Use advanced estate planning strategies to setup or update your Discretionary Trusts. Five reasons to update your family discretionary trust deed When you set up your discretionary trust it was for a specific purpose – whether asset protection, tax minimisation or to build a family wealth structure. However, like a mobile phone, what features were […]
Protect Your Estate With Succession In Your Company
- OnVenture Pty Ltd
- Estate Planning
Protect your estate with effective succession planning for your company. What happens to your Companies if you die, get sick, are litigated against or become bankrupt? There are almost 3 million companies in Australia and many are used by small business to trade and for others, companies act as a trustee for a discretionary family […]
Tax Time 2022
Its time again to get your tax return into the ATO and gain access to your tax refund! What you need to know for your 2022 tax return The low to medium income tax offsets of up to $1080.00 per tax payer introduced in 2019 has been extended for tax payers and will help secure […]
Federal Budget 2022-23 – Key Insights
Australia’s Treasurer, Mr Josh Frydenberg handed down the 2022-23 Federal Budget on Tuesday, 29 March 2022. The Treasurer said a strong economic recovery is well underway, notwithstanding the COVID-19 pandemic and new shocks, such as the recent floods and the Russian invasion of Ukraine. Mr Frydenberg said economic growth forecasts have been revised upwards, driven […]
Tax Time 2021
- OnVenture
- Tax
Its time again to get your 2021 tax return into the ATO and gain access to your tax refund! What you need to know for your 2021 tax return The low to medium income tax offsets of up to $1080.00 per tax payer introduced in 2019 have been extended for tax payers and will help […]
MYOB Essentials to Xero Conversions On The Rise!
We have been experiencing an unprecedented increase in MYOB Essentials to Xero Conversions over the last few months as many small businesses are loosing confidence in the MYOB cloud based product and looking to make the switch to Xero while retaining their transactional history. Key benefits in converting to Xero: Many conversion clients have complained […]
Federal Budget 2021 Accounting & Tax Insights
Australia’s Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget at 7:30 pm (AEST) on 11 May 2021. A stronger than expected economic recovery from the COVID-19 recession has resulted in a budget deficit of $161 billion, $52.7 billion lower than the government’s expected deficit. Given the virus continues to be a threat to […]
Tax Time 2020
- Onventure
- Tax
Its time again to get your 2020 tax return into the ATO and gain access to your tax refund! What you need to know for your 2020 tax return The low to medium income tax offsets of up to $1080.00 per tax payer introduced in 2019 continues to be available For those who use the […]
COVID-19 – Supporting Businesses To Retain Jobs (JobKeeper Payment)
Supporting Businesses To Retain Jobs (JobKeeper Payment) OnVenture welcomes the Australian Government’s JobKeeper initiative to subsidise the wages costs of businesses who’s revenue has been significantly affected by the Coronavirus crisis but continue to operate and as to keep otherwise stood down employees connected with their employers in the case of shutdowns. The Australian Government […]
COVID-19 – Temporary Relief For Financially Distressed Businesses
Temporary Relief For Financially Distressed Businesses OnVenture welcomes the Australian Government’s stimulus package to introduce financial stimulus measures for business which has now passed through parliment and includes temporary relief for financially distressed businesses. While we all do our best to stay resiliant through this Coronavirus crisis we also need to be realistic about […]