KNOWLEDGE HUB
KNOWLEDGE HUB
Take some time to read some of our blog posts
Declaring Superannuation Contributions On Your Return
Seek professional advice or guidance before commencing a claim for super contributions as the ATO may deny a deduction or apply a penalty if you don’t do the right thing.
What Work-Related Clothing Expenses Is The ATO Going To Allow?
What you wear to work won’t generally make the cut, there has to be something that sets it apart from the norm:
5 Tax Resolutions This Year You’ll Be Keeping
Get a gym membership, start a diet, drink less, and travel more. Every year we make plenty of new year’s resolutions that we try valiantly to uphold. Why not make one about keeping on top of your tax obligations in 2023?
The Instant Asset Write-Off Returns
The deadline for the expanded Temporary Full-Expensing measure has not been extended by the Federal Budget 2023-24, meaning that it will cease on 1 July 2023, and the write-off will revert to $1,000 from that date…
PAYG Is A Good Thing! Don't Freak Out
So there’s no need to worry - the ATO is not stealing your money. Here’s how to distinguish between the two types of PAYG you may have encountered as a taxpayer.
How You Structure Your SMSF Could Impact The Trustees In The Fund
The way in which a self-managed super fund is structured could change its legal compliance requirements. If you are in the process of setting up an SMSF, you will need to make a decision about how to structure it appropriately to suit.
Self-Employed Individuals & Super Aren’t Mutually Exclusive
Although it may be challenging to make super contributions when self-employed, consider starting off the process…
New Work From Home Rules For Claiming Tax Deductions
There has been a change in how work-related expenses will be claimed this year during tax season.
You need to know about these changes because the way you keep your records has changed…
SG Payments & Your Employees - What You Need To Know
Stringent penalties can be implemented that could be financially more devastating to your business than simply paying their super…
Setting The Right Salary For Your Employees
When setting pay levels, particularly for advertising new positions and interviewing candidates, there are many factors to consider to ensure…
Starting A New Business In The New Year?
Starting a successful business requires three things…
Keep Your Friends Close & Your Family Closer (Especially When They’re Staff)
One of the greatest complaints small employers have is how difficult it is to find good employees. But there’s one place they often fail to search…
Looking To Upscale Your Business? Here’s What You Need To Know…
Upscaling can be a very stressful process, but whether it’s making changes to your business in the short term, to upscale a business means focusing on what is best for your business…
Why Keeping Money In Your Superannuation Needs To Consider Death Benefit Taxes
The question is whether or not you should leave your superannuation in there until you die. It comes down to who is receiving the money from your super…
FBT, The Holiday Season & Your Employees
A work Christmas/end-of-year party may be a method employed by many businesses to demonstrate their gratitude towards staff, but the expense can be a deciding factor.
The Proposed Electric Vehicle FBT Exemption On Everyone’s Minds
You may have heard a lot of buzz in the news regarding electric cars. There have been numerous tax questions regarding the purchase of electric vehicles, which the government has discussed since their election in May...
Trust Tax Returns - How To Make Sure You Get Them Right
The ATO keeps a close eye on non-compliance when it comes to trusts. If you want to be certain that you are doing the right thing as a holder of a trust, a trustee or a beneficiary when it comes to tax, it’s important to speak with a professional tax expert, like us.
9 Key Income Tax Items To Discuss With Your Accountant Before Lodging
To ensure that your return is correct, here are our top nine key items.
Your Work-Related Tax Deduction Checklist For This Year’s Tax Return Made Easy
Whatever your tax situation, we’re equipped and ready to help you navigate the tricks and traps of income tax returns.
Passing The Business To Family? Here Are Three Things You Probably Hadn’t Considered
If you intend to pass your business down the family tree there are a number of taxation, financial and managerial considerations that need to be taken into account for a successful succession…
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