introduced. Read more... https://www.lyndengroup.com.au//small-business-coronavirus See more

02.01.2022 Israeli living in Australia?? Join us for Israel Australia tax agreement matters live webinar ! https://www.lyndengroup.com.au/live-webinar-il-taxation

02.01.2022 ATO TO DOUBLE RENTAL DEDUCTION AUDITS TO 4,500 Accountants with clients who have rental properties have been warned of the ATOs top priority for tax time 2019, after nine out of 10 deductions contained an error. In 201718, ATO audited over 1,500 taxpayers with rental claims and applied penalties totalling $1.3 million. Specifically, ATO will take a closer look at loan interest, whereby some taxpayers have been using some of the loan money for personal use such as paying f...or living expenses, buying a boat or going on a holiday and then claiming that loan interest as a deduction. Rental property owners have also been warned on properly differentiating between capital works and repairs, and what is deductible immediately or over a number of years. Need help on your tax returns? Contact us via [email protected] or (03) 8548 1843. Source: Accountants Daily

02.01.2022 Four ways to make the best of the post-holiday slowdown 1. Prepare your employees for after-Christmas returns 2. Make a plan for the slowdown 3. Start your planning now for the next holiday rush... 4. Take the stress off with cash flow management Read more https://www.lyndengroup.com.au//four-ways-to-make-the-best

01.01.2022 Hello April! It’s Time for New Beginnings and Conquering our Fears There's something you can find in our April newsletter What is open from Good Friday to Easter Sunday and Monday? Daylight Savings in Australia will come to an end What to do if you are faced with Jobkeeper end financial stress?... Super guarantee rate increases Stay tune and read more in our latest news here https://www.lyndengroup.com.au/post/lynden-news-april We at Lynden Group wish you a blessed and holy Easter!