Practice News

/Practice News/

Temporary Office Closure @ Charman Partners

By |2020-03-23T15:11:20+11:00March 23rd, 2020|Accounting|

As of Tuesday 24th March 2020, we have decided to take a short break from our Blackburn offices so our staff can be safely out of harm's way with their families.  It has been a difficult decision but one that the directors feel is the best for our wonderful staff and the general population.  We [...]

Victorian State Government Stimulus Package

By |2020-03-23T15:57:12+11:00March 23rd, 2020|Accounting, Hospitality, Small Business, Tax|

On Saturday the 21st March, the Victorian State Government announced a range of measures to assist businesses affected by the covid-19 crisis.  The measures include: Refund of all payroll tax paid by employers from July 2019 to date.  This affects employers who have annual payroll (wages, super, eligible contractors etc) of more than $650,000 to [...]

The Federal Stimulus Package: What You Need to Know

By |2020-03-23T13:49:26+11:00March 13th, 2020|Accounting, Hospitality, Small Business, Tax|

The Government has announced a $17.6 billion stimulus package (and an additional $31.9m billion announced 22nd  to support the economy through the impact of the coronavirus.  But how does it affect you, if at all?  Here's the short of it: Cashflow boost Available for employers with aggregated turnover of $50m (note: we aren't sure how [...]

Why your Self Managed Super Fund needs to comply

By |2020-03-12T14:45:45+11:00February 27th, 2020|Accounting, Small Business, SMSF, Superannuation, Tax|

To maintain the benefit of concessional tax treatment, it is important for a self managed superannuation fund to be a complying fund ie it complies with all the necessary superannuation and tax laws.  If the fund loses its status as a complying fund it can result in both financial and administrative penalties being imposed by [...]

The Age Old Question – Employee or Contractor?

By |2020-02-27T12:16:19+11:00February 27th, 2020|Accounting, Hospitality, Small Business, Tax|

It’s an area that can be easy pickings for the regulatory bodies sometimes, so making sure you understand the difference in your business is crucial. The penalties for getting it wrong are plentiful, including: Penalties for failure to withhold PAYG Witholding Superannuation guarantee charge and penalties Fair Work infringement notices Payroll tax and WorkCover So, [...]

Associate Position Promotions – Jarrad Andrews & Adam Burgess

By |2020-02-12T11:23:51+11:00February 12th, 2020|Accounting|

We are very please to announce that two of our senior accountants, Jarrad and Adam, have been offered and accepted positions as Associates here at Charman Partners.  It is always great to bring 'new blood' into the management ranks and we are looking forward to their continued success and contributions. Jarrad Andrews joined Charman Partners [...]