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10-Jun-2022 YBM

Is it a yeah, or a nah?

Are you tossing up whether to claim for doggie day care, Tim Tams and pot plants as a working from home expense this tax year? Although it might sound tempting and can be argued as a possibility, it can lead … Continue reading

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26-May-2022 YBM

Should there be levies on EV vehicles?

Statistically speaking, it is a safe bet that you said ‘yes’ to that question. A staggering 92% of those asked in a recent online poll believed that EV owners should be contributing to the infrastructure of Australian roads. CPA Australia … Continue reading

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13-May-2022 YBM

The big crypto crackdown

Don’t fool yourself into believing that your cryptocurrency transactions are going unnoticed by the ATO. Even if you are just dabbling in the world of crypto, it is important that you acknowledge the tax implications that it might have. You … Continue reading

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04-May-2022 YBM

First Home Super Saver scheme – how does it work?

From 1 July 2022, if you’re a first home buyer you can release up to
$50,000 (up from $30,000) from your voluntary super contributions
to help you buy your first home. Continue reading

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29-Apr-2022 YBM

Do you feel stronger post pandemic? You’re not alone!

A MYOB survey of 500 SME owners and operators in Australia has shown that 52% of those interviewed have higher business confidence than they did before the pandemic. An incredible 78% report to have the same or an increased appetite … Continue reading

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13-Apr-2022 YBM

Your tax planning guide for 2022

It can all get a little overwhelming when it rolls around to tax time. Paying tax happens every year, without fail, so perhaps it is time to adopt a few small strategies to make the process a whole lot less … Continue reading

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30-Mar-2022 YBM

Federal Budget 2022-23 Summary

There is certainly something for everyone in this 2022-23 budget. Continue reading

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25-Mar-2022 YBM

Reminders issued for late lodgements and payments

It’s a new year, we are all back to work and settled in now after what we hope has been a relaxing and joyful summer period for all.  Now that you’re back on track and feeling fresh, it is a … Continue reading

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23-Mar-2022 YBM

Why does insurance matter?

The unexpected events of the past few years, have made financial protection a front of mind matter for most Australians. Continue reading

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18-Mar-2022 YBM

Record high job vacancies

In November of 2021, a record number of job vacancies were listed, according to the Australian Bureau of Statistics (ABS).  A promising post-pandemic situation for employees, the number of job vacancies is 74% higher than they were at the start … Continue reading

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03-Mar-2022 YBM

Anxiety taking its toll on SMEs

With over 1000 SMEs surveyed in December 2021 through MYOB’s Business Monitor, we have found that mental health is of a significant concern to Australian business owners, with anxiety and depression having a serious impact.  In fact, 45% of all … Continue reading

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23-Feb-2022 YBM

We are open for the new year and taking appointments

Over the last two years many people have taken stock of their life and have had a chance work out what is most important. So now is a great time to review your financial situation to ensure it still fits with your plans for your future. Continue reading

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23-Feb-2022 YBM

A new year is a chance for a fresh start

New year is a great time for making lifestyle changes, however, for goals and changes affecting your financial health, there’s often no better time than when starting a new job. Continue reading

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16-Feb-2022 YBM

Why is it so difficult to find employees?

If you’re a business owner and have been struggling to find talent for your business lately, you’re not alone. You have to have been living under a rock to have not heard of the Great Resignation that is plaguing businesses … Continue reading

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08-Feb-2022 YBM

How ethical is your accountant?

The sixth annual Ethics Index has been released by the Governance Institute of Australia. This is a survey that gauges what Australians think of the ethical standpoint of the professionals in many sectors of business in society.  We are proud … Continue reading

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03-Feb-2022 YBM

Long term unemployment cause for concern

The Australian Council of Social Services (ACOSS) has recently reported some distressing figures. The levels of long-term unemployment in this country are at an all-time high, with as many as 826,000 individuals needing income support over the past year.  This … Continue reading

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31-Jan-2022 YBM

Hard work by accountants are paying off with SME trust skyrocketing

We understand that running a business can be hard work. It is oftentimes lonely, isolating and extremely stressful. Recent years have done nothing to improve business owner’s sense of wellbeing. Interestingly, it seems as if this compassion has filtered through. … Continue reading

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31-Jan-2022 YBM

NSW Business Support 2022

The NSW Government has announced a $1bn support package for struggling NSW small businesses. Acknowledging the difficulty that business operators have faced, the NSW Treasurer Matt Kean has announced a package of measures to support small businesses impacted by COVID-19 … Continue reading

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13-Jan-2022 YBM

Set yourself up for success for 2022

It’s been another year of turmoil for business owners. You wouldn’t be wrong in wondering if this is your reality now, that going back to ‘normal’ isn’t going to be entirely possible.  If your business has survived into 2022, chances … Continue reading

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05-Dec-2021 YBM

Help is available for residents and businesses impacted by current and recent flooding….

While we cannot undo the damage Mother Nature has thrown our way, YBM are pleased that there are a number of assistance measures in place for individuals and businesses. Disaster Declarations have been issued for a number of local LGAs, … Continue reading

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22-Nov-2021 YBM

A snapshot of the taxable Australians

With the economy again opening up post Covid-19 disruptions, a 2022 election looming and the threat of inflation all on our heels, a repair of the budget is in order, with a focus on who pays the bills and who … Continue reading

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18-Nov-2021 YBM

Tax for Christmas?

So, you’re looking to purchase a few staff gifts for the holiday season and perhaps throw a small party in honour of the silly season after yet another, anything but silly year? It’s best you’re equipped with the information that … Continue reading

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03-Nov-2021 YBM

New requirements for all company Directors

As part of a strategy to reduce illegal phoenix activity and improve traceability of company directors over time, all directors will soon be required to hold a ‘Director Identification Number’. This is a single, unique 15-digit identifier. It will not change and will be attached to the individual forever. Continue reading

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28-Oct-2021 YBM

Black Dog Institute’s One Foot Forward challenge 2021

YBM is participating in the Black Dog Institute’s One Foot Forward challenge in October 2021 to walk as much as we can and raise funds. We have set a goal of $1000. We also have two staff members who are Mental Health First Aid qualified. Continue reading

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28-Oct-2021 YBM

Mentally healthy workplaces – a NSW Government edition

Mental health at work matters. Mentally healthy workplaces are more productive and profitable businesses where everyone feels supported. Find out how mentally healthy your workplace is by taking the NSW Government’s Workplace Pulse Check. Continue reading

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13-Oct-2021 YBM

Here is how to make sure your business is a success

Business ownership is not for the faint hearted. If you have an idea for a business that you are eager to transform into reality, then there are a few concepts that you may find useful to ensure that your business has the best possible chances of becoming a success.
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20-Sep-2021 YBM

When and how to retire from your own business

Retirement as a business owner is something that will likely sneak up on you because business owners are so focused on the here and now for management success.  Although you have undoubtedly considered the prospect of retirement in coming years, … Continue reading

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06-Sep-2021 YBM

COVID-19 FINANCIAL ASSISTANCE MEASURES

Many of you may be confused about the current Covid Financial Assistance that is available as lockdown dates and eligibility rules change. To assist you we have compiled a basic summary of the main assistance measures currently available. Please note … Continue reading

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27-Aug-2021 YBM

Important ATO rulings for SMSFs

We kindly urge you to speak with us about your superannuation goals and current plans to ensure that the best possible outcome is achieved for your financial future. Continue reading

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15-Aug-2021 YBM

All things Cryptocurrency

Cryptocurrency is a $1-2 trillion USD market, and it is certainly a concept that is drawing the attention of investors everywhere. With the ability to trade crypto for real estate or businesses or sell it for cash, your options are extensive when focusing on the potentials available. Continue reading