Poole Group » Investment

Buying or Gifting shares to a minor

Kerri Welsh — Fri, 13 Dec 2019 00:04:54 +0000

We are seeing an increase in parents and grandparents wanting to buy/gift shares for their minor grandchildren. From this we are commonly asked about the process and ramifications of buying shares for, or gifting shares to, a minor. Below are some scenarios and commonly asked questions to help with your decision. (G. = the person

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OUR OFFICE IS CLOSED – 6th December 2019

Shannon Cook — Wed, 04 Dec 2019 22:56:55 +0000

Our Poole Group office will be closed the 6th December 2019, to allow all our staff to participate in our Christmas Activities. We will have an answering service which will be able to take messages which we will respond to when we return to our usual working hours on the 9th December 2019. We thank

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What’s your Emergency Action Plan?

Kerri Welsh — Thu, 19 Sep 2019 05:17:35 +0000

Scenario 1. Its 7 am on a Monday morning, you get to work and there is fire & smoke billowing from your windows. The fire brigade is on site, what do you do next? What is your emergency plan? An emergency plan is essential to all business to help implement a swift action plan &

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SMSF Post-Election Update

Christine Benson — Tue, 11 Jun 2019 03:52:33 +0000

SMSF Post-Election Update With the Federal Election called in favour of the Liberal Party, SMSF Trustees are likely to be spared from some of the more significant changes that were proposed by the Opposition Leader in the May Budget. The proposed change that perhaps gained the most media attention, and the one that we received

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Tax Planning Tips & End of Year Review

Kerri Welsh — Wed, 22 May 2019 05:11:14 +0000

Can you believe 30th June 2019 is almost here? We suggest for businesses to be ready for the end of financial year, below are a few standard business items for you to look at -: For businesses for eligible plant purchased during 2018/19 you will be eligible to claim a 100% immediate write-off for businesses

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Franking Credits Proposal

Kirk Jarrott — Mon, 11 Feb 2019 23:45:04 +0000

Hot Election Topic explained – Franking Credits Proposal What is the proposal? The House of Representatives Standing Committee on economics has announced an inquiry in the implications of removing refundable franking credits. The inquiry is going to report on the use of franking credits and who franking credits support and who would be impacted if

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ATO Text Messages

Shannon Cook — Wed, 14 Nov 2018 02:19:13 +0000

Australian Taxation Office Text Messages Over the last week we have been contacted by some concerned clients who have received ATO text messages. The ATO recently advised they will contact taxpayers via text message for overdue form lodgements or overdue payments of GST or Income Tax. However, the ATO will never ask you to respond via

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Needing Finance? Plan Ahead

Kerri Welsh — Tue, 13 Nov 2018 00:06:54 +0000

With the banking review performed in March 2018 Lending rules have tightened. As part of this if any of you are considering applying for finance keep the below in mind: Finance applications are not being approved as quickly as they have been historically; Current financial information is required, this means current year tax returns and

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Aussie Bank Credit Crunch just like Aussie Cricket

Kirk Jarrott — Tue, 01 May 2018 02:04:06 +0000

Where do I start, trade wars, Trump, North Korean talks, bank royal commission, Bill Shorten and his tax reform, Facebook and Australian cricket. Despite these headlines many Australian companies had solid earnings over the March 2018 quarter. OK, I’ll start with Bill Shorten and his $59bn proposal to scrap the cash rebate when franking credits

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Federal Budget 2017: What it means for you?

Kirk Jarrott — Wed, 10 May 2017 00:21:04 +0000

On Tuesday 9 May, the Federal Government handed down its Budget for the 2017–18 financial year. According to Federal Treasurer Scott Morrison, this year’s Budget is founded on the principles of fairness, security and opportunity. Mr Morrison claims that the government’s proposed measures will raise almost $21 billion in revenue over the next four years,

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