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COVID-19
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- $1,500 JobKeeper Subsidy to Keep Staff Employed
- Stimulus Summary
- APPLICATIONS NOW OPEN: QLD COVID-19 Jobs Support Loans
- UPDATE: Coronavirus QLD Payroll Tax Relief
- COVID-19 Changes - Hospitality Industry (General) Award 2010
- COVID-19 Small Business Relief
- The Second $66.1bn Stimulus Package: What You Need To Know
- Queensland Payroll Tax Support For Businesses Affected By COVID-19
- A message from PT regarding COVID-19
- The Stimulus Package: What You Need To Know
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News
- First Home Loan Deposit Scheme (New Homes)
- Budget 2020-2021 Update
- Lachlan Hughes Foundation - Maranoa Grazier Awarded Inaugural Scholarship
- New Gift Card Laws from 1st November 2019
- Small Business Digital Grants Program 2018
- Taxation of Cryptocurrencies - What You Need to Know
- Power Tynan wins prestigious industry awards
- Power Tynan receives national recognition for scholarship program
- Young accountants and the future of our profession
- Charitable Trust supports Stanthorpe Hospital Initiative
- Power Tynan Recognised at Australian Accounting Awards
- Power Tynan Announces Appointment of New Directors
- Local accountants boost Rosie’s Street Outreach
- Power Tynan kick off Homeless for a Week Appeal
- Nixie touches number-crunchers' hearts
- Celebrating the new year
- Toowoomba accountants take national community award
- First-hand experience in Flying Doctor donation
- Toowoomba girl’s career on the money
- Donation helps homeless youth to a happier Christmas
- Hairy accountants raise $7,000 for Movember
- CareFlight lifted by Power Tynan donation
- Power Tynan charity supports youth in need
- Funding boost for Toowoomba Hospice
- Celebrating growth at Power Tynan
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Newsletters
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Powerline - Summer 2020
- My Say with Dan Beck
- Employee Assistance Program
- PT Business Learning Suite
- Donation to Lachlan Hughes Foundation
- HomeBuilder Grant – Extension Announced!
- Tax deductions for investing in your business
- Market Update with Stan Moffatt
- QLD Stamp Duty Exemptions Available for Small Business Restructures
- Team Anniversaries - Summer 2020
- Donation to Murdoch Children’s Research Institute
- Refunds for Tax Losses
- Staff Spotlight - Summer 2020
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Powerline - Winter 2020
- My Say with Paul Hilton
- EOFY Equipment Finance Needs: Our Finance & Leasing Team Are Here To Help!
- 1 July Changes: What You Need to Know
- HomeBuilder Scheme Announced
- Market Update with Stan Moffatt
- Have casual workers been granted annual leave?
- Team Anniversaries
- 1 July Company Tax Rate Reduction
- Audit Shield: Now Covering JobKeeper Audits & Reviews
- SMSF Audits after COVID-19
- Client Corner - Better Movement Clinic
- Getting past the "you don't know, what you don't know" barrier
- Staff Spotlight
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Powerline - Summer 2019
- My Say with Amanda Kenafake
- Acacia EAP – Employee Assistance Program
- ATO Returning Money from Inactive Super Accounts
- No More AUSKeys from 31 March 2020
- Concessional Loan Scheme for Drought-Hit Small Businesses
- 5 Things that will Make or Break your Business’s Christmas
- Drought Community Support Initiative
- New Gift Card Laws from 1st November 2019
- Granite Belt Drought Assist
- Christmas Eve Part-Day Public Holiday
- Bushfire Relief from ATO Obligations
- Staff Spotlight
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Powerline - Spring 2019
- My Say with Paul Hilton - Spring 2019
- Acacia EAP – Employee Assistance Program
- Wings4Kidz
- Australian Government On-Farm Emergency Water Infrastructure Rebate
- Charitable Trust Supports Local Cancer Initiative
- Superannuation Guarantee Amnesty
- PT Pyjama Party
- Personal Leave for Part-Time Employees
- Changes to Farm Household Allowance
- Client Corner – AgBiTech
- Charitable Trust Supports Local Youth
- What is the new Banking Code of Practice?
- Staff Spotlight - Spring 2019
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Powerline - Summer 2018
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Powerline - Our 100th Edition
- My Say with Gilda Brisotto
- Helping Hope Horizons
- Client Corner – Carnarvon Funeral Services
- ATO Targeting Travel Allowances
- Charitable Trust Supports Granite Belt Support Services
- Team Anniversaries
- Introducing PT 2.0
- Charitable Trust Donates to Hummingbird House
- Taxation of Cryptocurrencies - What You Need to Know
- Power Tynan - Your Small Business Specialist
- Empowered Business Growth Program
- Staff Spotlight
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Powerline - Autumn 2018
- My Say with Brad Hancock
- Charitable Trust’s Top Donation
- Single Touch Payroll – are you ready?
- Client Corner – Crisp’s Coaches
- Charitable Trust – Donation Tap Points
- Xero Heroes: Platinum Partner
- Year End Planning – Super Strategies to Start Now
- Team Anniversaries - Autumn 2018
- Digital Document Delivery – Send and Receive Documents Online
- Staff Spotlight - Autumn 2018
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Powerline - Summer 2017
- My Say with Sharon Baldwin
- Charitable Trust supports Share the Dignity
- Houses really are SUPER
- Client Corner - Withcott Seedlings
- Small Business Superannuation Clearing House joining ATO online services
- Team Anniversaries - Summer 2017
- Changes to Depreciating Asset and Travel Deductions
- Staff Spotlight - Summer 2017
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Powerline - Spring 2017
- My Say with Amanda Kenafake
- Paul Hilton's New Role at Power Tynan
- Charitable Trust Creating Brighter Futures
- Introducing Magnify Wealth
- Charitable Trust Supports Local School Initiative
- Client Corner - Powercat
- Charitable Trust Making Wishes Come True
- Business Excellence Awards
- Thank you for supporting Homeless for a Night!
- Staff Spotlight - Spring 2017
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Powerline - Winter 2017
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Powerline - Autumn 2017
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Powerline - Summer 2016
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Powerline - Spring 2016
- My Say with Gilda Brisotto
- Charitable Trust Lighting the Night for Leukaemia Foundation
- Staff Anniversaries - Spring 2016
- Deceased Estates: Things You Need to Know
- Client Corner – Licensing for Accountants
- How to Effectively Improve Your Profit
- Charitable Trust celebrates 20 Years of Toowoomba Clubhouse
- Online Payment Gateway Now Available!
- Staff Spotlight - Spring 2016
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Powerline - Winter 2016
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Powerline - Autumn 2016
- My Say with Sharon Baldwin
- Charitable Trust supports cause close to home
- NBN in Rural Areas
- Staff Anniversaries - Autumn 2016
- Changing House: Changing Loan
- Client Corner - Best Wilson Buckley Family Law
- Charitable Trust supports Mater Little Miracles
- Accountancy Insurance
- Staff Spotlight - Autumn 2016
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Powerline - Spring 2015
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Powerline - Summer 2015
- My Say - Christmas Special with Paul Hilton
- Charitable Trust boosts Rosie's Street Outreach
- Do you have sufficient assets to fund your lifestyle in retirement?
- Staff Anniversaries - Summer 2015
- Client Corner - Sharpe Workplace Solutions
- Charitable Trust supports Stanthorpe Hospital Initiative
- Staff Spotlight - Summer 2015
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Powerline - Winter 2015
- My Say with Paul Hilton
- Staff Anniversaries - Winter 2015
- Client Corner - Street Art Wheels
- Making a Splash with a Dash of Cash
- Changes to Toowoomba Client Parking
- Vale Jean Harslett
- Power Tynan Charitable Trust - Donation to RSPCA
- Unleashed - Introduction to Just-In-Time Inventory
- Staff Spotlight - Winter 2015
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Powerline - Autumn 2015
- My Say with Philip Saal
- Toowoomba accountants take national community award
- First-hand experience in Flying Doctor donation
- Staff Anniversaries - Autumn 2015
- Donation helps homeless youth to a happier Christmas
- Honour for our latest graduate
- Client Corner – Pink Poppies
- Staff Spotlight - Autumn 2015
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Powerline - Summer 2014
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Powerline - Spring 2014
- My Say with Justin Still
- Celebrating Growth at Power Tynan
- Power Tynan joins TSBE's growing Platinum Member base
- Power Tynan Charitable Trust
- Staff Member Anniversaries
- Lachlan & Anna Hughes – MLA Challenge
- Power Tynan – Accounting Software Support List
- Power Tynan celebrates new scholarship graduate
- Client Corner – Greg & Sally Parr
- Toowoomba Hospice - Hang Ya Boss Out to Dry
- Staff Spotlight - Spring 2014
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Powerline - Winter 2014
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Powerline - Summer 2013
- My Say with Philip Saal
- How long does it take to earn the price of a beer?
- How will my staff affect my succession plan?
- SMSF & Borrowing – Understanding the Risks
- When can I access my SMSF?
- Why 2014 is the time to invest into residential property in South East Queensland
- Loan Scams
- Client Corner – Rudd’s Pub
- Tax Tidbits
- Staff Spotlight – Summer 2013
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Powerline - Spring 2015
Powerline - Spring 2015
My Say with Amanda Kenafake
As you know, we change a lot at Power Tynan; however there are some things that never change. Whilst we have restructured our business, our core advisers of Paul Hilton (CEO), Sharon Baldwin, Gilda Brisotto, Brad Hancock, Kymberlee Naumann, Dan Cuthbert, Ben Twidale, Peter Rowe, myself and the team are constantly striving to ensure that you receive the advice and information you need.
As the world continues to change, you and your business would have experienced some impact from changes to legislation, which seems to be updated constantly. The financial world is no different, with a number of us currently completing our Diploma of Financial Planning in order to not only comply with legislation, but also to provide you with well rounded advice. We will be able to better advise you on all aspects of both business and personal financial matters, where we can either assist or point you in the right direction.
We have also been working with our in-house process engineer to review the way we do things, to ensure all of our processes are utilising the latest technology efficiently and providing us with true productivity gains. Before changing any process, you must answer YES to two questions - is this saving us time somewhere, and is it improving on what we currently do.
Within the next couple of months, Power Tynan will be putting together a series of workshops. These will cover not only the legislative changes within the industrial relations area and how to comply with these, but also how to ensure that your business is operating efficiently and how to engage staff across the organisation in order to make the necessary changes. Keep an eye out for your invitation!
As most of you will be aware, the Power Tynan Charitable Trust makes regular donations to charities within our community. Whilst our staff have been contributing to the Trust via Casual Fridays, monthly staff lunches and regular social functions, we wanted to show our support in more ways than handing over money, with our staff now volunteering at local organisations. If you would like to donate to the Charitable Trust, or would like to nominate a charity to receive support from the Trust, please contact our office or visit the Community section of our website.
We look forward to speaking with you over the coming months as the countdown to Christmas commences!
Power Tynan Adopts a Room
The Power Tynan Charitable Trust recently donated $3,500 to the Toowoomba Hospice in support of the Adopt a Room program.
The Toowoomba Hospice provides accommodation for up to six people when in their final stages of life, and is designed to provide a home-like atmosphere for clients, their family and friends.
Management and staff of Power Tynan have been strong supporters of the Hospice since it opened in 2003, with our CEO Paul Hilton involved in the initial stages of planning for the facility.
The Adopt a Room program is one of many annual fundraisers for the Toowoomba Hospice, providing financial assistance to maintain client facilities and to provide professional palliative care. The money donated via the Adopt a Room program goes towards the upkeep of the specific room adopted – this may include fresh paint, linen, clinical consumables, professional cleaning and nursing care.
People wishing to donate to or learn more about the Toowoomba Hospice can contact their office on 07 4659 8500 or go to the web site www.toowoombahospice.org.aufor more information.
Staff Anniversaries - Spring 2015
This quarter we celebrated the Power Tynan anniversaries of Nicole Rametta and Morena Howard, both of our Stanthorpe office, who have been with the firm for five years and fifteen years respectively.
Nicole Rametta
Date & Place of Birth
13th April in Brisbane
Education
Bachelor of Commerce (Distinction) majoring in Accounting (USQ)
CPA Qualified
Hobbies & Interests
Sketching, painting, photography, reading and my boys
When did you start working at Power Tynan?
23rd August 2010
Why did you apply for a job at Power Tynan?
I had my own bookkeeping business and crossed paths on occasion with Power Tynan as a representative of my clients. I put in my resume with the hope that I might get a position in the firm.
Why do you enjoy working at Power Tynan?
Mainly the people I work with, but also the variety of work and range of clients.
Morena Howard
Date & Place of Birth
22nd March, Brisbane
Education
I have completed all my schooling in Stanthorpe. My senior year was completed at Stanthorpe State High School.
Hobbies & Interests
I enjoy keeping fit, with jogging, cycling, hiking and going to the gym. My hobbies are reading, music, dancing & travelling.
When did you start working at Power Tynan?
4th September 2000
Why did you apply for a job at Power Tynan?
I did not apply, I was approached by Steve Kay to be his personal assistant.
Why do you enjoy working at Power Tynan?
I enjoy working at Power Tynan because of the people within the company, the work ethics and great team work. I have worked in different departments within the company and learnt many things over the past 15 years. I have been fortunate to have worked with many interesting people. I look forward to the challenges ahead and learning more from them.
Client Corner – Herron Todd White
Each quarter we interview one of our clients to get an insight into their business. This issue we spoke to Ian Douglas of Herron Todd White.
When did your business commence?
Herron Todd White started in 1968 in Rockhampton, expanding over the past 47 years to now boast 65 offices nationwide, the largest valuation firm in Australia. There has been an office in Toowoomba since 1985.
What does your business do?
We provide independent property valuations across the local area from the Lockyer Valley in the east, west to the Northern Territory border, south into northern New South Wales and north to the South Burnett region. Our major client base is the banking industry and we are proud of having our valuation reports accepted by all of the major financial institutions. We have experienced valuers in all areas of property: Residential, Rural and Commercial as well as Quantity Surveyors.
What can we do for you?
Valuations
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Mortgage security
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Pre-purchase and pre-sale
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Retrospective assessments
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Rental assessments and determinations
Accounting
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Transfers / Stamp Duty valuations
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Self-Managed Superannuation Fund Valuations
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Rental assessment
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Tax depreciation schedules
Legal
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Family law
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Compulsory acquisition & compensation
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Expert witness
Due Diligence
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Asset risk analysis
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Highest and best use assessment
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Feasibility analysis
What makes your business successful?
A great team of people who believe in delivering totally independent, professional advice to assist our clients with making informed property decisions. We believe in developing our team from within, with our ongoing cadet/trainee programs being a key ingredient to our business success.
What has been your biggest achievement to date?
We have had a number of our staff receive national awards at our annual staff conferences, which is a fantastic result and shows the skills of our staff within a large national firm.
What is one piece of advice you would give to someone starting up a business?
Seek advice from your accountant, solicitor and other advisors, try to make realistic plans and, when required, make hard decisions.
Power Tynan kicks off Homeless for a Week Appeal
In recent months, temperatures across the Darling Downs have plummeted, with certain regions even experiencing snow!
Imagine trying to survive this weather without a roof over your head, or with limited access to warm food and clothing. Sadly, this is the harsh reality for many people living within Toowoomba.
When Power Tynan heard of the BASE Services’ Homeless for a Week Appeal, it was the perfect opportunity to help those in need. To kick off this campaign, our Charitable Trust recently presented Tiffany Spary from BASE Services with a $2,500 cheque.
"We really appreciate this generous donation," said Tiffany. "It will greatly assist us to provide those in need with not only a meal, but access to outreach support services such as the Department of Human Services, Oz Care Health Clinic and a Legal Clinic.”
The funds donated by the Trust will be used to operate the BASE Soup Kitchen.
"We see 30 to 40 people most days, including men and women, individuals and families of all ages who are homeless or at high risk of homelessness," said Tiffany.
"The Soup Kitchen is vital for those doing it tough in Toowoomba, as it is often the only meal that person will eat for the day and the only place where they are able to feel accepted and have a chat.”
The Power Tynan Charitable Trust has donated more than $100,000 to regional charities over the past four years, and is open to the firm's staff, clients and all members of the public to contribute funds.
Paul Best, a member of our Charitable Trust committee, said staff at the firm vote to select the charities the Trust will support.
"When our staff heard that the Soup Kitchen was losing its major funding, there was overwhelming support for the campaign,” he said. “We are also looking forward to volunteering at the Soup Kitchen in the upcoming weeks.”

Maximise your Rental Property Claims
When it comes to investment properties, a lot of people forget that you can claim for the depreciation of the property. The increase in the value is in fact the increase in the land, not the house itself. The ATO has made a provision to allow for claiming the depreciation of the house, however the process is quite complex. The process can be simplified by engaging a quantity surveyor, as they will inspect the house and prepare a report stating how much the house is likely to depreciate each year depending on such factors as the construction materials used, including the frames and windows etc. Please contact our office if you would like a referral to a quantity surveyor.
Essentially you are able to depreciate a house over 40 years, so if you purchase a house that is 10 years old you can only claim depreciation on the property for the remaining 30 years. A good quantity surveyor will find ways for owners to claim at least some depreciation on an older property, and you can also claim depreciation on improvements to the property. The surveyor can revise the initial report for renovations to ensure that you can claim these over a number of years as well.
Owners of investment properties are entitled to expenses incurred in connection with the investment. Expenses fall into two categories - those that you can claim in the year they occurred, and those that you must deduct over a number of years.
Expenses that you can claim in the year they occur
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Repairs and Maintenance - there are a number of rules surrounding what is considered capital versus non-capital repairs, and these rules are based around the materials used and if there is a renewal or replacement. Essentially a non-capital repair is to correct a defective or worn out area of the house, or to return a deteriorated area to its former condition.
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Telephone, Stationery and Postal Expenses
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Management Fees to Real Estate Agents
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Body Corporate Fees
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Legal costs in regards to leases
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Travel Expenses - to inspect the property, collect rent, show prospective tenants through the property, to carry out repairs or visiting the real estate agent
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Rates, Water Rates and Land Tax
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Insurance Premiums
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Advertising for tenants
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Cleaning (including rubbish removal)
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Gardening and Mowing
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Electricity and Gas
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Bookkeeping or Accounting Fees
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Bank charges on the account used to receive rental income and pay expenses (if you keep a separate account)
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Pest Control
Expenses that you can deduct over a number of years
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Borrowing expenses associated with borrowing the money and setting up the loan for the purchase of the investment property
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Capital Assets (such as dishwashers and hot water systems) but also for capital works deductions (such as a replacement kitchen)
Staff Spotlight - Spring 2015
EOFY Celebrations
The theme for Power Tynan’s annual June 30 celebrations was “Around the World”.
It was great to see everybody taking part in the fun and we had a variety of costumes on the day, ranging from Cowboys and Indians to penguins and Blinky Bill!
Staff in each office were asked to place their votes for Best Dressed. In Toowoomba, our winner was Paul Best the Leprechaun, and Toni Jackson took out the award in Stanthorpe as Miss Brazil.
Stanthorpe Snow
Our Stanthorpe staff were lucky enough to experience a Winter Wonderland in July! While Toowoomba still had the freezing cold weather, we missed out on the lovely snow.
Toowoomba Hospice - Hang Ya Boss Out to Dry & Annual Race Day
On a cold and miserable August morning, our Executive Director Amanda Kenafake participated in the Hang Ya Boss Out to Dry fundraiser for the Toowoomba Hospice, raising over $2,500 for the charity. Thank you to everyone who has donated to this fantastic cause!
The following day, staff enjoyed a wonderful afternoon at Clifford Park Racecourse, supporting the charity’s annual race day.