Brad Ryan

With many businesses simply trying to survive, conserve cashflow and make it through COVID-19 its timely to remember that tax is a cost which needs to be addressed.  Detailed below are some helpful hints in managing your tax prior to 30 June. Job-keeper Payments Whilst most eligible businesses have registered and are receiving payment, some …

End of Year Tax Planning Tips – Business Read More »

We are pleased to announce that we have moved into our new premises at 116 Racecourse Road, Ascot and are fully operational. The premises have been specifically designed for our business and will be our permanent address for many years. As part of creating a feel for the office we commissioned an artwork by a …

We have moved into new premises Read More »

Welcome to our 4th edition of Coeus Chronicles. In Greek mythology Coeus was a Titan respected for his intellect, resolve and gift of foresight. At Coeus Advisers we use these qualities to assist our clients to make the right decisions in the areas of taxation, business finance and investments. During the summer Australia experienced the …

Coeus Chronicles – Edition 4 Read More »

With the fringe benefits tax (FBT) year ending on 31st March it is that time of year for employers to review the non-cash benefits they have provided to their employees and assess their FBT liability.  It is important to note that FBT is levied at the highest tax rate (currently 47%) on the taxable value …

Fringe Benefits Tax – Getting the Most Out of the Benefits you Provide Your Employees Read More »

Lifestyle Assets Do you own “lifestyle assets” such as an expensive car, fine art or a boat? If so, the ATO may be checking to see that your declared income can support your lifestyle.  The ATO is using its extensive powers and has instructed over 30 insurance companies (targeting approximately 350,000 people) to provide information …

Compliance Matters – What is the ATO Targeting? Read More »

Some cashed-up parents naturally want to give their children a head start financially, but the big question is how best to help them. Financial assistance typically falls into a few broad categories: Financial backing to get older children into the property market. Long-term investments in platforms, such as trusts and investment bonds, that mature when …

How to Best Help Your Children Read More »

If you have a business partner(s) have you ever considered what would happen if that person was unable to continue to work in the business or worse still that person died?  Aside from the emotional grief of losing a close working and highly skilled business partner, the remaining business partner in these circumstances will also …

Partnership Insurance Read More »

Whilst we are all struggling to keep up with the rate of change within the superannuation sector, this year there are some welcome changes which may help people boost their retirement savings and also save some personal income tax. Carry forward concessional (tax deductible) contributions With effect from 1 July 2019 superannuation fund members with …

New Superannuation Rules for 2020 Read More »

The Federal Government has passed legislation which prevents people who have been Australian residents for tax purposes for many years from using the CGT main residence exemption (MRE) if they are foreign residents at the time they sell their property (with limited exceptions). An example of how this new legislation applies is detailed below. An …

Foreign Residents – Watch that CGT Main Residence Exemption! Read More »