FY2023 Budget Summary

Included below is a snapshot of the major changes announced in the 2022-23 Federal Budget. For the 6 key features that are likely to impact you and your business, please read on. If you require any further clarification or advice on how these changes apply...

Covid-19 Hardship Grant for SA Businesses December 2021 

Covid-19 Hardship Grant for SA Businesses December 2021  The state government recently announced income support in the form of 2 types of cash grants for eligible South Australian businesses who have been significantly impacted by the trading restrictions in place from 27 December 2021 to 9...

Crypto and Super Funds

  Can I invest in cryptocurrency within my SMSF?   Cryptocurrency has been a hot topic in the news lately raising many questions for investors. We have fielded many queries ranging from: what is cryptocurrency? to how or where can I invest should I want to? We have received...

SMSFs Increase Maximum Number of Allowable Members from 4 to 6

Following the safe passage of the Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020, SMSFs and small APRA funds can have up to six members from 1 July 2021.   Increased member capacity provides greater flexibility for families with more than four members to benefit from the change....

South Australian Financial Support during Lockdown

State Government Cash Grants for July 2021 South Australia Lockdown Earlier today, the state government announced income support in the form of 2 cash grants for eligible South Australian businesses as well as income support for regional workers. One cash grant is a payment of $3,000 available...

Xero subscription cost increase for Hubdoc integration

From Wednesday 18th March 2020, Xero subscriptions will increase by $2 per month and will include access to Hubdoc.   Hubdoc is an OCR software (Optical Character Recognition).  However, Thnk Advisory still recommends using Receipt Bank as best practice. OCR's are becoming as common place as the internet...