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ATO releases final ruling on allocation of professional firm profit
On 17 December 2021, the ATO released PCG 2021/4 which outlines its view on allocating risk profiles to practitioners of... read more
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FBT and the 2021/22 Festive Season
With the 2021/22 festive season nearing, it is once again worthwhile having a refresher of the Fringe Benefits Tax (FBT)... read more
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The threat cybercrime poses to your finances (and four ways to protect yourself)
In 2019 individuals and organisations in Australia lost over $630 million to online scams, according to the Australian Competition and... read more
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Happy holidays to you and yours!
On behalf of the entire Banks Group team, we wish you and your family all the excitement, joy and... read more
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Banks Group announces the acquisition of SPC Financial Planning
We are delighted to announce that Banks Group has acquired SPC Financial Planning (SPCFP) effective 1 November 2021. SPCFP owner... read more
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How to increase retirement savings
Planning for retirement can be both exciting and stressful. With reports and research talking about the importance of planning for... read more
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Focusing on retirement in the current environment
The COVID-19 pandemic has shaken the entire economic, social and business environment and has laid bare its fragility as it... read more
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COVIDSafe Outdoor Activation Voucher Program opened
As mentioned in our recent bulletin, the Victorian Government previously announced the introduction of the Outdoor Economy Program on 18... read more
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New stapled super funds rule
Currently, if your business takes on an employee and they don’t choose a super fund, you can pay their super... read more
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Victorian COVID-19 related business grants – current state of play
As at 20 October 2021, there are several business grants that are available to eligible Victorian businesses. A summary of... read more