1 November 2018
From 5 to 23 November 2018, the ATO will be sending SMS text messages to individuals and businesses entitled to a refund who have provided incorrect bank account details in their tax return. You will receive a text directly from the ATO if a refund bounce occurs.
Many people are understandably wary about text messages and emails requesting bank details, considering the number of hoaxes and scams that abound these days.
It is important to be aware that ATO texts during this period are not a hoax and updating your bank details will ensure you receive your refund. BUT be warned, scammers are likely to impersonate the same SMS so you will need to carefully check the text for legitimacy.
13 December 2016
Beginning 1 January 2017, changes announced in the Federal Budget regarding the Assets Test for the Age Pension will come into effect.
Who do these measures apply to?
If you are over 65 and in receipt of a full or part Age Pension, then you need to be aware that for every $1,000 owned above the assets test free amount your pension will be reduced by $3 (this was previously reduced by $1.50 for every $1,000).
15 October 2015
Boyce Financial Services recently contracted Business Health Pty Ltd to assist us with our client satisfaction survey.
We have now received the results from the questionnaire, and while the confidential and anonymous nature of the survey means we do not know who responded, we would like to send our sincere thanks to those who did invest their time and effort. Your input was of great value and is extremely appreciated.
The aim of this exercise was to identify how we are performing in the eyes of our clients across the key areas of our business, and pinpoint where our clients feel we could deliver further or better value and in which areas.
12 October 2015
Farm succession is a topic of conversation that can be overwhelming and is often put in the ‘too hard basket’. However, ignoring ‘the elephant in the room’ creates a lack of confidence and uncertainty for all involved. Without a succession plan in effect – for both planned and unplanned events – how will family farm businesses transition successfully?
What is succession planning?
“Many people have a mis-conception of what succession and transition is all about,” says Jonathan Forrest, a Director of Boyce Cooma.
17 June 2015
A lot of people leave their preparation for the end of the financial year until it is too late. If you feel that your finances could do with a shake-up before June 30, there are many tax-effective strategies that you and your Boyce accountant and financial adviser can implement now to ensure that the end of June runs as smoothly as possible.
A tax deductible way to manage risk
Income protection insurance is an essential part of any financial plan, designed to secure your family’s lifestyle in the event of illness or injury.