5 things to do before 2016 ends
Helen Ruddy • November 28, 2016
As the end of 2016 fast approaches, there’s a few things to remember to get your business, and your family, on track and ready to start 2017 on the front foot.
- BAS extension
Remember the Australian Taxation Office (ATO) gives you a little bit more time to lodge and pay your quarterly business activity statement. So take your time to get that second quarter BAS right. It’s due on 28 February. - Budget for back-to-school
Consider your January expenses before you blow out in December. Checking out the school and classroom supply list and first term school fees now, will give you an idea of what you’re in for come January. Look out for back-to-school specials or coupons. - Celebrate the silly season
The festive season is all about spending time with friends and family. It’s a time for fun, not regret. So remember it’s not about how many presents you buy or buying the most expensive gift. One of the best ways to enjoy the time off is to live within your means and look for creative (not expensive) ways to celebrate. - Paying off your degree
Until 31 December 2016, the ATO are offering a 5% bonus if you make a voluntary Higher Education Loan Program (HELP) repayment of $500 or more. If your HELP debt balance is less than $500 and you make a voluntary repayment to payout the debt, you will get a 5% bonus. - Reward your team and your customers
Christmas is a time for caring and sharing, so take some time to thank your team. Celebrating the year-end with your employees is a great team building exercise. A happy team can really improve your bottom line. Don’t forget your clients or customers either, even the simplest of gestures like a hand written card or a phone call is a nice way to let them know you appreciate them.
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After an incredible career dedicated to supporting regional businesses, farming families and rural communities, BMO Business Centre Partner Adrian Rasmussen will officially retire from the partnership effective 30 June 2026. For many across the Western Downs and beyond, Adrian has been far more than an accountant or advisor. Over decades in business, he has built trusted relationships grounded in honesty, loyalty and a genuine understanding of regional life and the people who live it. Adrian’s connection to the country and agriculture has always been at the heart of who he is. He has worked alongside generations of farming families and business owners through seasons of growth, challenge and change, becoming a steady and respected presence for clients, colleagues and the wider community alike. Reflecting on his time at BMO, Adrian said the relationships formed throughout his career have been among the most rewarding parts of the journey. “It has been a privilege to work with so many wonderful people over the years; not only clients, but colleagues and communities who have become lifelong friends,” Adrian said. “Regional communities are built on relationships, trust and supporting one another, and I’m incredibly grateful to have been part of that throughout my career.” BMO Business Centre Managing Partners Kelvin Tyler and Michelle McVeigh said Adrian’s contribution to both the business and the region would leave a lasting legacy. “Adrian has played an incredibly important role in shaping BMO into the business it is today,” they said. “His care for clients, commitment to regional communities and calm, practical approach have earned enormous respect across our industry and the communities we serve. While we will certainly miss having him in the office, we are excited for Adrian and his family as they enter this next chapter.” While stepping away from the partnership, Adrian is looking forward to spending more time with family, on the farm and enjoying a well-earned change of pace after many years dedicated to supporting others. Everyone at BMO Business Centre extends their sincere thanks to Adrian for his years of service, friendship and leadership, and wishes Adrian and his family all the very best for the future.
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