Businesses will have another year to utilise the temporary full expensing of depreciating assets measure after it was extended to end on 30 June 2023. The measure was originally introduced in 2020 to encourage business investment in …
As we kick off 2022, now is an ideal opportunity for you to review your financial position to set yourself up for the year ahead. To help you get started, we’ve put together a short 10-point checklist of financial things to think ab …
From 01 November 2021, employers will need to determine if a new employee has a “stapled” superannuation fund and request these details from the ATO in the event that the new employee has not chosen a super fund. A stapled super fun …
From 01 November 2021, ‘fund stapling’, as legislated by the Federal Government, comes into effect. So, what is ‘fund stapling’ and what does this mean for you? …
On 01 April 2020, the Australian Prudential Regulation Authority (APRA) began making changes to the Income Protection (IP) insurance landscape, with Agreed Value policies no longer available as new policies. Further changes will com …
The end of the financial year is an important time to consider a number of tax planning initiatives to help minimise your tax liability and increase any potential refund. Timing is a traditional hallmark of tax planning, so keep in …
April 2021 has become a closely observed month with many of the government’s COVID-19 economic supports coming away. As with the wind down of any stimulus, there’ll be inevitable business casualties, …
If you own a small business still recovering from the COVID-19 economic downturn, remember that you can take advantage of Fringe Benefits Tax (FBT) concessions to lower the amount of FBT you need to …
It’s not uncommon these days for people to have more than one job and employer, or even a mix of wages and contract income, as a way of maintaining their preferred lifestyle. But what are the tax implications of this? …
We’re often asked the best way to sell a business. There are two key components at play in the sale of a business; 1) structuring the transaction and 2) positioning the business to the market. Both elements are important and can sig …