Employer Obligations During Workers Compensation

When an employee becomes ill or injured because of their work, it can be a difficult and stressful time for the employer as well. Ensure that your employees are cared for and have every opportunity to recover and return to work. Also ensure that as the employer you follow the rules for workers compensation and employee entitlements. Workers compensation or … Read More

Walker PenderEmployer Obligations During Workers Compensation

Limit Your Annual Leave Liability

Outstanding annual leave balances are a significant financial liability. The longer employees go without taking leave, the greater the risk to a company’s cash flow in the long term. Implementing strategies to regularly reduce annual leave balances can be difficult. Why Annual Leave Balances Hurt Your Bottom Line There are several reasons why companies accumulate large annual leave balances including: … Read More

Walker PenderLimit Your Annual Leave Liability

New Smoke Alarm Legislation for Tenanted Properties

Smoke alarms save lives. Reports have found that the risk of death in a house fire is reduced by more than half if properly maintained smoke alarms are installed. Queensland has the most comprehensive smoke alarm legislation in Australia, after coronial recommendations into the tragic death of 11 people in a Slacks Creek house fire in 2011. The Fire and Emergency … Read More

Walker PenderNew Smoke Alarm Legislation for Tenanted Properties

Top 10 Tax Tips for Investment Properties

Whether you use a tax agent or choose to lodge your tax return yourself, avoiding these common tax mistakes will save you time and money. Keep evidence of your income and expenses over the period you own the property and 5 years from the date when you sold the property. Capital gains tax may apply when you sell your rental … Read More

Walker PenderTop 10 Tax Tips for Investment Properties

Cyber Security

There is a sophisticated fraud network that has been targeting law firms and Real Estates in Queensland. These cyber criminals have stolen several million dollars from trust accounts. The precise method of attack varies, but the essence is that the criminals obtain access to the firm’s email accounts and use this to misdirect trust money or settlement funds. Some thefts have been … Read More

Walker PenderCyber Security

Scam Alerts

Scammers are a common problem these days, whether its by phone, email, post or knocking on your front door. They will try anything. Lately Pender Accounting Group has been receiving, a higher than usual, amount of calls regarding the legitimacy of emails and phone calls. We urge all our clients to keep their personal information secure and to report any … Read More

Walker PenderScam Alerts

Running Your Business From Home

If you own, lease or rent property used for business purposes – whether commercial premises like a shop or office, or even your own home – you must include any rental income in your tax return, you can claim income tax deductions for some property expenses and you will be liable for capital gains tax on any capital gain if you … Read More

Walker PenderRunning Your Business From Home

What Happens To My Superannuation When I Die?

When someone passes away it can be a tough time for the family emotionally and financially. Disputes over money can drive families apart. Superannuation is becoming our largest asset. It is a complex form of property and no less so on death. Spend a few minutes completing the form saying where your super should go if you die. This will … Read More

Walker PenderWhat Happens To My Superannuation When I Die?

New Depreciation Legislation For Australian Property Investors

In one of the most dramatic changes to property depreciation legislation in more than 15 years, Parliament has passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 as at Wednesday 15th November 2017, with the Bill now legislation. This means owners of second-hand residential properties (after 7:30pm on the 9th of May 2017) can not claim depreciation on plant and … Read More

Walker PenderNew Depreciation Legislation For Australian Property Investors

A Will Can Now Be A Text Message

In a recent well publicised Court decision, the Court in Queensland determined that a Will made by text message was valid and enforceable. This was after a costly and contested Court battle. Historically, Wills were made with great formality, had to be properly witnessed and the requirements for completion of the Will, including the signing and witnessing of it were strictly enforced. … Read More

Walker PenderA Will Can Now Be A Text Message