ImagePost HeadingDate and AuthorIntroduction SentenceLink
files/images/content/BlogHomepage/crystal-ball.jpgWhat happens when a Discretionary Trust Vests?08/02/2019 by Smith Thornton AccountantsThere is a lot of confusion as to what happens when a Discretionary Trust reaches its vesting date.what-happens-when-a-discretionary-trust-vests
files/images/content/BlogHomepage/blue-arrow.jpgCoronavirus - Federal and State Government Assistance to Business17/03/2020 by Smith Thornton AccountantsCurrently the Federal and State Governments have outlined the following assistance to small business.coronavirus---federal-and-state-government-assistance-to-business
files/images/content/markus-winkler--fRAIQHKcc0-unsplash.jpgHave you reassessed your eligible employees for JobKeeper?19 August 2020Update to the JobKeeper subsidy for employeeshave-you-reassessed-your-eligible-employees-for-jobkeeper
files/images/content/Scam alert.jpgJobKeeper Email Scam21 OctoberWe have become aware that there is a JobKeeper email scam doing the rounds.jobkeeper-email-scam
files/images/content/Piggy bank.jpg2020 Federal Budget Announcement21 October 2020The 2020 Federal Budget Announcement on 6 October included significant measures to encourage consumer spending and drive the economy out of its current state.2020-federal-budget-announcement
files/images/content/Scam alert.jpgCoronavirus Special Update23/03/2020 by Smith Thornton AccountantsGovernment's Stimulus Package in response to the Coronaviruscoronavirus-special-update
files/images/content/BlogHomepage/chess.jpgCovid 19 - Business Planning23/03/2020 by Smith Thornton AccountantsWe are receiving a number of enquiries from clients worried about what impact COVID-19 will have on their businesses.covid-19---business-planning
files/images/content/shutterstock_1149593039.jpgCase law update - Casuals v Permanent Employees6 July 2020, Smith Thornton AccountantsIf you engage casual employees, make sure you're aware of the latest updates.case-law-update---casuals-v-permanent-employees
files/images/content/Calculator.jpgHave you Updated your Tax Withholding Tables?Dean ThorntonThe updated withholding rates apply from 13 October 2020 and employers should implement the new rates by 16 November.have-you-updated-your-tax-withholding-tables
files/images/content/Kicking goal.jpgBusiness Owners in Control and Kicking GoalsJenna van NieropHave you ever heard of the saying “Most people that aim at nothing achieve it every time”?business-owners-in-control-and-kicking-goals
files/images/content/Succession planning image.jpgSuccession Planning – Getting StartedJenna van NieropIn basic terms, succession planning is the process a business or family goes through to determine what each participants’ role will be when the existing business owners, farm owners, or key employees enter into retirement or decide to exit the business.succession-planning--getting-started-
files/images/content/Retirement.jpgApproaching retirement and scaling down - Case StudyJenna van NieropFred and Fran Farmproud had been cattle farmers in the Great Southern for decades. They farmed three parcels of land with operations that consisted of a cattle stud, breeders and cattle trading.approaching-retirement-and-scaling-down---case-study
files/images/content/Farming.jpgSuccession planning for farmersJenna van NieropHistorically farms and farming businesses have been passed down from one generation to the next, seemingly with little input from third parties or advisors.succession-planning-for-farmers
files/images/content/Graph.jpgKey Performance Indicators – Help or Hindrance?Jenna van NieropWhen Key Performance Indicators or KPIs are mentioned to business owners the response can be quite varied.key-performance-indicators--help-or-hindrance
files/images/content/Cashflow.jpgThe necessity of cash flow forecastingJenna van NieropCash flow forecasts are an important tool used to predict the cash position of a business at some point in the future.the-necessity-of-cash-flow-forecasting
files/images/content/ST event image copy.jpegBusiness Health Checks - In Vogue or Necessary?Jenna van NieropUnless you have been living under a rock you would have seen or heard the term “Business Health Check”.business-health-checks--in-vogue-or-necessary
files/images/content/Stapler.jpgSuper Stapling starts 1st November 2021Lauren Batten - Specialist BookkeeperWhat is Stapling and why is it being introduced?super-stapling-starts-1st-november-2021
files/images/content/Yacht.jpgInheriting assets – the hidden tax implicationsRebecca WillissIf you have inherited or are likely to inherit an asset in your lifetime, keep reading...inheriting-assets--the-hidden-tax-implications
files/images/content/Farm machinery.jpgAgtech helping farmers solve problemsRebecca WillissDid you see the ‘Remote Access’ article in November 2020’s AgJournal (with Roger Fletcher on the cover) by Sue Neales?agtech-helping-farmers-solve-problems
files/images/content/Roller coaster.jpg2021 tax estimations and tax minimisation strategiesRebecca WillissFor many, this financial year has been a continual rollercoaster, making it hard to get a feel for how your business has performed.2021-tax-estimations-and-tax-minimisation-strategies
files/images/content/Traffic lights.jpgTFNs – handle with care or pay the priceRebecca WillissPrivacy (Tax File Number) Rule 2015 is in full force and requires TFN recipients to take special care on how we receive, store and disclose TFNs. I am a TFN recipient, and it’s quite likely that you could be as well!tfns--handle-with-care-or-pay-the-price
files/images/content/ST team.jpgEOFY dinner wrap up and 25 year anniversary celebrationRebecca WillissThe Smith Thornton team celebrated the end of the financial year in style at Garrison Restaurant on 3rd July. There were many reasons to smile, with the end of a hectic year, the celebration of Smith Thornton’s 25 year anniversary, and a chance to unwind with our comrades.eofy-dinner-wrap-up-and-25-year-anniversary-celebration
files/images/content/Arms.jpgThe annoying reality of non-arm’s length transactionsRebecca WillissWhat is a non-arm’s length transaction?the-annoying-reality-of-non-arms-length-transactions
files/images/content/Fingerprint.jpgDirector IDsRebecca WillissFrom November 2021, company directors will need to verify their identity as a part of a new director identification number (director ID) requirement.director-ids
files/images/content/Tree.jpgThe Outsourced CFORyan McLarenOver the past few years the rapid development of cloud based software systems has seen the rise of outsourced roles within many businesses. Cthe-outsourced-cfo
files/images/content/Megaphone.jpgFederal Budget Summary 2021-22Ryan McLarenWhilst the 2021-22 budget announced on 11 May didn’t contain any groundbreaking initiatives, it did serve to extend certain personal and business tax initiatives and streamline other areas.federal-budget-summary-2021-22
files/images/content/Cryptocurrency.jpgCryptocurrencyRyan McLarenWith cryptocurrency becoming more prominent in today’s world, it’s a good time to touch on what this looks like for you in regards to your tax return.cryptocurrency
files/images/content/True or false.jpgClaiming false tax deductions – it affects accountants too…Simon SmithThis is a case where two tax agents were habitually making incorrect tax deductions on behalf of their clients, and the consequences saw them put out of business.claiming-false-tax-deductions--it-affects-accountants-too
files/images/content/$ signs.jpgToo good to be true?Simon SmithPonzi is a term you would have heard bandied about again recently. It paints a picture of investor fraud where investors capital is repaid to them under the false guise of earnings.too-good-to-be-true
files/images/content/Racehorse.jpgLifestyle Assets – the ATO is watching…Simon SmithDo your lifestyle tastes extend to fine art or thoroughbred horses ? The ATO is interested too…lifestyle-assets--the-ato-is-watching
files/images/content/Crypto.jpgCrypto crackdownSimon SmithEven though the technology behind cryptocurrencies is innovative and new, the tax laws that apply are well established under capital gains tax provisions for cryptocurrency investors.crypto-crackdown
files/images/content/Red flag.jpgEmployer Alert - Single Touch Payroll Phase 2 (STP2)Wendy FitzgeraldSTP2 begins from 1 January 2022 unless a deferral is in place.employer-alert---single-touch-payroll-phase-2-stp2

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