MD Trimmer & Co Blog

Starting A New Business In The New Year? The coming new year of 2023 may bring you a fresh start regarding your business adventures. You may even be looking to start your next adventure on your terms. Why not make the coming year your year to start a business? Understandably, you may have concerns and […] Read More

Advantages & Disadvantages Of Property Downsizing For Retirees Downsizing during retirement can help you reduce costs and put some more money in your pocket so that you feel more secure about your finances during retirement. Downsizing by selling your property has advantages and disadvantages, which you should evaluate before making this decision. Advantages Increased cash […] Read More

    FBT, The Holiday Season & Your Employees At the end of the year, you may be looking for extrinsic ways to thank your hardworking employees or faithful customers/clients. A work Christmas/end-of-year party may be a method employed by many businesses to demonstrate their gratitude towards staff, but the expense can be a deciding […] Read More

FBT Liability During Natural Disasters & Emergencies 2022 Australians can experience a range of natural disasters, such as floods, bushfires, tropical cyclones, severe storms and even earthquakes. These events can cause devastation to communities and financial hardship for individuals and businesses. While FBT may not be at the forefront of your mind when helping your […] Read More

  Superannuation Guarantee Payments 2022 – What Your Employees Need To Know Superannuation payments need to be made to your employees, otherwise, stringent penalties can be implemented that could be financially more devastating to your business than simply paying their super.Eligible employees must be paid their minimum superannuation of 10.5% of their ordinary time earnings […] Read More

Superannuation Changes to Affect Pensioners (And What You May Still Need to Consider from Last Year’s Budget) The Federal Budget was released Tuesday 29th March 2022, announcing key changes to taxation and business. For superannuation, the minimum pension drawdown amount was in the spotlight. The reduction in the minimum pension drawdown amount for superannuation pension […] Read More

ATO Warns Against GST Fraud Attempts Registering for an ABN and applying for GST refunds when you don’t own a business or are not eligible is fraud. The Australian Taxation Office (ATO) has identified a significant number of GST refund fraud attempts, totalling an estimated $850 million to around 40,000 individuals. This fraud predominantly involves […] Read More

Your Work-Related Tax Deduction Checklist for This Year’s Tax Return Made Easy The end of the financial year is coming up (30 June), and you may be looking for ways in which you could make tax savings in this year’s tax return. This could be through tax deductions, expenses that you could make now for […] Read More