The best thing you can do for your family is protect them financially.
Most people are aware of insurance cover for unexpected death, but there are other life events that could have an equally damaging financial burden.
Major illness or traumatic accident can dramatically change your life and severely impact your ability to generate income.Read More
The Australian Tax Office (ATO) is utilising data provided by the Australian Investments and Security Commission (ASIC) to data match share trades.
The ATO is accessing more than 500 million records detailing price, quantity and time of individual trades dating back to 2014. The information complements information that the ATO already holds from brokers, share registries and exchanges.
Utilising this wealth of information, the ATO will explore what has been reported on tax returns, specifically, capital gains on the sale or transfer of shares and the losses claimed.Read More
The ATO does not allow you to ‘flip’ a property tax-free even if you are living in it.
Most people think that they can move in to a property, renovate it, and then sell it without paying tax.
The main residence exemption – the exemption that protects your family home from tax – does not apply if your primary purpose is to ‘flip’ the property for a profit.
The fact that you are living in the property does not mean it’s exempt from tax.
If you’re thinking of earning a little extra cash over the holidays by participating in a ride-sourcing arrangement (think Uber driver), there are a few things you need to take care of before you hit the road.
The team at Shakespeare will be taking a short break over the Christmas and New Year period.
We’d like to take this opportunity to thank all of our valued clients and wish you all the very best for the holiday season.
Our office will be closed from 1pm Friday December 21 and will re-open at 8.30am on Monday January 7.
Happy Holidays! From the team at Shakespeare.
ASIC has issued a warning about an email scam targeting ASIC customers.
The scam emails pose as ASIC correspondence, asking victims to pay to renew their business or company name.
The emails may contain links to malware or to invoices with fake payment details.
We simply love making our clients happy! And when we get a little shout-out it really warms our hearts.
Conor and Emily entrusted us to find the perfect home loan to enable them to purchase their dream home, and we couldn’t be happier with the result.
We think they might be pretty chuffed too!
Fringe Benefit Tax (FBT) is something the ATO has been cracking down on in recent years, so it’s important to know what transactions are affected by FBT.
If you offer employees benefits that involve cars, loans, travel or entertainment, it’s essential you know if FBT applies. Read More
Shakespeare Financial Group recently had the pleasure of sponsoring and exhibiting at the Australian Veterinary Association WA Division State Conference.
The conference ran from October 19 – 21 and was held at Perth’s Crown Complex, with delegates from all areas of the WA veterinary community attending.
The event included an industry exhibition, key note speakers and gala dinner over the three day period.
Our team were on hand to chat about all things financial, including our range of veterinary industry specific accounting solutions.
Free Financial Health Checks were on offer to help vets address common financial issues specific to the industry.
With an already existing veterinary client base, Shakespeare Financial Group is in the position to be able to provide industry relevant services and advice to the veterinary community.
Attending the event of behalf of Shakespeare included Directors Leigh-Anne Meyerowitz, Stuart MacKinnon, Josh Parsons, Matthew Robertson and Peter Elkerbout, along with General Manager Tony Da Silva.