News

Peace of Mind When Facing Challenges of Aged Care

May 2019 | Real Estate
Background A long-standing client of AAG referred a family to our services as they were experiencing a challenging time in their lives: their parent required aged care as a result of a medical condition. The children were struggling to navigate an unfamiliar financial situation, compounded by feelings of emotion and significant stress. Misinformation in...
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Election Outcome: Nothing to see here folks, business as usual

May 2019 | Investments
Well, the election is over, the Coalition has been re-elected and will likely form a majority government in the lower house. This means they won’t have to rely on deals with other parties to get their announced policies through. While there is a risk on one hand, that the Government may decide to use...
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Single Touch Payroll for Businesses

May 2019 | Accounting & Tax
Many clients will be aware that the ATO has been moving its activity to data matching and to be able to match up information from different sources to enable them to narrow down any missed revenue from a tax perspective. The ATO started this process over 12 months ago, when it introduced Single Touch...
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Small and Medium Business Tax Planning: Asset Write-Off Increased to $30,000

May 2019 | Finance
Before the election was announced, the Parliament approved that business entities with an annual turnover of less than $50m, can now Write-Off assets that cost less than $30,000 in the year that they buy them. The Government decided to extend the small business relief (businesses with less than $10m turnover) to include medium businesses...
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Leave a Legacy, not a Mess

May 2019 | Legal
AustAsia Legal Pty Ltd (a member of the AustAsia Group) is experienced in the preparation and administration of Wills and estates.  Our many years of experience has proven that you need good legal advice before drafting your Will, to ensure that your Will is clear, accurate and valid. We come across situations often where...
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Labor’s Proposed Policies if elected

April 2019 | General
With the election just over 4 weeks away, we thought this would be a good opportunity to highlight some of Labor’s key policies and the effect that they could have on you. Polls are giving Labor a clear lead, although it’s narrowed a bit. With Labor promising higher taxes, larger government and more intervention...
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Don’t blow your retirement cash to buy a Porsche to qualify for a Centrelink pension

April 2019 | Investments
You may have seen a lot of press lately surrounding Labor’s proposed polices targeting franking credit refunds, negative gearing and pension thresholds. We just wanted to let you know that AAG are across these issues, including some rather creative solutions from financial journalists. In particular, there was an article in the West Australian recently...
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Federal Budget 2019-2020 Summary

April 2019 | General
Josh Frydenberg’s Back In Black Tour We have reviewed and consolidated a wide range of market commentary into this summary of the 2019-20 Federal Budget. The Budget contains proposals at this stage, they are not law and will only become law if passed by Parliament. The centrepiece of the 2019-20 Federal Budget was $158...
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The Personal Property Security Register and Expiring Registrations

April 2019 | Legal
Do you: Sell goods on retention of title terms? Hire, rent or lease out goods? Buy or sell valuable second-hand goods? Want to raise finance for your business using your stock or other assets as collateral? As many of our clients would know from a previous AAG Newsletter on this topic, in 2012 a...
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Property Market Follow-Up

April 2019 | Real Estate
Further to our update last week on the Property Market. We were pleased to see some more commentary from other property industry players who have similar sentiment. This is a quote which we thought summarised the position well: The reality is, there are a vast number of different property markets within Australia, and hundreds...
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