2018 Federal Budget Summary
2018 Federal Budget Summary (produced using resources of CPA Australia and Wolters Kluwer) This year’s Federal Budget, the third handed down by the treasurer, Scott Morrison is certainly an attention grabber for its broad and long-term tax relief. Many of... Read More →
Are You A Sole Trader? Here’s What You Need To Know
As a sole trader, there are a number of particulars about your business that you should keep in mind. One of these particulars involves understanding the legal and tax formalities that surround your type of business. Furthermore, you’re going to... Read More →
2015 Budget Summary
The 2015 Federal Budget recently handed down by Treasurer Joe Hockey has included lots of sweeteners for operators of small businesses. Please see the attached PDF for a summary of certain proposed measures from the budget which we feel are... Read More →
We are a Socially Responsible Employer!
Here at Young Financial Group (YFG), we are always looking for ways to give back to the community. In consultation with our staff, we have implemented an initiative whereby employees nominate a charity whose cause is close to their hearts... Read More →
Profiling has its advantages
The Australian Taxation Office has made use of its new $800 million computer system to identify and block what it claims are $125 million of fraudulent or overstated refunds. This figure represents the tax returns lodged in July 2011 alone and is already... Read More →
Survival of the Fittest
It’s an age old adage which Darwin postulated and now the Australian Taxation Office (ATO) is incorporating into its approach on collecting overdue tax liabilities from businesses, estimated to total at $15 billion. The tax commissioner, Michael D’Ascenzo has been... Read More →
OXFAM 100km Trailwalker Challenge
We are pleased to announce that Young Financial Group is supporting Jack Hellman and his team as they prepare to take on the OXFAM 100km Trailwalker Challenge being held in Sydney on 26 August 2011. Teams are required to complete... Read More →
Are you MoneySmart?
The Australian Government has today launched a new webiste called MoneySmart as part of its financial literacy campaign. It is a free, unbiased service aiming to provide a useful information resource and helpful hints on a variety of financial transactions... Read More →
Have you missed out?
Are you entitled to the Education Tax Refund (ETR)? Data has shown that 1 in 5 eligible children and their families missed out on the benefits of the ETR because their parents were unaware they were able to make a claim in their tax return or did not keep receipts.
Contractor or Employee
If you are running a business, it is likely that you will be engaging the services of another individual person in the course of your business. The question I get asked time and time again is: "Should I employ the individual or engage them as a independent contractor?"