20 July 2017
The 2017-18 NSW state budget was released on 20 June 2017 and has passed through both houses of the NSW parliament and received royal ascent on 27 June 2017 making it law. The NSW Treasurer announced it as a ‘budget for the people of our great state’ with a focus on health, education, roads and transport, support for families and generating the right conditions for businesses to grow. The budget announcement stated that the state’s economy is the strongest in the nation and the outlook is positive.
30 June 2017
Recent ransomware attacks have caused disruption to businesses around the world. The potential for compromise of operations, business and client information have seen a significant rise in the use of cyber insurance policies.
Think of what such an event might mean to your business or even the loss of all of your personal information at home. Do you have clients to inform, if their personal or financial information has been compromised? The cost of reputational damage can be even larger than the cost of getting everything back online and is often difficult to quantify.
16 June 2017
The Boyce team would like to invite you to be a part of our City2Surf team, which you can read more about here.
We would love you to help us with the fundraising for the Amie St Clair Melanoma Trust and/or join us for fun on the day!
How to join
If you wish to join up with the Boyce team below are the instructions on how to sign up.
2 June 2017
The 2016 Australian Cotton Comparative Analysis report has been recently published and is available to download here.
The analysis is conducted annually by Boyce Chartered Accountants, the largest regionally based accounting firm in Australia, in conjunction with the Cotton Research and Development Corporation (CRDC).
The 2016 analysis is the twelfth report to be produced by Boyce and CRDC. From 1986 to 2004 the report was published independently by Boyce.
The aim of the study is to collect and critically analyse data that will assist the industry to grow and develop sustainably through a focus on best practice techniques. The study is regarded by the cotton industry as the benchmark for the economics of cotton growing in Australia.
12 May 2017
On Tuesday the 9th of May the Federal Treasurer, the Hon. Scott Morrison MP, delivered the Coaliation Government's national budget for the 2017-18 Financial year. Overall the stated focus of this budget is on "boosting the economy and helping households, to ensure all Australians can benefit from the nation's growth story". It is a fairly uneventful budget overall in terms of significant taxation reform, but some of the legislation changes outlined below may affect you and it is important to seek advice from your accountant regarding the potential impact.
There is a forecast deficit for the 2017-18 year of $29.4 billion. The overal impact of policy decisions in this Budget has improved the bottom line by $11.4 billion over the 4 year estimates and the budget remains projected to return to balance by 2020-21. Following is a summary of the main features of the budget, some of the wording in the budget announcement papers was quite vague in some areas, and expect more detailed information to come to light once they become closer to being legislated.