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Stapling super: Reducing multiple accounts for employees
Stapling super: Reducing multiple accounts for employees The new legislation will ensure that when an employee moves jobs, the super fund they used...
JobSaver and Micro-business Grant retesting requirement
JobSaver and Micro-business Grant retesting requirement If your business has received either the JobSaver or Micro-business Payments, you now have...
Buying a new home before selling the old one: The ins and outs
Buying a new home before selling the old one: The ins and outs Sometimes an individual or couple decides to buy a new home before selling their...
New Enterprise Incentive Scheme (NEIS)
New Enterprise Incentive Scheme (NEIS) is funded by the Department of Education, Skills and Employment (DESE). If you have a great business idea and...
Capital works deductions for rental property
Capital works deductions for rental property Rental property investors can claim capital works deductions for construction costs for a rental...
Trust distributions from a discretionary trust
Trust distributions from a discretionary trust The purpose of a trust is to separate the legal and beneficial ownership of assets. The legal...
2021 NSW COVID-19 Support for Businesses and Individuals
2021 NSW COVID-19 Support for Businesses and Individuals As a result of the extended lockdown restrictions in New South Wales, the NSW Government...
Avoid common mistakes in your business return, and include appropriate income
Avoid common mistakes in your business return, and include appropriate income We know you want to get your tax right, so it may help you this tax...
Getting deductions for clothing and laundry expenses right
Getting deductions for clothing and laundry expenses right The ATO allows certain taxpayers to claim a deduction for the cost of buying and cleaning...
5 tax tips for navigating the small business CGT concessions
5 tax tips for navigating the small business CGT concessions Affiliates Remember your spouse and children’s birthdays…and that they are no longer...
Novated lease, car Fringe Benefit Tax and tax deductions
Understanding novated leases, FBT and claims for work-related car expenses A novated lease is a popular way for employers to reward and incentivise...
The tax treatment of cryptocurrency
Cryptocurrencies, once again surging in popularity, have a unique tax treatment that every taxpayer dealing with cryptocurrency should be aware of....
Australian Federal Budget 2021-22
In the Australian Federal Budget 2021-22, the Government has decided not to go down the austerity path, which will be a relief for many taxpayers...
Tax planning tips for Financial Year end
Tax planning tips for Financial Year end The financial year is almost over, but there are still effective strategies you may be able to put in...
The SME Recovery Loan Scheme is now open
Loans for small to medium enterprises (SMEs) are available until 31 December 2021 under the Federal Government’s SME Recovery Loan Scheme. The...
Small business fees and charges rebate
If you incurred any NSW or local government fees and charges, such as licence fees, council rates, etc., you may be qualified for this small...
Money not counted as income
Money not counted as income It is possible to receive amounts that are not expected by the ATO to be included as income in your tax return. Although...
Super transfer balance account – how to manage
Super transfer balance account Most people think of retirement as a time to put your feet up and relax, but it can also be a time when pre-retirees...
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