PVW News

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    TOWNSVILLE BUSINESSES CONFIDENCE REBOUNDING FROM COVID-19 PANDEMIC

    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 ...

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    IS IT TIME TO RETHINK YOUR APPROACH TO TIMES OF CHANGE?

    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...

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    QUEENSLAND GOVERNMENT ADAPTION GRANT PROGRAM

    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...

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    SMALL BUSINESS ADAPTION GRANTS ROUND TWO

    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...

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    PVW PARTNERS WELCOMES NEW SUPPORT MEASURES

    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...

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    SMALL BUSINESS ADAPTION GRANTS

    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...

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    COMMUNICATING DURING A CRISIS

    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...

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    PAYROLL TAX RELIEF ON JOBKEEPER PAYMENTS WELCOMED BY NORTH QUEENSLAND BUSINESS COMMUNITY

    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 ...

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    DON’T QUALIFY FOR THE JOBKEEPER PAYMENT? DON’T PANIC YET.

    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...

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    WHY DATA HAS NEVER BEEN MORE CRITICAL

    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...

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    JOBKEEPER FLOWCHARTS

    9th April 2020

    ...

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    JOBKEEPER PAYMENT UPDATE

    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...

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    CORONAVIRUS AND YOUR SUPERANNUATION

    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...

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    MANDATORY CODE OF CONDUCT FOR COMMERCIAL AND RETAIL TENANCIES

    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. ...

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    'JOB KEEPER' PAYMENT ANNOUNCED

    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...

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    QUEENSLAND GOVERNMENT COVID-19 JOBS' SUPPORT LOANS

    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...

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    QUEENSLAND GOVERNMENT SUPPORT FOR BUSINESS, HOUSEHOLDS & INDIVIDUALS

    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...

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    NEW COVID-19 SUPPORT FOR INDIVIDUALS & HOUSEHOLDS

    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...

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    NEW COVID-19 SUPPORT FOR BUSINESS

    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...

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    RELIEF FOR SMALL BUSINESS OWNERS AS BANKS DEFER LOAN REPAYMENTS

    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...

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    HOW CAN GOVERNMENT BETTER HELP SMALL BUSINESS SURVIVE COVID-19?

    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....

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    QUEENSLAND GOVERNMENT SUPPORT FOR SMALL BUSINESS

    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 ...

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    FEDERAL GOVERNMENT SUPPORT FOR BUSINESS - COVID-19

    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...

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    IS A CEO THE SECRET TO THE SUCCESS OF YOUR FAMILY BUSINESS?

    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...

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    WAXING LYCRICAL ABOUT LINKEDIN

    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 ...

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    CLOCK TICKING ON BUSINESSES AS NEW LEGISLATION PASSED

    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...

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    WHEN OPPORTUNITY KNOCKS, ANSWER

    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...

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    PRODUCTIVITY COMMISSION OUT OF TOUCH WITH REGIONAL AUSTRALIANS

    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...

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    8 REASONS YOU CAN'T AFFORD NOT TO HAVE A DIGITAL STRATEGY

    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...

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    WHERE WILL YOUR SUPERANNUATION GO WHEN YOU DIE?

    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...

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    CALLS FOR FEDERAL GOVERNMENT TO REDUCE RED TAPE BURDEN ON SMALL BUSINESS

    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...

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    5 SIMPLE WAYS TO IMPROVE YOUR DIGITAL MESSAGING

    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 ...

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    IS YOUR WEBSITE DRIVING NEW BUSINESS AWAY?

    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 ...

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    CAPTIVE COMMUNICATIONS PROMOTES REGIONAL QUEENSLAND VOICE

    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...

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    DEADLINE APPROACHING FOR EMPLOYEE SUPERANNUATION PAYMENTS

    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...

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    DISASTER ASSISTANCE GRANTS EXTENDED

    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...

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    MAKE A LIST AND CHECK IT TWICE; FBT IMPLICATIONS DURING THE CHRISTMAS PERIOD

    6th December 2019

    Author: Helen Shelton 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 ...

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    DON'T LET UNDERPAYING YOUR STAFF, BRING YOU UNDER

    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...

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    TOWNSVILLE BUSINESS CONFIDENCE STRENGTHENS IN 2019

    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...

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    PVW PARTNERS PRODUCTIVITY COMMISSION DRAFT REPORT SUBMISSION

    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...

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    BIG BROTHER IS WATCHING – ACT NOW!

    24th October 2019

    Author: Scott Vollmerhause You may have read in the news recently that the Australian Tax Office (ATO) has introduced new measures that give it greater visibility of payroll, tax and superannuation pa...

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    NEW FEDERAL GOVERNMENT LEGISLATION SET TO DENY TAX DEDUCTIONS

    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...

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    DEADLINE CLOSING IN ON NEW QBCC REGULATIONS

    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 ...

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    TAX REFORM KEY TO SUSTAINABLE AND RESILIENT REGIONAL COMMUNITIES

    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...

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    TOWNSVILLE BUSINESS CONFIDENCE STRENGTHENS SLIGHTLY

    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...

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    PARTNER ANNOUNCEMENT

    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...

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    PAYROLL TAX REFORM A WIN FOR REGIONAL QUEENSLAND BUSINESSES

    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 ...

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    PAYROLL TAX REFORM A WIN FOR REGIONAL QUEENSLAND BUSINESSES

    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...

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    CALLS FOR STATE GOVERNMENT TO EASE TAX BURDEN ON REGIONAL BUSINESS

    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...

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    TIME TO REVIEW THE ZONE TAX OFFSET AND ENABLE REGIONAL COMMUNITIES

    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...

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    TAX POLICY POLITICAL BATTLEGROUND OF 2019- CAPITAL GAINS TAX

    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...

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    NEGATIVE GEARING- TAX POLICY POLITICAL BATTLEGROUND OF 2019

    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 ...

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    WELCOME TAX RELIEF ANNOUNCED ON FLOOD GRANTS

    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...

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    TAX POLICY POLITICAL BATTLEGROUND OF 2019 - IMPUTATION CREDITS

    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 ...

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    FEDERAL GOVERNMENT LOOKS TO INCREASE INSTANT ASSET WRITE-OFF

    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...

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    HELP AVAILABLE FOR QUEENSLAND FARMERS

    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...

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    DISASTER ASSISTANCE UPDATE- AGRI

    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...

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    DISASTER ASSISTANCE UPDATE

    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...

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    FARM MANAGEMENT DEPOSITS A USEFUL TOOL

    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...

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    FORCED SALES: HOW MUCH DO YOU KNOW?

    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...

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    TAX POLICY POLITICAL BATTLEGROUND OF 2019

    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...

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    SMALL BUSINESS HAS A SIGNIFICANT STORY TO SHARE

    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...

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    DIVISION 7A SHAKE-UP IN THE SPOTLIGHT

    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...

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    PVW PARTNERS SUBMISSION- DIVISION 7A INTEGRITY RULES PROPOSED AMENDMENTS

    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...

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    A FAIR GO FOR SMALL BUSINESS

    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 ...

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    PVW PARTNERS GIFTED A PIECE OF AUSTRALIAN HISTORY

    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...

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    PVW PARTNERS RECOGNISED FOR LEADERSHIP GROWTH

    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...

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    TAX RELIEF FOR SMALL AND MEDIUM ENTERPRISE

    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...

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    PVW PARTNERS CELEBRATES THE EVOLUTION OF AN INDUSTRY

    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 ...

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    PVW INSIGHTS SEPTEMBER 2018

    17th September 2018

    Check out our latest newsletter.....

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    ENHANCING OUR SUPPORT TO YOU AND YOUR SMSF

    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...

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    SUPERANNUATION CLEARING HOUSE CHANGES

    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...

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    TREASURY'S PROPOSED INTEGRITY MEASURES EFFECTING SMSF'S

    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...

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    FRINGE BENEFITS TAX

    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...

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    NEW GST WITHHOLDING RULES

    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...

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    SMALL BUSINESS CGT CONCESSIONS INTEGRITY PROVISIONS

    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...

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    SINGLE TOUCH PAYROLL STARTS FROM 1 JULY 2018

    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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