Arnold & Finlay Blog
Whether JobKeeper will cease or continue for you after September it is important that you take similar steps to avoid a possible crisis when the support stops. Read more…
When I look around I see leaders who are not looking far enough into the future. We have all now gained experience of fairly chaotic times and so thinking needs to be directed beyond 'I hope things get better' to 'What if things are this way for another year (or two)?'. Read more…
It's not (unfortunately), but there are rules and boundaries, a biased umpire (in the ATO), and a time limit (30 June) when the game ends. Read more…
DON'T MAKE A BIG MISTAKE!
Did you make some resolutions for 2020, way back on 31 December? No doubt profit and cash and getting ahead were in there. Then, along comes The Virus and now you might as well just give up. Read more…
A RECESSION WITH A DIFFERENCE!
The last recession was in 1991 (Keating's "the recession we had to have"!). March is likely to be negative and June could be a big hit due to the business shutdowns. One resulting factor will be higher unemployment, and it will also be harder to switch jobs. Read more…
I've had quite enough of being in a Twilight Zone! (Although not that much can be done.)
Jump from the problem – no control – to the key aspect of a solution – how long will this last? Does anyone know? Of course no one knows but one good indication is a chart from the Health Department showing 'New and cumulative confirmed cases by notification date'. Read more…
The government announced yesterday a package of temporary measures to support the economy. These are in 4 parts and are aimed mostly at small to medium sized businesses. Some measures are immediate and some retrospective to 1 January 2020 (they do require legislation, which means they could be held up or amended in Parliament, the next sitting is 23 March). Read more…
The Super Guarantee Amnesty Bill has been passed by both houses (only took 2 years, opposed by Labor and the Greens). Read more…
Superannuation is fast becoming a large asset for most people, but many ignore the simplest requirements, like succession, compulsory payouts on death, insurance in the Fund, and an appropriate investment strategy. The ATO hasn't. Read more…
Loans by Private Companies to Shareholders
The ATO has been looking at the process of private companies paying dividends, and considers that some of the current practices might not be fully compliant with tax and corporation laws. Read more…