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3 Monkeys AV thrives with Insight
he Perth company with the quirky name; 3 Monkeys Audiovisual, has grown from a fledgling business run from the owner’s attic to a multi-million dollar enterprise about to move into its own uber-modern showroom in Bayswater.
Owner Francis Fragomeni says Insight Advisory Group has been right alongside it every step of the way, providing an impressive range of services from business advice to bookeeping and payroll.
He explains the relationship started in the year 2000 when Insight principal Domenic Manno introduced him to a business opportunity; the chance to become a partner in an audio hire company. That business grew, even developing a sales division before Francis sold his share and moved into wholesaling.
Insight helps Pumpnseal go from good, to great
There is a saying, that relationships in life, and business, support and connect people, and allow them to grow all aspects of their lives, and that has never been more so, than with the former owners of the highly successful WA company Pumpnseal Australia.
The top 8 reasons why staff leave
Australia is facing a shortage of skilled labour. When the supply of staff dry up the focus often turns to retention. But the first step is to understand why people you want to stay, choose to move on?
When is the best time to refinance your home loan?
When is the best time to refinance your home loan? As a home owner with a mortgage, chances are you’ve heard of the term 'refinancing'. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your...
The unreachable Australian dream
Who thought house prices were going to fall due to the economic fallout from the COVID-19 pandemic? Our hand is up! Unfortunately for us, and for those wanting to enter the housing market for the first time, we were wrong. This article discusses the continued increase...
What happens when interest rates increase?
Since November 2020, borrowers have been indulging in record low interest rates, but what happens when rates start to rise, and mortgage repayments become unmanageable? This article discusses interest rates of the past and uses a case study to show the importance of...
Family Dynasties – The Thompson Family, From Blue Seas to Red Dust, a WA Treasure
When we consider family business dynasties, there’s probably few as quintessentially West Australian or as
diverse as the cray fishing Thompson family from the seaside town of Cervantes. Read more here …
Insight Brings Luxury Retreat Closer to Realisation of Dream
Insight’s support for Amaroo stretches from tax advice, to business strategies, and managing the company’s payroll.
Preventing a Tsunami of Insolvencies
The Government has stepped in to prevent a wave of insolvencies when the COVID-19 support measures run their course in December 2020.
Budget 2020-21: Road to Recovery?
The 2020-21 Federal Budget is a road to recovery paved with cash.
Key initiatives include:
• Personal income tax cuts from 1 July 2020
• A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on additional employees aged 16 to 35 years old
• $110 billion in infrastructure investment over 10 years
• Immediate deductions for business investment in capital assets
• Changes to how companies can manage losses
• Access to generous tax concessions for a wider range of businesses
3 Monkeys AV thrives with Insight
he Perth company with the quirky name; 3 Monkeys Audiovisual, has grown from a fledgling business run from the owner’s attic to a multi-million dollar enterprise about to move into its own uber-modern showroom in Bayswater.
Owner Francis Fragomeni says Insight Advisory Group has been right alongside it every step of the way, providing an impressive range of services from business advice to bookeeping and payroll.
He explains the relationship started in the year 2000 when Insight principal Domenic Manno introduced him to a business opportunity; the chance to become a partner in an audio hire company. That business grew, even developing a sales division before Francis sold his share and moved into wholesaling.
Your SMSF: when expenses and investments are not at arm’s-length
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the common questions and answers.
Tax exemption for ‘granny flat’ arrangements
To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement.
The New Lifetime Director IDs
Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.
National licence recognition for tradies
uilders, electricians, plumbers, architects, real estate agents, security guards and other workers who hold an occupational licence in their home state or territory and who want to do the same work in another state or territory will soon be automatically deemed to have the necessary licence.
Tax treatment of JobKeeper payments handed back to ATO
The ATO has clarified the tax treatment of JobKeeper payments handed back to the Government. The clarification comes after the Super Retail Group, Dominos Pizza and Toyota collectively returned more than $20 million in JobKeeper payments after reporting exceptional trading results.
JobMaker fails to boost employment
The Government’s JobMaker scheme has created 609 new jobs since registrations opened on 1 February 2021, despite around 15,000 businesses registering their interest in the scheme.
Professional services firm profits under fire
The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects, medical practices, engineers, architects etc., operating through trusts, companies and partnerships of discretionary trusts and how the profits from these practices are being taxed.
Fringe Benefits Tax year: 2020-2021
Is your business at risk of a nasty Fringe Benefits Tax surprise? We’ve outlined the ATO’s ‘red flags’ for employers and employees.
The 1 July 2021 superannuation changes
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.
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