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’s support for Amaroo
stretches from tax advice, to
business strategies, and managing
the company’s payroll.
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
Family companies are an Insight speciality and clients are often second and third generation family members who have taken over the reins of the family business.
Insight’s Expertise Ignites LITT Start-Up – Launched in April, has 4000 users and those numbers are growing. Social Media Reimagined.
Many grandparents want to give their grandchildren a head start in life, and a common way to do so is to help by paying some (or all) of their school fees. This can, of course, simply be done by making a contribution at the time the fees are payable. However, it’s not unusual for grandparents to plan ahead by setting funds aside in a specific account. That is one option, but there might be a better one.