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FBT – How Fringe Benefits Tax Works
FBT is separate to income tax. It’s calculated on the taxable value of the fringe benefit
Tax Alert December 2023
The ATO is getting back to business with it’s lenient approach during the pandemic over, it’s focus now is returning to traditional debt collection
How a Super Recontribution Strategy Could Improve Your Tax Position
The main reason for implementing a recontribution strategy is to reduce the taxable component of your super and increase the tax-free component
Rental investor? How to Get Your Tax Return Right
Extra care is needed when lodging returns with rentals
What to do if You’ve Been Scammed
Know that you are not alone and you can recover from this. There is support available, if and when you need it
Simple Ways to Save Money
Find out how to save money every day and make a savings plan to stay on track
Financial Wellness – Three Simple Steps
Taking direct action with your finances will greatly improve your chances of achieving investment success over the long term
Get your SMSF Shipshape for EOFY
The ATO is focussed on fixing a number of issues when it comes to SMSFs
Employee Share Schemes
In an employee share scheme, you get shares or can buy shares in the company you work for
Federal Budget 2023-24: Focus on Tax
Tax measures were less central to this year’s Federal Budget than they have been in recent years
2023-24 Federal Budget Analysis
Treasurer Jim Chalmers has delivered the first Budget surplus in 15 years along with help for those struggling with the cost of living
Changes to Working from Home Deductions
Important Changes to the Way Working from Home Deductions are Claimed for 2023
How to Tap into a World of Exporting Possibilities
Exporting can provide your business with benefits such as improved productivity, increases in sales and profits, new customers and potential growth opportunities
2022 Year in Review
As a new year begins, many families will be glad to put 2022 behind them and although challenges remain, we look forward to better times ahead
Wills and Powers of Attorney
A power of attorney is a document where you give someone else the legal right to look after your affairs for you
Digital and Skills Tax Incentives Return
The Government has opened submissions for a 120 percent deduction for tech and training investment, bringing previous Federal Budget announcements one step closer to becoming reality
Crackdown on GST Fraud
The Serious Financial Crime Taskforce and Australian Federal Police (AFP) have executed numerous warrants against suspects, with a GST fraudster recently jailed for three years
ATO Focus on Rental Properties
The tax office estimates it’s missing out on around $1.5 billion due to over-claiming of rental property expenses and omission of rental income
Tax and Your Online Side Hustle
As we move towards a cashless society and transact more online, it’s becoming easier for the ATO to follow the money trail.
Tax Alert September 2022
The ATO is currently refreshing its approach to the traditional fixed rate method of calculating work from home deductions
A Super Window of Opportunity
Using the existing First Home Super Saver Scheme, people can now release up to $50,000 from their super account for a first home deposit
Tax Alert June 2022
With attempted GST fraud on the rise and certain family trust payments under a cloud, the tax regulator is stepping up scrutiny of more transactions
Tax Offset vs Tax Deduction: What’s the Difference?
Both can help reduce the amount of tax you pay each year, but a tax offset generally results in a bigger dollar tax saving than a tax deduction of the same amount. The key difference is the point at which they are applied to your income when calculating the final amount of tax payable. What…
Combine Your Super into One Account to Save
Before you change out of a super fund, there are few things you need to do
Federal Budget 2022-23 Analysis
A balancing act Billed as a Budget for families with a focus on relieving short-term cost of living
Avoid the Rush: Get Ready for June 30
Starting early is essential if you want to make the most of the opportunities on offer when it comes to your super and tax affairs
A Great Time to Reassess Your Career
The pandemic is fueling a trend that has become known as ‘The Great Resignation’ or ‘The Big Quit’
SMSFs and property: What are the rules?
Before you join the trend and start adding property investments to your SMSF, there are some important rules you need to be aware of
Tax Deductions for your Home-Based Business
Expenses claims for a home-based business will depend on how your business operates
Tips to Help You Achieve Your Professional Goals in 2022
Goals, they’ve either become so onerous that we don’t care anymore, or we simply don’t have the time – life and work often get in the way. How about professional targets, do you set yourself professional goals as well as personal? Do you consider how you’re going to work smarter this year, is work-life balance…
2021 Year in Review
For the second year running, the pandemic was the focus for policy makers, markets, businesses, and individuals alike
Single Touch Payroll (STP) Changes Ahead
Under STP Phase 2, employers will be required to report additional information on or before each pay day
Tax Alert December 2021
Taxpayers need to be aware their financial affairs will come under renewed attention in the year ahead
The New Director ID: Do You Need One?
If you’re a director or want to become one, you will need to apply for the new Director Identification Number
How the ATO Mines Your Data
Some of the most powerful computers in the country are matching data from just about every facet of a taxpayer’s financial life
Future Proofing your Career
By furthering your education, you’ll future proof your career and feel more empowered tackling the changes you face
Tax Benefits of Shares – Frankly Speaking
After falling off in the early days of the COVID pandemic, share prices and dividends bounced back strongly in the year to June 2021
SMSFs Closing the Age and Gender Gap
Self-managed super funds (SMSFs) have emerged from a difficult year stronger than ever
To Lease or Buy a Business Asset?
Whichever way you are leaning – buy or lease – it’s important to review your business cash flow, your future growth plans and the current business and economic outlook
Federal Budget 2021-22: Focus on Tax
A wide range of tax cuts and incentives for individuals and small business are designed to shift the economic recovery up a gear.
Good Records the Best Defence when the Tax Man Knocks
When it comes to the tax audit process, the ATO has significant powers
Stay Safe From Scams
While scammers can be conniving and convincing, it’s important to err on the side of caution
Tame Your Inbox For Greater Productivity
Rather than being ruled by your inbox, make email work better for you with a few tweaks
Turning Redundancy Into Opportunity
If you are offered redundancy, how can you turn a potentially bad situation into a new opportunity?
Contractor or Employee: Which Are You?
Deciding if you are a contractor or an employee can be complex
Soaring to Success in 2021
The start of a new year is a great time to reassess where you are in life, your career or business
2020 Year in Review
After the year that was, a return to something close to normal can’t come quick enough
Maybe Just Maybe, Christmas is a Little More in 2020
As we look towards the festive season after what has been quite a challenging year for many, we need to consider how this celebration too might change
Our Changing Relationship Status…with our Devices
It’s not just the time we are spending online that’s being impacted, our relationship with technology is evolving as we adapt to the changing world around us
Tax Alert September 2020
Many small business owners and sole traders will be breathing a sigh of relief following the extension of the JobKeeper scheme until March next year
Cash Flow – Could your Business Do with a Boost?
The Boosting Cash Flow for Employers scheme is a temporary measure for small and medium-sized employers
Ins and Outs of SMSF Property Investing
If you are thinking about buying a property for your SMSF, you need to consider the investment issues involved
Tradies: How Does Your Insurance Measure Up?
Most tradies work in a far more dangerous environment than any white-collared worker, so the chances of an accident are greater. A report by a major Australian insurer in 2017 showed that the occupations with the most insurance claims are carpenters and electricians.i Cover for the self-employed To make the topic of insurance even more…
Tax Concessions for Small Businesses
A key concession for small business entities is lower company tax rates
Recognising your Greatest Asset: You
The key to reaching great heights is recognising that you are one of your greatest assets
2019 Year in Review: A year of Highs and Lows
2019 delivered far better returns than Australian investors dared hope for at the start of the year
Holiday on the Horizon: Maximising your Break
Taking a holiday can replenish your physical and mental health, as well as increase your efficiency
Unwrapping the Joys and Pitfalls of Giving
Giving to those in need or to those you love can be rewarding but it’s important to understand the implications for both giver and receiver
Get Some Wins on the Board with Effective Business Reporting
Knowing how to report effectively could be the way to business success.
Keeping on the Right Side of SMSF Rules
Ensure your superannuation fund meets its compliance responsibilities
Five Signs of a Well-run Small Business
Here are five simple steps you can take to ensure your business is running smoothly
Managing your Side Hustle
There are a few general rules for managing the finances related to your side hustle that you should consider
Mastering the Art of Negotiation
Mastering the art of negotiation could help reap the benefits in your business or personal life.
The STP Reporting Clock is Ticking
STP is a key part of the ATO’s plan to digitise and streamline tax and super reporting
Your Life in Numbers
App culture has made it easier than ever to access and meaningfully collate and interpret data
Tax Man Sizes Up Clothing Claims
Clothing deductions are likely to bring your tax return right under the ATO’s spotlight
The Power of a Mentor
Fostering a relationship with the right mentor can make all the difference in terms of your own professional development
