The ATO has identified the key areas of your tax return where mistakes are common and has made these areas a priority in the 2023 year for accuracy and reliability. These areas include: Rental Property Deductions Work-related expenses Capital Gains Tax Rental Property Deductions While the ATO is...
Tax time has well and truly landed, which raises the question: What information should I bring to my accountant? Whether you are a business or individual, getting your tax information together can be a daunting task. We’ve put together a basic checklist for you to feel...
What’s the difference between Super Guarantee (SG) and the Super Guarantee Charge (SGC)? Super Guarantee is the compulsory employer contribution to your employee’s superfunds. When the SG is not paid on time, or by the due dates, you are required to advise the ATO and pay...
The Coalition government introduced on the 29 March 2022 as a part of their budget that it would continue to support small businesses through new measures. They encourage small and midsize businesses to spend more on digital tools such as software, cyber security, cloud-adoption, flexible working...
Once again, the time to consider the management of your annual tax liability is fast approaching. For this reason, we have compiled a basic list of thought provokers for your review. Listed below are the implications for Businesses. Tax Planning for the Year Ending 30 June...
Once again, the time to consider the management of your annual tax liability is fast approaching. For this reason, we have compiled a basic list of thought provokers for your review. Listed below are the implications for individuals. In our follow up post, we will...
What should I consider in a rising interest rate environment? The business environment has been on a roller coaster for the last 2 years since Covid-19 first appeared, and it doesn’t look like stopping anytime soon. As a result of government stimulus measures to combat the...
Included below is a snapshot of the major changes announced in the 2022-23 Federal Budget. For the 6 key features that are likely to impact you and your business, please read on. If you require any further clarification or advice on how these changes apply...
Covid-19 Hardship Grant for SA Businesses December 2021 The state government recently announced income support in the form of 2 types of cash grants for eligible South Australian businesses who have been significantly impacted by the trading restrictions in place from 27 December 2021 to 9...