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  Recently announced by the Australian Taxation Office is a remodel to a concept many taxpayers will already be familiar with; Home office running costs. Its purpose is to simplify and increase a taxpayers right to a deduction for working from home as result of the COVID-19 virus while performing genuine work duties. The changesRead more

07 April 2020 – A summary of the Prime Ministers announcement for Commercial Landlords and Tenants. How does the code work? The code will be mandatory, and includes the following set of principles: Landlords must not terminate the lease or draw on tenant security;  Tenants must honour the lease;  Landlords will be required to reduce rentRead more

SEE THE LATEST UPDATES HERE ARE YOU PREPARED? As we all face the future uncertainty of the health and financial impact of COVID-19 we have taken the opportunity to provide some guidance on how you can best prepare financially. Review your cash flow forecast and budgets and prepare a worst case scenario out until 31 December.Read more

UPDATES:  The Government Economic Stimulus Package  Monday 30th March 2020: Scott Morrison today (30/03/2020) announced and pledged a A$130 billion to further save up to six million jobs.   What’s New?: The incentive is known as “Job Keeper” incentive, which eligible employers will have access to $1,500 per fortnight for each full-time or part-time staffRead more

FEBRUARY 2020 Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. Global growth forecasts were downgraded to 3.3% this year and 3.4% in 2021 on the basis of geopolitical and trade tensions.Read more

With a property market recovery underway, most notably in Sydney and Melbourne, Australian investors are once again pursuing their love affair with property investing. For many investors, a popular way to invest directly in residential or commercial property is through their self-managed super fund (SMSF). In fact, ATO statistics show property is the third most popular assetRead more

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. September was a month of continuing uncertainty for global markets. The ongoing US-China trade dispute, the looming Brexit deadline and a drone strikeRead more

Every small business owner wants their business to thrive, but it can be tough to keep the money coming in the door while staying on top of all the necessary paperwork. One way to ensure success is to understand the behaviours that separate a well-managed business from one that’s just muddling through. Surprising as itRead more

WHATS NEW?!!! Optima Partners and Lombardo & Co are pleased to announce that, as of 22nd July 2019 we have merged our businesses. This is a very exciting time for both companies, our employees and our clients. We hold similar values and philosophies, and this has led to a seamless transition that has resulted inRead more

With the rise of the gig economy, correctly working out whether you are hiring an employee or simply engaging an independent contractor has never been more important. Getting it wrong can be costly, as a recent court ruling shows. A Perth accommodation business was recently fined $60,000 after the High Court upheld an appeal byRead more