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

Clear Vision • Apr 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.

Embracing the Bright Side: Finding Joy in Everyday Moments

By Caroline Gillies • 07 Mar, 2024
In a world that often feels chaotic and uncertain, it's easy to get caught up in the hustle and bustle of life, forgetting to pause and appreciate the simple joys that surround us. But amidst the challenges and hardships, there is always a glimmer of light waiting to shine through the darkness. Today, let's embark on a journey to explore the uplifting and positive aspects of life, reminding ourselves of the beauty that exists in every moment. Gratitude: A Key to Happiness Gratitude is a powerful tool that can transform even the most mundane of days into something extraordinary. Take a moment each day to reflect on the things you're grateful for, whether it's the warmth of the sun on your face, the laughter of loved ones, or the beauty of nature. By shifting your focus to the blessings in your life, you'll find that joy naturally follows. Embracing Imperfection Life is messy, unpredictable, and imperfect – and that's what makes it beautiful. Instead of striving for perfection, embrace the flaws and quirks that make you unique. Celebrate your successes, no matter how small, and learn from your mistakes with grace and humility. Remember, it's okay to stumble along the way – it's all part of the journey. Finding Joy in the Little Things Happiness doesn't always come from grand gestures or monumental achievements. Often, it's the little things that bring the most joy – a kind word from a stranger, a hug from a friend, or a quiet moment spent watching the sunset. Pay attention to the small moments of beauty and wonder that pepper your day, and you'll find that happiness is never far away. Spreading Kindness and Love In a world that can sometimes feel cold and indifferent, kindness is like a ray of sunshine breaking through the clouds. Make it a priority to spread love and positivity wherever you go, whether it's through a simple act of kindness or a heartfelt compliment. By lifting others up, you'll find that you lift yourself up in the process. Cultivating Inner Peace True happiness comes from within, rooted in a sense of peace and contentment that transcends external circumstances. Take time each day to nourish your mind, body, and spirit – whether through meditation, mindfulness, or simply taking a walk in nature. Cultivate a sense of inner peace that will sustain you through life's ups and downs, allowing you to navigate challenges with grace and resilience. Embrace the Journey Life is a journey filled with twists and turns, highs and lows, but it's also a journey filled with beauty, wonder, and endless possibilities. By embracing the bright side of life, finding joy in everyday moments, and spreading love and kindness wherever we go, we can create a world that is a little brighter, a little kinder, and a little more beautiful for us all. So let's embark on this journey together, with open hearts and open minds, ready to embrace all that life has to offer.

Boosting Your Superannuation: Seven Powerful Strategies

By Caroline Gillies • 22 Feb, 2024
Boosting Your Superannuation: Seven Powerful Strategies

Changes to Company details and ASIC – How to avoid a fee

By Caroline Gillies • 19 Oct, 2023
When it comes to being a Director of a company, there are administrative requirements that must be complied with, including keeping ASIC in the loop. We all hate paying unnecessary fees, and ASIC loves to charge fees. To avoid late fees, ASIC must be told about any changes to company details, including your business or residential address, within 28 days. If your company's information changes, please let us know so we can notify ASIC on your behalf. Example: Jarryd gets a late fee Jarryd recently moved his company to a new storefront. In the rush of changing to his new principal place of business, he forgot to update his address details with ASIC. A month later, Jarryd logged into his online account to change his address to reflect the address of his new principal place of business. Because it was outside the 28 day timeframe, the company was charged a $93 late fee. If he had waited longer and lodged the change of address more than a month late, the company would have been charged a $387 late fee. To avoid fees in the future, Jarryd realises it's important to update his details as soon as they change. In summary, be like Jarryd and realise the importance of advising Clear Vision Accountancy Group of any changes. Example supplied by ASIC
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