Clear Vision News – September 2014

Clear Vision • September 5, 2014

Here at Clear Vision we love to help charities make a difference to people’s lives. Last month we participated in the World Vision 40 Hour Famine and raised over $600!

In November myself and others will be growing a moustache to support “Movember”. The Movember Foundation is a global men’s health charity committed to changing the face of men’s health. With an official presence in 21 countries, the Movember Foundation is committed to driving significant improvements for the prioritised men’s health issues – prostate cancer, testicular cancer and mental health.

We will be posting regular photos on our FaceBook page of our moustache progress….this should be entertaining!
Cheers
Justin

Mining Tax Changes
Tony Abbott has done a deal with the Palmer United Party to repeal the mining tax. The biggest impact from this will be the freezing of the compulsory superannuation, however there will be 3 major impacts on tax.
These are:
  • No claim for $6,500 asset purchases after 1st January 2014 for small business entities
  • No accelerated claim (first $5000.00 write off) on motor vehicle purchases
  • Company carry back (company loss) rules revoked

If you have any questions on how these changes may effect you or your business call Justin today.

 
Pension Changes Info Seminar
Clear Vision will be conducting another seminar in their series of Business Solutions Series.

Hosted by Bruce Shelton, Partner of Altitude Wealth Solutions Toowoomba, Bruce will explain how the changes recently announced by the government may impact on SMSF Pensions, Account Based Pensions & Allocated Pensions.

The FREE seminar will be on Thursday 18 September; 5.30pm at the Downs Club. Please RSVP to Nicole at Nicole@cvaccountancy.com.au or on 074688 2500.

 
Cloud Accounting – Why Your Business Needs It
Without a doubt, cloud computing and cloud accounting, are here to stay. And here at Clear Vision we’re all pretty excited about the opportunities that this new technology is bringing for our clients and how we work with them to better manage their finances and business. This is one technology you shouldn’t ignore for too long.

Here are the top 6 reasons why we think businesses should adopt a cloud accounting system:

  • Co-operative financial management & support
  • Easy & instant communication
  • Access anywhere at any time
  • Reduction & spread in costs
  • Increased security
  • Improved data accuracy

If you would like to talk about Cloud Accounting and finding the best solution for your business give Justin a call today.

 

How Much Do You Need to Make? Understanding Business Turnover

By Caroline Gillies • July 13, 2025
Running a business isn’t just about making sales — it’s about making enough sales to cover your costs and pay yourself what you deserve. But how do you figure out how much turnover (aka revenue) you actually need to make each month? Knowing this number helps you: Set realistic sales targets Price your products or services properly Know when to cut costs or increase margins Understand when your business is sustainable This isn’t just about numbers — it’s about clarity and control. Once you know your required turnover, you can stop guessing and start planning. Whether you’re a solopreneur, a growing startup, or a small business owner, this is the foundation of making your business work for you — not the other way around. We love numbers — seriously. And we get that not everyone does. If you need help breaking things down in a way that’s simple, practical, and actually makes sense (even if numbers aren’t your thing), call Clear Vision Accountancy Group today on 4688 2500.

12% Superannuation Guarantee - 1 July 2025

By Caroline Gillies • June 22, 2025
From 1 July 2025, the Superannuation Guarantee (SG) rate in Australia will increase to 12%. This means employers will be legally required to contribute at least 12% of an eligible employee's ordinary time earnings to their superannuation fund. This increase is the final step in a legislated rise from 9.5% in 2021 to 12% by 2025, aimed at boosting retirement savings for Australian workers. If you use Xero for payroll, the SG rate should automatically update in the system. However, we recommend you double-check your payroll settings to ensure everything is correct. If you’re unsure or need assistance, please contact your bookkeeper or get in touch with us at: Clear Vision Accountancy Group (07) 4688 2500 We’re here to help you stay compliant and avoid any costly errors.

Capital Gains Tax Implications of Subdividing Land in Australia

By Caroline Gillies • June 1, 2025
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