Q&A: Preparing the next generationQ&A: Preparing the next generation A Q&A with Laurel Moulynox, Managing Director and Private Wealth Adviser, and Graeme Marks, Managing Director and Family Business Specialist,… READ MOREMultigenerational Wealth Planning: 5 FoundationsFive foundations for wealth that bring a family together By Laurel Moulynox, Managing Director and Family Wealth Adviser, Morrows Wealth can do wonderful things for… READ MOREBuilding Trust in a Family Business: Start EarlyTrust is built before it’s tested By Graeme Marks, Managing Director and Family Business Advisor, Morrows Most family businesses I work with are in good… READ MORE5 Tips on preparing for your SMSF annual accounts and auditThe end of the financial year can be a busy time for SMSF trustees. Having the right information ready can help your SMSF accounts and… READ MOREOwn a Property Bought Before 20 September 1985? What the 2027 CGT Changes Mean for YouIf you own a property that was purchased before 20 September 1985, you may have assumed it would always be exempt from capital gains tax… READ MOREWhy team culture matters to your advice: Morrows named among Australia’s Best WorkplacesAt Morrows, we’ve always believed that the quality of advice our clients receive is inseparable from the culture we build for our people. This year,… READ MORECapital Gains Tax changes from 1 July 2027: What property investors need to knowFrom 1 July 2027, the way capital gains are taxed will change. If you own investment property, understanding which rules apply to you can help… READ MORENegative gearing changes: What property investors need to knowNegative gearing changes: What property investors need to know Negative gearing isn’t being abolished. But from 1 July 2027, the tax treatment of residential rental losses will change for… READ MOREWhat Our Top 10 Best Workplaces ranking means for clientsWe are pleased to share that Morrows has been recognised as one of Australia’s Best Workplaces™ in Financial Services & Insurance for 2026 by Great… READ MOREFederal Budget 2026-27 Update: What You Need to Know NowThe 2026-27 Federal Budget introduced several significant proposed tax changes that will impact investors, property owners and family wealth structures over time. If you would… READ MOREElectric Vehicles and FBT: What Employers and Individuals Need to KnowAs part of Australia’s transition to lower-emission transport, a range of incentives have been introduced to encourage the uptake of electric vehicles (EVs). One of… READ MOREBe cautious of third-party company annual review noticesHave you received a company annual review notice that looks like an invoice or urgent payment request? We’ve seen examples received by both Morrows team… READ MOREATO new guidance on holiday rental properties – what you can and can’t claimTax deductions for holiday house rental properties: what owners need to know following the ATO’s new guidance With the continued growth of Airbnb, Stayz and… READ MOREAre You Paying a 38% “Loyalty Tax” on Your Life Insurance?Many Australians assume loyalty will be rewarded, but in life insurance, the opposite is often true. Research suggests that long-term policyholders can pay 30–50% more… READ MOREATO Update – How to easily determine the cost of charging your Electric VehiclesAs electric vehicles (EVs) continue to grow in popularity, many Australians are looking for a simple way to calculate the cost of charging their vehicle… READ MOREHiring Help: A Breakdown of Government Incentives and Wage Subsidies Available for EmployersLast reviewed: September 2026 Finding and retaining the right people remains one of the biggest challenges for Australian businesses. To support employers, a range of… READ MOREFederal Budget 2026-27: What Families and Investors Need to KnowFederal Budget 2026-27: What Families and Investors Need to Know The 2026-27 Federal Budget introduced some of the most significant proposed tax changes for investors… READ MOREBuilding Family Wealth That Lasts for GenerationsBuilding a lasting legacy isn’t just about wealth – it’s about creating systems, capability, and values that endure across future generations. Australia is on the… READ MOREEstate and Financial Emergency Plan – Prepare for the UnexpectedIf Something Happened Tomorrow — Would Your Family Know What to Do? In times of uncertainty, even simple tasks — accessing accounts, contacting advisors, or… READ MORESMSF Property Valuation Checklist for TrusteesATO Real Property Valuation Guidelines for Self-Managed Superannuation Funds (SMSFs) Alongside a recently issued version of its ‘Valuation guidelines for self-managed super funds’, the ATO… READ MORENew ATO App Security Feature Helps Protect From Tax Scam CallsIn July 2025 alone, almost 7,500 ATO impersonation scams were reported across Australia, reinforcing the ongoing risk of fraud targeting individuals and businesses, particularly during… READ MOREWhat you can and can’t claim on rental properties this tax timeTax time is fast approaching, and the Australian Taxation Office (ATO) is again urging rental property owners to be extra careful in preparing their tax… READ MOREPreparing the Next Generation for Responsible Wealth Will your wealth endure beyond the first generation? Australia is entering one of the largest intergenerational wealth transfers in history – yet without the right… READ MORETax benefits from Voluntary Superannuation ContributionsHow boosting your Super before 30 June can reduce your tax When you retire, your superannuation is likely to become an essential source of your… READ MOREPayday Super is Coming: What Businesses and Employees Need to Know and Do From 1 July 2026, employers across Australia will be required to pay superannuation at the same time as wages under the new Payday Super rules…. READ MOREWomen Must Put Themselves and Their Finances First – It’s Not Selfish, It’s Smart“Women do enough. But too often, we forget to put ourselves – and our financial futures – first.” Reflecting on our recent International Women’s Day… READ MOREDivision 296 – Super balances over $3 million will see tax rate double to 30% by 2026The Division 296 superannuation legislation has now passed both houses of Parliament and will become law once Royal Assent is granted. While the final legislation… READ MOREHome Care Options for Self-Funded Retirees – Commonwealth Home Support Program vs Support at HomeOnce you’ve taken the important first step of registering with My Aged Care and completing your assessment, the next question is often, what happens now?… READ MOREThe One Step Every Retiree Must Take Now- Register with My Aged Care If you are a self-funded retiree or supporting a parent who may need aged care in the future, there is one important step that matters… READ MOREInstant Asset Write-Off – What It Means for Small BusinessesGood news for small business owners: the $20,000 instant asset write-off has become permanent. This means you can continue to immediately deduct the full cost… READ MOREMake Summer Conversations MatterSummer is a time for slowing down, reconnecting, and enjoying the people who matter most. Between festive celebrations, long lunches, and lazy days in the… READ MORENew Psychological Health Regulations Coming into Effect for Victorian EmployersFrom 1 December 2025, Victoria will introduce the Occupational Health and Safety (Psychological Health) Regulations 2025. These regulations represent a major shift in how psychological… READ MOREThe Hidden Cost of Delaying Retirement PlanningTime in the Market vs Timing the Market is what Counts We often speak with clients, and one thing that continues to surprise us is… READ MOREUnderstanding Victoria’s Vacant Residential Land Tax: Key Updates and ImplicationsThe Victorian Government has expanded Vacant Residential Land Tax (VRLT), meaning more property owners may now need to consider whether their property is affected. VRLT… READ MOREMorrows’ Laurel Moulynox Named Among Barron’s Top 150 Financial Advisers for 2025Morrows is proud to announce that Managing Director, Laurel Moulynox, has once again been recognised in the Barron’s Top 150 Financial Advisers list for 2025,… READ MOREBuilding a Legacy: How to Ensure Your Wealth Lasts for Future Generations By Laurel Moulynox, Managing Director, Morrows Private Wealth For many of the families we work with, wealth isn’t just about money – it’s about values,… READ MOREMorrows Earns Great Place to Work CertificationMorrows is proud to be officially certified as a Great Place to Work®! We are especially proud that 97% of our people say Morrows is… READ MOREEstate Planning and Shares: Avoiding Tax Surprises for Your Family For many families, shares form a significant part of their wealth. As more clients begin to plan how their investments will pass to the next… READ MORESupport at Home: Steps to Take Before 1 NovemberBig changes are coming to home care. From 1 November 2025, the new Aged Care Act will come into effect, bringing significant changes to how… READ MOREDid you know you may need to be paying super to your contractors?Does your business or organisation engage independent contractors? Many businesses assume that contractors are exempt from superannuation, but this is not always the case. Some… READ MOREWhen Do You Need a Business Health Check?Successful business owners tend to have a growth mindset and strive for continuous improvement within their business and industry. As businesses expand and grow, they… READ MOREBeyond the Stock Exchange: Understanding the Power of Private Markets When we think about investing, most people picture the stock exchange or buying shares on the listed market. But increasingly, some of the strongest opportunities… READ MOREUsing Investment Bonds to Pass on Family Wealth Securely and Tax-EffectivelyAs property values rise and super balances grow, we’re seeing more of our clients look for ways to pass on wealth securely and effectively. With… READ MOREGiving While Living: Preparing the Next Generation Through Early Wealth TransferA Shift We’re Seeing Among Families At Morrows, we’re seeing more and more families exploring ways to pass on part of their wealth earlier, rather… READ MOREAre You on the Best Rate? Reserve Bank Cuts Interest Rates. It’s Time to Talk.RBA Cuts Interest Rates – What Should You Do Now? This month, the Reserve Bank of Australia (RBA) cut the official cash rate by 0.25… READ MOREBeyond the Will: How a Legacy and Transition Plan Protects Your Family’s FutureMost families take the important step of organising financial affairs, such as drafting Wills, creating trusts, and setting up enduring powers of attorney. These documents… READ MOREKey Changes to Home Care Packages- What the Support at Home Means for you and your loved onesWhat You Need to Know Before November 2025 From 1 November 2025, the new Support at Home program will replace the current Home Care Package… READ MOREIs Financial Advice Tax Deductible?Could you now claim a tax deduction on financial advice? Recent changes in legislation have introduced a meaningful shift for Australians seeking financial advice. For… READ MOREAged Care Reform Delayed – What This Means for You and your FamilyAged Care Reform Delayed – What This Means for You Use This Time to Plan With Confidence The Federal Government has confirmed that the major… READ MOREWhat You Can (and Can’t) Claim as a Vehicle/ Car Tax DeductionAs tax time approaches, many business owners, tradespeople, and employees alike start to ask the same questions. A common one is Can I claim my… READ MORENew ATO Rule from 1 July 2025: Interest Charges No Longer Tax DeductibleFrom 1 July 2025, interest charges on unpaid tax debts – known as the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) – will… READ MOREATO’s Tax Compliance Crack Down Calls for Audit Management as a Safeguard In recent years, wealthy Australians and small business operators have come under increasing scrutiny from the Australian Taxation Office (ATO) as it intensifies efforts to… READ MOREUnderstanding Fringe Benefits Tax (FBT): Why Lodging Returns is Best Practice for Tax ManagementNow that the 2025 Fringe Benefits Tax (FBT) year has concluded, we encourage our clients to reevaluate their FBT commitments and strategies for effective tax… READ MORETax Tips for Employees – Working from Home Tax DeductionsThanks to the pandemic, many of us have permanently changed our work arrangements to include more time working from home (WFH). Now that lockdowns are… READ MOREGet Ahead with Your Own DIY Small Business Tax Planning TipsGet Ahead with Your Own DIY Small Business Tax Planning Proactive tax planning can make a significant difference to your small business’s cash flow, tax… READ MORETips to Help Women Better Manage Inherited Wealth or Divorce SettlementsUnderstanding Horizontal Wealth Transfers: What Women Need to Know When we think of wealth transfer, the focus often centres on the traditional parent-to-child process known… READ MOREWhat to Do When Separating or Divorcing Life doesn’t always go the way we planned—and sometimes, that means facing difficult decisions. If you’re going through a separation or divorce, know that you’re… READ MOREFinancial Questions Every Woman in Her 60s and beyond Should Be AskingYour 60s and beyond should be a time to enjoy the freedom you’ve worked so hard to earn — whether that means winding down your… READ MOREFinancial Questions Every Woman in Her 40s & 50s Should Be AskingEmpower Me: Key Financial Questions for Women in Their 40s & 50s During your 40s and 50s, life can feel like a juggling act. You… READ MOREFinancial Questions Every Woman in Her 20s & 30s Should Be AskingYour 20s and 30s are defining decades — building your career, buying property, starting families or businesses, and laying the foundation for long-term wealth. Yet… READ MORE5 Key Things to Know About the New Aged Care Fees – Starting 1 November 2025Significant changes are coming to Australia’s aged care system from 1 July 2025, aimed at creating a more sustainable and equitable model of care. While… READ MOREWorkplace Reform Proposed Changes regarding Non-Complete ClausesSignificant changes to non-compete and restraint clauses are on the horizon for Australian workers, aligning with recent overhauls in the US and UK. Since 2022,… READ MORE2025-26 Australian Federal Budget SummaryKey Implications for Individuals, SMEs, Superannuation, and Foreign Residents The Federal Budget for 2025-26 has been released, but for many of our clients, the impact… READ MOREWhat Is Salary Sacrificing/ Packaging? A Smart Strategy to Save on Tax Want to pay less tax while maximising your financial benefits? Salary sacrificing, also known as salary packaging, could be a smart strategy for you to… READ MOREWhat is Financial Wellbeing- Tips to improve your financial healthFinancial Wellbeing: More Than Just Wealth – It’s About Peace of Mind When you think about financial security, what comes to mind? For many, it’s… READ MOREStrategic Tax Planning and Minimisation OpportunitiesStart Planning Now to Reduce Your Tax Before 30 June 2026 Tax planning isn’t something to leave until the end of the financial year. When… READ MOREThe Bank of Mum and Dad: Tips for Parents Lending Money to ChildrenWith property prices outpacing incomes and interest rates still high, many young Australians are turning to the ‘Bank of Mum and Dad’ for help. While… READ MOREWhy You Should Start Aged Care Planning EarlyAged care planning is often triggered by small, gradual changes—perhaps an ageing parent is struggling with daily tasks, or you’re beginning to think about your… READ MOREHow to Avoid the 4 Key Mistakes in Aged Care Planning Whether you’re planning for yourself, your partner, a parent, or another loved one, aged care can feel like a foreign world, but you don’t have… READ MOREHow to minimise your tax by using a “Bucket Company”As a business owner or investor, now is the ideal time to start planning ways to reduce your tax liability. One strategy to consider is… READ MOREVictoria’s New Short Stay Levy- What it means for property ownersFrom 1 January 2025, Victoria’s new 7.5% Short Stay Levy will apply to eligible short-term rental properties. While the levy aims to address housing shortages… READ MORELegacy Pension Exit Window: What Retirees Need to KnowThe Federal Government has introduced new rules to make it easier for people with legacy pensions to restructure their superannuation. These changes came into effect… READ MOREHappy New Year! Reflecting on Conversations and PlanningAs we step into the new year, it’s the perfect time to reflect on the meaningful moments shared with loved ones over the holiday season…. READ MOREA guide to aged care fees and all those confusing acronymsConfused about aged care fees and what they mean? You’re not alone. If you or a loved one needs to consider a move into residential aged… READ MOREHow to organise your personal information for family in time of needWith so much of our financial and personal information now stored online, keeping track of passwords, vital documents, and digital assets is essential to safeguarding… READ MORESMSF Lending: Is It Worthwhile Borrowing within your SMSF?Borrowing Within SMSF: Is It Worthwhile? Have you ever considered using your superannuation to purchase property? Since borrowing within Self-Managed Superannuation Funds (SMSFs) was permitted… READ MOREPost-EOFY Planning: 7 Tips to Prepare Your Business for a Successful 2025Now that the new financial year is in full swing, business owners have the perfect opportunity to shift their focus from the challenges of 2024… READ MOREUnderstanding the New Reporting Rules for Not-for-Profits in AustraliaStarting from 1 July 2023, thousands of self-assessing not-for-profits (NFPs) entities in Australia must lodge annual self-reviews to maintain their tax-exempt status with the first… READ MOREVictorian Government Announces Welcome Payroll Tax Relief for GPsIn a move aimed at supporting the medical industry and alleviating financial pressures on general practices, the Victorian Government recently announced a series of payroll… READ MOREReminder: April 30 Deadline Approaching for R&D Tax IncentiveIs your business at the forefront of innovation? Have you developed groundbreaking products or processes that could enhance your competitiveness in the market? If so,… READ MOREExploring the Power of Private Ancillary Funds (PAFs)Philanthropy and Private Ancillary Funds When it comes to philanthropy, the desire to make a meaningful and lasting impact on the world is a common… READ MOREMorrows Welcomes Next Generation Executive TeamWe are excited to share a momentous occasion in Morrows’ history with you. As we celebrate our 65th anniversary, we are delighted to introduce our… READ MOREMorrows Celebrates 65 years of Commitment and Long-Lasting ConnectionsWe are thrilled to share the news that we are celebrating Morrows’ 65th anniversary in 2024! As we reflect on our rich history and look… READ MOREThe Most Effective Ways to Minimise Your Tax BillWith the end of the financial year approaching, now is the ideal time to meet with your advisor and discuss the best actions to take… READ MOREThriving in Turbulent Times: A Roadmap for Small Businesses to Thrive in 2024 As we step into a new year, it’s crucial to acknowledge the unique challenges small businesses have faced over the last few years. Late in… READ MOREKey Updates in Fair Work Legislation Affecting SMEs The past year has seen significant transformations with enacting the Fair Work Legislation Amendment in the ever-evolving employment law landscape. As your trusted advisor, we’re… READ MORENavigating the Future: Creating a Thoughtful Exit Strategy for your Family BusinessesRunning a family business is a journey filled with unique challenges and rewards. Many family business owners pour their hearts, souls, and resources into building… READ MOREDeadline approaching: Review Unfair Contract Terms or risk millions in fines.From November 9 2023, laws surrounding unfair contract terms (UCT) in Australia will see significant expansions; affecting a much broader range of contracts than ever… READ MOREBusiness Succession Planning and Buy-Sell Insurance: Safeguarding Your FutureIn the business world, unforeseen events can swiftly reshape our path, urging quick adaptation. At Morrows, we’ve personally experienced the weight of this truth following… READ MOREUnderstanding the Impact of HECS-HELP Debts on your Tax BillRecent media coverage and social media discussions have shed light on a concerning upward tax bill trend, especially from young professionals. Individual taxpayers have recently… READ MOREMade in Victoria – Industry R&D Infrastructure FundEmpowering Victorian Manufacturing through Innovation: Introducing the Made in Victoria – Industry R&D Infrastructure Fund To help invigorate the manufacturing landscape, the Victorian Government has… READ MOREWhy Morrows has Embraced Box for Enhanced Data Security At Morrows, we take your data protection seriously. To better protect your data and personal information, we have updated and will continue to update our… READ MOREHow the ATO is using Rental Property Data Matching to target property investorsOwning a rental property can be a rewarding investment, but it also comes with tax obligations that must be diligently managed. Understanding the intricacies of… READ MOREATO Refund Fraud- What to Do If Your Data Has Been CompromisedRecently, Morrows has observed a surge in scammers following the Medibank Private, Latitude Financial and Optus data leaks. These scammers have specifically targeted individuals whose… READ MOREThe Changing Face of Scams: Impersonation scamsScams have not only evolved but have also become increasingly sophisticated. Once limited to phone calls or mail fraud, con artists have turned this into… READ MOREDefending your Finances: Practical Steps to Prevent CybercrimeIn an era driven by advanced technology and online communication, the world of scams has undergone a rapid transformation. Fraudsters and cybercriminals have taken this… READ MOREWhat to do if your information was exposed in the data breachData breaches have become an unfortunate reality, and the risk of personal information falling into the wrong hands is a growing concern. If you find… READ MOREProtect yourself from Scammers – Recent breaches and tips to help stay safeOver the recent years, scammers have been getting increasingly sophisticated in their attempts to steal your money or personal details. Over the last year, we… READ MORENew employer obligations regarding the Respect at Work Bill On 28 November 2022, the Australian Parliament passed the Anti-Discrimination and Human Rights Legislation Amendment (Respect at Work) Bill 2022. This legislation significantly changes employers’… READ MOREWhat the collapse of Silicon Valley Bank means for Aussie Investors?Silicon Valley Bank (SVB) or the go-to bank for US tech startups suddenly collapsed last Friday, with US$200 billion in bank deposits now stranded. Its… READ MORETop 3 P’s of New Year Business Resolutions for 2023Happy new year! And haven’t the last few years been full of highs and lows? 2022 was certainly a year in which we challenged ourselves… READ MOREZero Emission Vehicle Subsidy to help boost electric vehicles uptakeThe Federal and Victorian State governments have recently introduced a number of incentives to encourage the use and uptake of Electric Vehicles (EV) across Australia…. READ MORENovated lease benefits for employees and employersAs advisors, we always look for innovative ways to help our clients financially reward, motivate and entice employees without going over budget. One of the… READ MOREAlternatives Assets and Portfolio Risk/ReturnThe investment landscape is changing…Are investors changing with it? The supply of and demand for private capital (in both equity and debt markets) and alternative… READ MORETax Objections – To object or not to object, that is the questionEver feel that you are paying too much tax? I’m sure you are not the only one. But, have you ever thought that your reasons… READ MOREFlood relief support for Victorian Small BusinessesVictoria’s flood crisis is far from over, with small businesses across the state still swamped and business owners still under threat from more flooding. To… READ MOREBonds are safe defensive assets… aren’t they?2022 is likely to set another record – the largest losses for bondholders in over 100 years! And it is not even close. To the… READ MOREAre your trust deeds up to date?Do you have a trust deed? Does your trust distribute income to multiple beneficiaries? If your trust deed was created before 29 June 2011, it… READ MOREWhat’s the difference between a patent and a trade secret? And how to protect your IPAs a business owner, it’s critical to be across ways to protect your business’ secret weapons and Intellectual Property. One highly desirable form of intellectual… READ MOREChart of the Month- SeptemberWhere to from here? How much further is there to go? The S&P 500 equity index entered a ‘bear market’ during the first half of… READ MOREControversial Land Tax scrapped for Queensland property ownersGreat news for Queensland landholders, on 30th of September 2022, Queensland Premier Annastacia Palaszczuk announced she will no longer approve the controversial land tax after… READ MOREWhy do you need to urgently register your .au domain?.au Domain- Register now or Lose it The organisation responsible for managing Australian domains, auDA, has recently announced that Australians can now purchase a domain… READ MOREChart of the Month – AugustWhat happens when rising interest rates cause all asset classes to fall simultaneously? The largest destruction of wealth on record. After years of low inflation… READ MOREWhy should you register your trademark?When you’re starting a business or looking to launch a new brand, it’s critical to understand what you need to protect your brand. The most… READ MOREProtecting your assets under the Personal Property Securities Register (PPSR)Do you hire out plant and equipment? Do you sell stock on consignment? If so, you should know the importance of the Personal Property Securities… READ MOREChanges to the Export Market Development Grants to Boost Global Growth OpportunitiesFor many years, the Federal Government has supported and encouraged businesses to expand their exporting potential by providing cash rebates known as the Export Market… READ MOREChart of the Month- JulyWhat comes up, must come down. What effect interest rates will have on housing prices. Australians love property, and building a property portfolio is achievable… READ MOREAm I at risk with my trust distributions ? What you need to know about section 100A?Recently, the ATO has been reviewing and making changes to the requirements relating to distributions of trust income to adult children. Trustees should review their… READ MORETransitioning to Retirement – Salary Sacrificing into SuperSalary sacrificing into your superannuation involves reducing your take-home pay to put more money away for your retirement. Salary sacrificing into super is where you… READ MOREUsing Superannuation Borrowings to Purchase InvestmentsPurchasing investment property within your SMSF (self-managed superannuation fund) can be an effective way to minimise tax rather than investing in a property in your… READ MORETime to get ‘SUPER’ ready for the EOFYAre you ‘super’ ready for end of financial year? The end of the financial year marks the start of tax time but before then it’s… READ MORECPA announces The Murray Wyatt AwardRecognising the achievements of the next generation of CPAs We are proud to announce that the CPA Australia has recently launched the Murray Wyatt Award,… READ MORERECENT CHANGES TO CHARITY SIZE THRESHOLDS DELIVERS GOOD NEWS FOR CHARITIESThe pandemic and recent lockdowns have placed an enormous burden on businesses, not to mention the additional pressure put on charities and not-for-profit sector. There… READ MORENavigating the Road ForwardPractical strategies for continued success in 2022 Anyone who has been driving for hours down a dark, country road with no street lights, lights on… READ MOREIs now the best time to fix my home loan?What a great question! We’re glad you asked. Like many things, timing is everything when it comes to securing finance. The past couple of months… READ MORECryptocurrency – What is it and what are the tax implications?Cryptocurrency is a purely digital currency that is ‘tokenised’ by cryptography, making it very difficult to counterfeit and effectively enabling it to act in the… READ MORETo Hedge or Not to Hedge? Tips in minimising interest rate rise riskThe recent higher than expected inflation data has prompted the RBA to modify its interest rate view. Last month, the Bank abandoned its earlier strategy… READ MOREMental health and wellbeing surcharge on Victorian Businesses with over $10 Million in WagesMental Health and Wellbeing Payroll Tax Surcharge (surcharge) commences in the new year and is forecast to raise over $800 million for Victoria each year…. READ MOREHow to ensure your End of Year Christmas Party and Gifts are tax deductableWith the holidays and Christmas rapidly approaching, some well-earned festivities are certainly on the table. Employers are busy preparing for their end of year party… READ MOREWhat is Windfall Gains Tax and what does it mean for property owners?On 12 October 2021, a bill was introduced into the Victorian Parliament, which, if passed, would introduce a Windfall Gains Tax (WGT) on the extra… READ MOREIncome Protection Insurance – How the industry is changing and what it means for youWhether you have an existing income protection policy or are looking to obtain a new policy, the insurance industry is changing rapidly. We are here… READ MOREBuying a First Home or Investment Property – Tips and Traps Before Signing a ContractBuying real estate is one of the most significant financial commitments that most of us will make in a lifetime. It is critical to your… READ MOREATO’s New Powers to Disclose Business Tax Debt to Credit Reporting BureausHave you received a letter from the Australian Tax Office lately regarding your business tax debt? If you have, keep reading. Your tax debt may… READ MOREAre you a director? Time to get ready for the launch of Director IDGreat news for thousands of directors who are yet to submit their Director ID application form: the deadline has been extended until 14 December. On… READ MORECasual Conversion Deadline Rapidly ApproachingFrom 27 September 2021, Australian businesses employing over 15 people will be expected to comply with changes made to the Fair Work Act 2009 (Cth)…. READ MORENo More Choice for Employers When it Comes to Super Choice – from 1 November 2021Changes have been made to the Super Choice rules with the view to simplify employee superannuation by preventing the opening of multiple funds for one… READ MOREWhere Does the Money Come from?Home loans provide the path to homeownership, making them one of the most highly sought lending products available. The increased demand for mortgages has meant… READ MOREWhat is Happening with Interest Rates?In response to an impending recession during mid-2020, the RBA’s decision to cut the cash target rate to 0.10% has until now warded off potential… READ MOREPayroll Tax Deferral Granted to Victorian Businesses Amid LockdownsIn the wake of Victoria’s fifth lockdown, many of Australia’s small businesses are struggling to stay afloat following the continuous disruption to operation and opportunities… READ MOREWhat is Estate Litigation?The area of estate disputes is a stressful and emotionally charged one. The feeling of being unfairly treated by a deceased loved one or dealing… READ MOREBe Aware – New Wage Theft Laws Commencing in VictoriaUnder the Wage Theft Act 2020 Employers, Directors and Officers could be held criminally liable for dishonest non-payment or underpayment of wages and other employee… READ MORELoan Approvals Facing Massive DelaysAustralia’s housing market has traditionally been a valuable asset to investors; however, recent changes have led to an unprecedently enthusiastic market and an influx of… READ MORECuckoo Smurfing – Protect Yourself From This Money Laundering SchemeIf you send or receive money from overseas using a money transfer business, you may be at risk of criminals targeting your bank account using… READ MOREChanges to the R&D Tax Incentive PortalIn response to the pandemic, seemingly all departments of the Australian government are moving their services online to customer portals or mobile applications. In line… READ MORESuperannuation Guarantee Changes – What You Need to Know?The superannuation guarantee is legislated to increase from 9.5 percent to 12 percent in 0.5 percentage point increments from 2021 through to 2025. The first… READ MOREHow to be money-wise with your financesThe impacts of the recent pandemic led to country-wide layoffs and subsequent loss of income are still being felt by many today. While it all… READ MOREThe Downside of Trusting the Process When Building a HomeThe story of being sold a dream but buying a nightmare is often heard by Morrows Legal. Our clients trust the experts and assume that… READ MOREPermanent Legal Changes Following the PandemicThe pandemic has certainly changed the world we live in, and legal processes are no exception. Whilst not all changes are as entertaining as cat… READ MOREThe Need-To-Knows About Claiming Your Legal ExpensesThe deductibility of legal expenses is determined the same way as other business expenses. That is, they are necessarily incurred in earning your business income… READ MOREHow Structure Affects Your Business Tax ObligationsYour own personal taxes are complicated enough, but as a business owner, it’s a whole new ballgame. Your business’ structure is one of the most… READ MOREAvoiding Settlement Headaches – The Benefits of Retaining a Property LawyerThe Australian property market remains strong despite the challenges of COVID-19 and economists predict it will remain resilient for the foreseeable future. Victorian State Government… READ MOREA proactive approach to tax time – don’t miss out!Most of our clients receive/take advantage of our personalised tax planning. If you haven’t been, call or email us and we will help. There is… READ MOREATO overdue taxable payment reports: Is your business risking a penalty?The Australian Taxation Office (ATO) has issued a stern warning for all overdue taxable payment reports – lodge your report or risk penalties. READ MOREHave you classified your workers correctly?Keep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MORECircuit Breaker Business Support Package – Are You Eligible?As the Victorian Government announces a further $143 million package to support eligible businesses – it has provided much confusion as to who is eligible… READ MORESix Steps To Buying Your First HouseKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MOREThe New SMSF Audit Requirements (APES 110) – Are They the Road to Perdition?The new SMSF Audit requirements (APES 110) - are they the road to perdition? The new independent standards commence on 1 July 2021. All “in-house...READ MORESmall Business Digital Adaptation ProgramThe Victorian Government has recently released the Small Business Digital Adaptation Program – helping Victorian small businesses build their digital capability. The aim of the… READ MOREJobKeeper – Second PhaseThe Federal Government has now released the rules that will govern the second phase of the JobKeeper Payment program, which will operate from 28 September… READ MOREHow to Effectively and Successfully Implement Change within Your BusinessThe most successful organisations are admired for their adaptability and having the flexibility needed to take advantage of dynamic circumstances. The strength of a business’s… READ MORENew Independence Guide – What Does It Mean for Me?Issue Changes to APES 110 (the code) from 1 January 2020 and The Independence Standards (the standards) from May 2020, will require Accounting Firms to… READ MOREManaging Different Personalities in the WorkplaceIt is common knowledge among business leaders that the best teams are built on a foundation of diverse skills and personalities. For so many reasons,… READ MOREWorkplace Manslaughter – Do You Have Policies and Procedures in Place?The new Victorian workplace manslaughter laws which came into effect on 1 July 2020, ensure that employers will face more severe consequences should they neglect… READ MORESuperannuation Guarantee Amnesty is Now AvailableThe Australian Tax Office has announced that the superannuation guarantee (SG) is now legally binding. The ATO has provided a number of supporting resources which… READ MOREBring Forward Non-Concessional Contribution for Over 65sKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MOREHow People Performance Can Be Optimised In ‘The New Norm’As a result of the pandemic, many office-based employees’ working arrangements have pivoted to accommodate a more flexible remote working environment which has seen both… READ MOREHow Changing Superannuation Laws Will Affect YouKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MOREImportant Changes for Directors – What You Need to Know about Director Identification NumbersGreat news for thousands of directors who are yet to submit their Director ID application form: the deadline has been extended until 14 December. On… READ MOREPandemic Effects on Australian Real EstateHouse prices might fall as much as 32% in the next three years; for anyone looking to sell or invest in residential or commercial property,… READ MOREJobKeeper Payment Enrolment is OpenA key milestone in the JobKeeper Payment program started on Monday 20th April, with the official enrolment for the JobKeeper Payment program opening up to Employers…. READ MOREWith Great Sorrow We Announce Morrows Principal of Audit Lee Wong has Passed AwayWith deepest sympathies and sadness in our hearts, we must inform the Morrows community that our dear friend and Principal of Audit Lee Wong passed… READ MOREWhen Does a Business Need an Independent Audit?Without regular and proper audits, your entity may be risking operational efficiency and compliance to various industry and legislative standards. An independent audit is the… READ MORECase Study: Aged Care – KateKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MOREMitigating Audit RiskAs modern businesses strive to improve operational processes, internal analysis has become an increasingly relevant action. One of the most common forms of analysis is… READ MOREThe Importance of Family and Third-Party input in Aged Care DecisionsUnfortunately, none of us can be young forever. If the time has come for you or a loved one to consider the move to aged… READ MORESingle Touch Payroll and TaxAs of July 1st, 2019, STP reporting became compulsory for all employers. Single Touch Payroll (STP) is a new method for Australian employers to report… READ MOREPerks of Joining a Self-Managed Super FundKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MOREStruggling with Multiple Debts: The Value of Debt ConsolidationKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MOREWhat to Consider When Saving for Your House DepositBuying a house is the biggest purchase many of us will ever make and so it carries a significant financial responsibility. The first part of… READ MOREAustralian Employers Under Fire to Stop Withholding Super PaymentsFollowing the end of 2019’s final quarter, the ATO will send emails to 4,000 Australian employers thought to be withholding super payments to reminding them… READ MOREATO Compliance – Tax Tips for BusinessesThe Australian Tax Office keeps a watchful eye on all business activities. Businesses of any size are under obligation to ensure their ATO compliance to… READ MORETypes of Aged Care to ConsiderKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MOREMotivating Children to Take More Responsibility with MoneyKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MOREAre You Aware of Foreign Landowners’ Duties?Foreign persons who invest in property in Australia are subject to a range of obligations. It’s important to know what they are and fully understand… READ MOREAudit Quality: How It Affects Your BusinessThe Senate has voted to establish an inquiry into the regulation of auditing, the process of inspecting a business’s accounts to be sure that everything… READ MOREWhat You Need to Know about Voluntary Assisted Dying Laws in VictoriaOn the 19th of June 2019, the Voluntary Assisted Dying Act (2017) (“the Act”) came into effect, making Victoria the first state in Australia to… READ MOREThe Benefit of Implementing a Positive Workplace CultureAs employers, we strive to provide the best for our employees’ job satisfaction – this is often in part achieved through workplace initiatives such as… READ MOREWhat You Need to Consider When Guaranteeing Your Child’s LoanIn a climate where today’s younger generations are struggling to buy property, leveraging security from parents through a guarantee has become a common way to… READ MOREDon’t Be Caught Making Any Ridiculous Tax ClaimsWhile most people are in the process of lodging their tax returns during this time of the year, the Australian Taxation Office (ATO) is also… READ MOREWhy You May Not Get Away with Any Creative Accounting This Tax YearIt is not uncommon for tax payers to take advantage of our tax system and reduce the taxable income as much as legally possible. However,… READ MOREAustralia Introduced a New Super Law – Are You Up to Date?Superannuation always seems to be changing. The Treasury Law Amendment Bill 2019, a new super law, was passed last week. This will make changes to… READ MOREWhy You Need to Make the Tough Decisions about Aged Care NowPlanning aged care for your loved ones can be quite confrontational and emotionally draining but it cannot be ignored. Lack of planning can leave you… READ MOREAre You Aware of the Changes to the Oaths and Affirmations Act (2018)?The new Oaths and Affirmations Act (2018) came into effect on 1 March 2019. This new legislation applies to those who take oaths and affirmations,… READ MOREUnderstanding Guarantees – What Do Your Clients Need to Be Wary Of?A guarantee is commonly included in a loan, a lease or commercial contract. Understanding the nuances of the agreement can be complicated, however these cannot… READ MOREAvoid the Traps of Binding Death Benefit NominationsKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MOREWhen Signing and Dating Documents Leads to Unintended ConsequencesAn Adelaide financial adviser has been permanently banned from providing financial services following findings that he had engaged in “dishonest conduct” by ASIC. Some of… READ MOREImportant Warning: Your PPSR Security May Have Lapsed Leaving You UnsecuredThe Personal Property Securities Register came into existence as the single, national online database of security interests in personal property in Australia on the 30th… READ MOREMorrows Advisors Realise Alzheimer’s is the Curse of Estate PlanningLaura Harding from Morrows Legal’s estate planning team and Renato Manias from our aged care group are currently trying to rescue Larry*, a long term… READ MOREThe Commonly Overlooked Benefits of Estate PlanningEstate planning is an important process which involves strategically planning the distribution of one’s assets in the event of passing or an incident prohibiting one… READ MOREThe 7 steps to entering aged careKeep in mind the following information is General Advice and is obviously not personalised for your unique needs, objectives or financial situation. Please get in… READ MORELoad more
