News

Below are recent Blog posts.

June 2022

June 2022

Tax Time Targets   The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season.   Record-keeping...

May 2022

May 2022

The 120% deduction for skills training and technology costs It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and...

Budget 2022-23

Budget 2022-23

Don’t Rock The Boat’ Budget 2022-23   This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Download the budget 2022-23 guide here  Key initiatives include: A 6 month, 50% reduction in fuel excise...

March 2022

March 2022

The ATO’s Attack on Trusts and Trust Distributions   Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and...

February 2022

Year of the Tiger: Roaring or Bellowing?   The 2022 Luna New Year, Year of the Tiger, is courage and bravery. It is a year to drive out evil and one of momentum and change. The message; walk boldly with courage. And it seems the Reserve Bank Governor is aligned...

How to set up your Director ID

How to set up your Director ID

What is a director ID? A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a director, change companies, change their name, or move overseas.   The introduction of the...

December 2021

December 2021

The top Christmas tax questions   Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are our top issues:   Staff gifts   The key to Christmas presents for your team is to keep the gift spontaneous, ad hoc,...

September 2021

September 2021

What now? Unwinding the Pandemic Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border...

August 2021

August 2021

Afterpay’s $39bn pay day Business advisers will tell you that you need to begin a business with the end in mind; a phrase popularised by Michael Gerber in E-Myth. The announcement of the intended sale of Australian born fintech company Afterpay, pioneer of the 'buy...

July 2021

July 2021

Lock-downs: What help is available The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and how you can get it.   For you   COVID-19 disaster payment The COVID-19 disaster payment is available to...