It's not about us, it's about you.
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We are currently quite busy with tax and end of year planning. Looking ahead and making plans for increasing inflation and the uncertainty it will bring are some major trends that we are seeing […]
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. 23/06/2022 Number of people involved in fake GST claim scam continues to balloon A dozen arrest warrants have been issued for a viral tax scam that has allowed Australians to swindle over $1 billion […]
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. 15/06/2022 Another budget is coming in October Federal Treasurer will deliver a second budget so as to put the Albanese government’s election promises in play and start the cutting back of wasteful expenditure. BNPL schemes face […]
Director Identification Numbers (DIN) are now a requirement. All you need to do is follow the steps below to get one. What is a DIN? It is a unique 15-digit number that a director needs to get and it follows you forever, just like your tax file number. It is needed so that ASIC can […]
Are you overlooking these 5 Australian tax deductions? It could be costing your business. Tax can be somewhat overwhelming and sometimes seem like a mountain to climb. Business owners usually get into a routine during tax time and just continue to claim what they have always done so in the past without considering some less […]
Superannuation Fees: The 3 most important things you need to know. When you hear the word ‘superannuation’ what comes first to mind? Is it fees? It is all too common to think of superannuation as a complex system that is only understood by people in white collars who work in high rise glass offices. Unfortunately, […]
“Neglecting These 7 Tax Planning Actions Could Cost You…” We know that tax planning can feel daunting. So far, you’re having a great year in business and kicking goals but the thought of a potential tax bill at the end of the year can be stressful. This unknown future number weighs in on your mind […]
The ATO’s business benchmark data is a useful tool for smart business owners. Learn how you can access these benchmarks to judge your business’ performance against industry standards, identify your ATO audit risk and other tax compliance issues, and prompt new thinking about ways to improve your profit margins. The ATO has released its latest […]
Many homeowners are not aware that the “main residence” rules exempting the family home from capital gains tax (CGT) are in fact quite complex and contain many traps. It pays to be aware of the main residence rules and to plan ahead accordingly. In straightforward cases, a property owned by individuals and used as a […]
Australia’s growing “sharing” economy provides many opportunities to make extra income. However, this will generally give rise to additional tax obligations, and accommodation sharing sites like Airbnb are no exception. Whether you rent out your whole house or just a room, make sure you understand how this “side job” will affect your tax. Millions of […]
