Financial

NEW SUPERANNUATION TAX ON MEMBER SUPER BALANCES OVER $3M – PART 2

In our last article we discussed those who may be affected by the draft legislation for the new Division 296 tax on individual super fund balances over $3m in size. Previously (14/9/2023) we discussed how the tax was calculated and that it also potentially taxed unrealised capital gains at 15%. Today we discuss some strategies [...]

By |2024-02-21T14:26:58+10:00December 15th, 2023|Financial|0 Comments

INTRODUCING HANDS AND FEET – A PASSION FOR HELPING TO INSPIRE YOU

As we head toward the Christmas and New Year break, we reflect on 2023 with a celebration of our rebrand to BYRONS and a strong connection with our local community. Our rebrand was the opportunity to build on the reason for our success which is our commitment to local businesses and strong personal relationships. The [...]

By |2024-02-08T10:58:16+10:00December 13th, 2023|Financial|0 Comments

BYRONS WELCOMES JOHN KIM AS A NEW PARTNER AND EXPANDS LENDING SERVICE

BYRONS are proud to welcome John Kim as a new partner and further expand our lending service capability. BYRONS are one of the largest independent advisory firms in Sydney and continues to expand and build on a complete range of advisory services to support clients as their trusted advisors at all stages of their business [...]

By |2024-01-10T10:20:52+10:00December 8th, 2023|Financial|0 Comments

YOUR PATH TO PROSPERITY AND SUCCESS

The Essence of Corporate Advisory: Trusted Advice, Strategic Guidance, Seamless Transactions Welcome back to our Corporate Finance news article. In this edition, we provide a summary of the critical player in financial strategy and transactions: Corporate and Strategic Advisory. As a Director of Corporate Finance at BYRONS, I am thrilled to guide you through the [...]

By |2023-12-13T15:26:02+10:00December 7th, 2023|Financial|0 Comments

CYBERSECURITY CHECKUP: IS YOUR BUSINESS NAUGHTY OR NICE?

'Tis the season to be vigilant! As the holiday season approaches, cyber threats are on the rise. Is your business prepared for the digital challenges that come with the festivities? Take this quiz to find out if your cybersecurity practices are on the "Nice" list or if there's room for improvement on the "Naughty" list. [...]

By |2023-12-15T08:52:17+10:00December 6th, 2023|Financial|0 Comments

FRINGE BENEFITS TAX (FBT) FOR YOUR BUSINESS THIS FESTIVE SEASON

Christmas planning and festivities are well and truly upon us. In this article, we explore how to reward your staff and show some festive cheer, and hopefully not be the Christmas Grinch whilst managing your FBT liability. What is FBT? Fringe Benefits Tax (FBT) is a tax levied on businesses for certain non-salary benefits provided [...]

By |2023-12-13T15:10:55+10:00November 23rd, 2023|Financial|0 Comments

SEND US YOUR TAX RECORDS FOR YOUR TAX RETURN

Everyone is busy. While we appreciate gathering and organising financial records can be a daunting task, we will share with you in this article the benefits and advantages of sending us your information as soon as possible.   The date you provide your accountant with your tax records and information does not have to align [...]

By |2023-12-13T15:11:19+10:00November 22nd, 2023|Financial|0 Comments

MASTERING DUE DILIGENCE: THE KEY TO INFORMED CORPORATE FINANCE DECISIONS

Welcome back to our Corporate Finance article! In this edition, we delve into one of the pillars of sound financial decision-making. As a Director of Corporate Finance at BYRONS, I'm excited to guide you through the intricate landscape of due diligence and its pivotal role in corporate finance. The Essence of Due Diligence Due diligence [...]

By |2023-12-13T15:09:45+10:00November 16th, 2023|Financial|0 Comments

NEW SUPERANNUATION TAX ON MEMBER SUPER BALANCES OVER $3M – PART 1

Following on from our September article, the government has now issued its draft legislation for the new Division 296 tax on individual member super balances over $3m. The calculation methodology is broadly as per our last article and is a 15% tax on the amount over $3m in superannuation. This is a complex tax and [...]

By |2023-11-23T09:52:17+10:00November 9th, 2023|Financial|0 Comments

$20,000 INSTANT ASSET WRITE-OFF FOR SMALL BUSINESS FROM 1 JULY 2023

On 13 September 2023, Treasury Laws Amendment (Support for Small Business and Charities and other Measures) Bill 2023 (Cth) was introduced into the Commonwealth Parliament to allow a deduction of $20,000 for the instant asset write-off of depreciating assets acquired by small business entities from 1 July 2023. These rules were previously announced by the [...]

By |2023-11-23T09:52:37+10:00November 8th, 2023|Financial|0 Comments
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