24 September, 2020
Income Tax cuts in Federal Budget Benefiting high income earners

Income Tax cuts in Federal Budget Benefiting high income earners

In its efforts to boost the economy, the Federal Government is considering bringing the planned income tax cuts forward. The intention behind these cuts is to […]
24 September, 2020
Amnesty means that businesses own up to underpaying Aussies superannuation

Amnesty means that 24,000 businesses own up to underpaying Aussies superannuation

An amnesty scheme which ended earlier this month has caused around 24,000 businesses to admit to underpayment of their worker’s super. A total of 588 million […]
24 September, 2020
What business structure suits your business

What business structure suits your business?

An important decision to make before you start a business is what structure your business will run under. This will reflect into all facets of your […]
17 September, 2020
Flexible workplace arrangements might be the way to go for businesses

Flexible workplace arrangements might be the way to go for businesses

Businesses working from home due to social distancing restrictions can take the opportunity to learn from the experience and consider new work structures coming out of […]
17 September, 2020
Splitting your SMSF assets during divorce

Splitting your SMSF assets during divorce

Running an SMSF under regular circumstances comes with enough compliance obligations as it is. Adding divorce or separation into the equation can raise even more legal […]
17 September, 2020
Handling deductions for self education expense

Handling deductions for self-education expense

Individuals upskilling and educating themselves during these down times may be eligible to claim a deduction for their self-education expenses. The deductions apply to self-education activities […]
10 September, 2020
Avoiding SMSF disputes

Avoiding SMSF disputes

One of the benefits of SMSFs is the amount of control you have from managing it yourself. However, self-management can leave room for disputes among related […]
10 September, 2020
Division A and private loans

Division 7A and private loans

It is not uncommon for businesses to provide loans to shareholders or associates of a company. However, business owners should know the conditions that their loan […]
10 September, 2020
The critical steps to a successful partnership

The critical steps to a successful partnership

It is a tall order to ask for a business owner to manage everything alone, much less lead their business into success. This is why many […]
24 September, 2020
Income Tax cuts in Federal Budget Benefiting high income earners

Income Tax cuts in Federal Budget Benefiting high income earners

In its efforts to boost the economy, the Federal Government is considering bringing the planned income tax cuts forward. The intention behind these cuts is to […]
17 September, 2020
Handling deductions for self education expense

Handling deductions for self-education expense

Individuals upskilling and educating themselves during these down times may be eligible to claim a deduction for their self-education expenses. The deductions apply to self-education activities […]
10 September, 2020
Division A and private loans

Division 7A and private loans

It is not uncommon for businesses to provide loans to shareholders or associates of a company. However, business owners should know the conditions that their loan […]
3 September, 2020
FBT exemption for emergency assistance

FBT exemption for emergency assistance

Businesses that provide benefits to employees during an emergency situation are likely to have assistance costs be exempt from fringe benefits tax (FBT). It is worthwhile […]
28 August, 2020
Changes to JobKeeper eligibility

Changes to JobKeeper eligibility

The Government has introduced additional changes to JobKeeper to help more businesses qualify for the relief payments. One of the key changes was moving the relevant […]
20 August, 2020
CGT rollover when transferring assets in a divorce

CGT rollover when transferring assets in a divorce

Transferring the ownership of assets from one party to another may attract CGT. However, in the event that a change in ownership occurs due to the […]
14 August, 2020
What is a TPAR and do you need to lodge one

What is a TPAR and do you need to lodge one?

The Taxable Payments Annual Report (TPAR) is an industry-specific report through which businesses inform the ATO of the total payments made to contractors for services in […]
6 August, 2020
Applying for small business income tax concessions

Applying for small business income tax concessions

Businesses looking to save on tax for the financial year may consider applying for income tax concessions. Businesses classified as a small business entity are eligible […]
31 July, 2020
What types of income do you need to include in your business’ tax return

What types of income do you need to include in your business’ tax return?

Due to changing economic circumstances, businesses may be receiving income from sources they have never received from, and may be unaware of their tax implications. In […]
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