November 2018 Newsletter

HomeNews › November 2018 Newsletter

November 2018 Newsletter


Footy season is over and we kick off the last quarter of the year!
In our latest newsletter, we have included some tips on how business owners could reduce costs. If you earn money through ride-share or rent or hire your car to others, then our article enclosed is a must-read.
We take a look at the importance of guarding your super and not accessing it until you retire.
If you have always dreamt of starting a business, then we hope our article provides some useful tips and inspiration.

Key Dates: 

21 November
  • Lodge and pay October 2018 monthly business activity statement.
25 November
  • Lodge and pay quarter 1, 2018–19 activity statement if you lodge electronically.
28 November
  • Lodge and pay quarter 1, 2018–19 Superannuation guarantee charge statement - quarterly if the employer did not pay enough contributions on time.

    Employers lodging a Superannuation guarantee charge statement - quarterly can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.

    Note: The super guarantee charge is not tax deductible

RBA Interest Rate Announcement!



At its meeting today, the Reserve Bank Board announced it was leaving the cash rate unchanged at 1.50 per cent.

Please click here to view the Statement by Philip Lowe, Governor: Monetary Policy Decision.
Whilst the official rate is unchanged, we're watching closely what the banks do with their rates, as some of Australia's biggest lenders have decided to make changes to their rates regardless of official interest rate moves by the RBA.
You will be notified directly by your bank if and when they change their interest rate.

If you have any questions about any of the articles in our latest newsletter please contact the office 02 4628 9555 or fkw@fkw.com.au
Regards,
The FKW Team

How to reduce costs



Cutting costs is arguably the quickest and easiest way to improve the profitability of your business. Introducing a cost-control system can bring immediate savings and ensure that you remain competitive in the longer term. 
Read more

Are you sharing your car?



Peer to peer car sharing platforms are a popular way of making some extra money if you own a car. However, there are some important things to remember if you are renting or hiring your car to others. 

Read more

Guard your super



Critical challenges for super fund members in the accumulation phase are to keep their savings intact and to keep adding to those savings when possible with voluntary contributions. 

Read more

Minding your own business


Many of us dream of being our own boss and, with hard work and careful planning, self-employment can bring financial and lifestyle rewards - along with enormous personal satisfaction.
Read more