Those scammers just never give up – a reminder to check, double check and triple check before making any payments!

Fraudsters will send emails pretending to be from a creditor advising a change of bank account details, or even hack into internal company email addresses and request dodgy payments or ask to change salary bank account details.

If you receive any change of payment requests, please make a phone call to a known contact to confirm that it is authentic. Likewise if you send us any change requests, please understand that if we call you as well as responding to your email, we want to be sure that you are you.

A reminder for small businesses with a turnover of less than $50m – don’t forget the higher instant asset write-off threshold of $30K (that’s per item!) now applies to business assets purchased and first used between 2 April 2019 and 30 June 2020. To get a deduction this tax year, the item(s) must be installed ready for use before 30/6/19 – if you’re not sure or need help with your tax planning BEFORE the end of the financial year, please ask your friendly Halletts team member!

From 1 July, businesses seeking to tender for government contracts of $4m+ will have to prove a ‘satisfactory tax record’ each 12 months.

Yet another reason to stay on top of your game, and now is the perfect time to start analysing and planning for your 2019 tax year!

We love helping our clients plan on both a business and personal level no matter how simple or complex your situation, so let us know if we can be of assistance.