Capitol Group Advisers - Accounting and Financial Planning

Providing customised tax and accounting solutions to businesses and individuals.

A personal, conservative approach to helping you build, manage and protect your wealth.

We see our role as a long term partner managing your financial future.

Capitol Group comprises two specialist financial divisions - Capitol Group Advisers and Capitol Group Wealth.

At Capitol Group we adopt a comprehensive approach to the management of your financial affairs to achieve successful solutions that help you build, manage and protect your wealth. We provide high quality services and customised advice, including:

Accounting & taxation
Business planning
Investment portfolio advice & management
Superannuation including self-managed superannuation funds
Specialist financial advisory services
Retirement planning
Personal life, income protection, TPD & trauma insurance

It’s never too early to start planning your financial future - Contact us and discover how

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News articles

Last minute tax planning

The end of the financial year is almost here, but there are still strategies you can employ to make sure you pay the right amount of tax and maximise any refund entitlement. Proper tax planning is more than just sourcing bigger and better deductions. The best tips involve assessing your circumstances and planning your associated income and deductions. Read more

Rental property claims & COVID

Many residential rental property owners have had their rental income affected by COVID-19. As a result of this income year not being business as usual, the ATO has provided answers to some typical scenarios that may crop up in this area for tax time.

Click to Q&A's

Developing property in SMSF

There has been an increase in the number of SMSF trustees entering into arrangements involving buying and then developing property that is subsequently sold or leased. SMSF trustees should be aware that the ATO is taking an active interest in this activity and has provided some guidance.

Have you been forced to work from home over the COVID-19 period? Get the facts on what can and can’t be claimed, and how to calculate these. Or you have concerns about any consequent CGT issues when later selling a property from which people have been coerced to work from during this time.

We answer your questions

Changed bankruptcy laws

Temporary changes to bankruptcy law have been made to protect people who are facing unmanageable debt as a result of COVID-19. If you are in financial difficulty, application can be made for temporary debt protection, preventing recovery action by unsecured creditors, for six months.

We explain

Early release of super

To help deal with the adverse economic effects of COVID-19 the government is allowing the early release of superannuation for individuals, and a temporary reduction in minimum pension drawdown rates for retirees. However, many economists say taking money out early should be done only as a last resort.

Here’s what you should know.

Instant asset write off & accelerated depreciation

While many of the COVID-19 payment-related stimulus changes have dominated the deadlines, it’s important that business don’t overlook the significance of the $150,000 instant asset write off provisions.

From 1 July 2020, the instant asset write-off threshold will revert to its original level of $1,000 (unless legislative changes are made in the meantime) and will only be applicable for businesses with an aggregated turnover of less than $10 million.

Borrowing for Immediate Cash Flow Needs

The Government, Reserve Bank and APRA have introduced a Coronavirus small to medium enterprises (SME) Guarantee Scheme which will provide a guarantee of 50% to SME lenders to support new short-term unsecured loans to SMEs. The Scheme will guarantee up to $40 billion of new lending, and provide businesses across the economy who are facing significant challenges due to disrupted cash flow to meet existing obligations.

Download the Fact Sheet - Supporting the Flow of Credit

Download Fact Sheet

Expatriates: Part-year resident or non-resident for tax purposes?

What happens from a tax point of view if you left Australia part-way through the income year?

Primarily it depends on whether you ceased to be a “resident of Australia” at the time you left, the precise facts and your intentions.

Read on

JobKeeper Fact Sheets

For Employers

Impacted businesses will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months.

Download the Fact Sheet for details on how employers can register and employee eligibility.

Download Fact Sheet - Employers

For Employees

Your employer will notify you if they are claiming the JobKeeper Payment on your behalf.

Download the Fact Sheet which explains how the newly announced JobKeeper Payment will work for employees - what are your obligations, who is eligible and how will employees receive the payments.

Download Fact Sheet - Employees

Your business & JobKeeper

There has been much discussion in the media about the JobKeeper Payment scheme, which is intended to support businesses that are financially affected by COVID-19 to help keep their staff employed. So how does it work, what’s the eligibility criteria and how do you enrol?

We explain

Useful client resources

2019-20 Lodgement Rates and Thresholds Guide Download

Check out our News section for the latest updates Latest News

CONNECT Financial Planning News

INSIDE THIS EDITION - WINTER 2020:

- Economic Update. What could happen for the rest of 2020 & beyond, and what could the new "normal" look like?

- The value of financial advice. It's NOT all about money. It's about obtaining expert guidance giving you the confidence to reach your goals sooner.

- Take control of your finances post-divorce: We explain the things you can do.

- The electric car evolution - EV's are set to grow in popularity. We outline the benefits.

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