News
JobKeeper 2.0 - The New Requirements
The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees.
$100k offered to businesses solving environmental challenges.
The Australian government has just announced its latest funding round for small and medium-sized businesses to develop innovative solutions that can solve national environmental challenges
SME Guarantee Scheme Extended
The Coronavirus SME Guarantee Scheme has now been extended to 30 June 2021, to support a larger number of small and medium-sized businesses adapt and innovate during the coronavirus crisis.
Varying PAYG instalments because of COVID-19
PAYG instalments is a system that helps you manage your expected tax liability on income from your business or investments for the current income year by making smaller regular payments.
Remote AGMs and document signing allowed
Due to public safety concerns related to COVID-19, until the date above companies will be permitted to hold their annual general meeting in electronic format.
The realities of insuring against cyber crime
Think your business is too small or that your data and information isn’t important enough to be targeted by hackers? Think again
Instant asset write off extended to 31 December
Businesses with a turnover of up to $500 million a year will be allowed to continue writing off newly purchased assets worth up to $150,000.
Tax Return Tips
Despite the current COVID-19 world in which we live, the procedures for completing and lodging tax returns remains pretty much the same.
Congratulations Matt Schaefer
Matt has more than 13 years of experience in Public Practice business services since joining Forsyths in 2007.
SME Tax Cuts
Australian SMEs earning up to $50 million a year will enjoy a 26 per cent tax rate from tomorrow, with the government’s fast-tracked tax cuts for small companies due to come into effect on 1 July.
SMSF Connect Portal
To help support you to make informed decisions regarding your SMSF, we are pleased to provide you access to our new SMSF Education Resource on our website. This resource is brought to you by the SMSF Association, the peak professional body representing the SMSF sector.
JobKeeper changes for business
Jobkeeper changes are on the way and businesses other than child care could stop getting payments from workers.
ATO reveals big changes to tax refunds
ATO reveals big changes to tax refunds, deductions due to coronavirus
$150k Asset Write-off Extended
Businesses given extra 6 months to write off newly purchased assets
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PM unveils JobMaker, promises 'more efficient' taxes and less regulation
The Prime Minister has unveiled a new government scheme giving way to tax reform and deregulation to ease the burden on small business
Up to $10 000 up for grabs for small businesses
New $10,000 grants up for grabs for small-business to aid reopening from COVID-19.
Accountants celebrated for their frontline COVID-19 efforts
In a recent webcast the Australian Small Business and Family Enterprise Ombudsman (ABSFEO), Kate Carnell; Deputy Commissioner from the ATO, Deborah Jenkins; and Reckon CEO Sam Allert thanked accountants and bookkeepers for their essential role in buffering the impact of the ongoing COVID-19 crisis.
JOBKEEPER SCHEME OVERVIEW
The Federal Government has introduced a JobKeeper subsidy that could potentially apply to any business that has experienced a reduction in turnover from 2019 to 2020. Your business may be eligible to receive this subsidy even if you don’t have employees.
Coronavirus Stimulus Package 3
A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn).
Coronavirus Stimulus Package 2
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws.
COVID-19 Minimising infection risk for you, our team and the community
Forsyths is mindful of the role we play within our communities in minimising the spread of COVID-19. In caring for our team and our
clients, this week we have implemented a number of new policies designed to reduce unnecessary exposure within the New England North
West.
The Stimulus Package: What you need to know
The Australian Government has released a number of support measures for individuals and businesses in response to the financial impact of the Coronavirus.
We have some exciting news.
We have recently finalised negotiations with Edwards O’Connor Chartered Accountants (Tamworth, Glen Innes and Narrabri) to join with Forsyths in a merger effective 1 July 2020.
Our growing team at Armidale settles into their new contemporary space
In a new and contemporary approach, the 800 square metre space offers a light and collaborative area for clients to hold meetings, a central kitchen for clients and the Forsyths team and large open plan seating areas suggestive of a Google or Yahoo style office arrangement
Forsyths Team News
Erica Hoy has just completed her Chartered Accountant Program with Chartered Accountants Australia and New Zealand.
Forsyths Community News
Keep up-to-date with us on all the latest news around our region and our community.
Tamworth Meals on Wheels – 5000 meals a month
Forsyths Principal, Phil Bolton is the Honorary Treasurer of Tamworth Meals on Wheels. Phil has fulfilled this role for more than ten years and has recently introduced Forsyths Business Services Manager, Emily Fritsch, to the organisation as well.
New Xero Support Specialist
In response to the growing number of clients moving to cloud based accounting we’re excited to announce that Forsyths will soon employ a Xero Support Specialist within our growing team.
Superannuation Guarantee amnesty legislation re-tabled
The legislation to establish a one-off amnesty for historical underpayment of superannuation guarantee (SG) has been re-introduced in a bill to go before parliament.
Interest rate lows
Record low interest rates, with the official cash rate at 0.75% provide potential opportunities for some and a need for repositioning for others.
Armidale National Seniors Forum
The Armidale community recently gathered for a full day of presentations ranging from healthy lifestyles, legal issues and planning for retirement and aged care facilities.
Our Assurance team change with the environment
Forsyths assurance team are taking on new and exciting work in the clean energy space.
Disaster Assistance Announced for New England North West Storms
For those affected by storms that weathered parts of our region last December, financial assistance for damage caused is now available via government grants.
Forsyths takes out Employer of Choice
Forsyths has been announced as the winners of the Outstanding Employer of Choice Category in the second round of the Regional Business Awards.
Clint Abraham talks Investment
Last month saw the visit from Morningstar’s Clint Abraham and Sam Woodham, who spoke about the current state of the economy for investing and where Morningstar sees opportunities in coming months and the year ahead.
Welcome to Rod Wark, Senior Financial Adviser
We're delighted to welcome Rod Wark to the Forsyths team. Rod is a Senior Financial Adviser and is helping people in the New England region make plans to reach their financial goals.
A Frantic Morning for one Forsyths Team Member
Life even in the beautiful New England North West can be frantic at times. Planning for our future is important.
Morningstar Investment Management Sessions
In September, Forsyths will welcome the highly regarded Morningstar Investment Management Portfolio Specialist, Clint Abraham, to the region.
Protecting Your Super Package
Recently the Federal Government introduced new laws, known as Protecting Your Super Package, designed to protect small superannuation balances. Under the new laws, some changes will apply.
Do You Stand To Lose Your Franking Credits?
Forsyths Financial Services Team will be holding an information session to assist clients to understand Labor's franking credit proposal and planning options.
Single Touch Payroll - June 30 - Changes For Small Business
If you’re a small business employing less than 20 people, you’ll soon be required to report to the Australian Tax Office through single touch payroll (STP) each time you pay employees.
Our Community
Amongst our busy workload and lives, we still believe it's important to make a difference in our community.
Homeless Women - How Did This Happen?
The thought of older women in our community battling to find the money for food and shelter is abhorrent. But it’s true.
Mum and Dad Investing 2019 - A 2-Minute Read
Even if you’re just dabbling in the stock market, 2019 is bringing plenty of opportunity for investment. There are however four key points that are worth taking into consideration.
Financially Speaking Autumn 2019
Globally, Share markets were down during the December 2018 quarter with the Australian share market falling 8.4%.
Forsyths Investment Commentary
Investment markets, particularly share markets, performed strongly through the first quarter of the year.
New Drought Funds Available
While the rain remains elusive, there’s some more help available to those experiencing the ongoing trials of the drought.
Law Society of NSW External Examiner Update to be released in March
Next month Solicitors will see The Law Society’s external examiner update for 2019. This blog looks at some of the key findings and how to ensure you’re doing the right thing.
Saving with Debt
It’s that resolution time of year again. The time when muffled conversations ...
An important message for Primary Producers
Further funding has been announced for primary producers in NSW to assist wit...
Abuse of the Elderly
How do we prepare our finances for old age? And, how do we protect the people we love from scams and theft?
Helping Our Community
Being local, I know of the impact that it has on a lot of lives not only in I...
Emergency Drought Relief for farmers
On 30 July 2018, the NSW Government announced an additional $500 million Emergency Drought Relief Fund.
How resistant do you think your business is to fraud?
As a small business owner, you may not have the proper processes and procedures that you need to have in place to prevent and detect fraud.
The Non-Compliance with Laws and Regulations (NOCLAR) Requirement
Forsyths has a responsibility to abide by the Code of Ethics for Professional Accountants.
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