Brealey Quill Kenny industry news and updates

Some banks are advising customers with business accounts to transfer excess cash to pay down the business owner’s home loan. While it might sound like common sense to use the excess cash in your business, there are significant potential problems...

On 15 March 2016, Minister for Small Business and Assistant Treasurer, the Hon Kelly O’Dwyer launched the Office of the Australian Small Business and Family Enterprise Ombudsman. Ms Kate Carnell AO was appointed to the Ombudsman role. Ms Carnell AO...

A friendly reminder that if you are an employer you have until 30 June 2016 to be using a certified SuperStream compliant service when you pay and report employee super contributions. SuperStream is part of the government’s Super Reform package...

For most people, sitting down to write a will ranks slightly higher on the priority list than going to the dentist for a root canal (and usually not by much).  Trying to plan for what happens to your estate can...

The article below published in WA Today is a timely reminder to our clients to have their FBT affairs in order prior the end of the FBT year on 31 March 2016. If they are providing their employees with a...

Whilst the PPSA can be a pain for the hire industry it’s fantastic news if your selling goods on credit.  In the past you may have retained title to the goods until they received payment.  This wasn’t always successful.  Now it is.  The...

Short term workers whether hired for a few hours or a couple of days can be classified as employees or contractors. A recent article from the ATO looks at the importance of determining the difference. Click here to read more...

A recent article from the ATO has highlighted the new rules for claiming car expenses which will apply for sole traders or an individual in a partnership for the 2016 financial year. Click here to read more      

Luck is something that we all talk about. Is it important in a business situation?  Many people believe it depends on your attitude. One of the ways you can improve your “luck position” is to persevere. Keep yourself and your...

It’s suggested that directors should be making enquiries on the basis of the preparation of budgets and cashflow forecasts for the company. Now is the time to be asking these questions because many companies will currently be preparing budgets for...