Work-related car expenses updated The ATO has just announced that the cents per kilometre rate has increased to 85 cents per kilometre for 2023/24. To recap, there are two methods to claim work-related car expenses as follows: Cents per kilometre method This method is...
Time for a Restructure? Introduction The new financial year can be a time when business owners look at their operating structure and consider whether it still meets their needs. Choosing a structure is not simply about minimising tax, rather a range of factors should...
Super pensions and the Commonwealth Seniors Health Card Are you a self-funded retiree who does not qualify for the Age Pension? If you’ve answered yes, then help may be available for certain living expenses by way of the Commonwealth Seniors Health Card (CSHC). What...
Director penalty notices If your company is falling behind with payment of certain taxes, directors may be held personally liable. To recap, there are a number of advantages in operating a business through a company structure. Chief among them is asset protection....
Federal Budget 2023 Introduction The 2023/24 Federal Budget was handed down on 9 May. It contains changes to business and personal taxation, superannuation, social security entitlements, as well as cost of living relief. Following are some of the headline measures,...
