Regardless of whether or not the owner is a company or an employee, a car purchased for business use can provide tax benefits to the owner. However, there are also... read more →
Superannuation payments need to be made to your employees, otherwise, stringent penalties can be implemented that could be financially more devastating to your business than simply paying their super. Eligible employees... read more →
Starting a successful business requires three things:- A good idea,- The right amount of capital you’ll need, - and Creativity.However, with the challenges many businesses faced over the last few... read more →
You may have heard a lot of buzz in the news regarding electric cars. What was once a car for the elite is now a far more common sight on... read more →
These days, your tax return is almost like an honesty test. From Centrelink payments to health insurance, child support to bank interest, the ATO sees all and seemingly knows all.... read more →
Just like how individuals and businesses have to complete tax returns when it’s tax season, so too do trusts. Trusts have their own tax file number (TFN) that should be... read more →
It's a wonderful feeling when you have got to a point where your business is so successful that you need to upscale. Whether hiring more people or moving location, upscaling... read more →
Superannuation can be confusing at the best of times for the average Australian. However, for those experiencing the effects of mental impairment (such as dementia), or living with those affected... read more →
With client needs and team capabilities constantly changing within the business world, we recommend you pause and reflect on your own critical business processes to see if you can spot... read more →
It is your responsibility as an employer to set up your business to pay super into your eligible employees' chosen super funds or their stapled super fund where no choice... read more →
From 1st July 2022, those who receive employer super will receive a small increase in their superannuation contributions. The government legislated an increase in the amount of super that employers... read more →
Property is a solid investment opportunity for those looking to increase their financial security. If you are a landlord, you may be looking for ways to reduce your tax liability... read more →
It may seem like the importance of record-keeping is overly stressed by us, but it’s a critical part of the wrap-up of the year-end. Good record-keeping makes it easier to... read more →
With superannuation being the key to a comfortable retirement, here are some of the strategies to consider that could help with streamlining your finances (while also taking into account some... read more →
Maximise your tax deductions for the 2021-22 financial year by conducting a thorough review of your records. But to do that, you need to know where to start. Here are... read more →
In order to prepare your trust for the end of the financial year, there are multiple obligations that you need to fulfil as a trustee. Planning for your trust’s future... read more →
Benjamin Franklin once famously said, “if you fail to plan, you are planning to fail”. He may not have been referring specifically to businesses but it is an apt statement... read more →
Tax deductions introduced by the Australian Taxation Office to lessen the impact of COVID-19 are approaching the end of their eligible timeframe. To ensure that you or your business do... read more →
Your Work-Related Tax Deduction Checklist For This Year’s Tax Return Made EasyThe end of the financial year is coming up (30 June), and you may be looking for ways in... read more →
As of 5 April 2022, new Directors will need to have applied for their Director Identification Number (DIN) prior to their appointment to the position.Existing directors were required to obtain... read more →