Over the past few years, tax payers have enjoyed the benefits of Low income tax offset (LITO) and Low and middle income tax offset (LMITO). However, […]
From 1 July 2022, the methods for claiming working from home expenses have changed. The 80 cents per hour COVID-19 shortcut method is not available for […]
When estate planning, most people focus on what will happen to their family and their assets after they pass, often neglecting to consider what would happen […]
Making your business seem more significant than it actually is can go a long way in helping you secure larger clients. Appearing larger can help customers […]
While the hustle and bustle of operating and managing a business can occupy your mind, it’s important not to forget your superannuation obligations to your employees. […]
In Australia, any income earned by a job may be considered taxable income. Those who receive their income via the sharing economy are no exception to […]
There are critical differences between having a hobby and running a business, and they mostly have to do with your tax, insurance and legal obligations. Understanding […]
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 […]
The Federal Budget was released last Tuesday, announcing key changes to taxation and business. For superannuation, the minimum pension drawdown amount was in the spotlight. The […]
Involvement in an SMSF can put certain responsibilities in their trustees hands, and those who overlook important details or find themselves reported to the ATO for […]
There are plenty of ways to maximise your superannuation contributions prior to your retirement at any time of your life. As the means of funding your […]