Covid-19 Stage 4 Lockdown

Due to the current Covid-19 Pandemic Stage 4 lockdown our office is currently CLOSED. However many of our staff will continue to work from home to complete our client work.  We are still able to be contacted via phone leaving a message on 0397301708, via our contact form on the website or via email […]

Covid19 Government Stimulus Package

You’ve probably heard some news around the Government Stimulus Package, so we just wanted to highlight the main points that might provide some relief for your business. Key Points 1.       The stimulus package is still subject to the passage of legislation, so the details/criteria may still change slightly. 2.       Maximum $25K Tax Free payment to […]

Recent Scams

There has been a recent increase in scams targeting businesses and taxpayers. Today we have received notifications from both the Australian Securities and Investment Commission (ASIC) and the Australian Taxation Office (ATO) about current scam activity taking place. The ASIC warning involves scammers pretending to be from the registry and asking customers to pay fees […]

PAYG Withholding Tax Tables Update

The ATO has released updated tax tables following the introduction of legislation into Parliament changing individual tax rates for the 2016-17 income year. Those employers preparing wages manually should download the updated tables from the ATO. Employers using desktop software should check with their software provider for the latest updates or tax tables. Those using […]

Asciano Limited Takeover – What a complicated deal!

Anyone with shares in Asciano (AIO) would need to read the Bidder’s Statement from Nitro Corporation Pty Ltd very carefully to decide whether to take up the offer for their shares or not, as it involves cash and CDI’s in Nitro’s ultimate holding company, Brookfield Infrastructure Partners L.P (which are not yet listed on the […]

Spark Infrastructure – Retail Entitlement Offer

Spark Infrastructure (SKI) has offered current security holders the opportunity to purchase 5 new securities for every 34 held at today’s date. The price that they are offered at is $1.88, which is only .5c below the current trading price! As always, there are many things to consider, so consider whether they represent good value […]

Transurban Share Offer – Is It Worth It?

Transurban (TCL) is offering to sell to current shareholders one new stapled security for every 18 they currently hold for $9.60.  This price represents a discount of 8.65% on the current market price of $10.51. The funds are to be used to acquire AirportlinkM7 (which connects Brisbane Airport to many parts of Brisbane.  Although Stock […]

Westpac Retail Entitlement Offer – A Good Buy?

Westpac (WBC), like the other 3 major banks have been required to increase its capital ratio to ensure greater strength and less risk in its lending activities and has followed the other banks in raising some of this requirement by issuing shares to current shareholders at a significant discount. At the close of trading today, […]