22nd April 2024
Certain NFP entities that aren’t registered with Australian Charities and Not-for-profits Commission (ACNC) have to lodge an annual statement with the ATO. This obligation commences in July 2024...
8th April 2024
We see the current business cycle to be in a neutral phase. While clients are still engaging in investments, discussions are now centred more on assessing value and cash flow rather than the urgency ...
14th March 2024
The ongoing impact of TC Jasper is now showing up in the data and being felt in the local economy. Read all of the latest trends and insights, along with commentary from Nicholas Slatyer from Belle Pr...
1st March 2024
Superannuation contribution caps are set to increase for the first time in three years following the release of the latest Average Weekly Ordinary Time Earnings (AWOTE) index by the Australian Bureau ...
19th February 2024
It was quite a finish to the calendar year. Our thoughts go out to all those impacted by the cyclone and floods. As FNQ moves into recovery mode, we can expect to see the economic impact of repairing...
9th February 2024
Working in conjunction with Adjunct Professor Colin Dwyer from James Cook University, we have produced the latest Townsville Regional Scorecard 2023-2024 Report. This report considers 13 key variables...
21st December 2023
QRIDA has released its business recovery support programs: $250,000 Disaster Assistance Loan $100,000 Essential Working Capital Loan The concessional loans offer potentially: a loan term of u...
18th October 2023
Abstract: The resource industry is inherently exposed to uncertainties, including fluctuating commodity prices, evolving regulatory landscapes, geopolitical tensions, and the pressing challenges of En...
14th June 2023
The legislated Stage 3 tax cuts have created a cacophony of negativity since they were first proposed in May 2018 by the then Government. Despite the benefits for middle income earners and their tax r...
13th June 2023
Author: Greg Peel, Partner PVW Partners. “The best thing you can do to make sure your legacy lasts is to take stock and think about succession planning for your family…” No one want...
5th June 2023
With the temporary full expensing (TFE) incentive due to end on 30 June 2023, the federal government has announced the reintroduction of the small business instant asset write-off. From 1 July 2023, s...
12th April 2023
PVW Partners is proud to announce a new corporate partnership with the Townsville Chamber of Commerce This formal collaboration will involve a deeper level of engagement between us both with the...
10th March 2023
Treasurer Cameron Dick confirmed on 9 March 2023 that QLD’s regional employer payroll tax discount would be extended beyond its currently legislated end date of 30 June 2023. Details of that ext...
6th March 2023
Prime Minister Anthony Albanese has announced that the government plans to introduce a new cap for super which would see earnings on super balances above $3 million taxed at 30 percent, rather than th...
8th February 2023
In December 2022 the Australian Taxation Office (ATO) finalised a tax ruling relating to trust arrangements that may be caught by anti-avoidance tax laws. The final ruling does not differ signif...
1st February 2023
Leaders have a significant impact on their employees and the performance of their organisations. Their ability to navigate the complexities of the work environment and create meaningful connections wi...
30th January 2023
From 1 February 2023 employees will be entitled to 10 days of paid family and domestic violence leave in a 12-month period. Employers should ensure they have the appropriate internal systems to admini...
27th January 2023
The Queensland Treasury has issued a ruling indicating they will apply the payroll tax relevant contract provisions to an entity that conducts a medical centre business, including GP clinics, dental c...
24th January 2023
You've probably heard the phrase, "You can't out-train a bad diet". The implication is that more than training is needed to achieve health goals. If you are serious about getting healthier, you will h...
5th January 2023
In the modern age of evolving and fast-growing companies, timely access to debt or capital funding can be determinant of whether a market opportunity is won or missed. The revitalisation of genu...
19th December 2022
Potential reduction in your payroll tax liabilities from 1 January 2023 When calculating the QLD payroll tax liability, employers can claim a deduction against their taxable Australian wages (reducing...
9th December 2022
Leading into Christmas, it is important to understand what financial implications the festive season can have on your business. This time of year, when gift giving and Christmas parties begin, you mus...
2nd November 2022
Sadly, some children don’t have access to the basic items they need when starting school. Fuel for Schools Ltd is committed to ensuring local Townsville Primary school and high school students h...
26th October 2022
The Federal Treasurer, Dr Jim Chalmers, handed down the Labor government's first Federal Budget at 7:30 pm (AEDT) on 25 October 2022. A number of measures were announced that may be of relevance to yo...
19th October 2022
We have recently purchased a new office space to support the growth of our Cairns business. Construction of the new premises in McLeod Street was completed earlier this year and the fit-out is on trac...
8th September 2022
Townsville Chamber of Commerce celebrated 140 years along with recognising businesses in our community with their Business Awards Gala event. We are extremely proud to share that we took out the 'Best...
1st July 2022
PVW Partners, North Queensland’s largest locally owned and operated tax accounting and business advisory firm is proud to announce two key promotions within its senior leadership team in time fo...
21st June 2022
Charters Towers cattle producers have successfully rehabilitated a once patch of degraded country on their property to productive finishing paddocks for their beef operation. Stacey Kirkwood and Ia...
8th March 2022
As part of the release of a draft taxation ruling and draft practical compliance guide dealing with another area of the taxation of trust income (Section 100A reimbursement agreements), the ATO has al...
16th February 2022
Author: Sarah Bowrey The Federal government first announced as an election promise that it would scrap the $450 threshold in last year’s federal budget, however the bill to remove the monthly in...
25th January 2022
Adjunct Professor Colin Dwyer from James Cook University in conjunction with Queensland Country Bank, JCU, Colliers, PVW Partners and Propertyology released the Queensland Country Bank JCU Townsville ...
1st November 2021
From November 1st 2021, All company directors will be asked to verify their identity and required to obtain a 'Director Identification Number' (DIN). This comes with the establishment of Australian Bu...
28th October 2021
Townsville Economic Review 2021-2022 Released today, a collaborative report from Regional Economic Advisory, Townsville Chamber of Commerce and PVW Partners is the Townsville Economic Review 2021-2022...
17th August 2021
The Commonwealth and Queensland Governments have agreed to raise the COVID-19 Business Support grants from $260 million to $600 million. This $340 million dollar boost to the grant offers additional s...
27th July 2021
AUTHOR: Carl Valentine The Queensland Government has recently announced the Business Boost grant will be open for applications on the 30th of July 2021, with successful recipients receiving up to $15,...
6th July 2021
Author: Kate Smith 30 June recognises the end of the financial year, but for employers the work continues. Despite this year’s June 30 being a little different from normal with the COVID lockdow...
1st July 2021
Northern Queensland’s largest locally owned and operated accounting and advisory firm has strengthened its commitment to regional Queensland, with PVW Partners merging with Cairns-based Fortis N...
17th June 2021
AUTHOR: Sarah Bowrey From 1 July 2021, the Superannuation Guaranteed (SG) is increasing to 10%. SG is the minimum amount employers are required to pay into their eligible employees’ chosen supe...
9th April 2021
AUTHOR: Jason Donoghue If your business operates within the road transport industry, you may be familiar with the process behind registering for fuel tax credits (FTC) for your heavy vehicles – ...
23rd February 2021
At PVW Partners, we understand the value of family conversations and sometimes the sensitivity involved. However, the most difficult conversations to have may also hold the most significant importance...
19th February 2021
AUTHOR: Sarah Bowrey The Australian Taxation Office (ATO) recently announced it will increase the Transfer Balance Cap (TBC) for individuals relying on a retirement phase income stream. At the beginni...
15th February 2021
The PVW Partners March 2021 Business Confidence Survey has recorded the second highest result in its 30-year history, with confidence across the Townsville region increasing by 10 index points. ...
12th February 2021
“Through advocacy, hard earned resilience and adaptability, many North Queenslanders managed to get through 2020 relatively unscathed…” AUTHOR: Carl Valentine North, Far North and W...
24th November 2020
“Businesses taking up the scheme are most likely to offer roles which are casual, part -time or fixed-term contracts.” AUTHOR: Fiona McGill With youth unemployment more than double the ave...
18th November 2020
“While separation of assets may never be truly equitable, we should always strive to achieve fairness…” AUTHOR: KATE SMITH Family law matters are by their very nature complex, ...
30th October 2020
"Broader than just regional economic growth, our national position will be improved and prosperity maintained if the increased levels of Commonwealth Government expenditure and investment can be...
23rd October 2020
"Over the last 20 years, I reflect that the political view public debt has evolved from it being bad, to some being good to it now being a necessity." AUTHOR: Carl Valentine While Commonwealth Governm...
1st October 2020
“The partnership with PVW Partners has presented a unique opportunity to harness my passion even further and help more regional Queenslanders on their path to success…” AUTHOR: Lisa...
22nd September 2020
"As these new reporting requirements have only been in place for the past 18-months, builders and contractors may not be fully aware of what they need to provide to QBCC." AUTHOR: Amanda Molino As the...
21st September 2020
"The waiver of the July and August 2020 Payroll Tax liability will be a welcome cost saving for the businesses in Queensland that continue to do it tough..." Author: Carl Valentine While a sensi...
14th September 2020
“Business owners will need to get organised now, to ensure they apply within the timeframe allocated…” Author: Mandeep Singh The Federal Government’s original JobKeeper packa...
10th September 2020
"If you’re not using the right tone, chances are you won’t be attracting the right kind of customer, or in a worst-case scenario, any customers." AUTHOR: Tessa Grimes Within the communicat...
27th August 2020
On the 6th of March 2020, the Australian Government introduced a Superannuation Guarantee Amnesty (Amnesty) which allowed employers to disclose and pay previously unpaid superannuation owed to employe...
4th August 2020
“The best thing you can do to make sure your legacy lasts is to take stock and think about succession planning for your family…” AUTHOR: Greg Peel No one wants to think about the da...
21st July 2020
21st July 2020 Today the Federal Government announced an extension of the JobKeeper Payment scheme by a further six months. The JobKeeper Payment is a scheme to support organisations significantly im...
7th July 2020
The PVW Partners Quarterly Townsville Business Confidence Index shows business owners and managers are more optimistic about their immediate future than they were three months ago, with a better than ...
29th June 2020
AUTHOR: Andrew Leith With organisations focusing on being more agile, particularly in uncertain times such as these, the top down, one size fits all approach to improving business performance is now a...
16th June 2020
The Queensland Government has announced an extension to the Small Business Adaption Grant Program. As a part of Stage Two of the government’s Economic Recovery Strategy, up to $100 Million is be...
16th June 2020
The Queensland Government has announced an extension to the Small Business Adaption Grant Program. As a part of Stage Two of the government’s Economic Recovery Strategy, up to $100 Million is be...
19th May 2020
MEDIA RELEASE 19th May 2020 North Queensland based accounting and advisory firm PVW Partners has welcomed today’s announcement by the Queensland Government of the new Small Business Adaption Gra...
19th May 2020
The Queensland Government has announced a new Small Business Adaption Grant Program. The objective of this program is to support small businesses subject to closure or highly impacted by the coronavir...
13th May 2020
“With the sands shifting so quickly, the ability for business to communicate its message quickly has never been more important...” Author: Dylan Cotton When I was recently asked to speak a...
8th May 2020
Leading North Queensland accounting and advisory firm PVW Partners has welcomed the Queensland Government’s decision to exempt Payroll Tax on JobKeeper payments. Managing Partner Carl Valentine ...
28th April 2020
“Unfortunately, there is no silver bullet. It’s important to remember that if your business doesn’t qualify, it doesn’t mean there is no help at hand…” Author: Kat...
19th April 2020
AUTHOR: Kate Smith While sitting in Mater Emergency a few months ago, I equated the work the PVW Partners financial management team does with emergency medicine. At that time I didn’t realise ho...
9th April 2020
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9th April 2020
The Bill giving rise to the legislative framework, enabling the JobKeeper payments to be implemented, passed through Parliament late yesterday. Several other related Government measures were also pass...
8th April 2020
As a part of the Government’s economic stimulus package to cushion the effects of coronavirus, numerous superannuation and retirement income focused measures have been introduced in the last fe...
7th April 2020
The Prime Minister announced the creation of a mandatory code of conduct in relation to commercial and retail tenancies (the Code). The announcement came today following the National Cabinet meeting. ...
30th March 2020
The Australian Government has today unveiled a third economic package of $130 billion aimed at preserving jobs during the COVID-19 crisis. This economic package is in addition to the previously announ...
26th March 2020
Applications are now open for the Queensland Government’s $500 million COVID-19 Jobs Support Loan scheme. This scheme is for Queensland businesses and non-profit organisations financially affect...
24th March 2020
The Queensland Government has today announced a $4B package to support Queensland businesses and jobs. The package includes: Refunds of payroll tax for 2 months (must be applied for before 31 May 202...
22nd March 2020
The Australian Government has today released the second stage of its economic plan to cushion the economic impact of the COVID-19. A total of $189 billion is being injected into the economy by all arm...
22nd March 2020
The Australian Government has today released the second stage of its economic plan to cushion the economic impact of the COVID-19. A total of $189 billion is being injected into the economy by all arm...
20th March 2020
A Small Business Relief Package has been announced from Australia’s banks, to assist owners affected by COVID-19. Details of the package include: Small business loans to be deferred for up to s...
18th March 2020
Author: Carl Valentine With the outbreak of COVID-19 in Australia, small businesses are facing unprecedented challenges and will continue to do so for an unknown, but likely prolonged, period of time....
17th March 2020
The Queensland Government has announced $500m in loans to support workers in businesses affected by COVID-19 The $500 million concessional loan facility would comprise loans of up to $250,000 with an ...
16th March 2020
Author: Carl Valentine As we all consider the impacts of COVID-19 for our communities, families and businesses, it's important to keep in mind the recently announced Federal Government Support package...
10th March 2020
“The decision to bring on a CEO into a family business may be critical to ensuring that the business can continue to grow sustainably into the future.” AUTHOR: Andrew Leith Throughout my t...
6th March 2020
“The platform is a wonderful place to grow and elevate your professional brand and give your business a voice to an entirely new and diverse audience…” AUTHOR: Casie Scott Several ...
4th March 2020
"For those who suspect they have underpaid, unpaid, or potentially unpaid superannuation contributions, now is the time to come forward..." Author: Sarah Bowrey On 24 February 2020, the Australian Gov...
28th February 2020
“Moving from a Big 4 firm to a locally owned and operated business had more than its fair share of risk. But with that has come enormous opportunity…” Author: Greg Peel Sunday marks...
26th February 2020
Media Release 27 February 2020 Leading North Queensland based accounting and advisory firm PVW Partners has called on the Australian Government to disregard recommendations made by the Productivity Co...
19th February 2020
Author: Dylan Cotton Recently, I created a graphic containing statistics on social media usage in Australia. My research confirmed what we all already know – Australian’s LOVE their social...
18th February 2020
“This will help with certainty over your Estate Plans and alleviate any conflict that may arise between beneficiaries- ensuring your money goes exactly where you wanted it to…” Auth...
11th February 2020
“By reducing the red tape and simplifying the regulations of small business taxation, the Federal Government would effectively be freeing up the time of small business owners while making the sy...
2nd February 2020
5 SIMPLE WAYS TO IMPROVE YOUR DIGITAL MESSAGING “Have a clear message about what you’re selling and don’t beat around the bush in telling your potential clients about why they ...
24th January 2020
“Imagine your website like a storefront- it is your chance to make a great first impression to potential clients…” Author: Dylan Cotton As we head into 2020, your business having a ...
22nd January 2020
“By offering an integrated service delivery model which incorporates financial management, project management, stakeholder engagement and communications under the one roof, we’re able to p...
13th January 2020
As you will no doubt be aware, the Australian Taxation Office (ATO) has introduced measures which give it greater visibility of payroll, tax and superannuation payments made by businesses. These chang...
10th December 2019
Author: Sonia Chalk As 2019 draws to a close, it’s hard to forget the devastation of the floods in North Queensland. Many people are still feeling the impact 10 months on. It was wonderful to se...
5th December 2019
Author: Jason Donoghue There are many reasons that an employee may be underpaid throughout the course of their employment; through computer errors, incorrect hours paid, penalty rates not applied or n...
29th October 2019
The PVW Partners Quarterly Townsville Business Confidence Index has finished the year stronger than it started, despite a minor contraction in confidence heading into the December 2019 quarter eroding...
28th October 2019
Remote Area Tax Concessions and PaymentsProductivity CommissionGPO Box 1428CANBERRA, ACT 2601 Online: www.pc.gov.au/remote-tax 11th October 2019 Submission to the Productivity Commission on the Remote...
14th October 2019
“The proposed legislation will have unintended and far reaching adverse implications…” Author: Andrew Whitehead Over recent weeks, I’ve been speaking to PVW Partners clients a...
19th August 2019
Author: Amanda Molino In 2014, the Queensland Building and Construction Commission (QBCC) eased reporting requirements for licensed building and construction businesses across Queensland in an effort ...
8th August 2019
“PVW Partners believes government policy should be about enabling small to medium enterprise to succeed.” Author: Carl Valentine I was recently asked by Townsville Enterprise to outline ta...
23rd July 2019
The PVW Partners Quarterly Townsville Business Confidence Index has strengthened slightly in the September 2019 quarter, with overall participant confidence remaining positive. PVW Partners Managing P...
21st June 2019
Dear Townsville Business Community, We are thrilled to announce we have expanded the PVW Partners partnership, with Sonia Chalk and Colin Ryan joining Greg, Carl and Andrew as Partners of the firm. So...
21st June 2019
“This is the type of positive change required to skew the playing field for the regions to the point where businesses will consider relocation or establishment.” North Queensland Business ...
12th June 2019
Media Release North Queensland’s largest accounting and advisory firm PVW Partners has welcomed today’s Queensland State Budget announcement of Payroll Tax reform. Managing Partner Carl Va...
9th June 2019
“Enabling our regional businesses to attract, grow and retain staff is key to the future economic success of regional Queensland.” Author: Carl Valentine As a business owner and a pr...
21st May 2019
AUTHOR: Carl Valentine It is hard to fathom that what is now the Zone Tax Offset (ZTO), originally established in 1945, has barely evolved in more than 70 years. Based on uncongenial climatic conditio...
23rd April 2019
Author: Carl Valentine The Capital Gains Tax (CGT) discount has been in place in its current form since 1999 and operates such that individuals pay tax at their marginal rate on only 50% of the capita...
12th April 2019
Author: Carl Valentine With the Federal Election announced for May 18, the differing taxation policies of the Coalition and the Opposition are well and truly in the spotlight. The Opposition’s ...
10th April 2019
“Common sense has prevailed, with the Federal Government announcing that flood grants would be tax- free!" Author: Gbemmie Aisida In the wake of the memorable two weeks of “wet”, no...
31st March 2019
AUTHOR: Carl Valentine With the Federal Election due to be called within weeks, much has been made of the differing taxation policies of the Coalition and the Opposition. The Opposition announced its ...
12th March 2019
AUTHOR: Carl Valentine “This is a perfect example of decent policy that is designed to assist, rather than hinder, small business operators.” The Federal Government’s Instant As...
8th March 2019
Author: Clancy Cox The past few weeks have been truly heartbreaking and a test of industry survival for many primary producers. Many have gone from years of drought ravaged pastures and stock to losin...
8th February 2019
With the flood event devastating farmers in Queensland’s north, far north, central and western communities, we thought it would be useful to compile a list of available assistance. We unde...
6th February 2019
With the recent disaster in North and West Queensland continuing to impact on thousands of people across the region, we thought it might be beneficial if we touched base with a list of Federal and Sta...
31st January 2019
Author: Clancy Cox WITH drought, fire and floods ravaging the rural sector, the annual income of an individual farmer can vary significantly from year to year. In an effort to take some of the p...
21st January 2019
Author: Clancy Cox WITH drought ravaging much of the State, forced sales are a point of conversation for many primary producers and tax advisers. If used correctly, forced sales can provide some inst...
18th January 2019
Author: Carl Valentine “It would undoubtedly take a brave leader, and one who genuinely cares about our future economic prosperity, to seriously look at tackling our taxation system and committi...
9th January 2019
Author: Casie Scott When I took on the role of Communications and Business Development Manager at PVW Partners, my focus quickly turned to how on earth I was going to make accounting and advisory dige...
11th December 2018
Author: Colin Ryan Division 7A reform has long been the focus of discussion between accountants, the Australian Taxation Office and the Federal Government, with reform first flagged as far back as 201...
7th December 2018
Submission to the Australian Government on Targeted Amendments to the Division 7A Integrity Rules Consultation Paper, October 2018 PVW Partners welcomes the opportunity to make a submission on the pro...
29th November 2018
Author: Carl Valentine Last week I was lucky enough to attend the Business Council of Australia’s annual dinner in Sydney. Australian Prime Minister Scott Morrison used the event to outline the ...
6th November 2018
Accounting and Advisory firm PVW Partners has celebrated a 100-year commitment to loyalty and leadership in North Queensland, culminating in an Alumni function which brought together former staff from...
2nd November 2018
PVW Partners’ Carl Valentine has taken out the Australian Centre for Business Growth Director’s Award for Most Growth as a Leader, during the recently completed cohort of “Growing Qu...
29th October 2018
Author: Carl Valentine Small and medium sized businesses received an early Christmas present this month, with news tax cuts have been fast tracked by five years. The Treasury Laws Amendment (Lower Ta...
7th October 2018
On the 1st of October 1918, Arthur Fadden’s brass plaque went up and the man who would eventually go on to become Australia’s second longest serving Treasurer, opened the doors to his new ...
17th September 2018
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15th June 2018
The last couple of years have seen the most significant changes to our superannuation system since 2007. Those changes, including various new thresholds and reporting obligations, have increased the l...
3rd April 2018
Were you paying Super by Superstream for you employees? The ATO has recently closed SuperStream, so where to now?The new Super portal is now accessible under the ATO Business portal. You will ne...
3rd April 2018
The Government has proposed new integrity measures which will affect SMSFs entering into new borrowing arrangements after 30 June 2018.Treasury proposes that where an amount is outstanding under a lim...
3rd April 2018
FBT is a tax payable by employers on certain benefits they provide to their employees. These benefits may be in addition to or including their salary and wages package.The FBT year runs from 1 April t...
27th March 2018
A new system of GST withholding will commence on 1 July 2018 for developers who supply ‘residential premises’ or ‘potential residential land’. Under the new arrangements, purc...
21st March 2018
Small Business CGT Concessions integrity provisions In the 2017-18 Budget as part of its tax integrity package, the Government announced that, from 1 July 2017, the tax law will be amended so that a t...
18th December 2017
The ATO is changing the way employers report tax and super contributions and will introduce Single Touch Payroll from 1 July 2018. It will mean that when you complete your payroll, the tax and su...
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