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Boyce congratulates Dan Medway on his appointment as Director

30 October 2020

The Directors of Boyce Chartered Accountants are delighted to announce the appointment of Dan Medway as a Director of the firm effective 1 November 2020.

Dan will also be relocating from Dubbo to the Cooma office to join the leadership team in the Snowy Monaro and South Coast regions with Jono Forrest and Julie Schofield.

Dan, along with wife Megan, will be making the move from Dubbo to Cooma in early January and are both excited for the new opportunity.

Dan grew up in Dubbo and joined Boyce as a cadet in 2006, going on to complete a Bachelor of Business (Accounting) via distance education through Charles Sturt University in 2009. Dan completed post graduate studies to become a Chartered Accountant in 2013. With hard work and determination Dan was promoted to Senior Manager in 2019.

Managing Director Carmen Caldwell congratulated Dan on his appointment as Director noting “Dan has been an integral part of the Senior team in Dubbo, managing some of the larger clients of the firm, demonstrating his technical skills in Accounting and Management Accounting.”

“The progression to directorship is a just reward for Dan's efforts and the Cooma office will be greatly strengthened by Dan joining the front line.” said Carmen.

Dan is excited about his move to the Cooma team and the challenges and opportunities ahead.

“I love the work that we do for clients and I’m looking forward to moving to Cooma, developing great relationships and helping our clients maximise their wealth.” said Dan.

Please join us in congratulating Dan on his appointment.

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2020 Tony Quirk Employee of the Year Award

28 October 2020

The Tony Quirk Employee of the Year Award provides an opportunity for us to acknowledge and celebrate the achievements of our people.

The TQ Award was initiated by the Boyce Directors in 2008 to reward and recognise our team members and to honour fellow director and friend, the late Tony Quirk. Tony became the youngest-ever director appointed in the firm before he tragically passed away at the age of just 34. Tony’s memory lives on at Boyce through the annual TQ Award.

2020 TQ Finalists

Finalists from each of the Boyce offices are selected by their peers to be judged against criteria that encapsulate Tony’s contribution to the firm, including:

  • Demonstrating genuine care for clients
  • Contributing to the social fabric of Boyce
  • Acting in a professional manner
  • Living the firm’s values on a daily basis
  • Meeting the high-performance expectations of their role within Boyce.

The finalists have been announced and we are excited to shine a spotlight on the Boyce team members from our five regional offices who are in the running to win the highly coveted, annual TQ Award.

The Tony Quirk Award winner will be announced on 18 November 2020.

Please join us in congratulating our 2020 finalists.

Boyce's City2Surf Fundraising for Royal Far West

15 October 2020

We are once again fielding a team for the Sun-Herald City2Surf challenge which begins this Friday and finishes on Sunday 18 October.

This year, due to COVID-19, things are a little different and the challenge is being run virtually. So instead of trekking to Sydney to compete, our staff will be able to run the City2Surf wherever they choose. This has enabled City2Surf to go international, with runners from all over the world signing up to complete the challenge on their own turf.

2020 marks the 50th anniversary of City2Surf which has raised over $45 million since 2008. Boyce has proudly raised over $285,000 for various charities during our 11 years of participating in the event.

City2Surf Fundraising

The team have again elected to support Royal Far West -  a fantastic charity that is dedicated to helping country kids and communities in their time of need. Funds we raise will be used to support developmentally vulnerable children by providing access to specialist health and education programs, services and support.

If you would like to see how we are progressing with our fundraising please visit our Everyday Hero page.

If you would like to support the team, please share our fundraising page with family and friends. We welcome any donations, big or small - every dollar goes towards helping country kids in our communities.

We thank you for your generosity and support!

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Stay Cyber Safe - MyGovID Potential Phishing Scam Alert

8 October 2020

Phishing is a method of stealing confidential information by sending fraudulent messages to a victim. It is one of the most prevalent scams reported in Australia.

We’ve become aware that there may be a way for criminals to phish your MyGovID credentials by sending you to a fake website.

Please make sure that whenever you log into MyGovID, the URL starts with https://mygovid.gov.au/ as per the below image. Please note the trailing slash as it is very important.

These are sophisticated scams. We urge our customers to be cautious at all times.

If you have clicked on a link or provided your personal information, contact Services Australia on 1800 941 126.

To stay up to date on the latest online threats and how to respond, visit cyber.gov.au.

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2020/21 Federal Budget Released

7 October 2020

Last night the Federal Government released the 2020-21 Budget “The Economic Recovery Plan for Australia”.  The Budget was focused on providing a response to the economic impact of the COVID-19 pandemic. Today we look into the Budget to decipher what it means for our clients.

Individuals

Bringing forward the Personal Income Tax Plan and retaining the middle-income tax offset

  • The Government intends to bring forward the second stage of  their Personal Income Tax Plan by two years to 1 July 2020. This second stage involves three tax changes:
    • The top threshold of the 19 per cent personal income tax bracket will increase from $37,000 to $45,000.
    • The low-income tax offset (LITO) will increase from $445 to $700.
    • The top threshold of the 32.5 per cent personal income tax bracket will increase from $90,000 to $120,000.
    • The Government also intends to retain the low and middle income tax offset (LMITO) for the 2020-21 income year, this was due to be removed at the commencement of the second stage of the Personal Income Tax Plan. The LMITO provides low and middle income taxpayers with a tax benefit of up to $1080. 

Business

Increasing and expanding access to the instant asset write off

The Government has proposed support for businesses with aggregated annual turnover of less than $5 billion by enabling them to deduct the full cost of eligible depreciating assets acquired from 7:30pm AEDT on 6 October 2020 (Budget night) and first used or installed by 30 June 2022. (Please note that we have not received confirmation of what will be eligible an asset).

Small business entities (aggregated turnover of less than $10 million) will also be able to deduct the full balance of their small business depreciation general pool.

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