Business Alert at 9:00am With CVA – Budget Points You May Not Know

Clear Vision • April 16, 2019

Budget Points You May Not Know

Not everything is televised on mainstream television. Here are some budget points we found interesting.

Fire ants under attack…. The government has allocated $18.3 million over three years to assist an immediate program to support the eradication of fire ants.

Tax breaks for Men’s and Women’s Sheds Have you spotted the Men’s Sheds and Women’s Sheds around town? Well the budget is allowing gifts of $2 or more to be tax deductible from 1 July 2020. The deduction applies to both gifts of money & property, and the measure is designed to encourage philanthropy and support for the not-for-profit sector.

Museum & memorial for sex abuse victims The budget has allocated $2.5 million in 2019/2020 for consultation on options for a national museum or memorial for victims & survivors of institutional child sexual abuse. The funds will also be used in preparatory work for a national orphanage museum.

Adelaide Space Centre Adelaide’s status as the centre of Australia’s newly formed space industry will be secured with $6 million funding for a Mission Control centre to support the emerging space startup industry.

Dark Mofo light show Hobart’s Dark Mofo festival will receive $1.5 million for a major light show to encourage tourism to Tasmania during the closure of the Tahune Airwalk as a result of recent bushfires.

Facilities for para athletes Essendon Football Club’s “The Hangar” facility, which is also Paralympic Australia’s Victorian base, will receive $4 million over two years to construct new facilities.

Sports integrity A new body called Sport Integrity Australia will be established as part of $33 million in funding to safeguard the integrity of Australian Sport. The new body will carry out anti-doping and a National Sports Tribunal will be created to hear and resolve rule violations.

The Federal Budget was developed with the May election in mind and therefore these budget items will only be in play if they are reelected.

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?