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