Momentum Financial Group in Geelong, Victoria | Business service

Momentum Financial Group

Locality: Geelong, Victoria

Phone: +61 3 5222 6688

Address: 57 Gheringhap Street 3220 Geelong, VIC, Australia

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

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• Business service
• Accountant
• Business consultant
• Financial planner

25.01.2022 Audits are awesome! Yeah! (Ok, so no one actually has that printed on a t-shirt, but audits really are great! ) Taking a closer look at your business records is a great way to optimise your operations and identify opportunities for cost savings and business growth. Trends can generate quickly and the opportunities to capitalise on these can be missed without regular reviews and audits! Map out your next 12 months and plan regular reviews - then commit to them!

24.01.2022 Have you been experiencing business hardship since the pandemic? Navigate the way forward with a rebound meeting at Momentum Financial Group that goes through financial business analysis, organisational design and business planning. Call: our Geelong office on 5222 6688 or our Horsham office on 5381 1122.

24.01.2022 You may be aware that on 28 September 2020, the JobKeeper payment rate was reduced and split into a higher and lower rate based on the number of hours the employee worked in a specific 28 day period prior to 1 March 2020 or 1 July 2020. What you may not know is that employers must choose the reference period that provides the BEST outcome for the employees. To ensure you have made the right call - speak to the team at Momentum and read our latest Knowledge newsletter for more JobKeeper details https://bit.ly/34qhugk

24.01.2022 Have one eye on the now and the other eye on the future. This means we want you to enjoy the benefits of your hard work right now as well as directing some of your money into good investments for your future. Navigate the way forward with a solid Momentum

24.01.2022 Just like every good boxer has a coach in their corner to support and guide them, we believe everyone needs a trusted Business Advisor in their corner they can rely on Momentum will give you multiple coaches in your corner with your own assigned client director as a direct point of contact to start with. After working with you to define your financial objectives, your client director will then assemble a team of experts to best meet your specific needs and objectives. Talk about having an army of support behind you.

23.01.2022 As part of the recent Federal Budget the Government announced that businesses who made a loss between 2019-20 and 2021-22 may be able to claim a tax refund for tax previously paid on profits. For full terms and conditions and to find out if your business qualifies - reach out to our Advisors at Momentum. Geelong 5222 6688 Horsham 5381 1122

23.01.2022 Important Reminder: Year-end superannuation deadlines are fast approaching! The ATO requires all year-end Superannuation contributions to be paid by 30 June 2021. To allow for these contributions to reach the super fund providers by the EOFY deadline, we strongly recommend submitting these payments no later than 22 June 2021.... So, make a note: Submit Superannuation contribution payments by 22 June 2021. ATO year end super payment deadline is 30 June 2021. #EOFYreminder

23.01.2022 You need to make a decision . . . . you can’t put it off any longer . . . so what’s it going to be? Feeling the pressure to make tough choices that can affect your entire business future can be nerve wracking! Here are some decision making techniques to try: Limit your options - get rid of any ‘not quite right choices’ right from the start Listen to your gut - follow your instincts, you know your business best... Set a timeline - acknowledge your time is valuable and set aside time to think and a cut off point for your decision to be made Talk through your options with a trusted adviser from Momentum Financial Group

22.01.2022 So you've heard that some businesses have returned JobKeeper payments to the ATO after reporting un expectedly positive trading results. Were you one of them? How will this action be treated at tax time? Are JobKeeper payments returned to the Government still included in assessable income? Are the returned payments deductible? So many questions!... Learn more about the tax treatment of JobKeeper handed back to the ATO in our April newsletter https://bit.ly/3dWki9M

22.01.2022 Thank you so much K.S for sharing your experience. That's a cracking good way to kick off the year!

21.01.2022 Have you ever had the feeling that you don’t know what you are doing when it comes to business? #WingingIt And to be honest, for the most part of a new business, you probably are. Sure, you can make educated decisions and it will likely work out just fine but, imagine how well your business would succeed with a PLAN #FoodForThought Contact the team at Momentum: Geelong - 03 5222 6688 or Horsham - 03 5381 1122

20.01.2022 Tax Table Reminder The 2020-21 personal income tax cuts announced in the Federal Budget are now law. Employers need to ensure that the tax withheld form employee salaries is correct. You have until 16th November to implement changes. Visit the ATO website to view the Tax Tables https://bit.ly/2TY0XeD

19.01.2022 Success comes from great products/services teamed with great people. Building an effective team is crucial and nurturing strong leadership will lead to long term growth. Putting the puzzle pieces together can be tricky but guidance from the experienced team at Momentum is a great way to get started.

19.01.2022 Is your business continuity plan effective? As many businesses have experienced recently, unplanned events can happen. Are you prepared? The importance of having a continuity plan in place is to allow you to return your business to some level of normal operations quickly so you can restore your income, your employees’ jobs and the goods and services you supply to your customers. Continuity planning and disaster recovery are about setting out a framework for how you, your s...taff and your business will react when faced with a crisis that potentially stops or interrupts business operations. If you haven’t got a plan in place or would like to revise your current plan, reach out to our experienced team of accountants and business advisors. GEELONG (03) 5222 6688 HORSHAM (03) 5381 1122

19.01.2022 Have you just started a small business and are struggling with generating leads & sales? Managing finances and cashflow? Feeling a lack of business support? Or perhaps, feel as though you have no real systems in place? You’re not alone. These are all common issues that start-ups or small businesses often face; lucky for you Momentum are here to help in more ways than one. HOW WE CAN HELP:... Conduct a Discovery Workshop. Prepare a One Page Business Plan. Complete a Sales & Marketing Review. Provide Ongoing Mentoring. Complete a Quarterly Check In Undertake an Annual Review. Navigate the way forward with Momentum. Geelong (03) 5222 6688 Horsham (03) 5381 1122

19.01.2022 Many Australian business owners have been (and are still going) through the wringer this year. Government grants, tax benefits, rental relief, JobKeeper and other packages have been provided but navigating your eligibility and what comes after can be overwhelming. Having a Momentum co-pilot on your team is essential to seeing the way forward. Get in touch - Geelong - 03 5222 6688 or Horsham - 03 5381 1122.

18.01.2022 This year has tested business owners like never before. Those that have been inspired to take calculated risks, invest now for a better tomorrow, let the entrepreneurial spark light a path forward will be rewarded in the long run. Those like Paddy Mclaughlin that have added a much needed cafe in an industrial estate in South Geelong to the core Electrical business offering is more than exciting.... it’s enterprising! #PrivateEnterprise

16.01.2022 We use innovative methods to unlock your business’s hidden potential and steer you to success. We possess the technical skills and knowledge that you require, whether it be to make a diagnosis and provide smart business solutions or to resource key projects. Contact Momentum Financial Group now at our Horsham or Geelong offices and let us help you create your strategy for life. GEELONG (03) 5222 6688... HORSHAM (03) 5381 1122 See more

16.01.2022 Eek! It happened again, one of your staff left. Rather than shaking your fist at the sky read the top 8 reasons why staff leave: change in leadership work not challenging conflict with supervisor... change in company dynamics unfavourable change in responsibilities work/life balance issues poor recruitment lack of recognition for perceived value While you might be happy to see some employees go (#byefelicia), retaining the good quality ones is imperative to your business’s success. For advice on how to retain good employees, read our latest newsletter https://bit.ly/33BCfpq and give Momentum Financial Group a call. Geelong (03) 5222 6688 Horsham (03) 5381 1122

15.01.2022 Whether you agree the king of rock in roll is dead or alive, he is probably not a director of an Australian company which is why ASIC is introducing a new Director Identification Number (DIN). We are sure our #elvisfans can agree that tracking directors who repeatedly transfer the assets of an existing company to a new company without paying full value or leaving the debts with the old company will help stop phoenixing. If you want to know more about the new Director Identification Numbers or are curious what "phoenixing" is, check out our latest newsletter https://bit.ly/33BCfpq

15.01.2022 Providing guidance and advice to improve the viability of your business which enhances your business growth potential is let’s just say our jam! Strategic business planning and structured financial management combined with a side of black coffee is what get’s our team of experts up in the morning. Well, that and the kids wanting jam on their toast for breakky. Take the next step and enable your business to achieve its goals. Our services provide outcomes that create peace of mind for you and your business.

15.01.2022 Ideal weeks. When are you most productive? In business, many of us can appreciate the challenge that comes with juggling tasks and priorities. As business owners and operators, there’s staff to look after and mentor, there is paperwork to get done, jobs to handle, and in between, we also need to tend to our own family and our personal wellbeing. That’s a lot to juggle in just one week comprising only 168 hours in total. In a nutshell, the ideal week is the perfect week... you would have if you had 100 per cent control of what’s happening around you. And it extends to pretty much everything, accounting for leisure time, exercise, business tasks and family life. The ideal week is a vehicle for lifestyle and business improvement and it’s one of many ways to help get your business and work/life balance back on track. If you’re are ready to start leading a balanced life, get in touch with Momentum Financial Group. GEELONG (03) 5222 6688 HORSHAM (03) 5381 1122

14.01.2022 Beep beep! Coming through!! Have you been thinking a new vehicle is on the cards? The instant asset write-off is an effective way to invest in business equipment without affecting your cash flow. Businesses can claim on tools, equipment, office furniture, business vehicles and much more! Any asset that you purchase decreases in value over time. Many people claim depreciation on that asset each year, however, with the instant asset write-off scheme, businesses can clai...m the full depreciation as a one-off lump sum in their next tax return. Get in touch with our team and take advantage of the instant asset write-off before 30th June 2021! Geelong - 03 5222 6688 or Horsham - 03 5381 1122.

14.01.2022 Old MacDonald had a farm Ee-i-ee-i-o Mr and Mrs McDonald have had a rough trot over the past several years. Fluctuation in selling prices, drought, lack of food for the cattle, flooding you name it! Farming is a tough gig. The McDonalds came to our Momentum office in Horsham ready for change. They've had enough of the struggle, the uncertainty and the instability of income. We worked with them to create a continuity plan and reviewed their business practices and found ways to work more efficiently and save on outgoings. Our approach means our clients can be absolutely confident of moving in the right direction with clarity and peace of mind.

13.01.2022 As we flip over the financial year (and you finish that long-overdue audit of your business ), you realise that your costs have gone up! It might be time to assess your prices. Putting up your prices can be emotionally charged as you don’t want to overcharge, or undercharge for your services, nor do you want to put your business at risk and lose clients. #emotionalminefield If you need help figuring out what products or services are worth, have the expert business adviso...rs at Momentum take a look. Get help navigating business decisions like pricing with an obligation-free consultation with our business advisors. Geelong (03) 5222 6688 Horsham (03) 5381 1122

12.01.2022 In light of this morning's government announcement regarding Victoria going into a circuit breaker lockdown, as of tomorrow our offices will be closed until Friday 4 June. However, we will be available for appointments via Zoom and we’re still taking phone calls (and emails) if anyone has any queries! Geelong (03) 5222 6688... Horsham (03) 5381 1122 See more

11.01.2022 With the changes in eligibility for JobKeeper payments that came into effect on 28 September - knowing if your business still qualifies or now qualifies can be confusing. Reach out to the team at Momentum to guide you through this update and read our latest Momentum Knowledge Newsletter for further details https://bit.ly/34qhugk Geelong | 03 5222 6688 Horsham | 03 5381 1122

11.01.2022 What’s next for your business? Are you looking to find new ways to sell your current services or products, or looking to broaden your customer base by introducing new products and services that add value? Planning correctly for growth is essential. Navigate the way forward with a team of business and accounting experts at Momentum Financial Group. Geelong - (03) 5222 6688 Horsham - (03) 5381 1122

11.01.2022 What’s your tax planning strategy? Have you got one? In an ideal world, taxes would consume very little of our time and attention. But in reality, taxes have the power to keep business owners up at night. Fortunately, it’s possible to manage your taxes and gain control over their effect on your finances. When your taxes are fully understood and anticipated, you can regain control over cash flow, debt repayments and other obligations. ... Reach out to the team at momentum, now is the time to start your tax plan! Geelong - 03 5222 6688 or Horsham - 03 5381 1122.

11.01.2022 Christmas 2020 will no doubt be spent close to home and Christmas trading may be very different for many businesses this year. However the trend to spend money LOCALLY will be a shining light for many small businesses. Consider this in your Christmas and summer marketing efforts and ensure you are reaching your (possibly new) target audience effectively! #shoplocal

11.01.2022 FISH ON!!! Who else has big plans to land that big fish (million dollar deal) this New Year? Yes, we are accountants and advisors but, we also work with many clients to pitch and negotiate prospects to land those ‘big fish’. This is an area of expertise we have and for many clients, it’s an area they prefer being handled by our team as we keep the emotions out of it which allows us to navigate those meetings successfully. Geelong - 03 5222 6688 or Horsham - 03 5381 1122.

11.01.2022 Some wise words from the Founding Father himself. We’ve got the knowledge and think there’s no smarter decision than investing in us and our extensive wealth of specialist experience spanning decades. Contact us today for a free consultation to help you define where you and your business are now and where you want to go; it’s an investment that we guarantee will pay off.... Geelong (03) 5222 6688 Horsham (03) 5381 1122 See more

11.01.2022 The Australian Government have stepped in with temporary protections in place until 31 December 2020 to prevent a wave of insolvencies when the Covid-19 support measures run their course. These temporary insolvency and bankruptcy protections are in place to enable businesses to continue to trade through the pandemic by providing flexibility and relief via increased thresholds and extended timelines. For all the specific details read our October Knowledge Newsletter https://bit.ly/34qhugk or contact the team at Momentum. Geelong | 03 5222 6688 Horsham | 03 5381 1122

11.01.2022 If you are always working in the kitchen you can't see what is happening out on the floor. The goal for many business owners should be not to micro-manage their staff but instead trust their team so they can focus on managing the business and the development of their team. #wisewords

10.01.2022 Leave all the nitty gritty aspects of your accounting, business advisory and financial planning to us while you dedicate your focus to growing your business. Contact us today for a free consultation to discuss how we can be your co-pilot. Geelong (03) 5222 6688 Horsham (03) 5381 1122

09.01.2022 What’s the point of having a business if you are just going to work all day, every day Having time away from your business to reset your mind and be with the ones you love, can replenish your energy to continue thriving in your business AND maintain that family bond.

09.01.2022 June's a busy month for our accountants as they are preparing year-end financial statements. #eofy As we finish up this financial year, think about setting a goal to get your 2021-22 finances sorted before June 2022 rolls around. If you feel overwhelmed and unsure where to start, Momentum Financial Group can help sort out your finances. We provide BAS, IAS and GST preparation, taxation returns, tax planning, SMSF, corporate secretarial and ASIC and small business accountin...g services to get your business finances on track. Call the professional accountants at Momentum Financial Group and start planning for #taxtime2022. Geelong (03) 5222 6688 Horsham (03) 5381 1122

09.01.2022 To protect older Australians, the Government recently released draft legislation that aims to overcome the current tax disincentives for putting ‘granny flat arrangements’ in writing. If specific conditions are met, formal, written granny flat arrangements may get a CGT tax exemption. Read the details about the new granny flat arrangements in our latest newsletter https://bit.ly/33BCfpq

09.01.2022 What income would you like to earn and why? What wealth would you like to create and why? Are your assets protected? Are your investments and assets performing well? How do you judge this? Do you have the lifestyle you think you deserve?... Our Strategy for Life is a powerful process designed to focus clearly on helping you define what your life aspirations are and answer the above questions. Click the link https://bit.ly/3dy75Vr to learn more about it.

06.01.2022 The 2020-21 Federal Budget is a road to recovery paved with cash! By comparison to many, Australia has managed the COVID-19 pandemic well, but good management isn’t enough to protect us from the $213.7 billion deficit in 2020-21. The Government has taken to heart the old adage, You have to spend money to make money to trade our way out of a black hole. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion ‘JobMaker’ Hiring Credit to encour...age businesses to take on additional employees aged 16 to 35 years old $110 billion in infrastructure investment over 10 years Immediate deductions for business investment in capital assets Changes to how companies can manage losses Access to generous tax concessions for a wider range of businesses You can read more budget details in our Adviser Edit https://bit.ly/3nzSY4X Over the coming months, the team at Momentum will be here to support YOU maximise the 2020-21 Budget initiatives. We'll keep you up to date as the detail of these initiatives comes to hand.

06.01.2022 Australian employment numbers will continue to change in coming months and your own employee numbers may be affected. Whether it’s an increase or decrease you are considering, your ‘normal’ consideration process may need an overhaul in light of the current pandemic. For advice and guidance on employment options and government benefits speak with one of our experienced advisors at Momentum Financial Group. Geelong - (03) 5222 6688 Horsham - (03) 5381 1122

06.01.2022 We are very proud of our client Martin Plumbing. Jarred and his team love what they do and that is demonstrated through their quality of work, client relationships, focus and dedication. We are excited to watch you grow throughout 2021 and years to come.

05.01.2022 The entire Momentum team are so thrilled to see one of our clients - Steph Meyer opening her second salon this week - in Horsham! We truly love working and teaming up with young business entrepreneurs like Steph and watching them expand their empires and showing such resilience in these challenging times. Well done Steph!!

03.01.2022 Being the co-pilot for businesses is what we live and breathe. Thank you for your words W.E.

02.01.2022 Now’s the time to review what strategies you can use to minimise your personal tax before 30 June 2021 Take a look at our 2021 Tax Planning Guide (https://bit.ly/3efvOwT) for more info on how you can minimise your personal tax this financial year.

02.01.2022 Challenges are hard to overcome. Having a business coach to talk things through with certainly helps. Book in for a free consultation to learn how Momentum Financial Group can grow your business. Geelong (03) 5222 6688... Horsham (03) 5381 1122 See more

01.01.2022 To say 2020 has been full of obstacles for business owners - might be the understatement of the year. But how you adapt and overcome those obstacles gives you the power to know you can achieve just about anything.