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Our Tax Planning Tips to Help you Maximise your Return
It can be difficult to ensure you are getting the most out of your tax returns. At Kensington's, we recommend working with one of our experienced accountants to construct a tax plan which will encourage more strategic decisions and help maximise your returns this tax time.   Tax Planning Tips Now is a great time to review both your expected taxable income for the previous financial year.....

Latest Articles

24 September 2020
The COVID-19 pandemic has significantly impacted the superannuation savings of most Australians. Firstly, the economic downturn resulted in investment markets heading south. Asset values have fallen, so superannuation balances have fallen, impacting both.....
24 September 2020
Financial planning is a lifelong endeavour, and it is important to be putting in place the strategies that suit your lifestyle, but with one eye on the future. As you move through different life stages, your resources and risk tolerance will change. Saving.....
24 September 2020
When it comes to making life changing decisions, most people take time to ensure they are well informed and advised. This same consideration should go into finding a great financial partner. It is essential to understand the services they offer and consider.....
29 July 2020
At Kensington’s we understand that applying for government funding can be difficult to navigate. We have put together a list of our most frequently asked questions to explain the suitability and accessibility of current funding.   Are there any.....
29 July 2020
It can be difficult to ensure you are getting the most out of your tax returns. At Kensington's, we recommend working with one of our experienced accountants to construct a tax plan which will encourage more strategic decisions and help maximise your returns.....
29 July 2020
The state government recently approved a new law to help commercial tenants and landlords better reach agreements about renting during the COVID-19 pandemic. The law was introduced in two parts: Commercial tenancies (COVID-19 response) Act 2020, (21st.....
21 July 2020
Today the Federal Government provided an update to the future of the JobKeeper program. Important changes include the following:  The JobKeeper program will continue beyond the initial end date in September. It will now carry through until the end of.....
21 July 2020
Lodging your tax return as soon as you can this year is proving attractive to recoup potential refunds. However it’s important to consult a professional to assist you with the many COVID-19 changes for the past financial year. Review the below checklist.....
22 May 2020
The case to be a new world leader has never been more evident in these recent times. In the past two months, it has become more obvious than ever before that we find that the leader of a business has a significant impact on how that business performs. The.....
23 April 2020
We are providing you with a checklist to ensure that you have ticked off all that is required to get your business JOBKEEPER READY. KEY DATES 20 April: JobKeeper enrolment opened 30 April: Business and employee enrolment closes for APRIL Monthly.....
2 April 2020
1. Understand your current financial position It’s essential to make informed decisions about your business based on your current financial position. Pending restrictions imposed by government, your ability to trade through this period, pay outstanding.....
1 April 2020
In addition to our previous communications over the past 2 weeks regarding the Federal Government’s stimulus packages, we attach for you a detailed analysis of the Second Economic Stimulus Package which passed through Parliament on Monday night. It is now.....
1 April 2020
In regards to our previous post explaining the Jobkeeper Payment, we are now encouraging clients to register their interest for the Jobkeeper payment if they qualify to register. If you believe you will qualify to receive the Jobkeeper Payment package.....
1 April 2020
This is a short note to advise we are very aware of the announcements made today towards the business wage subsidy referred to as the Jobkeeper Payment. We have received an enormous volume of requests for information today regarding this.....
1 April 2020
The past few weeks have been full of challenges for us all. To date, our interactions with many of our clients indicate a mixture of outcomes. Some unfortunately have been forced into immediate shutdown whilst others have only been impacted slightly by these.....
1 April 2020
We are all being impacted by these current events and as we understand more and more of the impact the Corona Virus is having across the world as well as the direct impact it is having on our local economy, the realisation for many is our businesses and.....
1 April 2020
Following the escalation in cases of COVID-19 (coronavirus), we wish to re-affirm that Kensington Partners will continue to operate at full capacity and without disruption. We continue to service clients across the business, whilst ensuring the health and.....
1 April 2020
This morning, the Morrison Government announced a $17.6 billion economic stimulus package to support Australian businesses as we are dealing with the significant challenges posed by the spread of the coronavirus.   The package has four components: .....
1 April 2020
Eligible employers will be paid $1,500 per fortnight per eligible employee. Eligible employees will receive, at a minimum, $1,500 per fortnight, before tax, and employers are able to top-up the payment. Where employers participate in the scheme, their.....
1 April 2020
The Western Australian Government has announced measures to support small business during the coronavirus (COVID-19) pandemic. The small business relief includes: $17,500 grants for small businesses with a payroll between $1 million and $4 million. .....
10 June 2019
Car parking fees incurred in the course of producing assessable income are generally deductible, but special rules apply if the car is used by an employee to commute between home and work or the car is provided to the employee by the.....
10 June 2019
The ATO says that it recognises that most trusts are used appropriately and for legitimate purposes. It says it will continue to help those who make genuine mistakes or are uncertain about how the law applies to their circumstances. But even so, the ATO.....
10 June 2019
Operators in some Australian industries as well as select government entities are required by the ATO to lodge a taxable payments annual report (TPAR). The information provided in these reports provides the ATO with the information that allows it to identify.....
10 June 2019
When completing your tax return, you're entitled to claim deductions for some expenses, most of which are directly related to earning your income. To successfully claim a deduction for work-related expenses, it’s important that you must have spent the.....
7 February 2019
What type of pensions are there in the UK Defined Benefit (Company Final Salary Pension Schemes) Defined Contribution schemes (personal pensions like Legal & General, Standard Life) What is a Cash Equivalent Transfer Value (CETV) UK Defined benefits.....
7 February 2019
People who move jobs and migrated have unwittingly amassed billons in forgotten pensions. Britain is heading for a ‘lost pensions’ crisis with an increasingly mobile workforce predicated to create a £757bn trail in dormant pensions that could deprive.....
7 February 2019
There are many things to consider when deciding whether to transfer your UK pension funds to Australia or leave your funds in the UK. If you transfer funds to Australia: Tax advantage: you will have the flexibility of full access to your pension, when.....
7 February 2019
Did you know that you can increase and maximise your current entitlement to a UK State pension by making additional voluntary National Insurance contributions, even if you are not a UK national Due to recent legislation changes, if you have less than 10.....
20 December 2018
2019 is going to be a great and busy year for Kensington Partners and to kick off the year we have a wonderful announcement to make. We would like to welcome Colette Pieniazek to our group.  Colette is a UK Pensions Transfer Specialist and draws on her.....
4 December 2018
Going into new business with other people is exciting and can be extremely rewarding. A formal agreement can set the ground rules and stop owners getting caught out if things don’t quite go as well as planned. Whether your firm is structured as a.....
4 December 2018
Most businesses experience some form of tighter cash flow over December and January. If you find yourself in this situation and you think you may struggle to pay our fees on time, we have a number of options available, including an easy to establish.....
4 December 2018
Put simply a three-way forecast is a forecast of the three key financial statements in your business – the Profit and Loss, Balance Sheet and the Cash Flow Statement. Some of our business clients operate without any budgets, some will budget their Profit.....
4 December 2018
Were you aware that 60% of small businesses in Australia that experienced Cyber crime went out of business within six months Did you know that 95% of the reasons for Cyber-attacks were related to human error (eg clicking on malicious links in emails and.....
4 December 2018
Here’s a few interesting statistics: About 46% of Australians don’t have Wills or any form of Estate Planning – but 100% of people we talk to recognise its importance and say it is something they know they must do. Sadly, of the 54% who have.....
5 November 2018
Nuala Chau, one of our Accountants, has been leading Kensington Partners support of Operation Christmas Child for a number of years now and 2018 has been our biggest and best effort yet. The team has filled 92 shoeboxes (an average of 2 per employee!) with.....
5 November 2018
A small business loan can be invaluable when you’re establishing your business or when an unforeseen setback occurs, but you don’t want a loan to be short-term gain and long-term pain. Here are six common mistakes businesses should avoid when it comes to.....
5 November 2018
As the FBT year runs from 1 April to 31 March, the months of October to December marks the “third quarter” of the FBT year, and so here is an overview of the FBT elements that can attract the ATO’s attention. This can be a timely period for a.....
5 November 2018
The question of how much a person needs to have saved before confidently launching into their retirement years very much requires an individual answer. The more the better may seem to be an obvious response, but then again each one of us lucky enough to reach.....
5 November 2018
We’ve been having a lot of conversations of late with our start up and smaller business clients and the common issues they are facing are : Feeling time poor Feeling lonely and looking for a sounding board Not totally understanding the financial.....
3 October 2018
We talk to lots of business owners everyday and in almost every case their motivations are similar. They want to: grow the value of their business so that they can sell it for a sizable capital gain;or reduce their involvement in the business, run it.....
3 October 2018
It is not uncommon for professional people who provide services to set up a separate entity to run their business, be it a trust, partnership or incorporated company. The allure of course is the lower tax rate that these can secure, rather than at the top.....
3 October 2018
Say for example that we have already lodged your 2017-18 tax return and forwarded your notice of assessment to you saying that everything is as discussed, but you then realise that something has been left out of your return, or you accidentally included an.....
3 October 2018
Not so many years ago, the concept of raising funds via crowdfunding would more likely be seen as a way to fund community-based, local-issue or “help-your-neighbour” initiatives. But increasingly these days crowdfunding is viewed as a viable source of.....
4 September 2018
Investing in the stockmarket is a lot more common than it was years ago, with ordinary Australians having experience with shares and the stockmarket either directly or through managed funds or via their superannuation fund. Recent research conducted by the.....
4 September 2018
A recent change to the rules around superannuation means that more Australians may be eligible to claim a tax deduction for putting money into super. Before June 30, 2017, if more than 10% of your income was sourced from salary or wages from an employer,.....
4 September 2018
Most small business owners stay on top of their GST refunds, mainly because of cash flow concerns, but it’s not all that uncommon to now and then lose track of a credit. What quite a few small business owners may not know is that you have four years to.....
4 September 2018
If you know anything about the Personal Property Securities Act (PPSA), you’ll certainly know it is complex. Simon Read, founder of PPSAdvisory, is going to help us unravel the mystery of the PPSA and detail why it’s so critical you appreciate its.....
4 September 2018
The value of a good education is widely accepted, and it is a common experience over one’s working lifetime to find that further learning is required along the path of one’s chosen career. Changing technology and evolving workplaces means that at some.....
10 July 2018
Division 7A is an integrity measure that was designed to prevent companies from making tax-free distributions to shareholders or their associates. This can occur where distributions of profit are disguised as loans or other transactions. This effectively.....
10 July 2018
From 1 July 2018, there’s a change in legislation which is aimed at property developers who fail to remit their GST liability From this date the purchasers of new residential premises or potential residential land are required to withhold an amount of.....
10 July 2018
As a general guideline, the ATO will allow a deduction for certain insurance premiums if it can be shown that the insurance cover relates to earning assessable income. In other words, life insurance, trauma insurance or critical care insurance are generally.....
10 July 2018
Its only a minute into a conversation with Paul Ovens when his passion for helping change people’s lives shines through. Paul and his wife Vanessa run an incredibly successful essential oil distribution business through doTerra. Paul and Vanessa started.....
10 July 2018
It is highly recommended that you keep receipts for all expenses and possible tax deductions you are considering claiming for you or your business. It is also a good idea to scan and file them electronically so that they are accessible should you need them.....
10 July 2018
Before we sit down with you to go over your 2018 tax return, certain information will be needed. Of course these days pre-filling takes care of a lot of the “paperwork”, and if you wait until late-July or mid-August the ATO’s systems will most likely be.....
5 June 2018
There are many perks to working for yourself, but when it comes to applying for a home loan, it seems being your own boss sends up a red flag to banks and other lenders. Why A salaried employee has a regular, steady income and is less likely to experience the.....
5 June 2018
We are really proud to highlight High Grade Mechanical (High Grade) as our Client of the Month. Founded by Mark and Jennie Olszewski in 2011, High Grade provides mobile maintenance services to its mining and civil clients by offering highly skilled Diesel.....
5 June 2018
Most business owners we talk to want to make their business more profitable, increase the business value and reduce their exposure to risk. And most of them also tell us they are too busy working “in” the business rather than “on” the business. If.....
5 June 2018
To assist our clients to pay our fees and manage their cash flow, we have partnered with Quickfee. If you don’t have the cash to pay our invoice in full now and would like to pay it in instalments, by credit card or EFT over 3 to 12 months, choose the.....
5 June 2018
The Productivity Commission recently released a draft report on the Superannuation Industry and there were some really interesting findings we thought we’d share 10 million accounts - a third of all superannuation accounts are unintended multiple.....
10 May 2018
The item that may receive the most analysis from the whole of this year’s federal budget will be the increase of the 32.5% tax bracket, and an expansion of the Low Income Tax Offset. A win for small businesses in this year's budget sees the retention of.....
8 May 2018
A testamentary trust works in tandem with a will, and is similar to a discretionary trust, with the major difference being it only takes effect upon the death of the person who made the will. The trust can be funded by some or by all of your assets, and by.....
8 May 2018
It’s the newest threat to business and it’s gaining publicity for all the wrong reasons. Cyber crime is a real risk for any sized business across all industries. If your business doesn’t have insurance cover for cyber attacks, then you are at risk of.....
8 May 2018
What makes you unhappy at work  In conjunction with Vitil Human Resource Services, a Perth based, boutique HR specialist, we have been considering the work environment and how to engender greater engagement at work.  The Gallup Worldwide Employee.....
8 May 2018
The downsizer contributions measure was introduced by the Turnbull Government as part of the Government's broader housing affordability package to reduce pressure on housing affordability in Australia . This new super measure became law on 13 December.....
4 April 2018
Barclays Building Services (Barclays) is a construction business specialising in domestic and commercial insurance related work. Based in Gnangara and with a team of 33 servicing the whole of WA, the business was founded over 30 years ago by Bill and.....
3 April 2018
Items that you buy over the internet from an overseas source are generally required to abide by the same rules and screening processes that apply to any other “import”. Also the usual duties or taxes should apply. Customs duties are regulated by the.....
3 April 2018
Airbnb is one of many examples of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that usually operates an app or a website. Airbnb acts as this facilitator by allowing individuals, referred to as.....
3 April 2018
Life is hectic these days. Balancing our various responsibilities becomes an increasingly complex juggle. Maintaining the balance of effectiveness and wellbeing can be challenging. A retreat is a tactical withdrawal to renew, recharge and reflect. It's.....
3 April 2018
While bitcoin may be the most well-known cryptocurrency, there are nearly 1,500 in existence. In its simplest form, a cryptocurrency is a “peer-to-peer electronic cash system”, which means that the currency is not in a physical form like cash but sits in.....
3 April 2018
Donna and Peter had been clients of Kensington Partners for many years. Peter is an engineer in the oil and gas industry and is a high-income earner and historically the only service we have provided was their annual tax returns. A single meeting has.....
8 March 2018
Every investor goes in with dreams of a pot of gold, but there is a fundamental difference between investor types – one looks to line their pockets with investment returns along the way, and the other has the patience to wait until the end of the rainbow to.....
8 March 2018
Worried about your kids not mastering the skills to manage their finances as adults These tips for parents will help children develop good financial sense from a young age. Most parents want their children to achieve the Australian dream of home ownership......
8 March 2018
There might be something in the water at KP. Zelda Haines has recently returned to work from maternity leave after giving birth to Hudson in July last year and Quyen Sobot gave birth to Zelda in January 2018.  And Briana Bao is pregnant with her second child.....
8 March 2018
A married couple in their 40’s (Barry and Linda) running a very small business recently joined Kensington Partners as clients.  Our on boarding process with new clients involves us producing a Life Map, a comprehensive review of the client’s goals and.....
8 March 2018
Single Touch Payroll is a government initiative to streamline business reporting obligations, which is due to become compulsory from 1 July 2018. When a business pays its employees, the payroll information will be sent to the ATO via the business’s payroll.....
24 February 2018
For businesses with 20 or more employees, Single Touch Payroll reporting starts on 1 July 2018. Join us on Thursday April 5th at 7.30am to find out what this payroll change means to your business. We’ll also be joined by Michael Kerr, Senior Account.....
24 February 2018
Business Owners, are you looking to: Increase the Profit in your business Increase the Value of your business Reduce the risk in your business Then why not join us for breakfast on Wednesday March 28 at 7.30am and hear how Kensington.....
24 February 2018
Do you remember all those business and personal goals you committed to achieving on January 1, 2018 Are they now on the backburner now because life has got in the way Then join us for a two-hour breakfast session where we get 2018 Back on Track because.....
29 July 2020
It can be difficult to ensure you are getting the most out of your tax returns. At Kensington's, we recommend working with one of our experienced accountants to construct a tax plan which will encourage more strategic decisions and help maximise your returns this tax time.   Tax Planning.....
21 July 2020
Today the Federal Government provided an update to the future of the JobKeeper program. Important changes include the following:  The JobKeeper program will continue beyond the initial end date in September. It will now carry through until the end of March 2021.  A 30% turnover reduction.....
21 July 2020
Lodging your tax return as soon as you can this year is proving attractive to recoup potential refunds. However it’s important to consult a professional to assist you with the many COVID-19 changes for the past financial year. Review the below checklist before lodging to ensure you have all.....
23 April 2020
We are providing you with a checklist to ensure that you have ticked off all that is required to get your business JOBKEEPER READY. KEY DATES 20 April: JobKeeper enrolment opened 30 April: Business and employee enrolment closes for APRIL Monthly reporting: ATO will require monthly.....
2 April 2020
1. Understand your current financial position It’s essential to make informed decisions about your business based on your current financial position. Pending restrictions imposed by government, your ability to trade through this period, pay outstanding debts, keep employees or meet existing.....
1 April 2020
In addition to our previous communications over the past 2 weeks regarding the Federal Government’s stimulus packages, we attach for you a detailed analysis of the Second Economic Stimulus Package which passed through Parliament on Monday night. It is now law so we can rely upon the information.....
1 April 2020
In regards to our previous post explaining the Jobkeeper Payment, we are now encouraging clients to register their interest for the Jobkeeper payment if they qualify to register. If you believe you will qualify to receive the Jobkeeper Payment package announced yesterday, please log.....
1 April 2020
This morning, the Morrison Government announced a $17.6 billion economic stimulus package to support Australian businesses as we are dealing with the significant challenges posed by the spread of the coronavirus.   The package has four components: Household stimulus package Keeping.....
1 April 2020
The Western Australian Government has announced measures to support small business during the coronavirus (COVID-19) pandemic. The small business relief includes: $17,500 grants for small businesses with a payroll between $1 million and $4 million. The $1 million payroll tax threshold.....
10 June 2019
Car parking fees incurred in the course of producing assessable income are generally deductible, but special rules apply if the car is used by an employee to commute between home and work or the car is provided to the employee by the employer. Non-employees Self-employed persons, partnerships or.....
10 June 2019
The ATO says that it recognises that most trusts are used appropriately and for legitimate purposes. It says it will continue to help those who make genuine mistakes or are uncertain about how the law applies to their circumstances. But even so, the ATO has a number of “trust risk rules” in.....
10 June 2019
Operators in some Australian industries as well as select government entities are required by the ATO to lodge a taxable payments annual report (TPAR). The information provided in these reports provides the ATO with the information that allows it to identify contractors who have: not included.....
10 June 2019
When completing your tax return, you're entitled to claim deductions for some expenses, most of which are directly related to earning your income. To successfully claim a deduction for work-related expenses, it’s important that you must have spent the money yourself and weren't reimbursed, it.....
7 February 2019
What type of pensions are there in the UK Defined Benefit (Company Final Salary Pension Schemes) Defined Contribution schemes (personal pensions like Legal & General, Standard Life) What is a Cash Equivalent Transfer Value (CETV) UK Defined benefits schemes use an actuary to calculate.....
7 February 2019
People who move jobs and migrated have unwittingly amassed billons in forgotten pensions. Britain is heading for a ‘lost pensions’ crisis with an increasingly mobile workforce predicated to create a £757bn trail in dormant pensions that could deprive them of thousands of pounds in.....
7 February 2019
There are many things to consider when deciding whether to transfer your UK pension funds to Australia or leave your funds in the UK. If you transfer funds to Australia: Tax advantage: you will have the flexibility of full access to your pension, when you retire from age 60, giving you.....
7 February 2019
Did you know that you can increase and maximise your current entitlement to a UK State pension by making additional voluntary National Insurance contributions, even if you are not a UK national Due to recent legislation changes, if you have less than 10 complete UK Tax years of National.....
5 November 2018
As the FBT year runs from 1 April to 31 March, the months of October to December marks the “third quarter” of the FBT year, and so here is an overview of the FBT elements that can attract the ATO’s attention. This can be a timely period for a compliance check-up, so that employers who.....
3 October 2018
It is not uncommon for professional people who provide services to set up a separate entity to run their business, be it a trust, partnership or incorporated company. The allure of course is the lower tax rate that these can secure, rather than at the top marginal tax rate that an individual would.....
3 October 2018
Say for example that we have already lodged your 2017-18 tax return and forwarded your notice of assessment to you saying that everything is as discussed, but you then realise that something has been left out of your return, or you accidentally included an extra deduction or doubled one up......
3 October 2018
Not so many years ago, the concept of raising funds via crowdfunding would more likely be seen as a way to fund community-based, local-issue or “help-your-neighbour” initiatives. But increasingly these days crowdfunding is viewed as a viable source of seed capital, and is no longer regarded as.....
4 September 2018
A recent change to the rules around superannuation means that more Australians may be eligible to claim a tax deduction for putting money into super. Before June 30, 2017, if more than 10% of your income was sourced from salary or wages from an employer, you were rendered ineligible to claim any.....
4 September 2018
Most small business owners stay on top of their GST refunds, mainly because of cash flow concerns, but it’s not all that uncommon to now and then lose track of a credit. What quite a few small business owners may not know is that you have four years to claim any GST credit you’re entitled.....
4 September 2018
The value of a good education is widely accepted, and it is a common experience over one’s working lifetime to find that further learning is required along the path of one’s chosen career. Changing technology and evolving workplaces means that at some stage in every taxpayer’s life, an.....
10 July 2018
Division 7A is an integrity measure that was designed to prevent companies from making tax-free distributions to shareholders or their associates. This can occur where distributions of profit are disguised as loans or other transactions. This effectively allows the shareholder or their associate to.....
10 July 2018
From 1 July 2018, there’s a change in legislation which is aimed at property developers who fail to remit their GST liability From this date the purchasers of new residential premises or potential residential land are required to withhold an amount of the contract price and pay this directly.....
10 July 2018
It is highly recommended that you keep receipts for all expenses and possible tax deductions you are considering claiming for you or your business. It is also a good idea to scan and file them electronically so that they are accessible should you need them for audit purposes. If you haven’t.....
10 July 2018
Before we sit down with you to go over your 2018 tax return, certain information will be needed. Of course these days pre-filling takes care of a lot of the “paperwork”, and if you wait until late-July or mid-August the ATO’s systems will most likely be able to provide most of the information.....
10 May 2018
The item that may receive the most analysis from the whole of this year’s federal budget will be the increase of the 32.5% tax bracket, and an expansion of the Low Income Tax Offset. A win for small businesses in this year's budget sees the retention of the $20,000 instant asset write-off for.....
3 April 2018
Items that you buy over the internet from an overseas source are generally required to abide by the same rules and screening processes that apply to any other “import”. Also the usual duties or taxes should apply. Customs duties are regulated by the Department of Home Affairs (a recently.....
3 April 2018
Airbnb is one of many examples of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that usually operates an app or a website. Airbnb acts as this facilitator by allowing individuals, referred to as “hosts”, to rent out a room of their house.....
8 March 2018
Single Touch Payroll is a government initiative to streamline business reporting obligations, which is due to become compulsory from 1 July 2018. When a business pays its employees, the payroll information will be sent to the ATO via the business’s payroll software. Reporting under the Single.....
24 September 2020
Financial planning is a lifelong endeavour, and it is important to be putting in place the strategies that suit your lifestyle, but with one eye on the future. As you move through different life stages, your resources and risk tolerance will change. Saving for your retirement looks very different.....
22 May 2020
The case to be a new world leader has never been more evident in these recent times. In the past two months, it has become more obvious than ever before that we find that the leader of a business has a significant impact on how that business performs. The recent events with employees not.....
1 April 2020
The past few weeks have been full of challenges for us all. To date, our interactions with many of our clients indicate a mixture of outcomes. Some unfortunately have been forced into immediate shutdown whilst others have only been impacted slightly by these horrible events. The economic impact.....
1 April 2020
Eligible employers will be paid $1,500 per fortnight per eligible employee. Eligible employees will receive, at a minimum, $1,500 per fortnight, before tax, and employers are able to top-up the payment. Where employers participate in the scheme, their employees will receive this payment as.....
4 December 2018
Going into new business with other people is exciting and can be extremely rewarding. A formal agreement can set the ground rules and stop owners getting caught out if things don’t quite go as well as planned. Whether your firm is structured as a partnership or a company, you and your business.....
4 December 2018
Most businesses experience some form of tighter cash flow over December and January. If you find yourself in this situation and you think you may struggle to pay our fees on time, we have a number of options available, including an easy to establish instalment payment finance facility. If you.....
4 December 2018
Put simply a three-way forecast is a forecast of the three key financial statements in your business – the Profit and Loss, Balance Sheet and the Cash Flow Statement. Some of our business clients operate without any budgets, some will budget their Profit and Loss but very few will produce a.....
3 October 2018
We talk to lots of business owners everyday and in almost every case their motivations are similar. They want to: grow the value of their business so that they can sell it for a sizable capital gain;or reduce their involvement in the business, run it under management and enjoy the future.....
5 June 2018
To assist our clients to pay our fees and manage their cash flow, we have partnered with Quickfee. If you don’t have the cash to pay our invoice in full now and would like to pay it in instalments, by credit card or EFT over 3 to 12 months, choose the “Payment by Card” option on our.....
24 February 2018
For businesses with 20 or more employees, Single Touch Payroll reporting starts on 1 July 2018. Join us on Thursday April 5th at 7.30am to find out what this payroll change means to your business. We’ll also be joined by Michael Kerr, Senior Account Manager, Xero to discuss the latest.....
24 February 2018
Business Owners, are you looking to: Increase the Profit in your business Increase the Value of your business Reduce the risk in your business Then why not join us for breakfast on Wednesday March 28 at 7.30am and hear how Kensington Partners can help you  achieve those.....
24 February 2018
Do you remember all those business and personal goals you committed to achieving on January 1, 2018 Are they now on the backburner now because life has got in the way Then join us for a two-hour breakfast session where we get 2018 Back on Track because there’s still ten months of the year.....
24 September 2020
The COVID-19 pandemic has significantly impacted the superannuation savings of most Australians. Firstly, the economic downturn resulted in investment markets heading south. Asset values have fallen, so superannuation balances have fallen, impacting both people saving for retirement and current.....
24 September 2020
When it comes to making life changing decisions, most people take time to ensure they are well informed and advised. This same consideration should go into finding a great financial partner. It is essential to understand the services they offer and consider their track record and testimonials......
29 July 2020
At Kensington’s we understand that applying for government funding can be difficult to navigate. We have put together a list of our most frequently asked questions to explain the suitability and accessibility of current funding.   Are there any Incentives or Grants Available to Assist.....
1 April 2020
This is a short note to advise we are very aware of the announcements made today towards the business wage subsidy referred to as the Jobkeeper Payment. We have received an enormous volume of requests for information today regarding this announcement. Kensington Partners aims to provide you with.....
1 April 2020
We are all being impacted by these current events and as we understand more and more of the impact the Corona Virus is having across the world as well as the direct impact it is having on our local economy, the realisation for many is our businesses and livelihoods are under threat. Unprecedented.....
5 November 2018
A small business loan can be invaluable when you’re establishing your business or when an unforeseen setback occurs, but you don’t want a loan to be short-term gain and long-term pain. Here are six common mistakes businesses should avoid when it comes to commercial finance. Mistake #1: Not.....
5 June 2018
There are many perks to working for yourself, but when it comes to applying for a home loan, it seems being your own boss sends up a red flag to banks and other lenders. Why A salaried employee has a regular, steady income and is less likely to experience the cash flow volatility of a small.....
8 March 2018
Worried about your kids not mastering the skills to manage their finances as adults These tips for parents will help children develop good financial sense from a young age. Most parents want their children to achieve the Australian dream of home ownership. The good news is that parents can.....
4 December 2018
Were you aware that 60% of small businesses in Australia that experienced Cyber crime went out of business within six months Did you know that 95% of the reasons for Cyber-attacks were related to human error (eg clicking on malicious links in emails and websites, having weak passwords,.....
4 September 2018
If you know anything about the Personal Property Securities Act (PPSA), you’ll certainly know it is complex. Simon Read, founder of PPSAdvisory, is going to help us unravel the mystery of the PPSA and detail why it’s so critical you appreciate its application for your business. It’s a.....
8 May 2018
It’s the newest threat to business and it’s gaining publicity for all the wrong reasons. Cyber crime is a real risk for any sized business across all industries. If your business doesn’t have insurance cover for cyber attacks, then you are at risk of loss and damages that could cripple your.....
29 July 2020
The state government recently approved a new law to help commercial tenants and landlords better reach agreements about renting during the COVID-19 pandemic. The law was introduced in two parts: Commercial tenancies (COVID-19 response) Act 2020, (21st April 2020) WA code of conduct (29th May.....
20 December 2018
2019 is going to be a great and busy year for Kensington Partners and to kick off the year we have a wonderful announcement to make. We would like to welcome Colette Pieniazek to our group.  Colette is a UK Pensions Transfer Specialist and draws on her extensive knowledge of the working of.....
5 November 2018
Nuala Chau, one of our Accountants, has been leading Kensington Partners support of Operation Christmas Child for a number of years now and 2018 has been our biggest and best effort yet. The team has filled 92 shoeboxes (an average of 2 per employee!) with a range of fun and practical items for.....
10 July 2018
Its only a minute into a conversation with Paul Ovens when his passion for helping change people’s lives shines through. Paul and his wife Vanessa run an incredibly successful essential oil distribution business through doTerra. Paul and Vanessa started in the business in early 2014 and the.....
5 June 2018
We are really proud to highlight High Grade Mechanical (High Grade) as our Client of the Month. Founded by Mark and Jennie Olszewski in 2011, High Grade provides mobile maintenance services to its mining and civil clients by offering highly skilled Diesel Mechanics and Auto Electricians on a.....
4 April 2018
Barclays Building Services (Barclays) is a construction business specialising in domestic and commercial insurance related work. Based in Gnangara and with a team of 33 servicing the whole of WA, the business was founded over 30 years ago by Bill and Michele Barclay, it is now led by their son.....
8 March 2018
There might be something in the water at KP. Zelda Haines has recently returned to work from maternity leave after giving birth to Hudson in July last year and Quyen Sobot gave birth to Zelda in January 2018.  And Briana Bao is pregnant with her second child and is due to give birth in.....
1 April 2020
Following the escalation in cases of COVID-19 (coronavirus), we wish to re-affirm that Kensington Partners will continue to operate at full capacity and without disruption. We continue to service clients across the business, whilst ensuring the health and well-being of our staff. In response to.....
5 November 2018
We’ve been having a lot of conversations of late with our start up and smaller business clients and the common issues they are facing are : Feeling time poor Feeling lonely and looking for a sounding board Not totally understanding the financial side of the business- particularly cash.....
5 June 2018
Most business owners we talk to want to make their business more profitable, increase the business value and reduce their exposure to risk. And most of them also tell us they are too busy working “in” the business rather than “on” the business. If this sounds like you, maybe you should.....
8 May 2018
What makes you unhappy at work  In conjunction with Vitil Human Resource Services, a Perth based, boutique HR specialist, we have been considering the work environment and how to engender greater engagement at work.  The Gallup Worldwide Employee Engagement survey says ‘results have barely.....
3 April 2018
Life is hectic these days. Balancing our various responsibilities becomes an increasingly complex juggle. Maintaining the balance of effectiveness and wellbeing can be challenging. A retreat is a tactical withdrawal to renew, recharge and reflect. It's different from a holiday purely for.....
3 April 2018
Donna and Peter had been clients of Kensington Partners for many years. Peter is an engineer in the oil and gas industry and is a high-income earner and historically the only service we have provided was their annual tax returns. A single meeting has transformed our relationship and set Donna and.....
4 December 2018
Here’s a few interesting statistics: About 46% of Australians don’t have Wills or any form of Estate Planning – but 100% of people we talk to recognise its importance and say it is something they know they must do. Sadly, of the 54% who have Wills about half of those Wills are.....
5 November 2018
The question of how much a person needs to have saved before confidently launching into their retirement years very much requires an individual answer. The more the better may seem to be an obvious response, but then again each one of us lucky enough to reach the brink of those golden years will.....
4 September 2018
Investing in the stockmarket is a lot more common than it was years ago, with ordinary Australians having experience with shares and the stockmarket either directly or through managed funds or via their superannuation fund. Recent research conducted by the Australian Securities Exchange (ASX).....
10 July 2018
As a general guideline, the ATO will allow a deduction for certain insurance premiums if it can be shown that the insurance cover relates to earning assessable income. In other words, life insurance, trauma insurance or critical care insurance are generally out. Income protection insurance is one.....
5 June 2018
The Productivity Commission recently released a draft report on the Superannuation Industry and there were some really interesting findings we thought we’d share 10 million accounts - a third of all superannuation accounts are unintended multiple accounts resulting from people changing jobs.....
8 May 2018
A testamentary trust works in tandem with a will, and is similar to a discretionary trust, with the major difference being it only takes effect upon the death of the person who made the will. The trust can be funded by some or by all of your assets, and by payments derived as a consequence of.....
8 May 2018
The downsizer contributions measure was introduced by the Turnbull Government as part of the Government's broader housing affordability package to reduce pressure on housing affordability in Australia . This new super measure became law on 13 December 2017. This new super measure will allow an.....
3 April 2018
While bitcoin may be the most well-known cryptocurrency, there are nearly 1,500 in existence. In its simplest form, a cryptocurrency is a “peer-to-peer electronic cash system”, which means that the currency is not in a physical form like cash but sits in an electronic register. What makes.....
8 March 2018
Every investor goes in with dreams of a pot of gold, but there is a fundamental difference between investor types – one looks to line their pockets with investment returns along the way, and the other has the patience to wait until the end of the rainbow to reap the rewards. The distinction.....
8 March 2018
A married couple in their 40’s (Barry and Linda) running a very small business recently joined Kensington Partners as clients.  Our on boarding process with new clients involves us producing a Life Map, a comprehensive review of the client’s goals and dreams, their income, wealth and risk.....
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