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West Coast Business Solutions

Phone: +61 402 609 500



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25.01.2022 http://myob.com.au/blog/end-of-year-planning/



23.01.2022 How To Not Raise Spoiled Children: 7 Crucial Money Lessons http://onforb.es/1DX6K6a

23.01.2022 Make a difference this 11 July - think small first - and shop at a small business. Let's celebrate small business day around Western Australia and the difference they create for our communities. http://www.smallbusinessmatters.net.au/page/get-involved

23.01.2022 http://link.xero.com//RkBg3XFb_K2x/f00Ss2T02300JS02RnDz00L Getting instant help through Xero just got easier!



22.01.2022 An interesting read with advice on making it through the first year of business.

21.01.2022 Welcome to the new financial year! Time to do your tax return and (hopefully) receive a refund. I will be emailing checklists to assist clients with gathering their documents for the preparation of their tax return. If you would like to receive a checklist please PM me your email address.

20.01.2022 Every business owner knows the feeling of being kept up at night by the unknown. http://fal.cn/ykP7



16.01.2022 What is your exit plan? As a business owner, you need to consider your future plans and your "why" in life. A Personal Succession Plan is key. http://ow.ly/LjXBa

16.01.2022 Where theres a Will, theres an Estate Plan. Well, there should be. http://bit.ly/1IeGCb3

16.01.2022 The Federal Government has released proposed changes to the taxation of Employee Share Schemes (ESS) to take effect for interests acquired from 1 July 2015. This includes incremental changes for all ESS arrangements and a new regime designed for unlisted start-up companies only. Key Reforms Some of the key reforms include:... - Rights to acquire shares (including share options) will become taxable at exercise - The opportunity to defer taxation on ESS rights, that are not subject to real risk of forfeiture, but only a restriction on disposal - The maximum period for deferral of tax will increase from 7 to 15 years - Employees with ownership and voting rights up to 10% (increasing from 5%) will be eligible for deferral of taxation on ESS grants Please call our office to discuss any issues arising from ESS or how the proposed changes may influence your decision to enter ESS arrangements.

15.01.2022 Need to buy new equipment for your small business? http://myob.com.au/blog/the-20000-question/

15.01.2022 5 Keys to Being More Productive http://bit.ly/1DXwU8Q



14.01.2022 Small business a winner but Budget fails on a vision for Australia Read CPA Australia CEO statement on last nights budget http://www.cpaaustralia.com.au//leadership-and/budget-2015

14.01.2022 https://www.linkedin.com//missed-super-cut-off-dates-past/

13.01.2022 If you are unsure about a phone call from someone pertaining to be from the ATO, my advice is to hang up and either contact your accountant or phone the ATO back using a number from their website. Never give you personal details to some who has rung you.

13.01.2022 Turn your passion into a successful business.

13.01.2022 Get ready for a wage increase! Its that time of year again! From the commencement of the first pay period on or after 1 July 2015 the Western Australian rates of pay will increase. This increase is proportional for apprentices and junior employees. There has also been an increase to location allowances throughout Western Australia. 1. Award rates of pay are going up by 2.1%. 2. Non-award rates (ie those not covered by an award) will increase by $14.00 per week to $679.90 ...per week. These increases only apply to employees of businesses that are sole traders or partnerships covered by State awards or the Western Australian minimum wage. For pay rates for businesses that are a PTY LTD please contact the Fair Work Infoline on 131 394. Dont get caught out paying incorrect rates of pay! Click here to download the new pay rates.

12.01.2022 Before setting up an #SMSFmake sure you either have the knowledge to manage it effectively or your adviser does - http://bit.ly/1Otg86s

11.01.2022 Can a SMSF run a business? What about a share trading business? http://cuffelinks.com.au/can-smsf-run-business/

09.01.2022 We saw this and thought it was pretty true - small business owners are all this... https://www.facebook.com/EntrepreneurNetwork/videos/749487058483635/?fref=nf

08.01.2022 Why the financially savvy have a different tax time to others DKM Group - http://bit.ly/1HJBkQr

07.01.2022 Many small business owners believe that their business is too small to be targeted by fraudsters and scammers. This could not be further from the truth. http://www.dynamicbusiness.com.au//small-business-and-frau

07.01.2022 This Saturday is Small Business Day - Get behind small businesses in your area! http://smallbusinessmatters.net.au/pa/facts-and-our-charter

06.01.2022 Key budget highlights for small business - The tax rate for companies with an aggregated annual turnover of less than $2 million will be reduced by 1.5 per cent from the 2015/16 income year. - A 5 per cent tax discount for individual taxpayers with business income.... - Immediate deduction for the cost of assets will be temporarily increased from $1000 to $20,000. - The rules preventing small businesses from re-entering the simplified depreciation regime for five years after opting not to use it will also be temporarily suspended. - New businesses will be able to claim an immediate deduction for professional expenses associated with setting up their business. - Further changes will be made to the taxation of employee share schemes. - Other measures to encourage business startups and entrepreneurship will be introduced. - Capital gains tax (CGT) relief will be available to small businesses for a CGT liability arising from the alteration of their legal structure from the 2016/17 income year. - Primary producers will be able to claim accelerated depreciation for water facilities, fodder storage and fencing from 1 July 2016. - The fringe benefits tax exemption for portable electronic devices used primarily for work purposes will be expanded from 1 April 2016. See more

06.01.2022 Good news for home owners... not so good for investors.

05.01.2022 Bensimon Diamonds owner Ron Bensimon shares his advice on finding the best business partner. A lot of people have very good ideas. Its all about finding the right people to work with on them. http://www.thenakedceo.com//turning-big-ideas-into-success/

05.01.2022 5 tips for creating great home office spaces.

04.01.2022 How would you find a job if you didnt have access to the internet? Take some tips from your parents and learn how they searched for work before the existence of Seek, Google and LinkedIn! http://www.thenakedceo.com//what-you-can-learn-from-your-/

03.01.2022 A question which I am often asked to answer from a tax perspective.

03.01.2022 Getting instant help with Xero just got easier!

01.01.2022 The Tax Laws Amendment (Small Business Measures No 2) Bill 2015 has received assent as Act No 67 of 2015. The new Act contains the following measures: - instant asset write off - the Act temporarily increases the threshold below which small businesses can claim an immediate deduction for the cost of assets from $1000 to $20,000. The increased threshold of $20,000 applies from 7.30pm (AEST), on 12 May 2015 until Friday 30 June 2017. From Saturday 1 July 2017, the threshold rev...erts to $1000. - accelerated depreciation for primary producers - the Act allows primary producers to claim an immediate deduction for capital expenditure on water facilities and fencing assets and to deduct capital expenditure on fodder storage assets over three years. The measure applies to assets that an entity starts to hold or to expenditure an entity incurs at or after 7.30pm (AEST), on 12 May 2015. See more

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