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In this issue....

We welcome you to Issue 3 of the Tribe Group News for 2020!  Happy End of Financial Year!

Whilst Covid19 restrictions are lifting, and life is looking somewhat closer to the familiar, there is still some uncertainty in the markets.  We look at what is "giving the market the jitters and will it last", as well as providing some information on the "Cash Flow Boosts" available to eligible employers, the extension of the Instant Asset Write off, and how we need to report Services Australia payments in the 2019 - 2020 returns. The Stellar team also provides some insight into The Economic Stimulus package, and the concessions for the LRBA in SMSFs.

Teresa & the personal tax return team also ask that you send in your personal income tax return information as soon as you can.  We are ready and waiting to get an early start on these, and will be emailing all relevant clients in the coming days with our reminder of the "information required".

If you require any assistance, with any of the matters covered in this issue, or just in relation to your accounting or financial matters in general, please feel free to contact our office.  We are here to help!

 

Shield News

At Shield Wealth we can help you:
- Set realistic goals around life transition events
- Choose appropriate tax strategies, platforms, asset allocation and products
- Reach your desired outcomes at each life Stage
- Plan for you or your loved ones in Aged Care

In this issue we specifically address the "Market Jitters and will it last"
After a strong run of late, local, and global markets have developed a clear case of the jitters. There are a few things rattling them, with the risk of a second wave of COVID-19 at the top of the list.
  Read More

As well delving into ETF's - Exchange Traded Funds - open-ended investment fund, similar to a traditional managed fund, that is traded on the ASX – just like any share. ETFs aim to closely track the performance of a given index or asset class and provide the returns of that index or asset class – less any fees.
   Read More

Shield Wealth Expert

Suzanne McIntosh
Director

Tribe News

Cash Flow Boost
Now that everyone seems to have JobKeeper under control, another key part of the Government’s response to the COVID-19 pandemic is the provision of cash flow assistance to employers in the form of a tax free cashflow boost.  Read More

Extending the Instant Asset Write-off
The Federal Government continues to back small business with the announcement that it will extend the $150,000 instant asset write-off for six months to 31 December 2020. Read More

 

Tribe Accounting & Advice Experts
                     
               Grant Slater        Teresa Trimboli
               Director                Individuals

                    
               Beth Hinds         Isabel Duarte
               Bookkeeping      Accounting

Stellar News

Here we are at the end of the 2020 financial year. The government has announced that minimum pensions can be halved for the 2020 and 2021 financial years. We have reviewed our pension members and some trustees will be getting pension reminders, to ensure minimum pensions are taken prior to 30th June 2020. Read More


COVID-19 – Providing concessions for the LRBA in my SMSF
The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals.
If your SMSF has a related party loan and is impacted due to the financial effects of COVID-19, you may be able to provide your LRBA with relief under an agreed commercial arrangement. Read More

COVID-19 – The Government's Economic Stimulus packages explained
Over the past two weeks the Government has announced two economic stimulus packages to cushion the economic impact of the Coronavirus.
A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business.
Read More


              SMSF Expert

                     
               Brooke Hepburn-Rogers     
               Director Stellar Super               
 

Meet Our Tribe

Its time to meet our Tribe!. Each newsletter we will introduce one of the members of our team!  This month meet Brooke Hepburn-Rogers - Director Stellar Super.


Q1 – When you were little, what did you want to do when you “grew up”

A –
A Police Officer – In fact I took a one year hiatus from accounting in 2014, before I came here and got into the Tasmanian Police Academy. Family matters meant my return to SMSF Accounting, and me coming to Canberra in 2015 (which has worked out well – goes to show you don’t know what life has in store for you 😊 ).
 
Q2 – Who would you most like to swap places with for a day?

A –
My little brother, he is a PGA golfer, based in Singapore, and gets to work outside with sport. That or the family dog, that lives the life of spoilt luxury…..
 
Q3 – If you could visit anywhere in the world, where would you go?

 A -   
I have been lucky enough to visit a lot of places, but still have large bucket list. My next travels are Prague and back to Indonesia, but would LOVE to see Madagascar and Sri Lanka.
 
Q4 – What is your favourite family tradition?

A –
When my brothers, myself and my parents get together, which isn’t too often, we sit on the back deck overlooking the Northern NSW hinterlands and cattle and have a cigar and drink Dad’s homemade martinis. Gets rowdy 😊
 
Q5 – Who inspires you?

A –
There are so many, I would have to say my parents and brothers. Both my brothers have taken huge leaps of faith in their careers and moving countries and I am just so proud of them, they also happen to be the kindest and funniest people I know. My parents have lived a life of awe. Through hardships, and success, they have kept us a close unit. They have just celebrated their 50th Wedding Anniversary (and happily too!).

 

Brooke Hepburn-Rogers
Director Stellar Super
 

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