Issues affecting Australian businesses in 2018
Several key changes will affect Australian workplaces this year, including the commencement of the mandatory data breach notification regime and the replacement of the 457 visa program.
Top Tax Changes in 2018
SMALL BUSINESSES AND COMPANIES
- From 1 July 2017, the concessional corporate tax rate of 27.5% will only be available for ‘‘base rate entities’’, being entities with no more than 80% of its income being ‘‘base rate entity passive income’’
- The ATO will be allowed to disclose to Credit Reporting Bureaus the tax debt information of businesses that have not effectively engaged with the ATO to manage these debts from 1 July 2017
- Simplified BAS reporting applies to small business entities from 1 July 2017.
ATO warning on potential frauds and scams
The ATO has issued a public alert warning of a potential email scam affecting clients, following an increase in fraud activity in recent months.
The ATO is warning of an email scam, which features the tax office’s letterhead and an email address similar to those used in official ATO correspondence. In an example email provided by the ATO, scammers are asking people to complete an online ‘tax form’ through a link that contains malware.
Save Interest on Residential Investment Property Lending
If your investment home loan interest rate begins with a “5”, you need to read this article as it could be starting with a “3” or a low “4”
It’s a tough market for most residential property investors at present, but there are still some opportunities to save significant interest in this area.
Dilemma Whether to Hold on to Your Investment Property or Let go?
Just last week, one of our very valued clients came over to discuss if to hold on to his investment property or sell it.
The couple, like many others, had made an informed decision to invest in property market as a stable retirement plan. Back then, it was lucrative as the property market was booming. But now, with an all time low housing market in WA, he is faced with a dilemma of whether to hold on to his properties and expect a turnaround or to let it go.
Business Owners – Ensuring you Get Paid
There are a large number of legal reasons why people in small business do not get paid. Not all of them apply to all businesses, however some of them will apply to just about every business.
Xerocon 2017 – A Walk into the Fourth Industrial Revolution
With more than 3000 attendees from across 19 countries, Xerocon 2017 was a mega success. Fortuna, as one of Xero’s Silver partners attended the event and took a joint step towards bracing what the world is referring to as the ‘Fourth Industrial Revolution’.
Fortuna supports Kidzucate – Says No To Bullying
We, at Fortuna hosted clients, well-wishers and members of the Stirling Business Community at our new extended office premises at Balcatta on Thursday 24th August. The aim was simple: Mix, Mingle, Network. Dinesh Aggarwal, Founder & MD of Fortuna thanked guests for their presence and reached out to clients for their long standing relationship with Fortuna over the years.
An invaluable breakfast with the LinkedIn Guru – Darrel Griffin
Fortuna in collaboration with the Stirling Business Association organised a much awaited breakfast workshop with Darrel Griffin. Darrel is a LinkedIn Guru and is among the most revered social media experts in the state of WA. Through organised leadership and coaching, he helps small businesses develop and implement successful LinkedIn strategies and use them to generate more business. The event witnessed a massive turnout from members of the Stirling business community.
WATCH OUT: TOP TAX CHANGES in 2017-18
Keeping pace with the changing dynamics of the Australian economy, Australian Taxes are changing and some of these changes may affect you as taxpayers. Presented below is a summary of the top tax changes in 2017-18.
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