Business Alert at 9:00am With CVA – Budget Basics

Clear Vision • April 3, 2019

The Federal Budget was developed with the May election in mind and if reelected, tax cuts, incentives for business & $$$ for health & welfare is one on table. See below for a brief breakdown of the Budget for 2019-20. 

Wage & salary earners $158 billion in personal income tax cuts. Low to Middle Income Earners ($37K – $127K) Singles – Up to $1,080 back. Couples – Up to $2,160 back

Business Instant asset write-off increased from $25,000 to $30,000. Instant asset write-off extends to businesses with a turnover of up to $50 million – currently $10 million.

Building & transport industries Infrastructure to receive $100 billion over 10 years for Road & Rail. Urban Congestion Fund to increase from $1 billion to $4 billion and $2.2 billion for roads & $1 billion to improve freight routes and access to ports and $100 million for regional airports.

Education $525 million on skills package which will create $80,000 new apprenticeships in industries with skill shortages and double the payout to $8,000 to employers per apprenticeship placement.

Rural Areas Commitment to major spending in regional & rural areas to expand water infrastructure, provide drought relief & upgrade regional airports.

Natural Disasters $3.9 billion set aside for Emergency & Response Fund

Older Australians $725 million for aged care, with 10,000 new home care packages & capital works focused on regional Australia. Single pensioners will get a $75 one off cash payment for their energy bills, while couple pensioners will get $125.

Health Sector Australians suffering from cancer, heart disease, epilepsy and who live in rural areas are likely to benefit from several major investments in assistance programs & medication. The budget also contains $461 million for youth mental health & suicide prevention.

Superannuation industry & older Australians Currently, people aged 65 & older must work a minimum 40 hours over a 30-day period. As of 1 July 2020, the budget is allowing people approaching retirement to boost their superannuation balances, with those aged 65 – 66 years able to make voluntary contributions without satisfying the work test.

 

Capital Gains Tax Implications of Subdividing Land in Australia

By Caroline Gillies • June 1, 2025
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Autumn Tax Tips: Make the Most of the Final Weeks Before Year-End

By Caroline Gillies • May 25, 2025
As we step into the final week of autumn and feel winter’s chill approaching, it’s a natural time for reflection—and that includes taking stock of your financial and tax situation. The end of the year is closer than it seems, and a bit of preparation now can make a significant difference come tax season. Here are a few things to consider as the leaves fall: 1. Review Your Income and Deductions This is a good moment to check your income year-to-date and consider whether there are any deductions you can still take advantage of. Charitable donations or investment losses might help reduce your taxable income before year-end. 2. Maximise Super Concessional Contributions If you haven’t yet maxed out your superannuation concessional contributions, there’s still time. Remember unused cap amounts carry forward for 5 years and the 2019-20 unused cap amount will expire 30 June 2025. These contributions not only help secure your future but can also offer tax benefits now. 3. Organise Your Records Autumn’s slower pace is perfect for pulling together receipts, invoices, and financial documents. Getting organised now means less stress later when tax season begins in earnest. 4. Consider Tax-Loss Harvesting If you’ve had investments that underperformed, selling them before the end of the year to offset gains can be a strategic move. Consult with us today to see if this makes sense for you. 5. Plan Ahead Winter may bring holidays and downtime, but it's also a good window to consult with a tax professional. A quick meeting before year-end can reveal savings opportunities or help avoid surprises when you file. So, as the days grow shorter and frost begins to settle in, use this time to bring clarity and warmth to your finances.

Have you Thought About Where Your Business Will Be in 5 Years?

By Caroline Gillies • May 11, 2025
At Clear Vision Accountancy Group, we offer tailored services to support your long-term success—from strategic business planning to high-end tax administration. Whether you're aiming for growth, improved profitability, or a clearer direction, we're here to help you build a plan that gets results. If you're ready to map out the next five years with clarity and confidence, contact us today on (07) 4688 2500. Our 1-Page Business Plan will help you with: 1. Vision & Purpose Where are you headed, and why does it matter? What is the core purpose of your business? In five years, what positive impact will you have made on your customers, team, or community? What do you want your business to be recognised for within your industry? 2. Growth & Scale What does success look like, and how will you achieve it? What revenue, profit, or market position are you targeting? How many clients or customers do you want to serve—and in which markets? Are you planning to expand your offerings or enter new territories? 3. Team & Culture Who is helping you build it—and how? What does your ideal team look like in terms of structure, culture, and capabilities? How will you attract, retain, and develop top talent? What kind of leadership values and workplace environment will you foster? 4. Operations & Systems How will you deliver at scale—efficiently and reliably? What systems and workflows need to be in place to support sustainable growth? Which technologies or platforms will you implement to improve efficiency? How automated or streamlined do you want your business operations to become? 5. Brand & Customer Experience What do customers say about you—and why do they keep coming back? How will clients describe their experience with your business? What kind of reputation or brand presence will you be known for? What sets your business apart from the competition ?  Our Dream it. Plan it. Get it! will help you with: 1. Lifestyle & Personal Goals How does your business support the life you want to live? What level of involvement do you want in the day-to-day operations? What does ideal work-life balance look like for you? What personal or financial goals will your business help you achieve?