March Newsletter 2024

Goodbye, Summer - Hello Autumn!

Well, it took a while to warm up but we did get to experience some Summer conditions and these may well continue into early Autumn too.

We need some rain to fill our water tanks and keep our gardens looking lush.

Can you believe that we are now in the last month of the first quarter of 2024 already?

This year will also go very quickly and that’s all the more reason to make sure we have our goals set so that we can work towards achieving them and get that sense of accomplishment and fulfilment that comes with reaching them.

Do you need some help with planning out the year ahead? Or need some accountability or motivation to be more successful in 2024?

If so, reach out to our Team and we will show you how our business coaching program – Chasers Getting ResultsTM – works.

The footy season is now here and I will be looking forward to seeing if the Blues can build on the successful 2023 finals appearances.

Starting the Dream – How to Avoid a Nightmare When You Start a Business – is scheduled to be officially launched later this month 2024 – more details to come…

If you want to get a copy at a 50% discount with our pre-publication offer click this link: Starting the Dream. 

Both books are for any aspiring entrepreneur who wants to grow their business and to understand what to look out for and avoid when they start their business, too!

If you have not yet left a review for us on our Google Reviews, then now is the chance to do this and get 6 chances of winning a luxury 3-night holiday in Tropical Mackay in North Queensland. That’s right! By simply scanning this QR Code and following the instructions, we will enter you in the monthly draw to win.

If you have not yet left a review for us on our Google Reviews, then now is the chance to do this and get 6 chances of winning a luxury 3-night holiday in Tropical Mackay in North Queensland. That’s right! By simply scanning this QR Code and following the instructions we will enter you in the monthly draw to win.

The winners so far were:

  • July – Heidi Monaghan,
  • August – Mark Struth
  • September – Felicity Barker
  • October – David Peart
  • November – Jodie Welsh
  • December – Josh Suringa
  • January – Ben Tolson

Last month’s winner was:

If you are not successful in previous months, you will be automatically re-entered for the following month, giving you up to 12 possible chances of winning this awesome holiday. As soon as you leave a review, our Team will be notified and will enter your name in the draw. – Good luck!

The latest edition of our National Award Winning Magazine – No. 15. – is now published and available for you to read. It features concretor, Bobby Curtis, heaps of educational tips and ideas and an article by the Content Queen, Clea Jones – Content Marketing Specialist.

Don’t forget to check out our latest podcast episodes on The Chasers Channel

  1. Episode 34 – Planning Ahead for Stage 3 Tax Cuts
  2. Episode 33 – How a Super Recontribution Strategy Could Improve Your Tax Position

We release a new episode every Sunday so make sure you follow our podcast to get the latest news, tips and strategies for bringing you closer to achieving the dreams you are chasing.

Key Dates in March 2024

21 March

  • Lodge and pay the February 2024 monthly business activity statement.

31 March

  • Lodge tax return for companies and super funds with a total income of more than $2 million in the latest year lodged (excluding large and medium taxpayers), unless the return was due earlier.
  • Payment for companies and super funds in this category is also due by this date.
  • Lodge tax return for the head company of a consolidated group (excluding large and medium), with a member who had a total income in excess of $2 million in their latest year lodged, unless the return was due earlier.
  • Payment for companies in this category is also due by this date.
  • Lodge tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more, excluding large and medium trusts.
  • Payment for individuals and trusts in this category is due as advised on their notice of assessment.

Stage 3 Tax Cuts Now Official!

There may be some tax-saving opportunities for you with the recently legislated Stage 3 Tax Cuts.

The Federal Government announced that the Stage 3 Tax Cuts that are scheduled to begin on 1 July 2024 have now been passed.

SUMMARY OF THE CHANGES

These are the planned changes to tax rates for 2025:

As a result of these changes:

  • High-income earners earning $200,000 will have their proposed tax savings slashed from $9,075 to $4,529.
  • Individuals earning under $45,000 and not eligible for the original State 3 Tax Cuts will now benefit, with a tax rate of 16% being reduced from 19% – which is worth a maximum of $804 for someone earning $45,000 or above.
  • An individual earning $90,000 will receive a tax cut of $1,929 – up from $1,125 under the original Stage 3 Tax Cuts

TAX PLANNING ADVICE – Business Customers

By forecasting your expected 2024 income and tax payable for all individuals and entities in your family group, we can then develop strategies to “spread” your income across your family group in the most tax-effective way – and legally reduce your tax.

One of these strategies may be deferring income into the 2025 year so that you can take advantage of these updated Stage 3 Tax Cuts!

We will be contacting you after the 31st of March 2024 (once your March 2024 BAS is completed) to book your 2024 Tax Planning meeting.

In case you missed some of our recent Blog Articles, here are a couple you might find interesting

Blast Off to Business Success: Systemise Your Way to the Stars!

Hello Chasers, Remember Neil Armstrong’s moonwalk?  One small step for him, one giant leap for systematised missions! Just like spaceships, your business needs systems to navigate the cosmos of success. Don’t let your venture crash and…

Gamma.app – the Future of Content Creation?

Hello Chasers, I will be conducting an online masterclass for a business group of property development entrepreneurs next month and need to prepare a presentation. At last week’s business conference in Sydney, a tech tool that…

Government Announces Changes to Proposed ‘Stage 3’ Tax Cuts

Hello Chasers, Despite previous assurances, and after much speculation, the Government has announced tweaks to the ‘Stage 3’ tax cuts that will apply from 1 July 2024.  The Stage 3 tax cuts have been subject to…

Host Your Next Event in Our Stunning Space Room

A Purpose-Built Workspace to Hot Desk or Conduct Your Meeting

Our new business space, christened ‘The Chasers Hub’ at the Fletcher Jones Business Centre is available for hire. If you need to run a training meeting, hire a ‘hot desk’ or host a virtual presentation then check out the availability of the space with our online calendar or contact Shannae Hewett  on 55612643 and she will discuss your requirements and organise these with your booking.

Worried about your Home Loan Interest Rates or
Need Finance for that new Ute & Machinery?

If so, now is a good time to review your financial position and your wealth protection cover to ensure a life event such as heart attack, cancer or death doesn’t leave your loved one’s with a debt that they cannot pay back! Contact Angela Tirabassi on 55612643 if you would like to discuss a solution today!

Have you increased your debt levels (Home/Business Loans etc.) recently?

Contact Dale Wilson-Rea on 55612643 for the most competitive rates & taxeffective structuring of your finance today!