April 2016 Newsletter

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CONSIDER YOUR SUPERANNUATION BEFORE THE 3 MAY BUDGET AND 30 JUNE 2016

The 2016 Federal Budget is less than one month away, with several potential policy changes including the possible end to Transition to Retirement Pension arrangements and reductions to the concessional and non-concessional contribution caps. Now is the time to review your SMSF and see what opportunities can be implemented.

We’ve pulled together a checklist to help you.

FBT UPDATE AND LODGEMENT REMINDER

If you have provided Fringe Benefit Tax benefits to your employees this FBT year, you may be required to pay Fringe Benefits Tax. These benefits might include a company car, private health insurance cover, holidays, low interest loans, meals or entertainement.

Our article covers the latest updates and a list of initiatives that you as an employer can implement to reduce the amount of tax you have to pay.

CASH IS KING

In the current financial climate, it is increasingly more important to collect your debts.

If you have a profit margin of 20% on your sales, did you know that an unpaid debt requires additional sales of 5 times the amount of the original debt to break even? So it is crucial that you get your debts paid promptly.

Click here to read some of our advice about dealing with your debtors.

DELEGATING TIPS TO MAKE YOUR LIFE EASIER

If you could free up an hour of your time a day, you could create a month a year for yourself. If you’re a business owner imagine what that could mean for you? Perhaps you could use this extra time to focus on growing your business. Or maybe you could take four weeks additional holiday.

The following article gives you four simple ideas that will help you delegate tasks and free up some of your valuable time.

THE S&W CREW

At Stanley & Williamson we have a team of around 25 people. We are fairly sure that you won’t know everyone, so we’d like to start introducing some of them to you in this, and following editions.

Name: Thanh Vo
Position: Manager
Has been with us for: 14 years.
Loves: Spending time with her 2 nieces, Michelle and Megan.
Loathes: Sydney traffic, so she heads home late to avoid it.
Is passionate about: Travel, and wants to go to as many places as possible in the world.

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QUOTE

If you really want to do something, you’ll find a way.
If you don’t, you’ll find an excuse. Jim Rohn